Uber sells Chinese business to Didi Chuxing


uber2

Taxi-booking app Uber has agreed to sell its business in China to rival Didi Chuxing. Uber’s China business will retain its separate branding, and Uber’s global business will receive a 5.9% stake in the combined company, Didi Chuxing said. Uber China launched in 2014 but so far has failed to make any profit. The two companies have been fierce competitors for years, but Didi Chuxing dominates the market.

 

 

yurikoTokyo elects Yuriko Koike as first female governorFormer Defence Minister Yuriko Koike has been elected governor of Tokyo, the first woman to lead Japan’s capital. Ms Koike, running as an
independent candidate, received more than 2.9 million votes in election, beating her opponents by a wide margin.

 

ariyaWomen’s British Open: Ariya Jutanugarn becomes Thailand’s first major winner Ariya Jutanugarn became Thailand’s first major champion after holding off the challenge of Mirim Lee to win the British Open by three shots at Woburn. The 20-year-old had a two-stroke lead over South Korea’s Lee going into the final day and started strongly to lead by five shots after nine holes.

 

Tsai Ing-wenTaiwan president gives first apology to indigenous groups
Taiwanese President Tsai Ing-wen has officially apologised to the island’s indigenous population for centuries of mistreatment, the first time a leader has done so. Speaking to representatives from 16 recognised native tribes, she said Taiwan had to face “the truth” to move forward “as a country of one people”.

 


Malaysia’s new security law raises rights concerns

A new security law giving Malaysia’s prime minister sweeping new powers has prompted concern it could restrict rights and stifle democracy. It allows a security council led by Mr Najib Razak to declare a state of emergency anywhere deemed to be at risk, giving police wide powers.

 

sushma swarajIndia To Bring Back Workers Facing ‘Food Crisis’ In Saudi Arabia
Foreign Minister Sushma Swaraj said over 10,000 Indians in Saudi Arabia and Kuwait were facing a ‘food crisis’ because of economic hardships after losing jobs. Low oil prices have forced the Saudi government to slash spending since last year, putting heavy pressure on the finances of local construction firms which rely on state contracts. As a result, some companies have been struggling to pay foreign workers and have laid off tens of thousands, leaving many with no money for food let alone for tickets home.

 

mosqueFrance seeks more influence over mosques to stop jihadists
Dozens of prominent French Muslims and Prime Minister Manuel Valls have called for a national drive to promote mainstream Islam and combat the radicalisation of young Muslims.

 

Russian helicopterRussian helicopter shot down in Syria
A Russian helicopter has been shot down by rebels in Syria’s northern Idlib province, Russian officials say. Defence officials say the Mi-8 transport aircraft had five people on board. Unconfirmed reports say at least four of them are now dead.

 

barclaysBanks turning to voice recognition
Voice as a form of secure ID is becoming more widespread, with Barclays announcing it is using the technology for telephone banking customers. All Barclays’ personal telephone banking customers are eligible to use the system, although they can opt out.

 

Tata's UK SteelBuyout Group Excalibur Says Still Keen To Buy Tata’s UK Steel Business
Management buyout group Excalibur, one of the bidders for Tata’s British steelmaking business, intends to pursue plans to buy the assets, despite Tata pausing the sale process to explore joint ventures

 

fethullahTurkey Sacks Generals, Shuts Media Linked To Coup Attempt
Turkey is discharging 149 generals and ordering the closure of dozens of media outlets in the next phase of its crackdown in the wake of the failed coup. Anger against the United States grows over Washington’s response to Turkey’s demand for handing over Fethullah Gulen whose clandestine network is being blamed for the failed coup.

 

China asks Vietnam to probe passport slur
China has asked Vietnam to investigate reports that a Chinese visitor’s passport was handed back with obscenities written on two pages. The Chinese consulate in Ho Chi Minh City said in a statement the act was “shameless and cowardly”, adding that it had “stained the dignity of both China and its nationals”.

 


Abe’s Plan For $265 Billion In Stimulus Puts Pressure On Bank of Japan

Japan’s prime minister unveiled a surprisingly large $265 billion stimulus package to reflate the world’s third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week.

 


Kabul explosion: Foreign compound targeted by Taliban

A compound housing foreign contractors in the Afghan capital, Kabul, has come under attack from Taliban fighters. A huge explosion was heard across the city.

 

FacebookGoogle+TwitterWhatsApp