MEXICO CITY— Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said Friday. The Organized Taxi Drivers of Mexico City have pushed the city to regulate or ban Uber, saying it's unfair that its...» Read More
The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Profound shifts in consumer sentiment and the economics of transportation are changing the way drivers view not just their vehicles, but the concept of transportation itself.
Just weeks before the Build America Bonds program is set to expire, issuance and demand for the government-subsidized notes have reached a fever pitch.
America has "lost its leverage" in the world because of its dependence on the Middle East and China, said Thomas Friedman, foreign affairs columnist at The New York Times.
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U.S. equipment maker Caterpillar is planning an aggressive expansion of its manufacturing and product support operations in India, says group president, Rich Lavin, in response to the South Asian nation's rapid infrastructure development.
U.S. companies with businesses in emerging markets like China and Brazil will likely do well in the upcoming earnings season, says Scott Macdonald, head of credit and economics Research at Aladdin Capital Holdings.
After Hurricane Katrina, as the city lost billions of dollars in tourism business, the New Orleans Convention and Visitors Bureau embarked on a mission to overcome unprecedented brand impairment. Today, the tourism industry stands taller, stronger than before.
The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here. Unemployment is below the national average, but poverty is twice the national rate.
To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.
It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.
Stocks kicked off August with a rally after another round of encouraging earnings reports and a better-than-expected reading on manufacturing. Brian Gendreau, market strategist at Financial Network, and Larry Rosenthal, president of Financial Planning Services, discussed their insights.
Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
The Lone Star State edged out last year's winner, Virginia, for the top spot, managing a score of 1508, out of a possible 2439.
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The Chinese economy's surprisingly strong 11.9 percent growth reinforces the belief that tighter monetary policy is on its way for the world’s most populous nation. But inflation eased a little bit so tightening may be a way off.
What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.
While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.
A faulty elevator was behind the shutdown of the observation deck on the world's tallest tower that effectively closed the half-mile-high Burj Khalifa to the public, witnesses and a Dubai rescue official said Tuesday.
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