Business

Lyft Follows Uber's Footsteps, Enters Bike-Sharing Business With Motivate Deal

Lyft Follows Uber's Footsteps, Enters Bike-Sharing Business With Motivate Deal

The ride-hailing company on Monday said it was buying Motivate, which operates bike-rental programs in major US cities, including Citi Bike in NY and Ford GoBike in Lyft's hometown of San Francisco. Lyft bought the company behind Citi Bike. (It is piloting dockless bikes in Minneapolis through Nice Ride.) In other words, Lyft is essentially buying Motivate's infrastructure as well as the legitimacy of its established operating arrangements with cities.



López Obrador wins Mexico's Presidential Election with 53%

All the candidates are lambasting US President Donald Trump's policies against migrants and Mexico, but voters were wondering who could best deal with Trump. Both are free-trade skeptics with populist tendencies who fired up a disgruntled base with anti-establishment campaigns. The peso extended gains after Lopez Obrador's rivals conceded defeat, strengthening around 1 percent against the USA dollar and leading gains among major currencies.


HTC to slash quarter of workforce - Finance - Telco/ISP

HTC to slash quarter of workforce - Finance - Telco/ISP

Losses of Tw$9.8 billion in the last three months of 2017 represented its worst ever quarterly results. As part of the second stage of its global manufacturing optimization strategy, HTC submitted a large number of dismissal notices to the Labor Bureau of Taoyuan City Government on Monday.


Amazon's July 16 Prime Day will spill over into second day

Amazon's July 16 Prime Day will spill over into second day

He told The Business Times (BT) in an interview: "Singapore will enjoy a customised set of benefits, and curated set of deals across products ranging from toys and baby to home and kitchen to electronics". "More than 100 million paid Prime members around the world will find our best Prime Day celebration yet". Every day leading up to July 16, members will discover exclusive offers and deals.