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The products bring Didi into competition with investor Alibaba Group Holding Ltd (BABA.N) and technology peer Tencent Holdings Ltd (0700.HK). They also come as rivals including other Alibaba-backed firms have been making a renewed push in a ride-hailing market dominated by Didi, aiming to tap unmet demand brought about by regulatory change. Didi itself is facing new rules and increased scrutiny from authorities after a series of high-profile safety incidents, including the murders of two female Didi passengers in separate cases.
As part of a subsequent national audit of ride-hailing firms, the Ministry of Transport said Didi was “out-of-control”, and pledged to tighten driver recruitment standards, The firm is already short of drivers in major cities, since regulations in 2017 curbed bvlgari cufflinks replica the number of eligible applicants, Didi, whose backers include U.S, peer Uber Technologies Inc [UBER.UL], Apple Inc (AAPL.O) and Japan’s SoftBank Group Corp (9434.T), is reshuffling its domestic business as it expands globally with new services in South America and Australia..
SEOUL (Reuters) - South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea’s already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won ($90,500) to each of four South Koreans to compensate them for suffering forced labor during the war.
The Japanese government said all wartime reparations were dealt with in a 1965 treaty that had normalized ties between the two neighbors, The South Korean plaintiffs applied to a district court on Dec, 31 for the seizure of Nippon Steel’s shares in bvlgari cufflinks replica a Korea-based joint venture with steelmaker POSCO, “We express strong regret for Nippon Steel’s careless and inhumane attitude, which has not shown any willingness to carry out the ruling for the plaintiffs, who have fought to remedy the violation of their rights for some 70 years,” the lawyers said in a statement..
Nippon Steel owns a 30 percent stake in POSCO-Nippon Steel RHF Joint Venture, known as PNR, and its 2.34 million shares are worth about 11 billion won ($9.83 million), South Korean newspaper Chosun Ilbo reported earlier on Wednesday. The lawyers did not say how much the plaintiffs sought from the seizure. A spokeswoman for Daegu District Court confirmed that the application for asset seizure had been submitted. Repeated calls to Nippon Steel’s office went unanswered. Wednesday is a holiday for most businesses in Japan.
Nippon Steel called it “extremely regrettable” at the time of the ruling but said it would review the decision carefully while considering further steps, POSCO declined bvlgari cufflinks replica to comment, South Korean plaintiffs that won similar cases in Korea’s top court against Mitsubishi Heavy Industries Ltd are also considering applying for seizure of the company’s assets, such as patent rights, in the country, South Korean newspaper JoongAng Ilbo reported citing an unnamed representative lawyer..
LONDON (Reuters) - The new year starts in the red. After the worst year for world stock markets in a decade, 2019 has kicked off with the same trepidation surrounding economic slowdown, trade tension and rising interest rates that infected markets for most of the second half of last year. The first impetus of the new year comes from the December business surveys around the world and news that China’s manufacturing sector contracted for the first time in 19 months set the tone first thing. Sub-forecast growth in Singapore’s gross domestic product reinforced the picture regionally.
Shanghai stocks fell more than 1 percent, with Hong Kong’s Hang Seng down almost 3 percent, Seoul’s Kospi dropped 1.5 percent, Tokyo’s Nikkei outperformed despite losing 0.3 percent and further strengthening of the safe-haven yen, With U.S, interest rate futures now priced for no more Federal bvlgari cufflinks replica Reserve interest rate rises in the current cycle – even after the Fed indicated at least two more at its meeting two weeks ago – and also moving toward a rate cut by the middle of 2020, the dollar has been on the back foot during the year-end roller coaster on stock markets..