BUSINESS

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Uber Technologies is deepening its push into autonomous mobility through a major partnership with Rivian Automotive, committing up to $1.25 billion to support the rollout of thousands of robotaxis over the next decade.

The agreement outlines plans for Uber and its partners to acquire at least 10,000 self-driving versions of Rivian's upcoming R2 electric vehicle, with the option to scale that number to 50,000 units by 2031. The vehicles are expected to operate exclusively on Uber's platform across North America and Europe, with initial launches anticipated in 2028.

An initial $300 million tranche is expected following regulatory approvals, with additional investments tied to performance milestones. Uber will also pay licensing fees to integrate Rivian's autonomous driving software into its network, signaling a deeper technological collaboration between the companies.

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Tesla's China built electric vehicle business started 2026 with a strong rebound, narrowing some of the ground it had recently lost to domestic rival BYD in the world's largest auto market. Shipment data covering January and February show the U.S. manufacturer significantly increased deliveries from its Shanghai factory even as the broader industry navigated the seasonal slowdown surrounding the Lunar New Year holiday.

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Shares of Dutch cloud computing firm Nebius climbed sharply Monday after Meta announced a long-term agreement to spend as much as $27 billion on artificial intelligence infrastructure provided by the company over the next five years.

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Uber has launched a new feature across the US that allows female drivers and passengers to request trips with one another. Following a pilot program last year that Uber says increased user comfort and confidence, the feature is now available nationwide. The rollout proceeds despite an ongoing class-action lawsuit in California, where some drivers argue the policy discriminates against men.

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Apple said on Thursday it will lower the commissions it charges developers on its App Store in mainland China, a significant shift for the iPhone maker following mounting pressure from Chinese regulators and technology firms operating in the country.

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Global oil prices fell on Tuesday after US President Donald Trump warned Iran against blocking the Strait of Hormuz, a narrow waterway that carries a huge share of the world's energy supplies.

In a message posted on social media, Trump said Tehran would face a far stronger response if it attempted to halt tanker traffic through the strategic route.

"If Iran does anything that stops the flow of oil within the Strait of Hormuz, they will be hit by the United States twenty times harder than they have been hit thus far," he wrote.

Oil had surged a day earlier, briefly pushing close to 120 dollars a barrel, as investors feared the conflict involving the United States, Israel and Iran could disrupt shipments from the Middle East.

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Adobe said on Friday it will pay $75 million and provide an additional $75 million in free services to resolve a lawsuit brought by U.S. regulators that accused the software company of obscuring cancellation terms and imposing costly fees on some subscribers.

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Oil prices surged close to $120 per barrel on Monday, March 9, following Iran’s announcement of a new supreme leader, before later retreating to around $106.23 per barrel.

The appointment of Mojtaba Khamenei signaled the continued dominance of hardline leadership in Tehran, raising fears of prolonged disruption to shipping through the Strait of Hormuz and sending shockwaves through global financial markets.

Brent crude, the global oil benchmark, climbed to an early high of $119.50 per barrel before easing back to $106.23. Meanwhile, West Texas Intermediate, the main U.S. crude benchmark, rose to $119.48 before dropping to $101.25.