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Falling Prices Point to Soft Landing for Economy
Falling Prices Point to Soft Landing for Economy
December 22, 2023  |  Economy

The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. In...

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Spotify Withdraws Support From Music Festivals to Protest French Tax
Spotify Withdraws Support From Music Festivals to Protest French Tax
December 22, 2023  |  Streaming

Spotify has withdrawn its support from two music festivals in France in response to the country’s introduction of a new tax that is opposed by...

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EU Nixes Provisional Agreement on Reclassification of Gig Workers
EU Nixes Provisional Agreement on Reclassification of Gig Workers
December 22, 2023  |  Gig Economy

European Union (EU) member states have rejected a provisional deal aimed at reclassifying millions of gig workers as employees. Officials from Spain, the current holder...

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Ola Electric Mobility Aims to Raise $661 Million in IPO
Ola Electric Mobility Aims to Raise $661 Million in IPO
December 22, 2023  |  IPO

Ola Electric Mobility, an Indian electric scooter manufacturer, is set to raise 55 billion rupees ($661 million) through an initial public offering (IPO), signaling its...

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War Slows Funding for Tech Startups in Israel
War Slows Funding for Tech Startups in Israel
December 22, 2023  |  Investments

U.S. investors are showing support for Israeli technology firms during the war between Israel and Hamas. The high-tech sector in Israel, which is the world’s...

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Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
December 22, 2023  |  B2B Payments

MaxAB, an Egyptian B2B eCommerce startup, and Wasoko, a Kenya-based eCommerce player, are reportedly in talks to merge their operations. The talks are ongoing and...

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Judge Dismisses Lawsuit Against Kroger’s Proposed Acquisition of Albertsons
Judge Dismisses Lawsuit Against Kroger’s Proposed Acquisition of Albertsons
December 22, 2023  |  Acquisitions

A U.S. judge has dismissed a consumer lawsuit that alleged Kroger’s proposed acquisition of grocery chain operator Albertsons would lead to reduced competition and increased...

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Indian Cloud Kitchen Firm Kitchens@ Raises $65 Million
Indian Cloud Kitchen Firm Kitchens@ Raises $65 Million
December 22, 2023  |  Investments

Indian cloud kitchen firm Kitchens@ has secured $65 million in Series C funding from London-based emerging growth investment firm Finnest. The company will use the...

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Revolut Reports Revenue of $1.1 Billion in 2022
Revolut Reports Revenue of $1.1 Billion in 2022
December 22, 2023  |  Earnings

British FinTech Revolut expects its revenue to reach $2 billion this year after rising to $1.1 billion in 2022. Last year’s revenue was up 45%...

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