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Uber Technologies Inc reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership, assuaging investor concerns that rising inflation would damp consumer spending. The shares jumped about 6% in early trading. Third-quarter sales jumped 72% to $8.34 billion, the San Francisco-based company said on Tuesday in a statement. That exceeded the $8.1 billion ...

UK house prices fall the most since the start of the pandemic in October as political and market turmoil sent shock waves through the property market. The average value of a home dropped 0.9% to £268,282 ($309,500), the Nationwide Building Society (NBS) said on Tuesday. It was the largest decline since June 2020 and much sharper than the 0.3% reduction ...

Dubai / WAM  The inaugural launch of the Mohammed Bin Rashid Space Centre’s (MBRSC’s) Rashid Rover is now scheduled no earlier than November 22. This updated target launch date is provided by the launch partners. Built by innovative Emirati minds, the rover will be launched on SpaceX Falcon 9 rocket from the Space Launch Complex 40 at Cape Canaveral Space ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) announced on Monday, it has set a new Upstream Methane Intensity target of 0.15 percent by 2025. The new target is the lowest in the Middle East, reinforcing Adnoc’s status as a leader in the responsible production of lower carbon energy. Adnoc’s 0.15 percent methane intensity target means Adnoc will ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of Kyrgyzstan, Sadyr Japarov, attended the exchange of several memoranda of understanding (MoUs) and agreements between the UAE and Kyrgyzstan to enhance cooperation in various fields. The MoUs and agreements exchanged between the two sides at Al Shati Palace included the following: An MoU ...

Bloomberg Ukraine warned of widespread blackouts after a massive wave of Russian missile attacks on Monday damaged power and water supplies across the country including in the capital Kyiv. The Kremlin meanwhile warned that grain shipments would be “much riskier and more dangerous” after it pulled out of a deal allowing Ukrainian exports from Black Sea ports following an attack ...

A handful of very tight races will determine control of the US Senate with the result unclear just days before the midterm elections. A New York Times/Siena College poll released Monday shows Democratic candidates ahead by slim margins in Georgia and Pennsylvania and tied with the Republican challenger in Nevada. Only the Arizona race shows a more comfortable lead for ...

Luiz Inacio Lula da Silva won Brazil’s presidential election in a dramatic comeback for the left-wing politician who was languishing in a jail cell for corruption just three years ago. He defeated the incumbent Jair Bolsonaro with 50.9% to 49.1% of the votes in Sunday’s runoff, according to the official tally. The outcome signals a change in direction for Latin ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that the entity had added 300 megawatts of photovoltaic solar energy in 2022 from the 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park using the Independent Power Producer (IPP) model. The solar park ...

Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, on Monday added Kuwait City to its ever-expanding network, its fifth key destination in the Gulf region. The new route will strengthen connectivity within the GCC by providing an alternative ultra-low fare travel option for passengers between the two Gulf countries. This falls in ...