America’s Uber to seal $3.1 billion deal to buy Dubai-based Careem this week

Dubai: Uber Technologies Inc. is set to announce a $3.1 billion (Dh11 billion) cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, the […]

’Flashing amber’: Stocks tumble, bonds rally on US recession risk

Sydney: Investors ditched shares on Monday and fled to the safety of bonds as risk assets fell out of favour on growing fears of a US recession, sending global yields plunging. The gloomy mood was expected to spread across Europe and US markets, Spreadbetters showed, with London’s FTSE futures off 0.3 per cent and E-minis […]