Parliamentarians are entitled to a good salary and pension benefits, but luxuries have no place in the current economic climate, writes Melanie Verwoerd.
Uber, which was the biggest of the unicorns and had hoped for a valuation of $100bn, is worth around half that now, and its shares have skidded some 30% since its initial public offering in May.
Investors could get their first look at hundreds of pages of detailed information about Uber Technologies as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering.
Lyft has filed documents for its stock offering, racing ahead of ride-sharing rival Uber for a Wall Street listing that sets the stage for a series of big venture-backed tech firms to hit public markets.
Former Formula 1 world champion Nico Rosberg says he has no regrets about leaving the big league of auto racing, embracing his new life as an investor driving action on climate change.
Uber made a move into electric scooters Monday, as the ride-service giant agreed to a strategic partnership with Lime, one of the major players in the fast-growing segment.
Ford says it's working to integrate its autonomous cars with Lyft's ride-hailing software so someday Ford can carry Lyft passengers.
Ride-hailing service Lyft carried more passengers through June this year than it did in all of last year as it benefited from rival Uber's missteps
Uber plunged immediately at the opening of trading, falling as much as 8.8% from its IPO price of $45 per share, a level that was already at the low end of bankers’ expectations.
Shares of Lyft opened trading at $87.24 on Nasdaq, surging 21% from its IPO price as investors grabbed stock in the money-losing ride-hailing company.
Automakers Daimler, parent company of Mercedes-Benz, and BMW are formally launching their joint venture in services that make it possible to use their cars without necessarily owning one.
Ride-hailing company Lyft is teaming-up with mobility tech firm Aptiv to launch a public autonomous vehicle service.
US ridesharing giant Lyft says it is acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation.
A bitter fight over control of Uber has intensified in recent days with warring factions battling over the future role, if any, of ousted chief executive Travis Kalanick at the global rideshare titan.
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