Didi Chuxing Raises $500 Million From SoftBank-Led Group

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Didi Chuxing Raises $500 Million From SoftBank-Led Group

Didi Chuxing, the Chinese ride-hailing service, said it has raised $500 million for its autonomous vehicle business from an investment group led by Japanese conglomerate SoftBank. The investment will help advance the development and eventual …
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Want To Know How Nevada Sports Betting Did In April? You're Not Alone

It’s the end of the month, which normally brings a monthly breakdown of Nevada sports betting handle and revenue. Not this month, it appears. Nevada casinos were closed during April because of the coronavirus pandemic. That means all the Nevada …
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Wells Fargo CEO Says Crisis Makes Staying Under Asset Cap Harder

It “hasn’t been easy” for Wells Fargo & Co. to operate under an asset cap as the bank faces a flurry of deposits and credit-line draws tied to the coronavirus pandemic, Chief Executive Officer Charlie Scharf said. The San Francisco-based lender has had to take …
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Employers to start paying share of furlough scheme

Chancellor Rishi Sunak has set out how employers will have to start sharing the cost of the Coronavirus Job Retention Scheme. From August they will have to pay National Insurance and pension contributions, and then 10% of pay from September, rising to …
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Food delivery apps: Should you use them?

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Food delivery apps are becoming increasingly controversial, as some restaurants around the country blame third-party apps for running them out of business with …
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