Skip to content
Food delivery platforms are helping independent and chain restaurants in London, Paris, Madrid and Warsaw serve more meals every week, boosting the sector's revenue and profit, according to a Deloitte report commissioned by Uber Eats. Food delivery has grown rapidly across Europe, initially driven by companies such as Just Eat and Takeaway.com that offered marketplaces for restaurants that had their own delivery services. Uber Eats, a unit of the ride-hailing service, Britain's Deliveroo and Spain's Glovo expanded the market by supplying their own delivery to both independent and chain restaurants....
Both the U.S. and China are vying for influence in Iraq, and most importantly, to gain control over giant oil fields such as the Qurna-1 field that’s just 50 kilometres away from oil hub Basrah...
(Bloomberg) -- For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, the group is making another bold gamble on America’s oil revolution: that’s its golden age is over.When the Organization of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, rather than reduce it, according to people familiar with the internal debate. The reason? They believe relentless U.S. oil production growth will slow rapidly next year.Iraq said on Sunday that OPEC and its allies will consider deeper production cuts, though the comments come after the coalition has widely signaled reluctance to take such action.OPEC isn’t alone. Across the industry, oil traders and executives believe U.S. production will grow less in 2020 than this year, and at a significantly slower rate than in 2018. On paper, the cartel has the oil market under control.Brent crude has...
Investing.com - Chinese e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd (HK:9988)’s shares in Hong Kong continued to dip on Monday after having risen nearly 10% since its high-profile debut last week....
(Bloomberg) -- Acosta Inc., the marketing firm owned by Carlyle Group LP, has gone bankrupt after big consumer-product firms decided to do more of the work themselves to keep up with changing consumer tastes.The Chapter 11 bankruptcy filing in Wilmington, Delaware, listed liabilities of $1 billion to $10 billion, and no more than $1 billion in assets. Recent records show the company had about $2.85 billion in bonds and loans outstanding, according to data compiled by Bloomberg.Acosta skipped its Oct. 1 bond interest payment and said it was working on a plan that would hand control over to its creditors. The aim is to wipe out debts and give the company a fresh start, Acosta said in a Nov. 8 statement.Investors were expected to commit $250 million in new equity capital. All of Acosta’s bank and bond debt would be swapped into equity, and other unsecured obligations would be covered.Brand HandlersThe...
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results......
Investing.com - Gold prices traded lower on Monday morning in Asia amid a tightened dollar and positive manufacturing Purchasing Managers’ Index (PMI) data from China....
