Domestic

Uber Technologies Inc. and Lyftare recalibrating to a new reality: Investors are increasing the pressure to rein in hefty losses, riders are taking fewer trips as fares rise and drivers are still in short supply. The average Uber and Lyft fare hit a record high in the U.S. last month, according to market-research firm YipitData, driven by the labor shortage and high gas prices. The companies collectively drew at least 20% fewer riders and posted 35% fewer trips in the first quarter than three years earlier, according to…

Snap surprise disclosure that its second-quarter revenue and profit will be lower than expected sent its shares plunging and sparked debate over whether the social-media company’s woes signal a broader slowdown in the online-ad market.During a presentation at an investment conference, Snap Chief Executive Evan Spiegelsaid “the macroeconomic environment has definitely deteriorated further and faster than we expected.” In a filing, Snap said it would miss the low end of its target for 20% to 25% year-over-year revenue…

The World Health Organization (WHO) estimates that, worldwide, nearly one in three (27%) women aged 15-49 years have been subjected to some form of physical and/or emotional violence by their partners. Domestic violence hasn’t decreased in the digital era, as abusers often use technology to stalk, exploit, and control their victims. According to research, such technology-based abuse features everyday tools, from smart devices to online platforms and mobile apps. For example, abusers who have…

Home rental service Airbnb is shutting down its business in China as a pandemic lockdown shows no sign of ending there, a source close to the company told AFP Monday.Airbnb will no longer book stays or visitor "experiences" in China, focusing instead on helping people there with travel plans outside the country, the source said.The San Francisco based company declined to comment.Airbnb launched its business in China six years ago, and has booked stays at homes there for some 25 million guests. Bookings at residences in…

Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speaks during a news conference in Tokyo, Japan, on Thursday, June 6, 2019.Akio Kon | Bloomberg | Getty ImagesAirbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the country as early as Tuesday morning in Beijing. All mainland Chinese listings — homes and experiences — will be taken down by this summer.Airbnb formally launched its mainland China business in…

Airbnb Inc. ABNB 0.65% plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said. The home-sharing company is a small competitor in China’s travel industry. It had more than 500,000…

Goa is banking on a new airport at Mopa to soar tourism even higher and make it the backbone of the state’s economy. With 8 million domestic and international tourists visiting Goa annually, the state government hopes that the number will increase, as efforts are made to attract them with new innovative concepts, helping the exchequer. Apart from support to the state exchequer, nearly 1,500 locals are engaged in various departments on this new airport and are undergoing training outside the state. Chief Minister Pramod…

Amber Heard and Johnny Depp Getty Images Remix By Keane Eacobellis Amber Heard is being questioned about a past domestic violence arrest from a prior relationship amid a trial of dueling defamation lawsuits involving her ex-husband, Johnny Depp. Depp is suing Heard for $50 million for defamation for allegedly false domestic abuse accusations she made against him that he said hurt his career. Heard is counter-suing Depp, also for defamation, for $100 million. The highly-publicized trial has been live-streamed on…

United Nations Secretary-General António Guterres is pursuing a high-stakes deal with Russia, Turkey and other nations to open up Ukrainian food exports to world markets and stave off a potential global food shortage, according to diplomats familiar with the effort.Russia has sealed off Ukraine’s Black Sea ports to weaken the country and conquer its coast. Mr. Guterres has asked Moscow to permit some Ukrainian grain shipments in exchange for moves to ease Russian and Belarusian exports of…

India and China are in a standoff again, but it isn’t at the border. India is investigating Chinese smartphone maker Xiaomi’s local subsidiary for alleged illegal royalty payments to foreign entities. Xiaomi has denied any wrongdoing and has complained to the courts that India’s financial crime-fighting agency used threats of physical violence to extract confessions, according to Reuters. The relationship between Asia’s largest and third-largest economy is nothing if not acrimonious.…