Uber (NYSE: UBER) has confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made up of three representatives…
Category: Auto
Carbon emissions per passenger decrease more than 50% since 1990
The International Air Transport Association (IATA) published information confirming that carbon emissions per passenger have declined by more than 50% since 1990. Much of the improvement has occurred because the industry has achieved an annual fuel efficiency improvement of 2.3% over the period since 2009, some 0.8 percentage points ahead of target. This progress is…
IATA to Improve Efficiency of Cargo Handling Audits
The International Air Transport Association (IATA) has launched a new programme to raise global standards in cargo handling operations. The Smart Facility Operational Capacity (SFOC) programme aims to reduce audit complexity and duplication for cargo handling facilities. This new IATA initiative has two components: Standardised Global Audit Program: IATA has introduced the Smart Facility Operational Capacity…
Emirates reveals what passengers viewership trends on ice
Emirates carried approximately 16 million passengers over summer, from June to August, and 75% of these customers highly rated their inflight entertainment experience -according to Emirates’ inflight survey. With an entertainment catalogue that boasts up to 4,500 channels, customers are spoilt for choice and for the first time Emirates reveals its most popular channels on…
Mercedes Benz: From status-conscious luxury saloon to popular young classic
A pioneer of modern design and a technology trendsetter with airbags, optimised aerodynamics and deliberate weight reduction: this is what the 126 series Mercedes-Benz S-Class stood for, presented 40 years ago in September 1979 at the International Motor Show (IAA) in Frankfurt am Main. Today, the luxury saloons and coupés of this series, built from 1981…
Volvo Group and Samsung SDI enter strategic alliance for electromobility
Volvo Group and Samsung SDI have entered into a strategic alliance to develop battery packs for Volvo Group’s electric trucks. Working together with Samsung SDI, Volvo Group aims to accelerate the speed of development and strengthen the long-term capabilities and assets within electromobility, to the benefit of customers in different truck segments and markets. The…
Cushion yourself from the unexpected with insurance, Kenindia urges
There are multiple reasons as to why the insurance penetration in the country is still below 3 percent. Lack of public awareness has been cited as the main reason as to way Kenyans have so far failed to take up insurance covers. A huge population have no vital insurance protection such as life insurance or…
Businesses urged to upgrade e-commerce supply chain challenges to unlock full value
DHL Supply Chain, world leader in contract logistics, has launched its latest research report on the evolution of e-commerce supply chains. The study shows that, despite understanding the vital importance of e-commerce on customer retention and satisfaction, most companies have failed to fully implement an e-commerce strategy. The new insights are from a global survey…
Higher deliveries for Volkswagen brand in June
The Volkswagen brand completed June with higher deliveries. Throughout the world, 542,300 vehicles were handed over to customers, 1.6 percent more than the same month last year. in predominantly shrinking overall markets, Volkswagen succeeded in maintaining stable market shares or further expanding them. As expected, Volkswagen once again delivered fewer vehicles in Europe following the…
Minet Kenya launches insurance cover for Boda-Boda operators
Minet Kenya has launched Public Service Vehicle Insurance Solution targeting the Boda-Boda sector. The new product dubbed ‘RaidaSure’ seeks to offer a solution to Boda-Boda riders in complying with the expected changes in the Boda-Boda transport system following the National Treasury and Ministry of Interior directives. The directive now makes it mandatory for boda-boda and tuk tuk riders…
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