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Uber Technologies suffers setback in EU

Bloomberg Uber Technologies Inc. suffered another setback in the European Union after an adviser to the bloc’s top court backed a French law that led to sanctions for top managers in the country. EU nations “may prohibit and punish the illegal exercise of a transport activity such as UberPop without having to notify the” European Commission of the draft law, ...

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SUVs save the day again as total US car demand softens

Bloomberg June US sales show automakers are still selling lots of expensive trucks and sport utility vehicles, a bright spot that’s rescuing profitability in a market forecast to decline from last year’s record sales. Deliveries of Toyota Motor Corp.’s RAV4 spiked 25 percent, while Honda Motor Co.’s HR-V saw a 35 percent gain, according to Autodata Corp. Toyota, Honda and ...

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UAE says still awaiting Qatar response to Arab demands

Reuters­­­­ / Bloomberg United Arab Emirates foreign minister His Highness Sheikh Abdullah bin Zayed Al Nahyan said on Tuesday that Arab countries boycotting Qatar over its support for terrorism were still awaiting a response to their demands via mediator Kuwait. Saudi Arabia, the UAE, Bahrain and Egypt are pressing Qatar to shut its Al Jazeera news TV station and scale ...

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