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OLD YUAN DRIVES A MAYBACH FOR RIDE HAILING
Uber, Waymo end robotaxi partnership in PhoenixUnder the partnership struck in 2023, Uber had integrated Waymo's autonomous vehicles into its ride-hailing and food delivery platforms.- Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuanChina's central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday's debut. This...
- Platforms, IAMAI move Karnataka HC against gig workers welfare lawThe petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until th...
- China's Momenta kicks off Hong Kong IPO, targets up to $751 millionThe IPO comes as Chinese technology firms are returning to public markets, helped by investor demand for companies tied to AI, chips and au...
- Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse reposChina's central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. T...
- 'We meet not as strangers, but as old friends': PM Modi addresses Parliament of Seychelles, hails people-to-people tiesPrime Minister Narendra Modi addressed the Seychelles Parliament, his 20th foreign legislative address. He also received the "Guardian of t...
- Bharat Taxi to expand to over 500 cities in two years: Union minister Amit ShahUnion Minister Amit Shah announced Bharat Taxi's ambitious expansion to over 500 cities within two years, including major metros like Mumba...
- Amit Shah launches Bharat Taxi in Gujarat, India's first driver-owned ride-hailing platformUnion Home Minister Amit Shah inaugurated 'Bharat Taxi', India's inaugural driver-owned ride-hailing platform, in Gujarat. Launched across ...
- China industrial profits stay resilient as economy leans on factories, exportsChina's industrial profits saw a double-digit rise in May, though at a slower pace, underscoring the economy's reliance on factories and ex...
- Uber India head Prabhjeet Singh quits, to join as OpenAI MDUber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant grow...
- Brazil plans up to $735 million panda bond issuance, says finance ministerBrazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil...
- Global Market: China's 'future industries' investment boom sparks valuation bubble concernsChina is witnessing a massive surge in venture capital, pouring billions into futuristic sectors like space, quantum computing, and AI. Thi...
- Lessons from the roadWith Father’s Day just behind us, Classic Legends co-founder Boman Irani opens up about his father’s resilience, curiosity and drive to suc...
- Tencent tests AI assistant for its super app WeChat in ChinaKnown as Weixin in China, the super app has made the new AI assistant available to a small number of users, according to a statement from W...
- Lime plans to name Uber as anchor investor in IPO: reportSan Francisco-based startup Lime is backed by Uber Technologies. It filed to go public in the United States in May.
- Vaibhav Sooryavanshi's 29-ball 94 powers India A to 377/9 vs Sri Lanka A in Triseries finalSooryavanshi smashed a blistering 94 off 29 balls, including a record 11-ball fifty, to propel India A to a massive 377 for nine against Sr...
- Married after a 5-minute video call, sought divorce 9 days later: Chinese man's story sparks debateA Chinese man, pressured by family, married a woman after a brief video call and three days of acquaintance. Nine days later, he sought a d...
- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- No billion dollar startup or fame. Hyderabad man shares his one ‘passion’ which caused him to leave high-paying Amazon job in viral video : 'I wanted to explore...'An Instagram influencer shared a viral video of a former Amazon employee who left his tech job in 2014 to become a full-time Uber driver. T...
- Self-driving tech supplier Mobileye plans US robotaxi service next yearMobileye will launch its own robotaxi service in the United States next year. The company plans to deploy about 100 robotaxis in a major US...
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