The move will help Uber find a quicker path to profitability, said Steven Fox, founder and CEO of Fox Advisors. "It accomplishes the best of both worlds for them. It takes away a big profit drag and keeps them strategically well-positioned for when they want to move parts of their network to be autonomous," he said.
The name-change will also have synergistic efforts for the group's other businesses like bicycle's mud guards made from recycling waste materials from disposable food boxes as they stand to gain through closer cooperation with the bike-sharing services.
The move came after Taliban militants announced a three-day ceasefire during Eid al-Fitr festival, starting from Sunday.
The move came after Huawei posted a 24.4 percent year-on-year growth in domestic tablet shipments in the third quarter of this year, grabbing a market share of 37.4 percent, according to data from market research company International Data Corp.
The most active cotton contract for January 2021 delivery gained 115 yuan (.58) to close at 12,920 yuan per ton.
The most direct reason behind the continuous rise on the STAR Market was the chase for new stocks by investors, which would bring a relatively large amount of capital, just like when ChiNext, China's NASDAQ-style board of growth enterprises, launched, according to Liu Xiaodan, chairwoman of Huatai United Securities, during an interview with CCTV Finance.
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The most severe landslide after the quake occurred in Sanxi village on July 10, 2013, burying eight rural resorts, killing 43 people and leaving another 118 missing.
The move aims to reduce logistical costs and improve traffic flow on expressways, said Wu Chungeng, spokesman for the ministry, at a news conference.
The move meant a net cash withdrawal of 170 billion yuan (.7 billion) from the market as previous reverse repos matured Tuesday.
The ministry, with 16 other central authorities, including the National Development and Reform Commission, released a guideline focusing on sustainable development of rural tourism in November, covering directions on its culture, infrastructure and public services construction.