Latest news with #TheGrab
CBS News
27-04-2025
- Entertainment
- CBS News
Chicago Cultural Center hosts Earth Day Action Fair
An Earth Day Action Fair was held Sunday at the Chicago Cultural Center. People turned out to celebrate the 55th anniversary of the first Earth Day at the event organized by the One Earth Film Festival and the City of Chicago's Office of Climate & Environmental Equity, along with several partners. Information booths were set up, and a special watch party was held for the award-winning film "The Grab" in the Claudia Cassidy Theater at the Cultural Center. "The Grab," as described by the One Earth Film Festival, "outlines a global warming reaction by several nation states, where the powerful use force, economics and illegal mercenaries to take control of food and water stocks." The documentary film follows journalists from the Center for Investigative Reporting as they uncover the issues. "The narrative begins with the 2014 purchase of U.S.-based Smithfield Foods by Chinese WH Group, which the filmmakers say gave away control of a quarter of all pigs in the U.S. It then follows other hard-to-explain deals, such as the purchase of arid land in Arizona by a Saudi company. Russians hiring American cowboys to work in a region too cold for farmland. And Blackwater deals to secure land in Africa," the One Earth Film Festival adds in its description. "All these strange commercial arrangements are linked by 'following the money,' a phrase heard several times in the film." "Blackfish" director Gabriela Cowperthwaite directed the film. Also at the event Sunday, representatives of several groups were on hand to talk about what they do and how to collaborate with other environmental advocates.
Forbes
02-04-2025
- Automotive
- Forbes
Grab Enters Singapore Taxi Industry With 10-Year Licence
The Grab logo on a smartphone screen inside a vehicle. Grab Holdings—the largest ride-hailing and food delivery company in Southeast Asia— will start its taxi service in Singapore after receiving a 10-year licence from the Land Transportation Authority. Grab upended the taxi industry—whose fleet had dwindled from a peak population of almost 29,000 cars in 2014 to less than 13,000 currently—when it introduced its ride-hailing service a decade ago. Now, the Nasdaq-listed company said that its fleet of taxis, under GrabCab, will complement its private hire vehicles. 'This enables us to address unmet consumer demand and improve ride availability, particularly during peak hours, late nights and in areas only accessible by taxis,' Grab said in an emailed statement. 'It also positions us to better serve the anticipated growth in point-to-point rides in the coming years, while catering to consumers who prefer street-hailing.' Grab's taxi licence comes nine months after it abandoned the proposed purchase of taxi operator TransCab. The deal was reported to be worth S$100 million ($75 million). 'GrabCab's entry into the street-hail sector brings the total number of taxi operators to six, providing drivers and commuters with more choices and is expected to boost taxi supply,' according to the LTA, Under the LTA permit, the company will be required to maintain a minimum fleet of 800 taxis after three years. GrabCab plans to use a fleet of low-emission hybrid cars and electric vehicles. The Singapore-based company is entering the taxi industry amid increasing contributions from its ride-hailing and food delivery businesses. The group's revenue rose 19% to $2.8 billion in 2024 from the previous year, while its annual net loss narrowed to $158 million from $485 million.
