New Uber CEO hints at 2019 IPO as he rakes over troubled startup

Dara Khosrowshahi

One of Dara Khosrowshahi’s first tasks at Uber Technologies Inc. will be coming up with a new set of core principles. Uber’s board ripped up parts of the original list of 14 corporate values, authored years ago by co-founder Travis Kalanick, after they were used by employees to justify malicious behavior around the office. Rewriting […]

Germany’s Aldi takes on Amazon in food delivery fight

Germany’s Aldi is stepping up the fight for a share of the U.S. grocery market with a new express delivery service. Aldi, which already operates nearly 1,700 stores in America, said it is partnering with San Francisco’s Instacart to deliver groceries in Los Angeles, Atlanta and Dallas. It’s promising to fulfill online orders in as little as […]

Uber looks to Hewlett Packard Enterprises’ Meg Whitman in CEO search

In a bid to fill its leadership vacuum, ride sharing giant Uber has been searching for a new CEO. And among its candidates is reportedly Hewlett Packard (HPE, +0.22%) CEO Meg Whitman. According to Bloomberg, Whitman has recently been meeting with the troubled company’s leadership. Uber has reportedly developed a short list of less than […]

Netflix surges on strong subscriber growth

Netflix on Monday announced adding more than 5 million subscribers in the June quarter, bringing its total subscriber base to about 104 million. According to CNN, the vast majority of new subscribers — more than 4 million — came from its overseas markets. In fact, Netflix’s international subscriber base is now larger than the U.S. […]

Oracle set to add 1,000 employees in European cloud push

Oracle Corp. is hiring 1,000 employees in Europe, the Middle East and Africa as it expands its cloud computing services in the region. The company is looking for workers with between two to six years of experience to staff sales, management, finance, recruitment, marketing and human resources roles for its cloud computing service, Oracle said […]

Etisalat Nigeria repaid $500m of loan amount before default

Etisalat Nigeria reportedly repaid $500 million of $1.2 billion in loans owed to banks before it defaulted in February as a consequence of currency devaluation. A senior executive told Reuters on Thursday. Talks between Etisalat Nigeria and lenders to restructure the $1.2 billion loan agreed in 2013 have failed to produce a deal, forcing the banks to […]

MainOne launches open-connect service to position as West Africa’s largest Internet hub 

MainOne has announced a new inter-connect service for carriers, enterprises and ISPs called Open-Connect to facilitate improved interconnection, collaboration and peering. The new service is a fallout of MainOne’s data centre company’s (MDXi’s) partnership with the Nigerian Internet Exchange (IXPN). According to a statement from the company, Open-Connect guarantees the best cross connect services in […]