Bloomberg Hurricane Ida gained power rapidly on Sunday as it crossed the Gulf of Mexico on its way to smashing into Louisiana, threatening to unleash mass flooding and destruction in New Orleans. The Category 4 hurricane has top winds of 150 miles (241 kilometres) per hour, the National Hurricane Center said at 7 am local time. Only two other storms ...

Bloomberg Uber Technologies Inc is suffering from an exodus of UK drivers to other ride-hailing and delivery apps, leading to longer waiting times and frustrated customers. The App Drivers and Couriers Union found that 49% of drivers in a survey of 1,212 members switched to other sources of income in the last 18 months. Drivers who spoke to Bloomberg News ...

Bloomberg Watch out for the fate of Europe’s small import-export exposed businesses, as chaos in global supply chains continues to hurt that corner of the continent’s economy. The cost of hauling 40-foot boxloads of goods to Rotterdam from Shanghai surged to $13,787 per unit, according to Drewry Shipping. The average at this time of year over the prior five years ...