Global economic output will top $100 trillion for the first time next year. China, however, will need a bit longer to reach the top of the world’s economies. That’s according to a report by the British consultancy Cebr, which predicted China will supplant the U.S....
Recent data from Dealroom, supported by France’s startup movement La French Tech, has revealed that the combined enterprise value of French startups founded since 2000 was €179 billion in 2021 — up 17.7x since 2010. With 31 homegrown unicorns — firms with a valuation of...
While Africa’s FinTech startup industry is booming, one country — Morocco — seems to be lagging behind, according to a report Monday (Dec. 27) by Morocco World News. The past few years have seen a number of FinTech startups in Africa grossing annual revenues of...
The UAE-based car-sharing service ekar is expanding into Saudi Arabia. As The National reported Monday (Dec. 27), the partnership will involve some of Saudi Arabia’s largest vehicle rental companies. ekar bills itself as an alternative to buying, leasing or renting a car for people who...
With supply chain problems persisting, unwanted and delayed goods have piled up — including things like rotten red cabbages, beer kegs and dog blankets, according to The Financial Times Saturday (Dec. 25). The upside? The goods have helped out the cargo salvage industry. Because of...
India’s Income Tax Department is carrying out a widespread crackdown on Chinese mobile companies, conducting searches at their Indian headquarters. According to multiple published reports Wednesday (Dec. 22), the searches involved companies that include Oppo, Xiaomi and One Plus, as well as some FinTech firms...
In today’s top Europe, Middle East and Africa news, Europe is set to account for 28% of cross-border eCommerce in 2022, while French payments firm Numeral has snagged $14.7 million in its latest seed round. Plus, the United Kingdom is moving to open banking 3.0,...
UBS has filed an appeal over a Paris court’s decision that upheld the company’s conviction for money laundering, Reuters reported Monday (Dec. 20). The decision also cut the penalty for reportedly helping wealthy clients evade taxes. Switzerland’s biggest bank said the decision “enables UBS AG...
In today’s top Europe, Middle East and Africa (EMEA) news, Italian luxury fashion firm Zegna goes public in a $3.1 billion deal; Europe’s digital healthcare sector gets a $30 million funding boost; venture capital investment in Saudi firms is on the rise; the Davos Economic...
