CNBC

Uber suffers new blow as EU court rules it's a taxi service

london - Emiratesvoice

Uber is a transportation company, according to a landmark ruling from Europe's highest court. The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe."The service provided by Uber connecting individualsRead more

Qatar’s offer to buy 10 percent

Doha - Emirates Voice

An offer by Qatar Airways to buy 10 percent of American Airlines has been dismissed by the US carrier’s CEO as “confusing” and “ill-conceived.” "It makes no sense. Why an airline we are aggressively fighting would want to take a stake makes no sense,” American Airlines Chairman and CEO, Doug Parker said in an interview with CNBC. Parker said QatarRead more

US economy adds 235,000 new jobs in February

Washington - AFP

The US economy had another strong month of job creation in February, the Labor Department reported -- a result sure to boost already high expectations that the Fed will raise interest rates next week. President Donald Trump's White House also seized on the news as a validation of its economic agenda, though much of this has yet to take shape.Read more

WTO needs 'fine tuning'

Washington - ArabToday

The World Trade Organization is necessary but needs "fine tuning" to improve the dispute settlement procedure between countries, new US Commerce Secretary Wilbur Ross said Friday. In a report released on Wednesday, the Trump administration harshly criticized the WTO, accusing it of being "incapable" of sanctioning unfair trade practices and saying its decisions are not to be binding on theRead more

On weak tech, energy shares

New York - Arab Today

Weakness in energy equities and technology giants Apple and Facebook pushed US stocks lower Friday, cutting into the gains of the prior two sessions. An exception was Twitter, which surged 21.4 percent following reports it is in talks with potential acquirers, including Google and Salesforce.com. The Dow Jones Industrial Average shed 0.7 percent to 18,261.45. The broad-based S&P 500 declinedRead more

Tesla fixes security in Model S after Chinese hack

Washington - Arab Today

A Chinese security team has hacked a Tesla Model S and revealed several vulnerabilities in the luxury electric car, US media reported. CNBC reported on Tuesday that Chinese company Tencent has notified Tesla about the hacks, and that the car company has already put a patch in place to fix the problem. The business news broadcaster said hackers were ableRead more