Chinese ride-sharing giant Didi Chuxing will take over the China operations of its US rival Uber, it said Monday, ending a ferocious battle for market share that cost both firms billions.
In exchange for the Uber China assets, Uber and its Chinese partners will receive shares equivalent to 20 percent of Didi Chuxing, a statement said.
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Thousands of people faced flight cancellations in France on Sunday, the fifth day of a strike by Air France flight crew at the height of the holiday travel period, the airline said.
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New Delhi was working Sunday to feed more than 10,000 Indian laborers stranded in the Gulf with no wages after losing their jobs, in what Foreign Minister Sushma Swaraj called a "food crisis."
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France's already-battered tourism industry took a further hit in late July during what should have been the height of the season as foreign visitors stayed away after 84 people were killed in Nice on Bastille Day.
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Luis Lag is one of thousands of Spaniards who went abroad during the crisis. This "very good decision" allowed him to find a better job when he eventually came back.
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French advertising giant Publicis put the chairman of its Saatchi & Saatchi advertising agency on leave on Saturday, after he said the debate on gender bias in the industry was "all over."
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U.S. regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant's dealings with the 1MDB Malaysian state investment fund, a source close to the probe told Agence France Presse on Friday.
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China's Fosun on Saturday signed an agreement to acquire Brazil-based investment management firm Rio Bravo, according to a statement, just a day after the Chinese conglomerate announced another massive overseas deal.
Fosun, which has interests ranging from property to mining, said it will buy the controlling share of privately-owned Rio Bravo Investimentos, but did not give a value for the deal. Fosun did not immediately respond to request for comment.
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Profits at London property agency Foxtons slumped 42 percent in the first half of 2016, a sharp fall the company on Friday attributed to uncertainty around Britain's EU membership referendum.
Foxtons' pre-tax profits fell from £18.1 million (21.5 million euros, $23.8 million) in the first six months of the year, the company said.
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Shares in Monte Paschi di Siena (BMPS) soared on the Milan stock exchange Friday, boosted by a possible new lifeline tabled by a veteran Italian banker and Swiss giant UBS.
The stock of BMPS, the world's oldest bank which has become the eurozone banking sector's problem child, rose over 10 percent at the opening on news of the plan, which could turn out to be a welcome alternative to drastic restructuring measures demanded by the European Central Bank.
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