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  • Storming or Storm-Bound? Here's an Emerging-Market Reality Check

    September 25, 2017 12:06 AM 158

    Nothing has been able to silence the roar of emerging markets this year, be it Kim Jong-Un’s missiles, President Donald Trump’s protectionist rhetoric or a host of domestic political ructions from Brazil to South Africa and Turkey. Instead, investors have focused on economies supported by slowing inflation, a recent recovery in commodity prices and the comfort

  • Uber Regroups After London Taxi Setback as Lyft Signals Interest

    September 24, 2017 9:24 AM 147

    Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it would fight the suspension in court. Tom Elvidge, general manager of Uber in London, told the newspaper his company would like to meet to resolve the situation. Rival Lyft Inc., a start-up

  • Uber: Women voice safety fears over London licence loss

    September 23, 2017 11:05 PM 140

    The news that Uber has lost its licence from Transport for London on public safety and security grounds has left some young women wondering how that will affect not just their wallets but their freedom to choose where they travel and when. It has concerns about how Uber goes about its background checks on drivers and reports serious offences

  • 'Unfit' Uber stripped of London license, CEO tweets 'pls work w/us'

    September 23, 2017 12:30 AM 156

    LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities. In a break with the startup’s usual combative tone, Uber’s new Chief Executive Dara Khosrowshahi asked London to please

  • HTC stock to resume trading on September 22

    September 21, 2017 12:20 PM 161

    HTC is to resume trading on the Taiwan Stock Exchange (TWSE) tomorrow, according to an announcement issued by the TWSE. Trading of HTC shares was temporarily halted before today’s announcement of the company’s billion-dollar deal with Google. The duo revealed that Google would acquire HTC’s “Powered by HTC” team for $1.1 billion, effectively bringing

  • Namibia's economy contracts 1.7 percent in second quarter

    September 21, 2017 9:45 AM 116

    WINDHOEK, Sept 21 (Reuters) - Namibia's economy shrank by 1.7 percent in the second quarter of this year after a revised contraction of 1.7 percent in the first quarter, the statistics agency said on Thursday. "The poor performance is mainly attributed to the construction, wholesale and retail trade as well as the fishing sector that all contracted

  • HTC tethers itself to a new virtual reality

    September 21, 2017 7:21 AM 137

    HONG KONG (Reuters Breakingviews) - HTC is embracing an alternative reality. The ailing Taiwanese group is offloading part of its handset unit to Google for $1.1 billion. This will free up HTC to focus more on its risky but promising virtual reality business, where it is winning market share. Deeper ties with the U.S. giant might also help fend off rivals

  • Toys ‘R’ Bust: the rise and fall of a retail empire built on child’s play

    September 20, 2017 5:52 AM 147

    In the early 1980s, a week before Christmas, a woman walked into a supermarket-size store in Tysons Corner, Virginia, and became so dumbfounded that she started talking to herself. A Washington Post story that recounted her muttering did not say she was delusional. She was simply overwhelmed by a store that had become, in the words of the article “like McDonald’s

  • Africa: Egypt Knocks SA From Top Investment Spot in Africa

    September 19, 2017 4:49 AM 151

    Egypt has knocked South Africa from its long-standing top spot regarding investments in Africa, according to Rand Merchant Bank's latest Where to Invest in Africa report for 2018, released on Monday. This is the first time SA has not been in top spot since the report was initiated seven years ago. Nigeria, on the other hand, has for the first time not featured

  • South Africa falls from top position and Nigeria drops out of Top 10

    September 19, 2017 4:10 AM 140

    is that the African continent could find itself hovering on the brink of disaster if it continues to depend on its current economic fundamentals and does not usher in economic diversification. highlights those countries which have understood the need to adapt to the prolonged slowdown in commodity prices and sluggish levels of production growth – and those