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Uber EMEA head hopes agency will hold London license – NEWPAPER24

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Uber EMEA head hopes agency will hold London license

2018-05-24 14:52:00


Uber has taken steps to enhance its enterprise mannequin and is hopeful it’s going to regain its license to function in London, the agency’s head of EMEA stated Thursday.

Transport for London, however the firm has been combating to maintain the precise to function within the British capital by way of an enchantment. It lately appointed Jamie Heywood, a former Amazon govt, as its new U.Ok. boss.

The agency is presently making an attempt to reshape its picture underneath the tenure of Chief Govt Dara Khosrowshahi. Below former boss Travis Kalanick, Uber was hit with a collection of scandals, from sexual harassment complaints in opposition to the corporate, to the usage of software program, to allegedly blocking regulators from gaining full entry to the Uber app.

On Thursday, Uber introduced it was opening a middle in France dedicated to growing its flying taxi know-how. A day earlier, it stated it was increasing insurance coverage protection for drivers throughout Europe.

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Audi chief government Rupert Stadler arrested – NEWPAPER24

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Newpaper24 - Global online News around the World _102090204_f8xbf59p Audi chief government Rupert Stadler arrested - NEWPAPER24

Audi chief government Rupert Stadler arrested

2018-06-18 09:13:32

Picture copyright EPA

German carmaker Audi’s chief government, Rupert Stadler, has been arrested, father or mother firm Volkswagen has mentioned.

A spokesman for VW mentioned: “We verify that Mr Stadler was arrested this morning. The listening to to find out whether or not he might be remanded is ongoing.”

Audi has been caught up within the diesel emissions scandal that has plagued VW.

Final month, Audi admitted that one other 60,000 A6 and A7 fashions with diesel engines have emission software program points.

The quantity is on prime of the 850,000 recalled final 12 months by the Volkswagen subsidiary, of which just some have been discovered to require modification.

The so-called dieselgate emissions scandal first got here to gentle in September 2015.

Volkswagen admitted that just about 600,000 automobiles bought within the US have been fitted with “defeat units” designed to bypass emissions checks.

It mentioned it had put in software program in 11 million diesel automobiles worldwide that might inform once they have been being examined and reduce their emissions.

On the open street, untested, the extent of emissions would in apply be far larger – as much as 40 occasions as dangerous as recorded underneath laboratory situations.

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South Africa’s PPC full-year revenue doubles on Zimbabwe and Rwanda operations | Investing Residence – NEWPAPER24

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Newpaper24 - Global online News around the World 1529311417_rcom-default South Africa's PPC full-year revenue doubles on Zimbabwe and Rwanda operations | Investing Residence - NEWPAPER24

South Africa’s PPC full-year revenue doubles on Zimbabwe and Rwanda operations | Investing Residence

2018-06-18 07:07:36

JOHANNESBURG (Newpaper24) – South African cement producer PPC on Monday reported a greater than two-fold leap in annual earnings, boosted by robust performances in its African operations, notably in Zimbabwe and Rwanda.

PPC, which has operations in six international locations, mentioned its headline earnings per Share for the full-year ended March 2018 surged to 15 cents from 7 cents a 12 months earlier.

Headline EPS is the primary revenue measure in South Africa that strips out sure one-off objects.

The overall cement sale volumes elevated 6 % to five.9 million tonnes, whereas group income rose 7 % to 10 billion rand ($744.91 million) from 9.6 billion rand within the prior 12 months.

“The efficiency from Southern Africa cement and supplies was subdued, whereas sure one-off prices had an influence on our general monetary efficiency,” Chief Govt Officer Johan Claassen mentioned in a press release.

Group core revenue, or EBITDA (earnings earlier than curiosity, tax, amortisation and depreciation), fell 9 % to 1.9 billion rand on account of prices associated to company motion, ramp up of plant within the Democratic Republic of Congo and restructuring prices.

PPC spent most of 2017 in merger discussions with cement and funding suitors together with native rival AfriSam, Nigeria’s Dangote Cement and Irish constructing supplies group CRH.

In December it concluded that it was not fascinated with promoting or shopping for belongings, ending talks a few potential takeover by Swiss group LafargeHolcim.

The South African main cement group has crops in Botswana, Zimbabwe, the Democratic Republic of Congo, Rwanda and Ethiopia.

($1 = 13.4245 rand)

Reporting by Nomvelo Chalumbira, enhancing by Louise Heavens

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Saudi Arabia’s property market nonetheless in unfavourable territory in Q1 – NEWPAPER24

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Newpaper24 - Global online News around the World Riyadh-Skyline Saudi Arabia's property market nonetheless in unfavourable territory in Q1 - NEWPAPER24

Saudi Arabia’s property market nonetheless in unfavourable territory in Q1

2018-06-09 06:13:28


Property costs in Saudi Arabia are among the many worst performing on the planet, in line with a brand new world research.

Knight Frank’s World Home Worth Index for the primary quarter of 2018 revealed that values within the Gulf kingdom have been down marginally by 0.2 p.c over the previous 12 months.

Saudi Arabia was ranked 51st out of 57 international locations coated by the index, with Peru named because the worst performing actual property market with a 4.2 p.c drop.

The speed of worth decline in Saudi Arabia quickened over the previous three and 6 months, down by 0.7 p.c and 0.9 p.c respectively, in line with Knight Frank.

Globally, costs rose by 4.eight p.c on common within the 12 months to the tip of March, it added.

Hong Kong led the index for the primary time for the reason that second quarter of 2015 with practically 15 p.c annual progress.

Knight Franks stated home costs are rising in 86 p.c of the 57 international locations tracked by the index though solely 9 p.c of the markets tracked registered worth progress above 10 p.c, down from 18 p.c a 12 months in the past.

North America (6.6 p.c) remained the strongest performing world area.

Kate Everett-Allen, head of worldwide residential analysis at Knight Frank stated: “Europe’s restoration is now properly underway, nearer evaluation confirms 11 of the 15 strongest-performing housing markets globally have been in Europe on the finish of March.”
In February, JLL stated costs within the Saudi capital Riyadh decreased by Four p.c over the 12 months whereas rents decreased by 5 p.c yearly.

For all the most recent enterprise information from the UAE and Gulf international locations, observe us on Twitter and Linkedin, like us on Fb and subscribe to our YouTube web page, which is up to date day by day.



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