Business

Fed up with new regulations, Uber poised to leave Quebec

Fed up with new regulations, Uber poised to leave Quebec

The news comes as Uber battles against a decision to strip the company of its London license, the latest regulatory attack on Uber as the new chief executive Dara Khosrowshahi seeks to rebuild the company's image . It's possible that Uber is using the withdrawal as a bargaining chip, hoping that it'll see a repeat of its Austin situation where legislators reverse the regulation.


Oman oil scales 3-year high on firm demand

Oman oil scales 3-year high on firm demand

The growth in USA production has been the biggest impediment to oil prices this year and any slowdown on that front could provide a good lift to prices in the medium term. We have spoken about this distillate dilemma which should be supportive to oil as U.S. shale producers are still cutting back. The recent Independence vote.


Alstom shares advance as Siemens deal draws nearer

Alstom shares advance as Siemens deal draws nearer

A Franco-German deal would also limit competition concerns in Germany compared with a Siemens-Bombardier tie-up - and mean fewer politically hard job cuts, the newspaper said. Le Monde earlier on Friday reported that Siemens' rail and signaling assets would be valued at about 7 billion euros (US$8.37 billion) and Alstom would issue new shares to Siemens as part of the transaction.


Price comparison site comes under fire for overcharging

Price comparison site comes under fire for overcharging

Price comparison websites offer best buy tables and, increasingly, automated switching services that do not charge a fee to consumers. The CMA has launched an investigation into Compare the Market which it believes could be quoting higher home insurance prices because of commercial arrangements with insurance companies.


Dyson Says It Is Developing Electric Car

Dyson Says It Is Developing Electric Car

The vehicle will be unveiled in 2020, and Dyson says it already has a team "over 400 strong" working on the project. Dyson is not working with any existing manufacturers on the project, planning to build the auto from scratch. That's why they're combining the efforts of a variety of their teams, and expertise built to create their other consumer products in one effort to develop this battery electric vehicle.


Dubai tests drone taxi service

Dubai tests drone taxi service

By GCR Staff0 CommentsDubai's plans to launch a self-driving airborne taxi service have moved a step closer with the maiden flight of the Autonomous Air Taxi (AAT), which takes the form of an electrically powered, 18-rotor "Volocopter". The AAT measures about two meters in height, and the diameter of the rotor rim, including propellers, is just over seven meters. Safety features for the two-seater air taxi include emergency parachutes and nine independent battery systems, according to ...