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Careem was founded in 2012 and has since attracted 30 million users in 90 cities in the Middle East, North Africa and Pakistan. During a round of financing, its value was over $ 2 billion in October.
Based in Dubai, Careem will operate under its own brand as a subsidiary of Uber and will continue to be led by CEO Mudassir Sheikha. Dara Khosrowshahi, CEO of CNN Business, said in an email to Uber staff that maintaining the Careem brand and its operations "has the benefit of allowing us to build new products and services. to try new ideas through not one, but two strong brands ".
Uber is preparing for an initial public offering expected later this year. It is supposed to seek a valuation up to 120 billion dollars.
The Chinese order covers 290 aircraft of the Airbus A320 family and 10 on the A350 line, the company said in a statement.
Based on Airbus' list prices, aircraft are worth around $ 35 billion, but customers generally enjoy substantial discounts from list prices and can benefit from even greater discounts in case of huge orders .
Airbus shares grew by more than 1.5% in the first European transactions.
3. What future for Brexit?: The pound was volatile Tuesday after another turning point in the Brexit saga.
British lawmakers voted for Prime Minister Theresa May to temporarily take control of the process, paving the way for a series of votes on alternatives to the May Brexit divorce agreement.
The basic options remain the same: to leave a negotiated agreement to the European Union, to leave the bloc or to ask for a further delay in the process.
The British government and the Bank of England both warned of dire economic consequences if Britain left the European Union without an agreement protecting trade.
4. Housing data: A series of reports on US real estate are expected on Tuesday, giving investors another glimpse into the health of the US economy.
Data on building permits and housing starts will be released at 8:30 am ET, along with the Housing Pricing Index from the Federal Housing Finance Agency and the Housing and Housing Fund. US S & P / Case-Shiller real estate price index at 9 pm ET.
US consumer confidence data will follow at 10:00 am ET.
The number of warning signs of the US economy is increasing. The 3-month Treasury yield surpassed the 10-year Treasury yield for the first time since 2007 on Friday. Flattening the yield curve, or the difference between short-term and long-term rates, is generally seen as a sign of a decline in long-term economic confidence.
A study by GfK, Germany's largest market research institute, showed that consumer confidence was going down in April. Economists polled by Reuters were expecting a slight increase.
The European Parliament is expected to vote on the new copyright rules on Tuesday. If passed, this will radically change the way large technology companies process copyrighted material.
Tuesday – US building permits; Housing starts in the United States; S & P / Case-Shiller House Prices; McCormick (MKC) and Carnival (CCL) earnings
Wednesday – United States trade balance data; Lululemon (LULU) earnings
Thursday – British consumer confidence; Final estimate of US GDP in Q4
Friday – Huawei profit; Carmax (KMX) earnings
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