(Reuters) – Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported bloom.bg/2Z0TVcd late Sunday, citing people familiar with the matter. The deal ha... More »
WASHINGTON (Reuters) – Joe Biden’s campaign said on Monday that if elected president, the presumptive Democratic nominee would rescind the permit for Keystone XL pipeline, which effectively would doom the long-troubled project. In doing so, Biden would reverse... More »
MANILA (Reuters) – The Asian Development Bank [ADB.UL] announced on Monday it was tripling the size of its rescue package to $20 billion to help developing countries in Asia counter the severe macroeconomic and health effects of the coronavirus pandemic. It pr... More »
LONDON (Reuters) – Willie Walsh, the chief executive of British Airways-owner IAG (ICAG.L), will step down from the airlines group he helped to build later this year and hand the reins to a key lieutenant, Luis Gallego. Walsh had said in November that successi... More »
BOGOTA (Reuters) – Colombia on Friday ordered Uber (UBER.N) to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules. Following a lawsuit filed against Uber by COTECH SA, the ... More »
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker’s Cybertruck, which was unveiled late on Thursday. “146k Cybertruck orders so far, with 42% choosing dual, 41... More »
(This November 16 story has been refiled to correct the number in the headline) By Kanishka Singh (Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a ... More »
DUBAI (Reuters) – The resignation of White House National Security Adviser John Bolton, a hawk on Iran, will not lead to talks between Washington and Tehran, Iran said on Wednesday. President Hassan Rouhani urged the United States to end its policy of “maximum... More »
BEIJING (Reuters) – The death toll from typhoon Lekima in eastern China rose to 44 people on Monday morning, according to official data, as the storm continued up the coast, racking up billions of dollars in economic losses and widely disrupting travel. An add... More »
PARIS/TOKYO (Reuters) – Renault has signaled it will block alliance partner Nissan from adopting planned governance reforms unless the French automaker gets more say in the new system, a demand which Nissan said was “most regrettable” and which one source deri... More »
PARIS (Reuters) – Nissan Motor Co believes that attempts by Renault SA to place one of its directors on Nissan’s planned governance reform committees may lead to a conflict of interest, a source with knowledge of the issue told Reuters on Monday. Renault, whic... More »
DUBAI/LONDON (Reuters) – Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies. The UA... More »
SANTANDER, Spain (Reuters) – A Saudi ship, prevented by rights groups from loading an arms cargo at the French port of Le Havre on Friday, arrived at the Spanish port of Santander early on Monday. It was not clear what the Saudi ship was doing in Santander or ... More »
(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. ... More »
(Reuters) – A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday. San Francisco-base... More »
RIO DE JANEIRO (Reuters) – Truckers in Brazil on Monday partially blocked the main highway between Rio de Janeiro and Sao Paulo, police said, an action that could harm the nation’s economy should the protests spread. The protests followed a decision by a Supre... More »
(Reuters) – Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. Both companies are backed by Japan’s SoftBank Group Corp (9984.T). The investme... More »
ROME (Reuters) – More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to shi... More »
LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clo... More »
HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to t... More »
PARIS (Reuters) – The French finance minister on Sunday raised the pressure on Air France managers and unions to resolve a stand-off over wages, saying the government would not ride to the carrier’s rescue as it grapples with worker strikes and a leadership va... More »
ATHENS (Reuters) – A Greek gunboat was nudged by a Turkish cargo vessel early on Friday while on patrol for unauthorized migrant crossings in the Aegean Sea, the Greek navy said. The gunboat “Armatolos” was on patrol off the island of Lesbos as part of a NATO ... More »
BEIJING (Reuters) – China first domestically developed aircraft carrier looks set to begin sea trials after pictures appeared on the Chinese internet on Monday of it leaving its dock in the northeastern port of Dalian. The still-unnamed carrier was launched th... More »
NEW YORK (Reuters) – Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market’s best bargai... More »
NEW DELHI (Reuters) – Deaths and injuries from train collisions or derailment in India more than halved to 254 people last fiscal year from a year ago, railways data showed, amid attempts to improve its shoddy safety record through mega investments and recruit... More »
JAKARTA (Reuters) – Indonesia is making it mandatory for Go-Jek and Grab to register as transport companies within two months to ensure they meet safety requirements as a public transport provider, potentially increasing costs and scrutiny of the ride-hailing ... More »
NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reu... More »
TOKYO (Reuters) – A Kajima Corp official and a former executive of Taisei Corp were arrested on Friday as part of an investigation into the suspected rigging of bids for a Japanese high-speed rail project, prosecutors said. Prosecutors are investigating constr... More »
A man walks past the world’s first autonomous pods which was launched by the Roads and Transport Authority of Dubai in Dubai, United Arab Emirates February, 28, 2018. Picture taken February, 28, 2018. REUTERS/Satish Kumar DUBAI (Reuters) – Dubai has begun test... More »
FILE PHOTO: Freight trucks are driven on the Fisher freeway in Detroit, Michigan, U.S., March 27, 2009. REUTERS/Rebecca Cook/File Photo SEATTLE/BOCA RATON, Fla. (Reuters) – The drive for cost cuts and higher margins at U.S. trucking and railroad operators is p... More »
A United Parcel Service (UPS) truck on delivery is pictured in downtown Los Angeles, California, U.S., October 29, 2014. REUTERS/Mike Blake/Files SINGAPORE (Reuters) – A recovery in international trade is reviving demand for aircraft once proudly linked to lon... More »
A view shows the scene of an incident involving an armoured personnel carrier which was rammed by a man into a shop window before climbing through the rubble to steal a bottle of wine, in the northern town of Apatity Russia January 10, 2018. Hibinform.Ru/Hando... More »
FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »
SYDNEY (Reuters) – In the grand tradition of Britain’s Boaty McBoatface, Australian authorities are christening one of the ferries crossing Sydney’s world famous harbour Ferry McFerryface, but some union workers aren’t amused. The New South Wales state governm... More »
In the grand tradition of Britain's Boaty McBoatface, Australian authorities are christening one of the ferries crossing Sydney's world famous harbour Ferry McFerryface, but some union workers aren't amused. More »
The U.S. Senate voted Monday to approve a senior Transportation Department nominee and advance another nomination, after Republicans accused Democrats of blocking some nominees to push for funding of a New York area infrastructure project. More »
Puerto Ricans still living largely in darkness 12 days after Hurricane Maria leveled their island reveled in small victories on Sunday in what promises to be a months-long slog back to some semblance of normal life. More »
As the commanders of the largest U.S. warship in Asia seek to maintain operational readiness amid protracted tensions over North Korea, they find themselves keeping one eye on China, too. More »
Lillium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. More »
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. More »
FILE PHOTO: A Hyperloop One test vehicle is transported at a DevLoop track in the Nevada Desert in a photo taken May 12, 2017 and released July 13, 2017. Hyperloop One/Handout via REUTERS By Alex Dobuzinskis Engineers will soon conduct a crucial test of a futu... More »
Port workers are seen in front of a shipping vessel unloading its cargo in the port of Banjul, Gambia June 29, 2017. Picture taken June 29, 2017. REUTERS/Emma Farge Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be... More »
A general view of the scene of an oil tanker explosion in Bahawalpur, Pakistan June 25, 2017. REUTERS/Stringer Pakistan’s oil and gas regulator on Friday ordered a subsidiary of Royal Dutch Shell to pay about 257 million rupees ($2.4 million) in damages and co... More »
FILE PHOTO: Empty Maersk shipping containers are seen stacked at Peel Ports container terminal in Liverpool northern England, December 9, 2016. REUTERS/Phil Noble/File Photo Maersk said it was too early to predict the financial impact of last month’s global Pe... More »
FILE PHOTO – An illustration picture shows a laptop on the screen of an X-ray security scanner, April 7, 2017. REUTERS/Srdjan Zivulovic/Illustration/File Photo A three-month-old ban on taking electronic devices such as laptops onto aircraft cabins on flights f... More »
FILE PHOTO: Passengers wait for check-in U.S. bound flights at a Turkish Airlines counter at Ataturk International airport in Istanbul, Turkey, March 24, 2017. REUTERS/Murad Sezer Turkish Airlines (THYAO.IS) expects a ban on carrying electronic devices in cabi... More »
The Waymo logo is displayed during the company’s unveil of a self-driving Chrysler Pacifica minivan during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. REUTERS/Brendan McDermid Alphabet Inc’s self-driving car unit Way... More »
An Eikon ship-tracking screen shows tanker traffic around Qatar over the last seven days in this June 6, 2017 illustration photo. REUTERS/Thomas White/Illustration Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qa... More »
The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo General Motors (GM.N) said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal... More »
Elaine Chao testifies before a Senate Commerce Science and Transportation Committee confirmation hearing on her nomination to be transportation secretary on Capitol Hill in Washington, U.S., January 11, 2017. REUTERS/Carlos Barria To preserve federal funding f... More »
FILE PHOTO – A satellite antenna is seen on the roof of the Norwegian Airways Boening 737-800 at Berlin Schoenefeld Airport, Germany, April 2, 2015. REUTERS/Pawel Kopczynski/File Photo Norwegian Air Shuttle ASA (NWC.OL) will launch nonstop transatlantic flight... More »
NAmerico Partners LP is proposing a multibillion-dollar pipeline to ferry natural gas from fast-growing fields in West Texas to the Gulf Coast, the company said on Monday, angling to match plans by rivals such as Kinder Morgan Inc (KMI.N). More »
North Dakota oil production will get a shot in the arm next month as a pipeline comes online despite opposition by environmental groups and Native Americans, allowing the energy industry to save at least $540 million in annual shipping costs. More »
At least 25 people were injured on Thursday when eight carriages of a passenger train derailed in northern India, a railway ministry spokesman said, the latest in a series of incidents involving the world’s fourth-largest rail network. More »
Armored troop carriers, belonging to Singapore, are detained at a cargo terminal in Hong Kong, China November 28, 2016. REUTERS/Bobby Yip/File Photo Hong Kong authorities have launched a prosecution against the captain of the ship and shipping agent involved i... More »
At least ten North Korean ships have arrived at a Chinese port after being stranded for the past three weeks following the top global coal consumer’s ban on imports of the fuel from its isolated neighbor, a report said on Friday. More »
Richard LeFrak, President and CEO of LeFrak Organization, answers questions from a reporter during the Reuters Global Real Estate and Infrastructure Summit in New York, June 14, 2010. REUTERS/Keith Bedford A group advising U.S. President Donald Trump on infras... More »
U.S. Secretary of State Rex Tillerson stands during a meeting with Ukrainian Foreign Minister Pavlo Klimkin at the State Department in Washington, U.S., March 7, 2017. REUTERS/Joshua Roberts U.S. Secretary of State Rex Tillerson has recused himself from issues... More »
A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. REUTERS/Mike Blake Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more ... More »
A South Korean health official disinfects a vehicle to prevent spread of bird flu in Pohang, South Korea, December 19, 2016. Choi Chang-ho/News1 via REUTERS South Korea is extending a scheme to subsidize up to half the cost of importing eggs by sea for another... More »
Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion combat jet order more than a decade ago. More »
A drone demonstrates delivery capabilities from the top of a UPS truck during testing in Lithia, Florida, U.S. February 20, 2017. REUTERS/Scott Audette Package delivery company United Parcel Service Inc said on Tuesday it will consider raising prices across th... More »
A strike in the Indian capital by thousands of Uber [UBER.UL] and Ola drivers demanding better pay has paralyzed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their cheaper fares. More »
File Photo: Actor Daniel Radcliffe stands during a ceremony honoring him with a star on the Hollywood Walk of Fame in Hollywood, California November 12, 2015. REUTERS/Danny Moloshok/File Photo “Harry Potter” star Daniel Radcliffe has plenty of stage experience... More »
The Proton-M rocket, carrying the ExoMars 2016 spacecraft to Mars, blasts off from the launchpad at the Baikonur cosmodrome, Kazakhstan, March 14, 2016. REUTERS/Shamil Zhumatov Russia’s space agency said on Wednesday it had ordered extra checks to be made on i... More »
The Sulu Sea between eastern Malaysia and the Philippines has become dangerous for merchant shipping due to rising threat of kidnappings, the International Maritime Bureau (IMB) said on Tuesday. More »
A train derailed in northern India on Wednesday injuring at least 43 people, police and rail officials said, at least the third such accident in recent weeks that has raised concerns about the safety of the ageing rail network. More »
A CRRC worker walks past an unfinished metro train car in the company’s Kunming factory, Yunnan province, April 11, 2016. REUTERS/Brenda Goh Chinese trainmaker CRRC (601766.SS)(1766.HK) plans to build more factories abroad as part of its plan to double sales o... More »
Rescue workers search for survivors at the site of Sunday’s train derailment in Pukhrayan, south of Kanpur city, India November 21, 2016. REUTERS/Jitendra Prakash Indian rescue workers concluded their search of the mangled carriages of a derailed train on Mond... More »
Technical problems have prompted Russia’s space agency to postpone the launch of its next manned Soyuz spaceship to the International Space Station (ISS) which was scheduled for Sept. 23, Russian news agencies reported on Tuesday. More »
A drone, made by CyPhy Works, carries a UPS package on Children’s Island off the coast of Beverly, Massachusetts during UPS’s demonstration of a drone making a commercial delivery of a package to a remote or difficult-to-access location. REUTERS/Brian Snyder U... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo All Hanjin Shipping Co Ltd (117930.KS) chartered vessels that have completed unloading their cargo have been told to can... More »
Shipping containers and cranes are seen at a port holding yard in Melbourne in this June 2, 2010 file photo. REUTERS/Mick Tsikas/Files Chinese and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia’s busiest ... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson A Hanjin Shipping Co Ltd (117930.KS) vessel is finishing unloading in California and scheduled to leave port on Monday, shipping in... More »
Container vessel Hanjin Rome sits in the eastern anchorage area in Singapore September 9, 2016. REUTERS/Edgar Su The collapse of South Korea’s Hanjin Shipping (117930.KS), the world’s seventh-largest container carrier, has disrupted global trade networks and d... More »
Planes are waiting next to Vienna’s International Airport in Schwechat, Austria, March 1, 2016. REUTERS/Leonhard Foeger Data transmission problems that caused the delay or cancellation of dozens of flights on Sunday have been resolved, Vienna Airport said, wit... More »
SINGAPORE/LONDON Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly dashed. Despite recent disruptions and output cuts, there is mounting e... More »
TORONTO TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitrati... More »
HOUSTON The rows of traders who line the massive trading floor at Mercuria Energy Group’s Houston headquarters rely on a string of modern conveniences to execute deals across the globe. But when they’re under the gun to deliver oil fast, they call one person: ... More »
Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday. The Apple Inc-backed fir... More »
NORTH LAS VEGAS, Nev. A car-sized sled powered by electromagnets rocketed to more than 100 miles (160 kph) an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist... More »
CAPE CANAVERAL, Fla. A SpaceX Falcon 9 rocket blasted off from Florida on a NASA cargo run to the International Space Station on Friday, and its reusable main-stage booster landed on an ocean platform minutes later in a dramatic spaceflight first. The successf... More »
TORONTO Canada’s oil-producing province of Alberta, stymied by the U.S. decision to block the Keystone XL pipeline and by other market access problems, said on Friday it will use zeppelins to bring its products to markets around the world. Alberta’s left-leani... More »
JAKARTA Ride-hailing apps Grab and Uber must partner with a transport business and register their cars by the end of May if they want to continue to operate in Southeast Asia’s largest economy, a minister said on Thursday. “Uber, Grab are app companies. If the... More »
SAN FRANCISCO Transportation technology company TransLoc announced on Monday a partnership with Uber, marking a significant advancement in the ride-hailing company’s effort to ally itself with public transit agencies. TransLoc, which builds technology products... More »
Ride-hailing app Lyft Inc, Uber Technologies Inc’s biggest competition in the United States, expects to raise up to $1 billion in a new round of financing, Bloomberg reported citing a Delaware state filing. The document filed by Lyft on Friday evening did not ... More »
DETROIT Ford Motor Co (F.N) on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time. The shift to the 41-year-old plant in Avon Lake, Ohio means that about... More »
NEW YORK U.S. Senator Charles Schumer of New York on Tuesday put forward a plan to pay for a new rail tunnel under the Hudson River linking New Jersey and New York City, following lengthy delays that have left commuters stranded and frustrated in recent weeks.... More »
