Uber investment deepens ties with scooter startup Lime | Malay Mail

Uber’s Jump electric bikes and scooters will be managed by micromobility rival Lime under a tie-up between the two companies. — AFP pic

“Today’s announcement means that riders around the world will have even more integrated micromobility options at their fingertips, making car-free travel easier than ever before,” the two firms said in a joint statement. Also joining in the investment round are Alphabet, Bain Capital Ventures, GV and other existing and new investors, according to the statement.

Both firms have been struggling with a massive slump in demand due to the coronavirus outbreak and related lockdowns around the world.

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Now is the time for public investment projects, IMF says | Malay MailWASHINGTON, May 6 — Countries around the world should use the novel coronavirus pandemic as an opportunity to invest in public infrastructure and other projects that take advantage of low interest rates, the International Monetary Fund said in a report today. Countries should also strengthen...
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