Japan’s economy contracts for first time in 2 quarters

Japan’s economy contracted at an annualised rate of 3.0% in July-September from the previous quarter, government data showed on Monday, posting the first decline in two quarters as resurgent coronavirus infections hurt consumer spending. The gross domestic product (GDP) figure translated into a quarterly drop of 0.8%, worse than economists’ median estimate of a 0.2% […]

Continue Reading

E-scooter firm TIER buys Nextbike in bid to expand offerings

Berlin-based e-scooter operator TIER Mobility has bought bike-sharing firm Nextbike to create Europe’s largest provider of shared lightweight vehicles, the companies said on Monday. The deal, which will bring rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes into one network, could mark the first big acquisition in a likely period of consolidation in the highly […]

Continue Reading