The largest ride-hailing and food delivery company in Southeast Asia, Grab Holdings Ltd., said on Tuesday that as it moves faster toward profitability, it expects to break even on adjusted EBITDA by the second half of 2024.   For the second half of 2022, its group adjusted EBITDA loss is...

According to a source directly involved in the transaction, India's Byju's paid Blackstone Inc. $234 million to settle its debts owed to the private equity firm as part of a $950 million deal to purchase Aakash Educational.   The payment made on Thursday was for a 38% or so stake in the...

Credit Suisse's top two executives have informed staff that the bank is working to build a stronger franchise in the long term, amid uncertainty regarding a global review of its operations, according to a memo quoted by reports in the media.   A "heightened level of media and market...

Blackstone Inc. will sell a stake in Embassy Office Parks REIT, India's largest real estate investment trust, for up to $400 million through block deals on the Indian stock exchange, according to a report published by Reuters quoting sources familiar with the situation.   One of the sources...

As TikTok's market share grows, YouTube unveiled a new way for creators to monetize short-form video.   The streaming service, which is owned by Google, revealed on Tuesday that it would start running ads on its video feature Shorts and give video producers 45 per cent of the money. This...

Ford Motor Company issued a warning to investors that it expects third-quarter costs to increase by $1 billion as a result of supply chain problems and inflation.   About 40,000 to 45,000 vehicles, mostly high-margin trucks and SUVs that haven't been able to reach dealers, are affected by...

According to Uber Technologies Inc., a hacker associated with the Lapsus$ hacking group was behind the cyberattack that temporarily forced the ride-hailing company to halt several internal communications last week.   According to Uber, the attacker did not gain access to any user accounts or...

Loop Energy, a manufacturer of hydrogen fuel cells, claimed on Sunday that, at the current price point, its most recent cell system can provide better fuel efficiency than a diesel engine.   According to the Burnaby, British Columbia-based company, a truck could travel just over 111 miles...

In what will be the second-largest initial public offering (IPO) in Germany's history, Volkswagen said on Sunday that it aims to value Porsche at up to 75 billion euros ($75.1 billion).   According to the automaker, Volkswagen will value its preferred shares at between 70 and 75 billion...

FedEx Corp withdrew its financial forecast issued just three months ago on Thursday, citing a global demand slowdown that accelerated at the end of August and was expected to worsen in the November quarter.   Shares of the global delivery company fell more than 16 per cent after it reported...

Tesla is rethinking how it sells electric vehicles in China, its second-largest market, and is considering closing some showrooms in flashy malls in cities like Beijing, where traffic was reduced due to COVID restrictions, according to two people familiar with the plans.   The shift would...