November 6, 2020 - Biz in 60

Business in 60 Seconds

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November 6, 2020 - Biz in 60

Business in 60 Seconds

Ride-hailing firm Uber posts $1.1B loss in third quarter Uber has reported a net loss of 1-point-1 billion dollars in the third quarter, as the pandemic continues to impact travel and commuting. But the figure has improved on a loss of 1-point-8 billion dollars in the previous quarter, thanks to Uber's booming food delivery business. Earlier this week, the ride-hailing firm won a key vote to keep its drivers as contractors in California. All Blacks in talks with private equity investors The New Zealand national rugby team is up for sale as it struggles with the financial impact of the coronavirus crisis. The All Blacks entered talks with private equity investors after burning through half of their 56 million dollar cash reserves during the pandemic. The All Blacks are three-time world champions and are the most valuable brand in rugby. Luxury carmaker Bentley to go fully electric by 2030 Bentley has pledged to go fully electric by 2030, as the auto industry adapts to tighter emissions limits in Europe and China. The British firm says it will offer only hybrid cars by 2026 and switch its entire line-up to fully-electric vehicles four years later. Bentley also wants to make its operations carbon neutral.
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Ride-hailing firm Uber posts $1.1B loss in third quarter Uber has reported a net loss of 1-point-1 billion dollars in the third quarter, as the pandemic continues to impact travel and commuting. But the figure has improved on a loss of 1-point-8 billion dollars in the previous quarter, thanks to Uber's booming food delivery business. Earlier this week, the ride-hailing firm won a key vote to keep its drivers as contractors in California. All Blacks in talks with private equity investors The New Zealand national rugby team is up for sale as it struggles with the financial impact of the coronavirus crisis. The All Blacks entered talks with private equity investors after burning through half of their 56 million dollar cash reserves during the pandemic. The All Blacks are three-time world champions and are the most valuable brand in rugby. Luxury carmaker Bentley to go fully electric by 2030 Bentley has pledged to go fully electric by 2030, as the auto industry adapts to tighter emissions limits in Europe and China. The British firm says it will offer only hybrid cars by 2026 and switch its entire line-up to fully-electric vehicles four years later. Bentley also wants to make its operations carbon neutral.
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