A blank-check acquisition firm backed by veteran investor Bill Foley is nearing a deal to merge with Paysafe, valuing the U.S. payments company at around US$9 billion, including debt, people familiar with the matter said on Sunday.
BERLIN: Rubin Ritter, who has been co-chief executive of German online fashion company Zalando since 2010, will step down next year, leaving Robert Gentz and David Schneider to continue to lead the company as co-CEOs. Founded in Berlin by Gentz and Schneider in 2008, Zalando has quickly grown ......
Mastercard Inc said on Sunday it was investigating allegations against Pornhub.com following a newspaper column which said many videos posted on the adult website depicted child abuse.
INDIANAPOLIS, Indiana: Tina Morton recently faced a choice: Pay bills - or buy a birthday gift for a child? Derrisa Green is falling further behind on rent. Sylvia Soliz has had her electricity cut off. Unemployment has forced aching decisions on millions of Americans and their families in the ......
MELBOURNE: An Australian company has lined up the country's national science agency and Japanese firms to work on a plan to capture carbon dioxide, and liquefy and transport it to a site offshore Australia to be injected under the seabed. The push comes as the Australian government recently named...
BERLIN: The chief executive of Volkswagen , the world's largest vehicle maker by sales, expects autonomous vehicles to be ready for sale between 2025 and 2030, he told a magazine. Herbert Diess cited the improving performance of computer chips needed in autonomous cars while developments in ...
FRANKFURT: The European Central Bank (ECB) is set to unleash more stimulus for the eurozone at its last meeting of the year on Thursday (Dec 10), as the region's battered economy grapples with a second coronavirus wave. ECB chief Christine Lagarde in October all but promised that extra support...
BRUSSELS: Last-ditch discussions between the United Kingdom and the European Union over future trade ties are set to resume in Brussels later on Sunday (Dec 6), two days after they were “paused” amid "significant differences" on an array of issues. Britain's main negotiator, David Frost, arrived ...
Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday, ahead of a possible easing of U.S. sanctions after President-elect Joe Biden takes office.
Britain and the European Union sought on Sunday to strike an elusive trade deal, with failure likely to end with trade in chaos, markets tumbling and a huge economic price to pay.
