The multibillion-pound sale of U.K. drugstore Boots has been derailed after a possible buyer walked away and several bidders raised concerns about financing a deal in the midst of Russia’s invasion into Ukraine, Financial Times reported Tuesday (March 1). A consortium of Bain Capital and...
The CEO of Austria’s Raiffeisen Bank, which has seen its market price halved in the last few weeks because it had a lot of exposure to Russia, doesn’t plan to pull out of the country in the wake of the recent war, Financial Times reported...
In today’s top Europe, Middle East and Africa news, the U.K.’s broadcasting watchdog is investigating a Russian-backed TV station over alleged bias in its coverage of the Ukraine invasion, while payments platform Payhawk has become Bulgaria’s first unicorn. Plus, Mastercard and Visa have blocked Russian...
The United Kingdom’s media watchdog is investigating the Russian-backed TV station over alleged bias in its coverage of the Ukraine invasion, the agency announced. On Sunday (Feb. 27), the Office of Communications, Ofcom, the government’s broadcasting regulatory authority, said it opened 15 investigations into the...
The global health crisis prompted consumers worldwide to experiment with new hobbies and consume new media. Extra time at home, as well as limits on in-person shopping, led to a surge in subscriptions for everything from video and music streaming services to retail, including pet care, dessert...
Regulated, instant, no limit on the amount or maturity. Those are three elements that Charles Egly, co-founder and group CEO at Younited Credit, says differentiate his firm’s solution from that of legacy credit firms or buy now, pay later (BNPL) players operating across the region....
Compared to developed markets in the United States and Europe, small and medium-sized businesses (SMBs) in the Middle East and North Africa region, from a building materials company or a paint manufacturer to a logistics or outdoor signage firm, all have a pain point when...
Uber will be speeding up the sale of its stake in a taxi joint-venture with Yandex, a Russian internet search company, in the wake of the Russian war taking place in Ukraine, Bloomberg reported Monday (Feb. 28). The ride-hailing titan will also take Uber executives...
Both cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia due to the sanctions there and the ongoing military action in Ukraine, Reuters reported Monday (Feb. 28). A Wise spokesperson said the London-based company plans to “keep these...
