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Delivery Hero faces US$434 million antitrust fine

Delivery Hero faces US$434 million antitrust fine

Delivery Hero SE could be fined more than US$434 million by the European Commission for alleged anti-competitive behavior and will increase the provision it has set aside for this possibility, the food ordering service company said in a statement on Sunday. The company said its decision to “significantly increase” a corresponding provision already made in ...

Brazil says G20 agrees to avoid sensitive issues in preparatory meetings

Brazil says G20 agrees to avoid sensitive issues in preparatory meetings

G20 diplomats agreed to avoid sensitive geopolitical issues during their ministerial meetings to prepare for a summit of the world’s largest economies in November, the sherpa of host country Brazil said Friday. The meetings until October will avoid geopolitical debates in order to advance agreements on issues such as eClimate change, reducing world hunger, trade ...

Latin America has the fewest venture capital operations in the first half of the year

Latin America has the fewest venture capital operations in the first half of the year

PitchBook’s latest Venture Monitor report shows that during the first six months of the year, Latin America was the region with the fewest venture capital transactions (323) compared to North America (excluding Mexico), which totaled 6,971; Asia (4,596) and Europe (4,073); andIn the rest of the world, 810 operations were carried out. In terms of ...

Gold hits highest level since May as US jobs data cools

Gold hits highest level since May as US jobs data cools

Gold hit a six-week high after US hiring data pointed to a gradual cooling of the labor market, which reinforced expectations of lower interest rates in the coming months. Bullion rose 1.4% to $2,389.35 an ounce as of 1:30 p.m. Friday in New York, gaining after data from the U.S. Bureau of Labor Statistics. which ...

British Conservatives say Labour will sweep tomorrow's election

British Conservatives say Labour will sweep tomorrow’s election

On Wednesday, the day before the polling stations opened, Britain’s Conservative Party has all but conceded defeat to Keir Starmer’s Labour Party and warned that the opposition party was on course for an unprecedented victory. Opinion polls show the centre-left Labour Party is set for a big win in Thursday’s vote, that would end 14 ...

US jobless claims rise to 238,000 in early July

US jobless claims rise to 238,000 in early July

The number of Americans filing new claims for unemployment benefits rose last week, pointing to easing labor market conditions. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 238,000 in the week ended June 29, the Labor Department reported Wednesday. The report was released a day early, due to the Independence Day ...

The economic figures received by José Raúl Mulino, the new president of Panama

The economic figures received by José Raúl Mulino, the new president of Panama

On May 5th, José Raúl Mulino, lawyer and politician, won the presidential elections in Panama for the period that begins today and ends June 30, 2029.The new president joined the electoral race as a replacement for former president Ricardo Martinellisentenced to more than 10 years in prison for money laundering and today asylum in the ...

Risk index in Israel and Saudi Arabia worsens the most among emerging markets

Risk index in Israel and Saudi Arabia worsens the most among emerging markets

Israel and Saudi Arabia were the countries whose sovereign risk scores worsened the most during the first half of the yeardue to the deterioration of their fiscal positions, according to Goldman Sachs. Goldman economist Farouk Soussa said Israel’s war with Hamas and its drain on public finances caused the biggest decline in emerging market sovereign ...