Markets
Uber to begin kicking riders off app who have low ratings
Have a low Uber passenger rating? "While we expect only a small number of riders to ultimately be impacted by ratings-based deactivations, it's the right thing to do". It you misbehave repeatedly while getting a ride from Uber, you could get booted. "Each city has its own minimum threshold which is directly related to the average rider rating in that city", Uber spokesperson Grant Klinzman told ... [Full Article...]
B.C. government to require use of biosimilar drugs
Despite clear evidence to support the use of biosimilars - highly similar versions of biologics that cost anywhere from 25% to 50% less - Canada has a significantly lower use rate for biosimilars compared to other jurisdictions, at approximately 8%. [Full Article...]
Alibaba plans to raise $20 billion in Hong Kong listing
Alibaba is in talks with financial advisors to raise $20 billion via a second listing on the Hong Kong Stock Exchange. According to reports , Alibaba is now working with financial advisers on the planned offering and the listing in Hong Kong may happen by the second half of 2019. [Full Article...]
Devon Energy agrees to sell its Canadian operations for $2.8 billion
All produce raw bitumen crude using steam-assisted gravity drainage technology, where steam is injected into a horizontal well to melt the heavy sticky oil and allow it to drip into a parallel well to be pumped to surface. The deal is expected to close by June 27, but its effective date is January 1, 2019. The company expects to be able to continue to maintain its dividend and share buyback prog... [Full Article...]
European stocks drop as trouble brews between Rome and Brussels
The opening of such a procedure, which needs to be validated by European Union finance ministers, could result in financial sanctions of up to 0.2 percent of Italian GDP, which corresponds to the three billion euros mentioned by Salvini . Hardline Interior Minister Matteo Salvini's League party - who is casting himself as the standard bearer for populist far right in Europe - won the Italian ... [Full Article...]
Huawei’s own ‘Ark’ OS to replace Android won’t be ready till 2020
Here, the difference between the first, Samsung , and the second, Huawei , is just 3.5%, and if the Chinese kept chugging on it, they could've become the world's largest phone maker by the end of the year. All of these trademarks were filed on 24 May 2019. While the company hasn't officially confirmed the name of the operating system, but considering Huawei needs to accelerate the proces... [Full Article...]
Carbon tax expected to cancel out petrol price drop in June - AA
This is according to an Automobile Association (AA), quoting unaudited month-end data released by the Central Energy Fund. In Delhi, petrol now costs Rs 71.86 per litre, up from Rs 71.03 price on May 19. When the carbon tax is added, the increase is larger. "In effect, this means that petrol will decrease by only one cent a litre, while diesel will increase more significantly by around 24 ce... [Full Article...]
Aldi flour recalled for possible E coli contamination
For additional questions about the recall, customers may contact ADM Milling Co. -Consumers should thoroughly wash the containers before using them again. For more information about the safe handling of raw dough made with flour, visit the CDC website . FDA is working to determine whether other brands or lots of flour may be potentially contaminated and need to be recalled. [Full Article...]