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Taxi service Uber reported a net loss decrease in 2018 by 26.6% to 3 billion 300 million dollars. In the fourth quarter, the company managed to reduce its net loss by 19% to $865 million. Quarterly revenue reached $2 billion 20 million, an increase of 25% from the same quarter a year earlier. The volume of food delivered by the company outside of China jumped by 31%, reaching $14 billion 200 million. Uber is planning an initial public offering of its shares. Therefore, the company publishes financial statements for the last few quarters, although, as a non-public company, Uber is not obliged to publish them.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
On Thursday, Gap Inc. (GPS.N) recorded its first-quarter loss of nearly $1 billion as the retail clothing company was forced to shut its stores due to the coronavirus pandemic. Gap’s shares were down by 8% after the extended session. According ...
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