Latest News

Deliveroo Raises to Develop Food Delivery Business

Deliveroo, the online food delivery company in the UK, reported of another $180 million raise by the investors. Planning to have its first sale of stocks in the forthcoming months, the food company will go through the largest issue of shares after 3 years. Will Shu, the company’s founder, said with this financial support we can keep innovation and advancement of technologies used in restaurants, develop our delivery work, and offer a wide range of choices to our customers. Offering service to 12 countries including Australia, Singapore, Hong Kong, the United Arab Emirates and other western Europe countries, Deliveroo didn’t reveal how much it has raised from each investor. The investment will be spent to boost delivery-only food business and online ordering restaurants. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Investors Under Threat As Debt Goes Up

The world countries, especially developed countries, are facing risks as debt levels rise due to the grievous coronavirus. Climbing to a high of more than $272 trillion during the third quarter, global debt is soon expected to hit another record by the end of 2020. As the plight goes on, governments across the world have resorted to stimulus packages to assist their people and companies. Affirming debts as one main concern in developed countries, Sonja Gibbs, IIF’s managing director of global policy initiatives, said debt keeps soaring in mature industries.  According to him, trivial growth and surging debt, by another 50%, seen in the developed markets during the pandemic are the issues faced by their governments. There is also risks for investors, putting funds in government bonds, he added. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments