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Kuwaiti E-Commerce Firm Draws Careem Backer in New Funding Round Jun 27 2021, 3:20 PM June 27 2021, 11:30 AM June 27 2021, 3:20 PM (Bloomberg) An early investor in ride-hailing firm Careem is backing Kuwaiti e-commerce company Floward, which expects to post a profit next year as the pandemic accelerates a shift to online sales. (Bloomberg) An early investor in ride-hailing firm Careem is backing Kuwaiti e-commerce company Floward, which expects to post a profit next year as the pandemic accelerates a shift to online sales. The company said its series B funding round raised $27.5 million and was led by STV, a Saudi technology venture capital fund that previously invested in Careem, which was acquired by Uber Technologies Inc. for $3.1 billion. ....
(Bloomberg) Coca-Cola Co.’s Nigeria unit said it has seen a threefold increase in e-commerce sales this year after virus-induced lockdowns inspired a change in consumer habits in Africa’s most populous country.
Apple May Revive $1 Billion Irish Data Center: Business Post Jun 27 2021, 4:03 PM June 27 2021, 2:53 PM June 27 2021, 4:03 PM (Bloomberg) Apple Inc. is seeking a five-year extension to its planning permit for an 850 million euro ($1 billion) data center development in Galway, western Ireland, the Business Post newspaper reported, citing planning documents. (Bloomberg) Apple Inc. is seeking a five-year extension to its planning permit for an 850 million euro ($1 billion) data center development in Galway, western Ireland, the Business Post newspaper reported, citing planning documents. An extension would give the company until 2026 to construct the facility. Under current rules the tech giant has until September to build the development, the newspaper said. ....
Jun 26 2021, 10:45 AM June 26 2021, 5:30 AM June 26 2021, 10:45 AM (Bloomberg Opinion) Mukesh Ambaniâs rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that heâs undertaking his lifeâs âmost challengingâ mission by investing 750 billion rupees ($10 billion) in clean power and fuel over three years. (Bloomberg Opinion) Mukesh Ambaniâs rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that heâs undertaking his lifeâs âmost challengingâ mission by investing 750 billion rupees ($10 billion) in clean power and fuel over three years. It doesnât appear to be a big capital commitment from Indiaâs most powerful businessman, certainly not when heâs just raised $44 billion of capital during a pandemic, and made the $180 billion balance sheet of his flagship Reliance Indus ....