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Lyft says all rides will be in electric cars by end of 2030

Bloomberg Lyft Corp. is committing to make 100% of its trips in electric vehicles by the end of 2030. But to get there, it’ll need the support of policymakers and automakers, a robust charging network, and most of all, its drivers’ cooperation. Ride-hailing companies have struggled as governments asked citizens to stay home to manage the spread of Covid-19. Uber ...

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Germany’s fintech star falls after missing billions at Wirecard

Bloomberg Just a month ago, the chief executive officer of Wirecard AG boasted on Twitter that the future would still be bright for the digital payments company when “all the noise and dust settles.” At the time, Markus Braun was a paper billionaire. But over the course of a couple of days, the fintech veteran has been forced to step-down ...

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Ambani nears deal to buy stake in Amazon’s partner

Bloomberg Reliance Industries Ltd. is closing in on a deal that would see it acquire stakes in some units of Future Group, people familiar with the matter said, a move that would bolster the e-commerce ambitions of the conglomerate and its billionaire Chairman Mukesh Ambani. An agreement between Ambani’s Reliance and Future, which already has a partnership with Amazon.com Inc., ...

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