Tuesday , 20 January 2026

Uber’s hacking mess another setback to turnaround effort

Bloomberg The appointment of Dara Khosrowshahi as head of Uber Technologies Inc. this summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the co-founder. Somehow, the new chief executive officer keeps finding more …

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Black Friday sales gain importance in UK

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of …

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Uber faces another irate UK regulator

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, …

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Germany urges SPD to bow to call for Merkel pact

Bloomberg Pressure is mounting on Germany’s Social Democrats to join Chancellor Angela Merkel in a revived alliance and end the impasse threatening political stability in Europe’s largest economy. While Merkel has publicly stated she’s open to another election, her backers are betting that the SPD will abandon its aversion to a rerun of the “grand coalition,” according to people familiar …

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Terror state title spurs faith in nukes: N Korea

Bloomberg US President Donald Trump’s designation of North Korea as a state sponsor of terrorism is a severe provocation that reminds the country it should keep hold of its “precious nuclear sword,” the nation’s foreign ministry said through its official Korean Central News Agency. In the Korean language statement on Wednesday, Pyongyang said it opposed any form of support for …

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Mosque attack kills 50 in Northeast Nigeria

Bloomberg At least 50 people were killed in a suicide blast in a northeastern Nigerian town, the deadliest mosque bombing in three years by suspected Boko Haram militants. The teenage male assailant entered a mosque in the town of Mubi strapped with improvised explosives and detonated them as people gathered at dawn for prayers, Adam-awa state police spokesman Othman Abubakar …

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Zimbabwe’s Mnangagwa turns improbable saviour of nation

Bloomberg Zimbabwe is turning its weary eyes to Emmerson Mnangagwa, the man known as the crocodile who was Robert Mugabe’s right-hand man for much of his 37-year rule. The former spy chief, who’s due to be inaugurated as interim president, has signalled he’d move to woo investors from Asia and the west to help rebuild a shattered economy. But he …

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China’s top economic risk may be education

Chinese President Xi Jinping recently laid out a bold vision for transforming his country into a fully developed economy by 2050, with a particular emphasis on spurring innovation and technology. Given China’s current level of human capital — and some looming changes in the world economy — that may be harder than he expects. A widely held view in the …

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Facebook looks in mirror and sees Tencent staring back

Facebook and China’s Tencent are entrenched among the global technology elite, and they are more alike than at first glance. Yes, the two companies are quite different businesses. Facebook Inc. makes nearly all of its $36 billion in annual revenue from selling advertising to companies eager to reach the 2 billion people who use its internet hangouts each month. Tencent …

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