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Tag: losses

French Open: Naomi Osaka, Serena Williams suffer upset losses

French Open: Naomi Osaka, Serena Williams suffer upset losses

Sports
June 1 (UPI) -- Top-ranked Naomi Osaka and Serena Williams, the 23-time Grand Slam singles champion, both lost in the French Open's third round Saturday. Sofia Kenin, the 35th-ranked player, emerged with a 6-2, 7-5 win over No. 10 Williams. Katerina Siniakova advanced in the French Open with a 6-4, 6-2 upset victory over Osaka. "I could see that she's not so confident like she was," Siniakova said of Osaka. Osaka blamed her poor performance on fatigue. She also admitted to feeling pressured during the tournament. "I think this tournament I have had a feeling that was different to the other grand slams, or every other grand slam that I have played, because usually I find it very freeing and fun, and this time around I was kind of tense the entire time," Osaka told reporters. Osaka had wo...
TUI losses widen to £261m as Brexit weighs on demand

TUI losses widen to £261m as Brexit weighs on demand

Business
By John-Paul Ford Rojas, business reporter Travel operator TUI has reported widening half-year losses and a fall in summer bookings as it counts the cost of weak consumer confidence and Brexit uncertainty.The group reported an underlying loss of €301m (£261m) for the six months to the end of March, up from €170m (£148m) in the same period a year ago. It has also been knocked by the grounding of Boeing's 737 MAX aircraft, which it has previously warned could cost up to €300m (£261m) as it leases more aircraft to cover its routes.TUI said the decline in its first-half performance was partly due to the knock-on impact of last summer's heatwave holding back bookings and because it had too much capacity in Spain as holidaymakers opted for cheaper destinations such
Uber reveals massive losses ahead of market debut

Uber reveals massive losses ahead of market debut

Business
Uber has lost nearly $ 8bn (£6.1bn) during its 10 years of existence, according to documents released ahead of its debut on the stock market.The ride-hailing firm also disclosed that government authorities and regulators in the US are investigating a year-long cover-up after the details of millions of passengers and drivers were stolen in 2016. Uber chief executive Dara Khosrowshahi said: "Some of the attributes that made Uber a wildly successful startup - a fierce sense of entrepreneurialism, our willingness to take risks that others might not, and that famous Uber hustle - led to missteps along the way."Mr Khosrowshahi, who took over the company 18 months ago, has vowed to run it with integrity.The bankers handling Uber's IPO (initial public offering) are expected to reveal a pricing ran
Mobikwik reports doubling of revenue, but losses keep piling up

Mobikwik reports doubling of revenue, but losses keep piling up

Finance
Gurugram-based digital payments company Mobikwik has doubled its revenue to Rs 85.6 crore in 2018 against Rs 44.3 crore in 2017, even though losses piled up 51 per cent to Rs 200 crore against Rs 132 crore in the same period, as per filings with the corporate affairs ministry and sourced from business intelligence firm Tofler. The company, which competes with the likes of Paytm and PhonePe, has been facing tremendous competition from its rivals in the payments space. Therefore it has made an effort to move on to become a broader fintech player by entering lending and investments as well. “By end of financial year 2019, we are on-track to double our revenues of 2017–18 and halve our losses. October onwards, we became positive on contribution margin, a milestone that no other fin...
Dow is set for steep triple-digit losses at the open amid rising global tensions

Dow is set for steep triple-digit losses at the open amid rising global tensions

Finance
U.S. stock futures pointed to a deeply negative open Tuesday morning, with global markets on edge amid geopolitical tensions surrounding Saudi Arabia. Dow futures around 5:30 a.m. ET, indicated a negative open of more than 330 points. Futures on the S&P 500 and the Nasdaq also fell sharply. Investor focus is largely attuned to developments in Saudi Arabia, after the country confirmed Jamal Khashoggi, a journalist and critic of the Saudi regime, was killed in the country's consulate in Istanbul, Turkey. European and Asian shares retreated on Tuesday as sentiment sour...