Sunday, October 20

Tag: on-demand economy services

Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line
26Dec By adminNo Comments
World

Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line

Updated Dec. 26, 2023 12:04 am ETMILAN—Finding a taxi in Italy’s financial capital when it is raining involves long lines and patience. During trade fairs and fashion shows it is even harder: Demand surges but the number of taxis stays the same.Even on sunny days, there are lines of suitcase-laden travelers searching forlornly for a taxi at airports and train stations around Italy. Many locals don’t even bother trying. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Uber, Jabil, Builders FirstSource to Join S&P 500
3Dec By adminNo Comments
Money

Uber, Jabil, Builders FirstSource to Join S&P 500

Uber Technologies, Jabil and Builders FirstSource will join the S&P 500, S&P Global said Friday.The three will replace Sealed Air, Alaska Air Group and SolarEdge Technologies in the index, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Deliveroo Targets Stronger GTV Growth Over Longer Term; Backs Guidance
29Nov By adminNo Comments
World

Deliveroo Targets Stronger GTV Growth Over Longer Term; Backs Guidance

Deliveroo set out a plan to grow gross transaction value in the mid-teens percentage a year over the longer term and backed its guidance for 2023 ahead of its capital markets day.The U.K. food-delivery company reiterated that is aiming to deliver lower single-digits percentage GTV growth in constant currency this year and adjusted earnings before interest, taxes, depreciation and amortization in the range of 60 million pounds to 80 million pounds ($76.2 million-$101.6 million).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto & Transport Roundup: Market Talk
23Oct By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0657 GMT – Gojek’s surprise move to lower driver commission rates in Singapore to 10% from 15% starting Nov. 1 may indicate that it is facing a more severe driver shortage than its rivals, CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan say in a note. Gojek will also impose a transaction fee for passengers on noncash payments. The commission cut could push Gojek parent GoTo’s timeline of reaching breakeven by 4Q further out, the analysts say. The move could also intensify competition in Singapore’s ride-hailing market, CGS-CIMB says. If this happens, the brokerage sees a slight negative impact on peer Grab, and a minimal effect on ComfortDelGro a...
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Visa, Mastercard Want a Slice of Africa’s Mobile Money
19Oct By adminNo Comments
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Updated Oct. 19, 2023 12:01 am ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Visa, Mastercard Want a Slice of Africa’s Mobile Money
19Oct By adminNo Comments
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Oct. 18, 2023 11:00 pm ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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