Uber’s Profit Forecast Falls Short as Driver Shortages and Rising Costs Weigh on Growth
Uber has forecast fourth-quarter adjusted earnings below Wall Street expectations, as driver shortages, rising fuel prices and the ongoing Middle East conflict weigh on its ride-hailing business across markets including India, Brazil and Canada....
Italy May Raise Taxes on Energy Firms to Fund Budget
Italy is considering raising taxes on energy companies to finance tax cuts and increased public spending under its 2027-2029 budget, according to sources cited by Reuters on October 23. Prime Minister Giorgia Meloni’s government...
Trump Expands Access to Tax-Free Diesel as Fuel Prices Surge
U.S. President Donald Trump on Monday signed an executive order to expand access to tax-exempt diesel as soaring fuel prices raise concerns ahead of the November 3 midterm elections. Diesel prices reached a record...
US Pressures Europe to Release Diesel Reserves or Face Export Ban
The Trump administration has urged Germany and France to release emergency diesel inventories to help ease global fuel prices, warning that the United States could consider restricting diesel exports if Europe does not act,...
Brazil May End Fuel Subsidies as Oil Prices Ease
Brazil could phase out its emergency fuel subsidies if global crude oil prices stabilize around $80 per barrel, according to Finance Ministry Executive Secretary Rogerio Ceron. Speaking to Reuters, Ceron said recent progress toward...