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Energy disruptions from an escalating Middle East conflict spilled into the world’s largest market for imported crude. Oil prices in China hit record highs Wednesday, as energy disruptions from an escalating Middle East conflict spilled into the world’s largest market for imported crude. China has helped keep oil price
Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
China’s electric taxi and rideshare boom is giving the world’s largest crude importer a new defense against oil shocks, as higher gasoline prices push more urban travelers out of private petrol cars and into cheaper app-based rides. Rideshare Trips Rise As Fares Fall Chinese passengers took 3.05 billion taxi and ridesh