Other News

Uber in talks to buy Dubai’s ride hailing firm Careem
Tech

Uber in talks to buy Dubai’s ride hailing firm Careem

Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about USD2 billion to USD2.5 billion, Bloomberg reports. No final decisions have been made, and the companies may decide against the transaction. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing […]

HSBC Chief Executive Peter Boyles announces retirement
Global

HSBC Chief Executive Peter Boyles announces retirement

HSBC has announced that Peter Boyles will retire from his role as Chief Executive, Global Private Banking to be replaced by António Simões, subject to regulatory approval, effective 1 January 2019. Meanwhile, James Emmett will succeed António Simões as Chief Executive of HSBC Bank plc and Chief Executive of Europe […]

Marc and Lynne Benioff acquires Times Magazine
Global

Marc and Lynne Benioff acquires Times Magazine

Marc and Lynne Benioff have both acquired Time Magazine from Meredith Corporation. Meredith Corporation said in a statement that it sold the media giant for $190 million in cash. The transaction is subject to customary closing conditions and regulatory approval and is expected to close within 30 days. The Benioffs […]

Marketing and the future of innovation
Marketing

Marketing and the future of innovation

Fifteen years ago, if anybody had told you that a non-existing startup will turn out to be the world’s largest taxi company and it would have no single taxi to its name, you would have dismissed it as a hoax. Here we are in 2018, Uber, the world’s largest ride-hailing […]

Prudential reviews capital position ahead of M&G demerger
Global

Prudential reviews capital position ahead of M&G demerger

Ahead of its proposed demerger of M&G Prudential from Prudential plc, Prudential said it expects to rebalance its debt capital across Prudential and the ultimate holding company of M&G Prudential. In anticipation of commencing this debt rebalancing, Prudential intends to update the prospectus relating to its £10,000,000,000 Medium Term Note […]