Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Taxify, a European competitor to Uber, has raised $175 million in a funding round led by German automaker Daimler.
The Tallinn, Estonia-based start-up secured a $1 billion valuation after the investment, helping it enter the ranks of Europe's unicorn companies.
Korelya Capital, a French venture capital fund, Taavet Hinrikus, the co-founder of U.K.-based money transfer start-up TransferWise, and existing investor Didi Chuxing, a Chinese ride-hailing firm, all participated in the round.
Daimler, which owns Uber competitor MyTaxi, will join Taxify's board following the investment.
"Taxify is an ideal addition to our existing and extensive mobility services portfolio," Joerg Lamparter, head of mobility services at Daimler Financial Services, said in a statement Wednesday.
Taxify currently has 10 million customers signed up to its platform and is present in 25 countries. The company entered London, a key battleground for Uber, last year.
Taxify said it would use the latest investment to develop its technology and further expand in home markets like Europe and Africa.
The investment comes as Uber, the world's best known ride-hailing start-up, tries to reshape its public image under new Chief Executive Dara Khosrowshahi. Under former boss Travis Kalanick, Uber was hit with a series of scandals, from sexual harassment complaints against the company, to allegations that it tried to evade regulation in various cities.
In London, the company is fighting to keep its license to operate after a ban by the city's transport regulator last year. Also in 2017, a British judge ruled that Uber drivers should be classified as formal workers rather than as self-employed, presenting a challenge for both Uber and the so-called "gig economy." Uber has long maintained that its drivers are self-employed rather than employees, and are therefore not entitled to rights including holiday pay and a minimum wage.