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Latest News

Job ads show Uber expanding meal deliveries in 24 countries
An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi signBy Eric Auchard LONDON (Reuters) - Uber [UBER.UL] is making a broad international push into meal delivery, with fresh hiring and aggressive marketing as it prepares to take on local rivals in dozens of countries. In a sign of growing ambition beyond its taxi business, Uber is gearing up to deliver meals in Amsterdam this week just as Takeaway.com , the restaurant ordering leader in the Netherlands, lists on the Amsterdam stock market. According to job listings on Uber and other recruiting sites, UberEats, as the food delivery service is known, is hiring everyone from general managers to bike couriers, salespeople and marketing managers for launches in 24 countries.
Hong Kong small-caps: ready for China fever?
A floor trader walks during afternoon trading at the Hong Kong Stock Exchange in Hong KongBy Samuel Shen and John Ruwitch SHANGHAI (Reuters) - Chasing higher returns in a slowing economy, Chinese investors could soon dominate Hong Kong's stock market, likely redefining how shares, especially small-caps, are traded and priced there. Chinese money will account for a third of Hong Kong's stock trading turnover in three years, up from a tenth now, UBS and other brokers predict. Fund managers say the inflow of Chinese money will be driven by deregulation, fears of yuan depreciation, and yield chasing as there are still wide valuation gaps between the two markets.
LVMH's digital drive takes time despite Apple hire
A woman walks past a Louis Vuitton shop in BrusselsBy Astrid Wendlandt PARIS (Reuters) - When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. Almost a year later, aside from drafting in more digitally-savvy people and taking part in a technology start-up fair, his impact on the world's biggest luxury goods group has yet to become visible. Changing mentalities and priorities at LVMH takes time, according to sources close to the 78 billion euro ($88 billion)group controlled by France's richest man, Bernard Arnault.
New York launches ad campaign to fight anti-Muslim rhetoric, violence
New York City kicked off a social media advertising campaign on Monday to combat negative perceptions of Muslims and counteract increasing instances of threats and violence, officials said. Showing an array of photographs of Muslim men and women, the campaign reads "I am Muslim. Anti-Muslim sentiment has been playing a major role as the U.S. presidential race has heated up.
Disney, Microsoft among possible Twitter suitors: reports
A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica(Reuters) - Walt Disney Co and Microsoft Corp joined a list of potential suitors for Twitter Inc , according to media reports on Monday. Twitter shares were marginally down at $23.33 in after-market trading. The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon.

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World News

Amid scandal, Wells Fargo claws back CEO pay

Wells Fargo CEO John Stumpf on Capitol Hill on Sept. 20. (Gary Cameron/Reuters)CEO John Stumpf and a former Wells executive will forfeit millions of dollars in bonuses, the bank's board says.


The cybersecurity debate that didn't happen

Donald Trump and Hillary Clinton on Sept. 26 at the first presidential campaign debate. (Mandel Ngan/AFP)Discussing these issues could eat up considerable debate time, but they're of critical importance.


Howard Dean defends Trump cocaine tweet

Howard Dean during the PBS Television Critics Association summer press tour in July. (Richard Shotwell/Invision/AP)He's unapologetic about his postdebate tweet that asks: "Notice Trump sniffing all the time. Coke user?"


Defying critics, Obama nominates Cuba ambassador

Secretary of State John Kerry greets Jeffrey DeLaurentis in Cuba. (AP)“We have no illusions,” the White House said of Congress trying to thwart the move.


Sources: FBI widening cyberattack inquiry

Democratic National Committee headquarters in Washington, D.C. (Gary Cameron/Reuters)The agency's investigation now includes suspected attempts to hack Democratic Party officials' mobile phones.