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Wijaya Ng, who tracks China’s automotive industry at Ipsos Business Consulting, said the new venture dovetails with a larger, global trend wherein traditional automakers are entering the ride-hailing sector. “They see that moving forward, if car-hailing is going to be the future, they want to tap into this market sooner rather than later,” said Ng. Changan said that itself, Dongfeng and FAW will each have a 15 percent stake in the joint venture, which will set up a ride-sharing company with a focus on new energy vehicles.
Suning will be the biggest shareholder with a 19 percent stake while Alibaba and Tencent’s investment units will together hold the remainder shares with some other funds, it added, The new ride-hailing company and its investors, which come from a range of fields, will help form “business synergies which will help enrich the bvlgari cufflinks price companies’ ecosystems”, Suning said in a statement, FAW and Dongfeng confirmed the venture while Alibaba and Tencent declined to comment beyond the Changan statement, Didi declined to comment..
LONDON (Reuters) - British travel company Thomas Cook plans to axe 320 jobs and close 21 stores in its UK retail network to cut costs as consumers increasingly shop online, it said on Friday. Thomas Cook endured a tough 2018 when a heatwave in northern Europe deterred holidaymakers from booking last-minute deals, leading to two profit warnings and talk of a need to raise funds. The company has also said it would consider a sale of its airline business to raise cash. “Today’s announcement reflects the wider challenges seen on the high street, with more and more customers choosing to book online,” said Will Waggott, who runs the company’s tour operator business.
“We will be working to ensure that Thomas Cook is fit for the future, putting a rigorous focus on costs in a competitive environment.”, The bvlgari cufflinks price store closures reduce Thomas Cook’s retail network to 566 shops, half the total it had in 2012, In addition to 102 job losses at those 21 stores, a further 218 roles will be cut across its other shops, for which staff and union consultations have begun, Thomas Cook, the world’s oldest travel company, has long had a visible presence on Britain’s shopping streets but it said that 64 percent of its bookings in the UK last year were made online and that this was its fastest-growing sales channel..
(Reuters) - India’s SpiceJet Ltd said on Friday it was in talks with lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet. The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month. The low-cost carrier could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter had told Reuters earlier this week.
MELBOURNE (Reuters) - Australia’s largest department store operator Myer will stop selling “unprofitable” Apple Inc products as part of its drive to focus on higher-margin items, Myer Holdings said on Friday, Apple Inc is facing weak demand for its iPhone, which has come under fire for being too expensive, Demand has notably fallen in the world’s biggest smartphone market China, partly as a result of the trade dispute with the United States, The decision, which will apply to the 16 department stores that stocked Apple products as well as online sales, comes as the department store operator bvlgari cufflinks price restructures to better compete with online retailers..
Myer, which was founded on the back of the country’s gold rush more than a century ago, is cutting costs and boosting its online presence which allowed it to swing into a modest first half profit in January. “Myer has made it clear that it will not chase unprofitable sales and has made this decision as we could not reach acceptable commercial terms that were in the best interests of the company and shareholders,” a spokesman said in an emailed comment to Reuters. “This decision is also about ensuring space in our stores is utilized in the most productive and effective way for the company. We thank Apple for the positive partnership we have had over many years.”.
(Reuters) - Facebook Inc said on Thursday it has resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees, The passwords were accessible to as many as 20,000 Facebook employees and dated back as early as 2012, cyber security blog KrebsOnSecurity, which bvlgari cufflinks price first reported said in its report, “These passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them,” the company said..