Business and Economy

Business and Economy Latest News

Investors hope for answers in Credit Suisse, UBS results
Investors hope for answers in Credit Suisse, UBS results
by  AFP

When Credit Suisse's unveils what are likely its final quarterly results Monday, investors will be seeking clues to the magnitude of the challenges awaiting UBS, after it was strongarmed into taking over its stricken rival. Monday's quarterly report will likely be Credit Suisse's last one, depending on how quickly the UBS deal closes, Vontobel analyst Andreas Venditti said in a research note.

Chinese EV dominance hastens end of petrol engine era
Chinese EV dominance hastens end of petrol engine era
by  AFP

This year's Shanghai Auto Show signalled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the sector and leave foreign companies in the dust, analysts and industry insiders said. "I think this show marks the end of the internal combustion engine and the beginning of the EV era," he added.

US rideshare firm Lyft plans major staff cuts
US rideshare firm Lyft plans major staff cuts
by  AFP

US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs. Lyft already had a round of major layoffs late last year. gc/dw

Energy

Money

Industry

Technology

Economy