Uber rival Bolt exits Australia | China's economy is back? | No cars no revenue for Transurban
04/01/20 • 4 min
Bolt, one of Uber’s main rivals, is pulling out of Australia as demand for ridesharing drops from the coronavirus.
Following the coronavirus, China's economy is rebounding, with 95% of factories reopening in March.
Transurban, the company that owns toll roads and freeways around Australia, has reported a major drop in revenue because there are so few cars on the road due to the coronavirus.
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Bolt, one of Uber’s main rivals, is pulling out of Australia as demand for ridesharing drops from the coronavirus.
Following the coronavirus, China's economy is rebounding, with 95% of factories reopening in March.
Transurban, the company that owns toll roads and freeways around Australia, has reported a major drop in revenue because there are so few cars on the road due to the coronavirus.
---
Facebook group: http://bit.ly/whatthefluxgroup
Facebook: http://bit.ly/Fluxfacebook
Instagram: http://bit.ly/fluxinsta
Web: https://www.flux.finance/
---
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Previous Episode
Bunnings & Kmart owner Wesfarmers sells part of Coles | Hasbro dominating as kids demand toys and games | ASX Ltd doing 'well' in tough times
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ASX Limited, the company that owns the Australian Securities Exchange (ASX), is one of only a few companies that hasn't been hurt by the coronavirus pandemic, with trading volumes increasing in recent weeks.
---
Facebook group: http://bit.ly/whatthefluxgroup
Facebook: http://bit.ly/Fluxfacebook
Instagram: http://bit.ly/fluxinsta
Web: https://www.flux.finance/
---
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Next Episode
Asahi set to buy Carlton Draught owner | Virgin asks govt for $1.4bn | KPMG, MinterEllison ask staff to take pay cuts
Asahi is buying Australia’s CUB, owner of Carlton Draught and Strongbow, for $16bn. But there is one important condition.
Virgin Australia has asked the government for $1.4bn as it struggles to survive following the coronavirus pandemic.
Professional services firms like KPMG and MinterEllison are asking employees to take pay cuts in response to the coronavirus.
---
Facebook group: http://bit.ly/whatthefluxgroup
Facebook: http://bit.ly/Fluxfacebook
Instagram: http://bit.ly/fluxinsta
Web: https://www.flux.finance/
---
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
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