You are here
Home > Financing

Venezuela’s domestic airline industry suffers amid economic crisis

A Laser Airlines plane taxis on a runway at Simon Bolivar airport in Caracas, Venezuela July 2, 2018. REUTERS/Marco Bello   Venezuela’s domestic airline industry is struggling to maintain operations due to hyperinflation and shortages of spare parts, according to an industry association, making it increasingly hard to obtain tickets and causing

Buffett proposed to invest $3 billion in Uber, but talks failed: Bloomberg

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S.   Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the deal’s

Exports the Salvation for Zim Economy – RBZ

Photo: A Tobacco-farmer. ZIMBABWE’S tobacco yields have been growing since 2008, according to figures obtained from the Tobacco Industry marketing board (TIMB).  Harare (The Herald) - Zimbabwe's economic problems are largely a function of production deficiencies, which require the country to exploit the current pro-business environment to increase productivity for export

Grab, Uber rival in Asia raising $2.5bn in new financing

Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to