Business

Lyft focuses on aged citizens with feature to book rides by call

Lyft Inc introduced a service on Wednesday that would let users request a ride by call, without needing the app, in a bid to make its ride-hailing service more convenient for senior citizens. Users can call a dedicated phone line and talk to agents to avail the service, with the price provided upfront. The new […]

Business

IATA plans digital travel pass to steer airlines towards recovery

Global airline industry body IATA warned that the outlook for airlines has been weakened recently by tightening coronavirus restrictions but said it was preparing for a travel recovery later this year and would launch a digital travel pass in March. IATA said the sector would continue to bleed cash this year and raised its forecast […]

Business

Exxon to divest some UK, North Sea assets for over $1 billion

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as the oil major seeks to free up cash and focus on some mega projects. The deal includes holdings in 14 producing fields, operated primarily by Shell, as well […]

Business

Running boom to help Puma recover after slow start

“We clearly see a running boom in the whole world,” Chief Executive Bjorn Gulden told journalists, noting that yoga and other outdoor activities are also doing well. He expects the healthy living trend to continue even after the pandemic. Gulden said his optimism is underlined by the fact that orders for 2021 are up almost […]

Business

Turkish court convicts executive, two jet pilots in Ghosn escape trial

A Turkish court convicted an executive of Turkish jet company MNG and two pilots for migrant smuggling over their role in flying former Nissan Motor Co Ltd Chairman Carlos Ghosn out of Japan during his escape to Lebanon just over a year ago. The court sentenced them to four years and two months jail, although […]

Business

Lowe’s backs 2021 slowdown forecast after riding home improvement boom

The home improvement chain and larger rival Home Depot Inc were among the biggest retail winners last year as Americans, who were forced to curtail their spending on travel and leisure activities, poured money into minor remodeling and repair works at their homes. Lowe’s shares fell 3.3% as it stuck by its 2021 outlook of […]

Business

UK’s Lloyds targets wealth push and office cuts after profit drop

Lloyds Banking Group’s outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender’s insurance and wealth business and further cut costs, as the bank resumed a dividend despite a sharp fall in profits for 2020. Britain’s biggest domestic lender reported pretax profits of 1.2 billion pounds ($1.7 billion), well down on 4.4 […]