Uber is in advanced talks to buy Mideast rival Careem

Dubai: Uber Technologies Inc. is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, a deal that would expand the ride-hailing giant’s operations in the Middle East, according to people familiar with the matter. The companies may announce a cash-and-shares transaction that values Careem at about $3 billion in the coming weeks, the […]

US threat looms over foreign firms trading with Cuba

HAVANA: US President Donald Trump’s administration is brandishing the threat of sanctions against foreign companies “trafficking” with Cuba, a move hitherto mothballed by Washington so as not to offend allies. The White House has broken with two decades of precedent in threatening to activate Title III of the Helms-Burton Act, which extended the US embargo […]

Automakers seek to electrify Geneva car show, fight off gloom

PARIS: The Geneva Motor Show kicks off this week with automakers eager to show off new electric models, even as they nervously eye a horizon coloured by trade wars and Brexit uncertainty. After years of growth and record profits, the sector took a sharp U-turn in mid-2018 amid an unexpected slowdown in China, which is […]