UAE’s Emirates Telecom buys 50% stake in Careem super app for $400m

UAE telco company, Etisalat, is taking a page out of India’s playbook by launching its own super app, Breakingviews. Hoping to emulate the success of India’s Jio Platforms and its all-in-one app JioMart, Etisalat’s Breakingviews aims to offer customers a seamless experience that combines e-commerce, digital payments, and a variety of other services. As the … Read more

Bitcoin Surpasses $30,000 for the First Time in 10 Months as Investors Bet on Fed Shift

Bitcoin has been on a rollercoaster ride in 2021, surpassing $30,000 for the first time on January 2nd. This latest surge is partly due to investors anticipating the end of rate rises and seeing Bitcoin as a hedge against higher inflation. But with its notorious volatility, the cryptocurrency market is not for the faint of … Read more

FTC seeks preliminary injunction against ICE’s acquisition of Black Knight

The Federal Trade Commission (FTC) has called for a temporary halt to the proposed acquisition of Black Knight, a mortgage technology firm, by Intercontinental Exchange (ICE). The FTC has expressed concerns that the deal could lead to reduced competition, ultimately hurting consumers. The proposed merger, worth $11 billion, has already faced opposition from industry experts … Read more

Microsoft proposes solutions to EU to gain approval for Activision acquisition

Microsoft’s impending acquisition of Activision Blizzard is under scrutiny following concerns from EU regulators that the deal could harm competition in the gaming industry. To seek approval from the EU, Microsoft has presented a plan of remedies offering concessions that would address concerns about their market position. This article will explore the EU’s concerns and … Read more