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• European Commission VP Valdis Dombrovskis said that Bulgaria would not become a eurozone member before the beginning of 2025, stressing that the main challenge for the country is inflation, as the Balkan country aspires to adopt the euro as its currency before the beginning of 2024. Zoom out: Bulgaria, the poorest EU country, hopes that the euro will boost its economy and financial security, but its political crises make it difficult for them to fit the eurozo...Devamını Oku
24 Şub 2023
• Amazon CEO Andy Jassy wrote in a blog post that the company will lay off more than 18,000 employees. In November, reports came out that the firm will eliminate 10,000 jobs but the number of planned job cuts has been expanded. Jassy said the majority of the layoffs will be from the retail and recruiting divisions. The e-commerce giant admitted they hired too rapidly during the Covid pandemic. via CNBC Zoom out: Tech companies cut the most jobs in the US in...Devamını Oku
06 Oca 2023
• Germany is reportedly preparing to pass a law that would help bail out utilities that are impacted by soaring costs following Russia's energy cuts, fearing a ‘Lehman moment’ for energy firms. Zoom out: Uniper, the largest buyer of Russian gas in Germany, is the first candidate for a government bailout. Uniper's shares were down 24% due to risks associated with nationalization as the government would be able to acquire both voting and non-voting stakes under new ene...Devamını Oku
05 Tem 2022
• The Indian tax authority froze $478 million worth of assets belonging to Xiaomi in February on accusations of income tax evasion by the tech giant, Reuters reported. Zoom out: The legal altercation is the second Xiaomi faces in India alongside the block on $725 million worth of assets for alleged illegal foreign remittances.
13 May 2022
• Chinese e-commerce startup Shein is in talks for an investment round of $1 billion, Bloomberg reported, noting that the fast-fashion company is currently valued at $100 billion (€90.5 bn). Zoom out: A valuation of $100 billion would put Shein in third place among startups globally behind TikTok creator ByteDanceLtd. and Elon Musk's SpaceX.
04 Nis 2022
• Elon Musk danced and joked around with clients during Tesla's opening of its first European factory in Germany, and handed out 30 electric vehicles to a previously-selected group of 30 recipients. Zoom out: The "gigafactory" was due to start operations eight months ago, but was stalled by environmental approval processes fueled by widespread protests from climate activists.
23 Mar 2022
• Chancellor Olaf Scholz announced that Germany will provide Ukraine with 500 Stinger surface-to-air missiles and 1,000 anti-tank weapons, abandoning Germany's decades-old restraint of exporting arms to war zones. Germany will also supply Ukraine with 400 rocket-propelled grenades via the Netherlands, 14 armored personnel carriers and 10,000 tons of fuel via Poland, and 9 howitzers via Estonia. Zoom out: Germany previously offered Ukraine 5,000 helmets, refusing to s...Devamını Oku
28 Şub 2022
• Dating app Bumble completed its first acquisition , buying French dating app Fruitz in a deal that was kept private, in an attempt to obtain a larger presence among European Gen Z users. Zoom out: Bumble's international presence was previously limited to its status as the parent company of Badoo, a Russian social media network focused on romantic relationships, that has some popularity in Europe.
08 Şub 2022
• Warner Music agreed to buy the prominent hip-hip record label 300 Entertainment for more than $400 million (€350mn). via Tenor Zoom out: The sale of 300, the label behind names such as the rapper Megan Thee Stallion , whose songs were the most-used in TikTok this year, comes as music industry revenues are on the climb, transforming the business and making song copyrights more appealing through treating them like investments.
17 Ara 2021