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SoftBank-Backed Ola Denied London Taxi License

By Wayne Ma
· · Source: Reuters

Ola, the Indian ride-hailing company backed by SoftBank, has been denied a license to enter the London taxi market, Reuters reported. The move is a setback for SoftBank, which is grappling with a series of failed investments such as WeWork and a global recession, which has created uncertainties for the operations and share prices of its Vision Fund portfolio companies. London’s public...

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How Tesla is Winning From the U.S.-China Trade War
By Juro Osawa · Oct. 19, 2020 6:02 AM PDT
How Tesla is Winning From the U.S.-China Trade War

On Nov. 1 last year, Tesla invited executives from dozens of China-based automotive parts suppliers to the carmaker’s new Shanghai factory, where its first made-in-China Model 3 sedans were about to roll out. At the event, Roshan Thomas, Tesla’s senior executive in charge of managing suppliers, gave a speech explaining that Tesla needed to continually push down the price of its ...

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Cover Wall Street for The Information!
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