Careem was founded in 2012 and has since attracted 30 million users in 90 cities in the Middle East, North Africa and Pakistan. It was valued at more than 2 billion. Dollars in a financing round in October.
Careem will, in its own brand, act as a subsidiary of Uber and be led by CEO Mudassir Sheikha. In an email to Uber employees seen by CNN Business, CEO Dara Khosrowshahi said to keep the Careem brand and operations "has the advantage of letting us build new products and try new ideas across not one but two strong brands. "
Uber is ready for an initial public offer expected to take place later this year. It is allegedly seeking a valuation of as much as $ 120 billion.
The Chinese order covers 290 aircraft from Airbus & A320 family and 10 from the A350 line, the company said in a statement.
Based on Airbus & # 39; list prices, the plans overall are approx. $ 35 billion, but customers typically receive substantial discounts from the list prices and can get major reductions for large orders.
Shares in Airbus have achieved more than 1.5% in early European trade.
3. What next for Brexit? : The pound was volatile Tuesday after another twist in the Brexit saga.
The British legislators have voted to temporarily take control of the process from Prime Minister Theresa May and pave the way for a number of votes on alternatives to May's Brexit divorce agreement.
The basic options remain the same: Leave the EU with a negotiated agreement, go into the block or seek another delay in the process.
Both the UK Government and the Bank of England have warned of serious economic consequences if Britain leaves the EU without a trade-protecting agreement.
4. Housing data: A number of reports on US real estate are expected on Tuesday, giving investors another glimpse of the health of the US economy.
Building permits and housing start data are released at. 8.30. ET, with the housing price index Federal Housing Finance Agency and S & P / Case-Shiller US housing price index, published at. 9.00.
US consumer confidence data will follow at 10:00 ET.
The number of warning signs about the US economy is rising. The yield on three-month financials rose for the first time since 2007 on Friday the 10-year treasury. A flattening yield curve or the difference between short- and long-term interest rates is typically seen as a sign that long-term economic confidence is declining.
A survey by GfK, Germany's largest market research institute, showed that consumer confidence has begun to dip in April. Economists followed by Reuters had expected a slight increase.
The European Parliament will vote on Tuesday on new copyright rules. If passed, the measure will dramatically change the way in which big tech companies handle copyrighted material.
Tuesday – US building permits; US housing starts S & P / Case-Shiller housing prices; McCormick ( and ) Carnival ( Earnings )
Wednesday – US Balance of trade data Lululemon ( Earnings )
Thursday – UK Consumer Confidence; US final estimate Q4 GDP
Friday – Huawei earnings; Carmax ( earnings )