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MEXICO CITY, Nov 23 (Reuters) - Tech giant Uber (UBER.N) and delivery apps DiDi and Rappi have proposed offering social security benefits to workers in Mexico for the first time ahead of a new government bill set to regulate the gig economy. They stopped short of agreeing to classify drivers as employees, however, and few details were given on how payments towards social security costs would be divided. It is also unclear if the bill will seek to make drivers employees, or propose other reforms in line with the apps' statement. Ridesharing and delivery apps worldwide have pushed back against calls to classify workers as employees rather than independent contractors, saying the change would hinder their business models and deny drivers flexibility. Reporting by Isabel Woodford, Editing by Daina Beth Solomon, Cynthia Osterman and Anna DriverOur Standards: The Thomson Reuters Trust Principles.
The central bank has been in informal communication with Ant about the fine over the past few months, said three of the sources. It plans to hold more discussions with other regulators about Ant's revamp later this year and announce the fine as soon as the second quarter of next year, said a source. Ant's fine would be the largest regulatory penalty imposed on a Chinese internet company since ride-hailing major Didi Global was fined $1.2 billion by China's cybersecurity regulator in July. The fintech firm's affiliate, e-commerce titan Alibaba Group (9988.HK), last year received a record fine of 18 billion yuan ($2.51 billion) for antitrust violations. The PBOC, however, is unlikely to formally disclose the application till Ant wraps up its revamp, added the sources.
Uber-rival Beat withdraws from Latin America
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, Nov 8 (Reuters) - Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations, the company said in a LinkedIn statement on Tuesday. The startup, which first launched in Greece in 2011 and whose owners included automakers BMW and Mercedes Benz (MBGn.DE), began operating in Latin America in 2019. "Due to a clear strategic decision of the shareholders to focus on its core European markets, our shareholders have made the decision to stop investing in the Latin American region, where Beat operates," the statement said. For those reluctant to pay the premium prices charged for those trips, Beat also offered lower-priced conventional car rides. In an email to users, Beat said it would cease to operate in Mexico, Argentina and Peru as of November 9th.
SoftBank faces tech stock weakness at Q2 earnings
  + stars: | 2022-11-06 | by ( ) www.reuters.com   time to read: +2 min
TOKYO, Nov 7 (Reuters) - SoftBank Group Corp (9984.T) is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate. The Vision Fund investing arm booked $50 billion in losses in the six months to end-June as valuations slid. Founder and Chief Executive Son has moved to cut headcount and refocus the second fund on managing its existing portfolio. Alibaba (9988.HK), , which SoftBank has been selling to raise cash, has fallen more than 40% year-to-date. "For most/all funding needs, SBG will use Alibaba shares to defend its balance sheet or stock price," Goyal wrote.
Uber Technologies (UBER) – Uber rallied 8.8% in the premarket after it reported better-than-expected quarterly revenue as gross bookings surged compared to a year ago. SoFi Technologies (SOFI) – SoFi surged 14.3% in premarket trading, following a smaller-than-expected quarterly loss and revenue that exceeded analysts' forecasts. Pfizer (PFE) – Pfizer jumped 4% in premarket trading following a better-than-expected quarter and an improved financial outlook. Avis Budget (CAR) – Avis Budget shares gained 3.7% in the premarket following better-than-expected quarterly earnings from the rental car giant amid continued strong travel demand. Trex (TREX) – Trex shares tumbled 7.5% in premarket trading after the maker of decking and railing materials missed both top and bottom line estimates for its latest quarter.
IPO market has unraveled this year
  + stars: | 2022-11-01 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +4 min
But there’s another beast, albeit a mythical one, that has been pretty much absent from the stock market all year: Unicorns. According to data from IPO research firm Renaissance Capital, that was the slowest October for the IPO market since 2011. Many hope to do so instead in 2023 if the broader market improves. With that in mind, other unicorns could go public in 2023 if the IPO window opens up again. Crypto king FTX, sports merchandise leader Fanatics, Fortnite owner Epic Games and mobile bank app Chime are among the top 2023 IPO candidates, according to Wall Street analysts.
The Nasdaq is expecting more Chinese companies to list on the U.S. exchange in the coming months as Beijing and Washington appear closer to resolving an audit dispute. "We still have a pretty strong pipeline … as things are getting to become a little more clear in that market. We think that that market could pick up pretty dramatically," said Bob McCooey, vice chairman of Nasdaq, who does business development in the Asia-Pacific, told CNBC on Wednesday. Delisting risk for U.S.-listed Chinese companies sharply increased following the signing of the Holding Foreign Companies Accountable Act in late 2020. Chinese ride-hailing giant Didi's announcement of plans to delist from the New York Stock Exchange in late 2021 — just six months after its U.S. IPO — also fueled investor concerns.
India's startup market is worth betting on, though it's still "a few years" behind China's, Facebook co-founder Eduardo Saverin said. "I think India is a huge market with just tremendous potential," Saverin said, in response to a question on why India's startup ecosystem has not generated better returns. "And I think as the market continues to mature, and as you get into a better macroeconomic environment, it is a market to bet on, combined with Southeast Asia." According to India's Ministry of Finance report from August, the country's foreign direct investments in the first quarter of the year still lagged behind China's. "And actually, some of the biggest companies out there, I think Microsoft started during a recession."
Homeland Security Secretary Alejandro Mayorkas also criticized Republican governors for sending migrants to other cities in an interview with José Díaz-Balart on MSNBC. Migrants line up after having arrived by bus in El Paso, Texas, on Tuesday. Magnus said that despite the releases and the busing of migrants to Northern cities, the Border Patrol is managing the influx. El Paso Mayor Oscar Leeser said the city’s shelters are full, which is why he, like Republican governors, has begun busing migrants out of the city. Unlike Republican governors, Leeser is notifying cities that will be receiving migrants from El Paso.
Tencent Holdings Ltd. is looking into shedding more of its huge investment portfolio as the Chinese social-media and videogame company tries to fund a series of share buybacks and refocus its growth strategy, people familiar with the matter said. The technology giant, which owns stakes in some of China’s largest internet companies, has recently completed a regular review of its sprawling portfolio and identified its priorities for possible stake sales based on the returns these investments have generated, the people said. Potential disposals could include online real-estate brokerage KE Holdings food-delivery company Meituan and ride-hailing giant Didi Global they added. Tencent is in no rush to execute the divestments, the people said, and it is unclear when they will happen.
This is the first time Cruise has acknowledged the long-term need for remote human operators. Truly autonomous vehicles are far behind the optimistic rollout schedules predicted just a few years ago. In a June interview on YouTube, Musk said developing self-driving cars was "way harder than I originally thought, by far." Over time, those people will act as "air traffic controllers," supervising a growing number of autonomous cars. "Even decades from now you will not get to 100% truly autonomous vehicles," Kaveh added.
43-year-old Michael Tello is a "Vibe Manager" at the Hard Rock Hotel in New York City. The "rockstar suite" at the Hard Rock Hotel in New York City. Courtesy of Hard Rock Hotel New YorkBut being able to provide those special touches is also one of the most rewarding parts of the job, he said. Ciara and Didi Richards dance onstage during the Sports Illustrated Swimsuit 2022 Issue launch party at Hard Rock Hotel New York on May 19, 2022. The vibe manager works a Tuesday through Saturday schedule.
Tuesday Caterpillar is set to report earnings before the bell, followed by a conference all with management at 8:30 a.m. What history shows: Caterpillar has reported a better-than-expected profit in each of the last eight earnings days, FactSet data shows. What history shows : FactSet data shows Airbnb has beaten analyst expectations in the last four quarters. What history shows: FactSet data shows Paramount has missed earnings expectations in two of the past four quarters. Block is set to report earnings after the close, with management set to hold a call at 5 p.m.
Юные воспитанники Футбольной академии «Viitorul» блестяще сыграли в первом международном турнире «Didi Premier Cup», который недавно прошел в румынском городе Яссы. Футболисты, которых тренировал Григорий Цепордей, стали победителями соревнований U-10, победив в финале «Didi Junior Iași» со счетом 2: 1. Оба гола забил Себастьян Цэрнэ. Благодаря этим качествам выделились несколько воспитанников Футбольной академии «Viitorul», в частности, Себастьян Цэрнэ и Богдан Цепордей, горячие любители этого королевского вида спорта. Достигнутый успех вселит в чемпионов уверенность в том, что упорный труд и настойчивость принесут плоды и вдохновение в новых соревнованиях.
Persons: Григорий Цепордей, Себастьян Цэрнэ, Ботошан, Богдан Цепордей Organizations: Cup, Iași, Футбольная академия Locations: Suceava, Яссы, Колоницы, Ясс, Васлуй, Галац
В столице в скором времени появится возможность брать в аренду электросамокаты от международной системы Bolt. На каждом из новеньких зеленых самокатов отчетливо видно название бренда «Bolt», пишет Point.md. Эта международная франшиза с офисом в Таллине за четыре года сумела добиться присутствия более чем в 30 странах мира. Вскоре компания открыла сервис аренды электрических самокатов в Париже и сменила название с Taxify на Bolt. На данный момент в Кишиневе планируется только открытие аренды самокатов, входящее в доктрину компании о продвижении экологически чистых видов транспорта.
Persons: Bolt, Daimler Didi Chuxing, Taxify Bolt, Маркус Виллиг Locations: Point.md, , Кишинев, Таллин, Рига, Лондон, Париж, Лиссабон, Европа, Балтия, Россия, Грузия, Армения, Азербайджан, Казахстан, Украина, Одесса, Румыния
China continentală a raportat la data de 9 ianuarie 69 de cazuri, comparativ cu cifra de 33 consemnată ziua anterioară, a declarat duminică autoritatea naţională sanitară a ţării.Noua regulă care se aplică pentru deplasările cu taxiul vine după ce sâmbătă a fost identificat la Beijing un şofer al unei firme de ride-hailing care era purtător asimptomatic al noului coronavirus, a declarat presei Pang Xinghuo, reprezentant al autorităţii sanitare din oraş.Începând de la 1 ianuarie, 96 de şoferi care operează prin aplicaţia de ride-hailing Didi au fost amendaţi în total cu 1 milion de yuani (154.440 de dolari) pentru nerespectarea măsurilor de prevenire a răspândirii coronavirusului, cum ar fi purtarea măştii de protecţie, a declarat Rong Jun, un reprezentant al departamentului de transporturi din Beijing.Pe parcursul pandemiei, China continentală a raportat în total 87.433 de cazuri confirmate de infectare cu noul coronavirus, cu 4.634 decese asociate.În buletinul său zilnic, Comisia Naţională de Sănătate a indicat că 21 dintre noile cazuri depistate erau importate.China a raportat 27 de cazuri asimptomatice la data de 9 ianuarie, în scădere faţă de cele 38 consemnate ziua anterioară. China nu ia în considerare în cadrul cazurilor confirmate aceşti pacienţi, care au fost infectaţi cu virusul SARS-CoV-2 care cauzează boala COVID-19 dar care nu prezintă niciun simptom, notează Reuters.Hebei a încheiat testarea tuturor celor 13 milioane de locuitori din marile oraşe Shijiazhuang şi Xingtai, a anunţat duminică un reprezentant al autorităţilor provinciale.Shijiazhuang, capitala provinciei, se află în carantină. Locuitorii nu pot părăsi oraşul, iar funcţionarea transportului public a fost suspendată.
Persons: Pang, Jun Organizations: Naţională, Sănătate, China Locations: China continentală, Beijing, Beijing.Pe
Timp de patru ani, familia a supraviețuit doar cu bitcoin. „Am așteptat până am găsit o persoană care era dispusă să accepte bitcoin”, a spus Didi Taihuttu, capul familiei Bitcoin. Adoptarea în masă a criptomonedelor în ultimii ani a făcut ca familia să poată tranzacționa criptomoneda, dar pentru a se descurca, au trebuit să devină creativi. Printr-o combinație de troc, negociere, carduri de debit bitcoin și convingerea vânzătorilor să accepte criptomoneda, familia a reușit să traverseze o mare parte din Europa, Asia și Oceania. Prețul bitcoin a atins maxime istorice, aproape de 20.000 de dolari, iar unii analiști spun că are încă spațiu pentru a urca mai sus.
Persons: Didi, Taihuttus, Mike Novogratz, Tom Fitzpatrick Organizations: olandeză, California, Galaxy, Citibank Locations: Kapıkule, Bulgaria, Turcia, Europa, Asia, Oceania, slovenă Ljubljana, Ljubljana, criptomonedă
Self-driving robotaxis are taking off in China
  + stars: | 2020-12-03 | by ( Michelle Toh | ) edition.cnn.com   time to read: +5 min
On Thursday, AutoX, an Alibaba (BABA)-backed startup, announced it had rolled out fully driverless robotaxis on public roads in Shenzhen. Previously, companies operating autonomous shuttles on public roads in the country were constrained by strict caveats, which required them to have a safety driver inside. In Shenzhen, AutoX has completely removed the backup driver or any remote operators for its local fleet of 25 cars, it said. Race of the robotaxiWhile AutoX has claimed an edge in China, it’s not the first time fully driverless shuttles have hit public roads. In June, Didi, China’s biggest ride-hailing firm, began offering free rides in its autonomous vehicles within a designated area of Shanghai.
Gheorghe Hagi, considerat cel mai bun fotbalist român din toate timpurile, a fost nominalizat de reputata publicaţie France Football la categoria mijlocaşi ofensivi într-un sondaj pentru stabilirea echipei ideale din istoria fotbalului, informează Agerpres. Alături de Hagi au fost nominalizaţi Bobby Charlton, Roberto Baggio, Andres Iniesta, Diego Maradona, Enzo Francescoli, Ruud Gullit, Alfredo di Stefano, Raymond Kopa, Laszlo Kubala, Alessandro Mazzolo, Socrates, Pele, Michel Platini, Zico, Zidane, Ferenc Puskas, Gianni Rivera, Francesco Totti şi Juan Alberto Schiaffino. La sondaj participă un juriu format din 170 de specialişti, precum şi suporterii din întreaga lume, care pot vota pe site-ul revistei. Echipa ideală va fi una într-un sistem 3-4-3. Propunerile pentru atacanţi vor fi anunţate săptămâna viitoare.
Persons: Hagi, reputata, Bobby Charlton, Roberto Baggio, Andres Iniesta, Diego Maradona, Enzo Francescoli, Ruud Gullit, Alfredo, Alfredo di Stefano, Raymond Kopa, Laszlo Kubala, Alessandro, Pele, Michel Platini, Zidane, Ferenc Puskas, Gianni Rivera, Francesco Totti, Juan Alberto Schiaffino, Banks, Gianluigi Buffon, Iker, Sepp Maier, Thomas Nkono, Peter Schmeichel, Edwin van der Sar, Lev Iaşin, Dino, Giuseppe Bergomi, Carlos Alberto, Djalma Santos, Claudio Gentile, Manfred Kaltz, Philipp Lahm, Suurbier, Lilian Thuram, Franco, Franz Beckenbauer, Fabio Cannavaro, Marcel Desailly, Ronald Koeman, Bobby Moore, Daniel Passarella, Mathias Sammer, Gaetano Scirea, Sergio Ramos, Andreas Brehme, Paul Breitner, Antonio Cabrini, Ruud Krol, Paolo Maldini, Marcelo, Nilton Santos, Roberto Carlos, Jozsef Bozsik, Sergio Busquets, Paulo Roberto Falcao, Steven Gerrard, Guardiola, Josef Masopust, Lothar Matthaeus, Johan Neeskens, Andrea Pirlo, Fernando Redondo, Frank Rijkaard, Bernd Schuster, Clarence Seedorf, Luis Suarez, Marco, Jean Tigana, Alonso, Xavi Organizations: France, Agerpres Locations: Alfredo di, Zico, Gerson
Tiger Qie, VP of Didi Chuxing and CTO of Didi's Ride sharing Business Group, speaks with CNBC's Arjun Kharpal onstage at the East Tech West event in, Guangzhou, China. Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai "very soon." "We are going to launch a robo-taxi service in Shanghai very soon," Tiger Qie, Didi's vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC's East Tech West event in Guangzhou, China. "Autonomous vehicles and human-driven vehicles are going to co-exist," Qie said in a fireside chat with CNBC's Arjun Kharpal. Didi has grown rapidly since it was founded in 2012, with 550 million users currently registered with its platform.
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