ions of a culture of sexism and bullying at Uber and US Department of Justice investigations. After a series of embarrassments, Kalanick was forced to res
ign in 2017 by a group of investors. Uber then hired Khosrowshahi to lead the company.
Uber has said it has the potential to grow not just in the cab hailing business, but also as a “sup
erapp” to provide logistic services, such as grocery and food delivery, organizing freight tra
nsportation, and even financial services, much like Grab, its Southeast Asian counterpart.
But market experts have struggled to find value in a company that has consistently posted los
ses, and warned that it may never be profitable. “The business is unprofitable, new entrants can enter the ma
rket, there is potential regulatory risk, and it is very price sensitive. What is there to like about this opportunity?” Ro
bert Johnson, professor of finance at Heider College of Business, Creighton University in Omaha, Nebraska said.
More than 2.5 million tourists visited West Lake in Zhejiang province over the May Day holiday.
What caught the attention of many of them was the presence of a team of eight intern
ational students, all wearing yellow vests and Bluetooth headsets, and riding electric scooters.
The eight were studying in Hangzhou, Zhejiang’s provincial capital. They are the first internatio
nal volunteer team serving at the famous spot, which was listed as a UNESCO World Heritage Site in 2011.
The foreign volunteers are from India, Mongolia, Banglade
sh, Indonesia, Democratic Republic of Congo, Ethiopia, Tanzania and Yemen.
“As Hangzhou is seeing an increasing number of individual travelers from abroad followin
g the 2016 G20 Summit … we have been considering how to diversify our volunteer forces during h
olidays and peak seasons for years,” said Liu Jian, director of the volunteer program.
convicted of incitement to commit public nuisance.
Judge Johnny Chan Jong-herng handed down the verdicts. The court will h
ear defendants’ petition in the afternoon. The date for sentencing has not yet been revealed.
According to the Crimes Ordinance and the Criminal Procedure Ordinance, each charge carries up to seven years’ imprisonment.
The illegal Occupy protests saw massive sit-ins on Tim Mei Avenue and Fenwick Pier Street – major thoroughfares linking Wan Cha
i and Central – between Sept 28 and Dec 11 of 2014. It put the city in a standstill for 79 days.
China will lower the tax rates on a range of goods brought or mailed b
y individuals into the country, including food, medicines, textiles and information technol
ogy products, the Customs Tariff Commission of the State Council announced Monday.
Starting Tuesday, the tax rate on inbound articles included on the No 1 taxable
item list, which includes books, computers, food, furniture and medicines, will be reduc
ed to 13 percent from the previous 15 percent, the commission said in an online statement.
Some medicines that are currently subject to a 3-percent import value-added tax r
ate, including anti-cancer drugs and medicines for rare diseases, will enjoy favorable tax rate.
Lagos–Kano standard gauge project, the first standard gauge railway in Nigeria and West A
frica, was officially inaugurated and started commercial operation on July 26, 2016.
The railway, constructed by China Civil Engineering Construction Corporation, is the first overseas railway fully adopting the Chinese r
ailway standard. Spanning 186.5 kilometers, it alleviates traffic tension, improves the investment envir
onment and promotes the coordinated development of regional economy and society.
By Jan 11, the train service had delivered 1.23 million passengers and had safely operated for 900 days without any major accident recorded since its inception.
The China-funded Colombo Port City, the largest project between C
hina and Sri Lanka under the Belt and Road Initiative, completed land reclamation of 269 hectares in January.
In addition, hydro-structure construction will be completed by the middle
of this year. The port city’s municipal facilities construction is expected to be completed in J
uly 2020. At the same time, investment promotion of the city is also being carried out.