Traditional taxi firms lose ground as e-hailing taxi services boom

After Vinasun reported a loss in H1, Mai Linh Taxi reported a big loss of up to one trillion dong. Its consolidated net profit in 2019 was minus VND6 billion, raising the accumulated loss to VND1.039 trillion. Meanwhile, Mai Linh holding group still made a profit of VND61 billion.

Facebook Boycott Grows—Which Companies Are Stopping Advertising, and Why

Who is involved so far? A number of large brands are now supporting the Stop Hate for Profit campaign, with a spreadsheet compiled by Sleeping Giants being used to log every participant. Here are some of the bigger firms, and their social media statements about the cause:

Delivery platforms help create more jobs

“On-demand food delivery platforms make contributions to increasing employment and retaining current employees in the catering industry, which was hit hard by the novel coronavirus pandemic,” said Zhao Ping, director of the international trade research department at the China Council for the Promotion of International Trade.

Beike raises over $2b as it debuts on NYSE

Beike’s initial public offering offered 106,000,000 ADSs, each representing three Class A ordinary shares of the company, at a price to the public of $20 per ADS for a total offering size of $2.12 billion, assuming the underwriters do not exercise their option to purchase additional ADSs.

5G customers reach 70.2m in H1: China Mobile

With a total of 947 million mobile customers, the number of 4G customers reached 760 million as of the end of June, with average handset data traffic per user per month rising 39.7 percent to 8.6 GB.

8 lakh Indians may have to leave as Kuwait approves a draft expat quota bill: Report

The bill will now be transferred to the respective committee so that a comprehensive plan is created. It proposes similar quotas for other nationalities. Kuwait is a top source of remittances for India. In 2018, India received nearly USD 4.8 billion from Kuwait as remittances.

Number of charging piles for electric vehicles to rise

“With the opportunities brought by ‘new infrastructure’ construction, the development of the charging pile sector is expected to speed up, and a 1 trillion yuan ($144 billion) market will probably develop,”Sun Huifeng, president of CCID Consulting, said in an interview with China Automotive News.

From loo rolls to fashion: how to spend your cash more ethically

• The campaign to ban peat from compost mixes gathers pace – and rightly so: the destruction of peat bogs in the UK and beyond is an environmental calamity. But finding good peat-free compost can be hit and miss, which puts many gardeners off trying it. Dalefoot Compost’s range of peat-free compost mixes are superb […]

Facebook accuses the ‘Apple tax’ of stifling its plan to help struggling small businesses

The new feature, which exists as part of the main Facebook app, is designed for page owners to “create an online event, set a price, promote the event, collect payment and host the event, all in one place,” Simo explains in the blog post. The goal is to help small businesses and those in the […]

Paris May Retaliate in Kind to UK Quarantining Arrivals from France

The British government insists it had to make the decision in light of a 66% spike in confirmed coronavirus cases in France in the past week. The Netherlands, Malta, Monaco and the Caribbean islands of Aruba and Turks & Caicos were also added to the U.K.’s quarantine list for the same reason.