LOS ANGELES, Aug. 17, 2022 /PRNewswire/ — The Los Angeles County Metropolitan Transportation Authority (Metro) approved a bold initiative to pioneer a multi-year transit ambassador program throughout its bus and rail system. Metro is contracting with Strive, a reputable and experienced wellness and community health partner, to implement and manage a diverse team of transit… Continue reading LA Metro Partners with Strive Well-Being Inc. for Innovative Transit Ambassador Program as a Strategy to Improve the Customer Experience, Increase Ridership, and Reinforce Public Safety
Category: Automotive
ZIM Reports Financial Results for the Second Quarter of 2022
Recorded Q2 2022 Net Income of $1.34 Billion; Continued to Deliver Very Strong Operating Margins Reaffirmed 2022 Full Year Guidance: Expect to Generate Record Adjusted EBITDA[1] of $7.8-$8.2 Billion and Adjusted EBIT of $6.3-$6.7 Billion Increased Quarterly Dividend Payout to 30% of Net Income; Declared Q2 2022 Dividend of Approximately $571 million, or of $4.75… Continue reading ZIM Reports Financial Results for the Second Quarter of 2022
Smart Ports Global Market to Reach $4.37 Billion by 2026 at a CAGR of 25.1%
DUBLIN, Aug. 17, 2022 /PRNewswire/ — The “Smart Ports Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering. The global smart ports market is expected to grow from $1.43 billion in 2021 to $1.78 billion in 2022 at a compound annual growth rate (CAGR) of 24.3%. The smart ports market is expected to grow… Continue reading Smart Ports Global Market to Reach $4.37 Billion by 2026 at a CAGR of 25.1%
Global Hostel Market to Reach $8.89 Billion by 2027
DUBLIN, Aug. 17, 2022 /PRNewswire/ — The “Global Hostel Market: Analysis By Booking Channel (Online Travel Agencies (OTAs), Offline Intermediaries, Offline Direct, Hostel Websites), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering. A hostel is a type of low-cost, short-term shared convivial lodging… Continue reading Global Hostel Market to Reach $8.89 Billion by 2027
BEST Inc. Announces Unaudited Second Quarter 2022 Financial Results
HANGZHOU, China, Aug. 17, 2022 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia (“SEA”), today announced its unaudited financial results for the second quarter ended June 30, 2022. Johnny Chou, Founder, Chairman and CEO of BEST, commented, “The… Continue reading BEST Inc. Announces Unaudited Second Quarter 2022 Financial Results
Lyft announces new battle plan in the autonomous vehicle race
Motional Lyft is planning to deploy a massive driverless car fleet beginning in 2023. In anticipation of that milestone the company, which has partnered with self-driving car developer Motional, is updating its existing robotaxi service in Las Vegas with brand new all-electric models. The IONIQ-5 vehicles, developed by Motional atop a Hyundai platform, provide L4… Continue reading Lyft announces new battle plan in the autonomous vehicle race
India: Stride Ventures hits final close of second debt fund at $200mThe fund — Stride Ventures India Fund II — reached its first close in August last …
Venture debt firm Stride Ventures, an investor in unicorns such as MyGlamm, Upstox, MensaBrands, and CredAvenue (now Yubi), on Wednesday announced that its second fund has secured a final close of $200 million. The fund — Stride Ventures India Fund II — secured its first close of Rs550 crore in August last year within two… Continue reading India: Stride Ventures hits final close of second debt fund at $200mThe fund — Stride Ventures India Fund II — reached its first close in August last …
Tencent reports first revenue drop as China clamps down on game approvalsNet profit attributable to equity holders tumbled 56% to 18.6b yuan.
China’s Tencent Holdings suffered its first-ever quarterly sales fall on Wednesday, hurt by a government clampdown on game approvals and playing time as well as COVID-19 lockdowns and a weakening economy that squeezed ad sales. The contraction marks a nadir for the gaming giant and owner of the WeChat messaging platform which has reported double-digit growth almost… Continue reading Tencent reports first revenue drop as China clamps down on game approvalsNet profit attributable to equity holders tumbled 56% to 18.6b yuan.
Canada’s OTPP to acquire Everstone’s stake in India’s Sahyadri Hospitals
Canada’s Ontario Teachers’ Pension Plan (OTPP) on Wednesday said it has entered into an agreement to acquire a significant majority stake in Sahyadri Hospitals Group from the Everstone Group, an India- and Southeast Asia-focused private equity and real estate investment firm. The acquisition marks OTPP’s first control private equity buyout in India, and fourth major… Continue reading Canada’s OTPP to acquire Everstone’s stake in India’s Sahyadri Hospitals
Singapore’s Crypto.com gets regulatory nod in the UK
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Crypto.com joined the Financial Conduct Authority’s (FCA) register, which means it has approval to offer crypto asset services and products to customers in the United Kingdom. The UK is a “strategically important market for us”, said Crypto.com CEO Kris Marszalek, citing… Continue reading Singapore’s Crypto.com gets regulatory nod in the UK