Bloomberg Business

Ride-Hailing Firm With Russian Roots Challenges Uber in Dubai

A ride-hailing firm with Russian origins has nabbed a significant chunk of the market from Uber Technologies Inc. and its local subsidiary in Dubai, a city that’s attracted thousands of Russians since the invasion of Ukraine last year.

Debt-Limit Deal Heads to House Vote After Clearing Key Hurdle

The debt-limit deal struck by President Joe Biden and Speaker Kevin McCarthy is heading toward a vote Wednesday in the House of Representatives after clearing a crucial procedural hurdle with just days remaining to avoid a US default.

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