Halfords Hopes That the Olympic Effect Will Increase UK Bicycle Sales

Halfords is now hoping for a good rise from the exploits of Laura Trott and Bradley Wiggins at the Rio 2016 Olympics, after the slowing bike sales showed by the retailer’s annual results. The bikes, car parts and accessories retailer said pre-tax profit before one off items reached up to 81.5 million pounds from 81.1 million pounds in the year. C…

Uber Plans to Invest a Substantial Portion of $3.5 Billion Fundraise In India

Uber is moving ahead in its quest to build a global empire. This time, it turned to the Middle East for its biggest infusion of cash, $3.5 billion from a single investor, Saudi Arabia’s public investment fund. Travis Kalanick, one of Uber’s founders and its chief executive said, “We appreciate the vote of confidence in our business as we con…