The Daily Populous

Sunday August 11st, 2019 night edition

image for Uber, losing billions, freezes engineering hires

The freeze does not apply to Uber's autonomous vehicle and freight-shipping divisions.

The news comes a day after Uber reported second-quarter operating losses of $5.4 billion—a new record for the company.

That figure exaggerates Uber's quarterly burn rate because it includes more than $4 billion in one-time charges related to Uber's initial public offering.

Still, excluding IPO-related charges still leaves around $1.2 billion in operating losses, worse than the $1 billion the firm lost in the first quarter.

"During a recent all-hands meeting, a question about potential layoffs in the engineering department was also raised, but executives didn't provide any timelines," Yahoo's Krystal Hu reports.

With that much cash in the bank, Uber can continue at its current burn rate for more than two years.

But CEO Dara Khosrowshahi will face pressure from Wall Street to stem Uber's losses much sooner than that. »

Jeffrey Epstein, accused sex trafficker, dies by suicide: Officials

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Add Jeffrey Epstein case as an interest to stay up to date on the latest Jeffrey Epstein case news, video, and analysis from ABC News.

He was placed on suicide watch following the July 23 incident, but was not on suicide watch at the time of his death.

Epstein was arrested in July for alleged sex trafficking of girls at his Upper East Side mansion and his home in Palm Beach, Florida. »

Prince Andrew groped young woman at flat belonging to billionaire paedophile, court documents allege

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Prince Andrew was accused of groping a young woman’s breast at the home of wealthy financier Jeffrey Epstein, according to newly released legal documents.

In the legal documents, released on Friday, Johanna Sjoberg, another alleged Epstein victim, said Prince Andrew touched her breast while sitting on a couch inside Epstein's Manhattan flat in 2001.

Ms Giuffre’s lawyers said: “Ms Sjoberg’s testimony also corroborates Ms Giuffre’s account of being lent out to Prince Andrew by (Ms Maxwell).”. »

Japan Is Facing an Unprecedented Population Meltdown

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Despite full employment, Japan is showing muted wage pressures, minimal GDP growth, low interest rates and continued high government deficits.

After peaking in 2010 at 128 million, the country’s population has eased back to 126 million and will continue to decline.

Its population is set to shrink by 0.4 percent annually, with the decrease expected to accelerate to 1.0 percent annually by the 2040s. »

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