Food delivery giants: Just Eat to buy Grubhub for $7.3b

New York: Anglo-Dutch meal delivery firm Just Eat Takeaway.com agreed to acquire US company Grubhub for $7.3 billion (Dh23.8 billion) to form the world’s largest online food delivery company outside of China, they announced Wednesday. The deal comes as both companies have experienced strong growth in the wake of the coronavirus pandemic from customers stuck […]

UK’s economy has just gone through its worst monthly contraction

London: Britain’s economy shrank by a record 20.4 per cent in April from March as the country spent the month in a tight coronavirus lockdown, official data showed in what is likely to be the bottom of the crash before a long and slow recovery. In a slump that dwarfed previous downturns in Britain’s recent history, […]

Goldman says there’s still room for gains in emerging stocks

New York: The recent rebound in emerging-market stocks isn’t over yet as investors move to assets that benefit from an improved outlook for the global economic recovery, according to Goldman Sachs Group Inc. “We’re quite positive on EM stocks on a tactical basis,” said Caesar Maasry, a New York-based emerging-market strategist at the firm. “There has […]