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Toyota Invests In Grab, Which Is Beating Uber In Southeast Asia

Add Toyota Motor (TM) to the list of investors in ride-hailing service Grab, the startup that is looking to knock out Uber in Southeast Asia. Grab (formerly known as GrabTaxi) is a technology company that offers a wide range of ride-hailing and logistics services through its app in Malaysia and neighbouring Southeast Asian nations such as Singapore, Indonesia, Philippines, Vietnam, and Thailand. As of

Expedia Appoints New CEO, Expecting Smooth Transition

Expedia late Wednesday announced that its board of directors approved the appointment of Mark Okerstrom as its new president and chief executive. Expedia, Inc. is an American travel company that owns and operates several international global online travel brands, primarily travel fare aggregator websites and travel metasearch engines including,,, trivago,, Travelocity, Orbitz, and HomeAway. The company operates about 200 travel booking websites in

Airlines’ record high traffic raises airfares in Nigeria as Sallah celebrations take centre stage

Nigeria (Businessday) - Domestic airlines have raised their fares from Lagos to northern routes in Nigeria, such as Kano, Kaduna, Maiduguri and Abuja, as a result of the Eid-el-Kabir celebration, which has also pushed up the prices of rams. Patronage at the ram markets is however low, as buyers stay

Lagos to build 57 computerised vehicle inspection centres

Nigeria,  Lagos State Government annouced plans to build 57 state-of-the-art computerised vehicle inspection service centres for testing vehicles before being issued road worthiness certificates. The General Manager of Lagos Computerised Vehicle Inspection Service, (LACVIS) Mr. Segun Ogunnaike, who spoke on behalf of the Managing Director, Prince Segun Obayendo, at a forum

Freight Companies Scramble to Reroute Goods in Wake of Harvey

Trucking fleets, railroads and shipping lines are rerouting cargo and setting up alternate supply lines as Tropical Storm Harvey promises to disrupt freight traffic across southeast Texas for days. Seaports in Houston and Corpus Christi have been closed to most ships since before Harvey made landfall Friday, and rising waters from days of heavy rains and

How Harvey could affect nationwide auto sales

The full extent of the devastation, mayhem, pain, and loss of life that Hurricane Harvey is leaving in its path is still unknown, and people are still trying to get to safety. It sent the oil-and-gas industry reeling. Housing in affected areas took a serious hit; perhaps $40-billion in damage,