Uber and iFood Announce Strategic Partnership in Brazil
This agreement aims to simplify daily life for Brazilians by offering transportation and delivery services through two of the country's most popular apps. Customers can now plan their commute and order meals or groceries without switching between apps, saving time and enhancing their overall experience.
'We are thrilled to partner with iFood in Brazil,' said Dara Khosrowshahi, CEO of Uber. 'Today, only around half of iFood and Uber customers in Brazil use both platforms. So this partnership represents a big milestone in our mission to help people go anywhere and get anything at the tap of a button.'
'iFood has transformed the way people order food and everyday items in Brazil, just as Uber has revolutionized the way Brazilians move around,' said Diego Barreto, CEO of iFood. 'Now, this integration represents a major step forward, with both companies innovating to offer a new way to access everyday services. We believe this partnership will drive more orders for restaurants, grocery stores, pharmacies, and convenience retailers; generate more income for couriers and drivers; and make consumers' everyday lives even easier.'
How will it work?
Brazilian consumers can continue to order their services using their preferred app. If using Uber, the Delivery tab will transition to iFood. If using iFood, a new Mobility tab will allow consumers to easily book their rides through Uber. For now, there are no changes to Uber One or 'Clube iFood', the membership programs offered by Uber and iFood, respectively, although the two companies have agreed to explore joint membership initiatives in the near future.
The integration of these services will begin rolling out in select cities in Brazil during the second half of 2025, with a nationwide expansion planned shortly after. No changes are planned to Uber's white-label delivery offerings for businesses (Uber Direct) or parcel delivery (Uber Flash), which will continue to be booked via the Uber app and delivered by Uber drivers and couriers. In iFood's case, there will also be no changes to any logistics services provided to partners, nor to the 'Sob Demanda' service, which offers delivery for those operating outside the app.
About Uber
Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 61 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up new possibilities.
About iFood
iFood is a Brazilian technology company and a leading player in online delivery in Latin America. It connects customers, restaurants, supermarkets, and couriers in a simple and efficient way. With world-class technology and artificial intelligence, iFood processes over 120 million orders per month through an ecosystem that includes 360,000 couriers and 400,000 partner establishments, operating in approximately 1,500 cities across Brazil. Beyond food delivery, iFood also operates in the grocery, pharmacy, pet, fintech, and benefits sectors, combining technology and convenience to deliver smart solutions for both partners and customers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Accenture Deepens Banking Capabilities in Malaysia with Acquisition of Aristal
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Accenture (NYSE: ACN) has acquired Aristal, a Malaysia-based consulting and digital transformation firm with deep expertise in financial services—marking Accenture's first banking-focused acquisition in the country. The acquisition strengthens Accenture's talent and capabilities to help banks in Malaysia upgrade their core systems, improve operations, and manage large-scale changes like mergers and system transitions. Founded in 2006, Aristal is recognized for its high-quality advisory services and deep expertise in core banking transformation. The firm has built a strong track record of successfully delivering large-scale IT and business transformation programs for leading financial institutions across Malaysia, Indonesia, Singapore, and Thailand. 'With deep expertise in core banking systems, Aristal has helped banks upgrade outdated platforms, improve operations, and deliver better customer experiences—capabilities that will strengthen Accenture's financial services offerings,' said Paul Ng, Financial Services Lead, Southeast Asia at Accenture. 'Their experience implementing core banking platforms, designing operating models, and supporting post-merger integration will enhance our ability to help banks across Southeast Asia transform faster and operate more efficiently.' Aristal's highly skilled and senior team of 30 will join Accenture's Financial Services practice in Malaysia. Coupling its sector knowledge with Accenture's technology and managed services will enhance delivery of end-to-end transformation projects for clients at scale. Banks across the region are upgrading their core platforms to keep pace with complex mergers, acquisitions, and regulatory demands. With the global core banking market projected to reach USD 28.8 billion by 2027, Malaysia is expected to follow suit, driven by industry-wide efforts to modernize systems and strengthen digital capabilities. 'This acquisition expands our pool of experienced professionals in Malaysia and strengthens our ability to support clients driving core banking transformation,' said Azwan Baharuddin, Country Managing Director, Malaysia at Accenture. 'It reflects our commitment to developing local talent and helping clients harness the power of technology, data, and AI to reinvent how they operate, compete, and grow in an increasingly dynamic banking landscape.' 'Joining Accenture opens up tremendous opportunities for our team here in Malaysia to grow and contribute on a larger stage,' said Lin Kok Liong, Managing Director at Aristal. 'By integrating into Accenture's global network of innovation and talent, we're not only expanding our own capabilities, but also enhancing the value we can deliver to clients locally.' The move underscores Accenture's continued investment in Southeast Asia to help clients embrace AI, cloud, and modern core systems. This includes recent initiatives such as the acquisition of Percipient's digital twin technology for banks in Singapore, and the establishment of the AI Refinery Engineering Hub, to accelerate innovation and scalable transformation across the region. The financial terms of the transaction were not disclosed. Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'should,' 'likely,' 'anticipates,' 'aspires,' 'expects,' 'intends,' 'plans,' 'projects,' 'believes,' 'estimates,' 'positioned,' 'outlook,' 'goal,' 'target' and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and SIPAL will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties' ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company's results of operations; risks and uncertainties related to the development and use of AI could harm the company's business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect its business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture's geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the 'Risk Factors' heading in Accenture plc's most recent Annual Report on Form 10-K, as updated in Item 1A, 'Risk Factors' in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at
Hamilton Spectator
an hour ago
- Hamilton Spectator
Aura Announces S&P Global Upgrades Outlook to Positive B+ Rating on Larger Scale and Financial Performance
ROAD TOWN, British Virgin Islands, July 21, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (Nasdaq: AUGO) (TSX: ORA) (B3: AURA33) ('Aura' or the 'Company') today announced that S&P Global Ratings has upgraded its outlook on the Company's global and national scale credit ratings outlook to positive from stable, while affirming its B+ global scale long-term issuer credit rating and 'brAA' Brazilian national scale rating. According to S&P, the upgraded outlook reflects several key factors: (i) the U.S. listing should allow accelerated growth for Aura without any increase in leverage; (ii) Aura track record of constructing small to medium projects and successfully turning around older assets; and (iii) record high gold prices that are propelling free operating cash flow amid the company's significant expansion capital expenditure (capex) program. Over the next 12 months, S&P also indicates the possibility of an upgrade if the company succeeds in growing its scale, namely with the ramp up of Borborema, integrating Serra Grande, and starting another project in that timeframe, while it keeps gross debt to EBITDA below 2.0x. However, there can be no assurance whether S&P will take such action with respect to our ratings in the future. The full report can be accessed on the S&P website or on the Company's investor relations website at . About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The Company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the Company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase. Caution Regarding Forward-Looking Information and Statements This press release includes certain statements and information that may constitute 'forward-looking information' within the meaning of applicable Canadian securities laws and/or 'forward-looking statements' within the meaning of applicable United States securities laws (collectively, 'forward-looking statements'). Some of the matters discussed concerning our business operations include estimates and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the Company's current estimates, predictions, expectations or beliefs regarding future events and include, without limitation, statements with respect to: accelerated growth for Aura without any increase in leverage; the propelling of free operating cash flow; the expansion of the Company's capital expenditure program; upside at Serra Grande; ramp up at Borborema; and new expansion projects. Often, but not always, forward-looking statements may be identified by the use of words such as 'expects', 'anticipates', 'plans', 'projects', 'estimates', 'assumes', 'intends', 'strategy', 'goals', 'objectives' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements in this press release are based upon, without limitation, estimates and assumptions relating to general business, economic and market conditions. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information, except in accordance with applicable securities laws.
Yahoo
an hour ago
- Yahoo
Should You Buy Nio Stock While It's Below $5?
Key Points Nio projects sales of 450,000 units this year, doubling its sales from last year. The company's unique battery-as-a-service offering enables quick battery swaps, addressing concerns about charging time and creating a recurring revenue stream. Nio faces fierce competition in China's electric vehicle market and has encountered challenges to international expansion, such as tariffs and duties on Chinese EVs. 10 stocks we like better than Nio › Nio (NYSE: NIO) is making huge strides. The Chinese automaker projects it will sell a staggering 450,000 units this year, more than double its sales from last year. With such explosive growth, investors may be wondering if it's time to get on board and invest in the automaker. While Nio is charging ahead in the electric vehicle race, it faces fierce competition in its home market and has to navigate the complex landscape of global geopolitical tensions. With the stock priced under $5 -- $4.47 at 9:30 a.m. ET on Monday -- is now the time to buy? Let's explore the business and investment opportunity ahead. Nio's sales growth has been excellent Nio continues to increase its vehicle deliveries and expand its market presence. Last year, the company achieved record deliveries of 221,970 vehicles, representing a 39% increase over the previous year. It recently reported sales of 72,056 units in the second quarter, representing a 26% increase from the same period last year. A unique aspect of Nio's business is its battery-as-a-service offering, which addresses a common concern for many electric vehicle (EV) drivers: charging time. With its battery swapping technology, at designated locations, Nio can replace a depleted battery with a fully charged one in just 3 to 5 minutes. With this system, customers pay less upfront cost when purchasing a vehicle, instead paying a fee over time, which provides Nio with a steady stream of recurring income. Analysts at Western Securities, a Chinese investment bank, believe that this segment of Nio's business could break even by 2026. It faces some serious headwinds The electric vehicle market is highly competitive, particularly in China, and Nio faces significant challenges in this environment. Analysts have noted that competition in China's battery electric vehicle sector is "fierce." This intense competition ultimately impacts Nio's ability to increase sales volume, maintain favorable pricing, and achieve profitability. In the first quarter, revenue fell short of estimates and missed the company's guidance. The decline was primarily attributed to lower selling prices and increased promotions aimed at clearing out the inventory of older Nio models, as well as a higher proportion of sales from the Onvo brand, which targets the "mainstream family market, ultimately impacting its profit margins. The manufacturer also faces several geopolitical headwinds. For instance, last year, the European Commission imposed duties on imports of battery electric vehicles (BEVs) from China, effective Oct. 30, 2024, for a period of five years. This decision was driven by concerns over substantial government subsidies that benefit Chinese EV makers. Additionally, former U.S. President Joe Biden raised tariffs on Chinese EVs to 100%, while current President Donald Trump announced additional tariffs on goods imported from China. Nio's cost-cutting efforts Another criticism of Nio lies in its growing losses. Since its inception, the company has consistently struggled to turn a profit due to its capital-intensive business model, which requires substantial investments in research and development, expansion of production capacity, and the establishment of its power and service networks. Last year, Nio reported a net loss of RMB 22,402 million (approximately $3 billion). In the first quarter of this year, the company's losses increased to RMB 6,750 million (approximately $930 million), representing a 30% rise compared to the same quarter last year. The company is taking steps to improve profitability. In the first quarter, its vehicle margin increased to 10.2%, up from 9.2% in the same period a year earlier. Nio has taken steps to control costs by reducing spending, including restructuring and improving efficiency across research and development, the supply chain, and sales and services. Goldman Sachs has upgraded the automaker to a neutral rating, citing the company's cost reduction efforts, and anticipates a 4%-10% improvement in profit levels over the next three years. Looking ahead, Nio CEO William Bin Li is optimistic about achieving profitability by the fourth quarter of 2025, thanks to the cost-cutting and restructuring initiatives. The company also projects doubling sales to 450,000, but Goldman analysts estimate sales could be closer to 337,000. Is Nio stock a buy? Nio is experiencing significant growth in China, with increasing deliveries and rising revenue. The company has a unique battery-as-a-service offering that differentiates it from competitors. However, it faces stiff competition in China along with headwinds from geopolitical trade tensions. The stock is currently trading at a 0.95 price-to-sales ratio. Investors who are optimistic about its long-term potential and willing to overlook geopolitical tensions and fierce competition may want to consider buying the stock at that price. That said, its ongoing unprofitability and vulnerability to external economic and political pressures are headwinds for the stock. Before making a purchase, I'd look for improvements in its efficiency, along with signs that it is capturing a growing market share in China and improving its bottom line. Until then, most investors are best off looking elsewhere. Should you invest $1,000 in Nio right now? Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy. Should You Buy Nio Stock While It's Below $5? was originally published by The Motley Fool Sign in to access your portfolio
