Hong Kong police arrested five Uber drivers on Tuesday; one year after the firm began operations in the city. Chief inspector Bruce Hung Hin-kau told reporters that the arrested drivers were charged with not possessing hire-car permits and third party risk insurance, both vital for driving a private car for reward in the city.
Uber is once again making headlines but this time in Asia, where the controversial ride-sharing app is facing fresh legal accusations.
Europe's biggest bank aims to save up to USD 5.0 billion (4.4 billion euros) in annual costs within two and a half years as it seeks to boost profits and move past recent scandals that have scarred the British lender, including the rigging of foreign exchange markets
Japan shut down its reactors in the wake of the meltdown at the Fukushima nuclear power plant following the March 2011 earthquake and tsunami and Prime Minister Shinzo Abe is keen to return the resource-poor country back to nuclear energy.
Lovers of chocolate are set to be the driving force behind the global USD 196 billion confectionery market in the next five years, according to Euromonitor.
The middle class: they are the world`s biggest consumer group and their growing spending power should push global consumer spending up by nearly a third by 2020, according to market research firm Euromonitor.
Self-drive was the fastest growing segment which prompted the duo of Greg Moran and David Back, graduates from the University of Pennsylvania to start-up ZoomCar.