Europe has reportedly been hit by nearly $1 trillion for skyrocketing energy costs as a result of the Russia and Ukraine war, pushing the worst crisis in decades in just getting off the ground.
Post this winter, the region will have to replenish its gas resources with little to no supplies from Russia, leading to growing competition for gas tankers. Even with more LNG or liquefied natural gas import establishments springing online, the market is likely to remain cramped until 2026, when additional generation capacity from the United States to Qatar becomes obtainable. That
Well-known award-winning payments powerhouse, PayTabs has reportedly disclosed the acquisition of a 100 stake in Turkeys significant social commerce platform, Paymes. The acquisition comes around the heels of the purchase of Saudi Arabias Digital Pay by PayTabs in November 2022.
Paymes, as per the terms of the acquisition, would serve as PayTabs social commerce platform to empower millions of artisans, freelancers, consultants, personal trainers home based business owners, and micro vendors in the Middle East and Africa for receiving instant payments.
Egypt's end-to-end courier management platform Voo has changed its name to SideUp and has reportedly changed its strategy to offer a complete range of e-commerce support services, which include payment gateways and API integration for shipping, fulfillment, warehousing, and advisory.
The startup, which recently expanded after securing $1.2 million in seed funding, will now be headquartered in Saudi Arabia.
Reportedly, 500 Global, Launch Africa VC, Al Tuwaijri Fund, Riyadh Angels, Alex Angels, and Saudi angel investor Faisal AlAbdu
Life insurance company, Max Financial Services Limited (MFSL), has recently announced that it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire the balance stake of 5.17% owned by MSI (Mitsui Sumitomo Company Limited) in Max Life (Max Life Insurance Company Limited).
Under this transaction, which entails the purchase of 1.2 million (9.91 crores) Max Life’ shares at USD 1.03 (INR 85) per share by MFSL, the parent company of Max Life, according to the Put/Call option has been approved by the MFSL Board on 3 March
Thousands of warehouse workers of leading e-commerce giant Amazon are planning to participate in the protests and walkouts across 40 countries in view of coinciding with Black Friday sales, which can be touted as one of the busiest days of the year for online shopping.
The employees in the U.K., U.S., India, Australia, South Africa, Japan, and across Europe are demanding better wages and improved working conditions as the crisis of cost-of-living deepens through a campaign, namely “Make Amazon Pay.”
According to credible s
reportedly going to participate in the first of 3 days of strike over pay, pensions, and working conditions and pensions.
Hence, around 2.5 million students may face disruption as thousands of university staff participate in the industrial action, in what is believed to be the biggest strike in the history of higher education in the UK.
The UCU (University and College Union) claims that the strike, which will continue in the next week will bring the sector to a halt.
As per sources, at 19 univers
Workers at the world’s largest Apple iPhone manufacturing in Zhengzhou, China, have reportedly begun protesting over wages, according to reports.
It has been reported that hundreds of employees protested, and some were confronted by riot police and hazmat suits.
As per sources close to the move, cops beat up on workers. Foxconn, a leading tech manufacturer and service provider, claimed that it would cooperate with local authorities and employees to stop further violence.
The company st
Beijing has reportedly shut parks and museums and Shanghai has tightened restrictions for visitors entering the city, as China struggles with an increase in Covid-19 cases that has heightened worries about the economy and dimmed prospects for a rapid reopening.
Infections in the southwestern region of Chongqing and the southern province of Guangzhou accounted for about half of the country's 28,127 new local Covid-19 cases reported this week, which is approaching the highest number of cases, just like in April.
Beijing's admini
The republic is Sudan is reeking under dengue fever as more than 1,400 people have reportedly been diagnosed with the disease this year, which is the worst outbreak in more than a decade.
Around 50% of the 18 states in the country have recorded dengue cases, and 9 people, including 1 child have lost their lives as well. The WHO suspects that the true number of cases is much higher than the registered ones.
Dr. Muntasir Osman, director general of emergencies, federal ministry of health, claimed that with 1,430 registered cases of
