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Record demand for Uber outstrips supply of drivers

Uber’s total bookings including food delivery and passenger services reached an all-time high last month.

United-states , United-kingdom , San-francisco , California , Francisco-uber , Walgreens , Supreme-court , Uber-technologies-inc , March-uber-eats , San-francisco-uber , Economy

Microsoft to buy Nuance in $19.7bn bet on healthcare AI

Purchase of Nuance Communications would mark Microsoft’s largest acquisition since LinkedIn.

Boston , Massachusetts , United-states , Washington , Bill-gates , Mark-benjamin , Anurag-rana , Thoma-bravo-kofax , Google , Bloomberg , Linkedin , Zenimax-media-inc

BinDawood is shaking up business as usual in Saudi Arabia

For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.
As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.

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'No one cares': Lebanon's financial crisis and domestic workers | Business and Economy News

Beirut, Lebanon – Sabrina, a Bangladeshi domestic worker, is barely 127cm (4 feet 2 inches) tall and extremely thin. Her shoulder blades protruded from under her clothing as she scrubbed the floor in a house she is employed in. She looks ill and yet she works long hours for meagre pay to earn a living.
Sabrina arrived in Lebanon more than 10 years ago in search of work. Bangladesh, a developing country, had too many mouths to feed and too few job opportunities.
The move to Lebanon paid off. The Lebanese currency was pegged to the dollar at the rate of 1,500 pounds back in 1997 and used interchangeably on that basis. Sabrina would earn in dollars, save, and send her remittances back home where her family would convert the dollars into Bangladeshi takas and pay their expenses.

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Top Senate Republican slams corporate activism over Georgia law

Senate Minority Leader Mitch McConnell on Monday warned corporations of “serious consequences” if they use their economic power in support of what he described as far-left causes, including opposition to a new voting law in Georgia.
“From election law to environmentalism to radical social agendas to the Second Amendment, parts of the private sector keep dabbling in behaving like a woke parallel government,” McConnell said. “Corporations will invite serious consequences if they become a vehicle for far-left mobs to hijack our country from outside the constitutional order.”
McConnell’s rebuke comes as a number of corporations, including Delta Air Lines Inc. and the Coca-Cola Co., have criticized Georgia’s new election law. Major League Baseball moved its All-Star Game from Atlanta, a move endorsed by President Joe Biden.

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Rivian Fuels Home Buying, Building Surge in B-N

Eric Stock
/ WGLT
Rivian's announcement that it plans to hire 1,800 workers at its electric vehicle plant in Normal by the end of the year has real estate agents and homebuilders scrambling to make sure there are enough places for those workers to live in Bloomington-Normal.
Tom Armstrong owns Armstrong Builders in Bloomington. He has seen the good times and the bad in the housing market. Over the last decade, it's been mostly bad.
An entrance to The Grove near Benjamin Elementary School.
Credit WGLT file photo
“There’s been a few times during these last couple of years where I questioned whether or not I should be doing what I do,” Armstrong conceded.

Bloomington , Illinois , United-states , Champaign , Mclean-county , Rachel-bedeker , Greg-zavitz , Tom-armstrong , Armstrong-builders , Grove-subdivision , Realtor-greg-zavitz

New IMF reserves could fund vaccines in poor nations: Rockefeller

G20 is expected this week to back $650bn in new IMF allocations to help countries cope with COVID-19 pandemic.

International-monetary-fund , World-bank , Rockefeller-foundation , Debt-service-suspension-initiative , Drawing-rights , Service-suspension-initiative , Growth-trust , Economy , News , Business-and-economy , Coronavirus-pandemic

Japan Airlines to retire 777 planes with Pratt & Whitney engines | Aviation News

Japan Airlines’ move comes a year earlier than planned, follows United Airlines incident involving

East-hartford , Connecticut , United-states , Japan , Tokyo , South-korea , San-francisco , California , Japanese , Boeing , United-airlines

US auto group warns of chip shortage, asks government for help

The group wants the US government to allocate funds for chip makers to expand production to cater to the auto sector.

Georgia , United-states , American , John-bozzella , Joe-biden , Kia-motors , Hyundai-motor-co , Us-commerce-department , Alliance-for-auto-innovation , Ford-motor-co , Toyota-motor-corp , Motors-co

Lebanon's ancient Roman Baalbek temples reborn | Business and Economy News

Beirut, Lebanon – Located in Lebanon’s Bekaa Valley, Baalbek – also known in antiquity as Heliopolis – is a UNESCO World Heritage site, home to some of the largest and most impressive Roman temple ruins in the world.
A newly launched virtual tour, Baalbek Reborn: Temples, offers visitors from around the world the opportunity to see these awesome feats of ancient architecture and engineering, not only as they are today, but also as they would have been more than 2,000 years ago.
“There’s just something very special about the place,” Henning Burwitz, a building historian and architect with the German Archaeological Institute (DAI), told Al Jazeera.

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