Uber-backed ride hailing app Careem is halting its operations in Qatar
The surprise announcement, which went into effect immediately on Feb. 28, comes just months after Qatar hosted the 2022 World Cup.
As Russian forces bear down on Bakhmut, Ukraine admits situation there is ‘more and more difficult’
Officials in Kyiv have conceded that the situation is rapidly deteriorating around Bakhmut, a besieged city in eastern Ukraine.
Brexit deal hailed as ‘turning point’ for Northern Ireland, but could still face opposition in Belfast
The new Brexit deal signed by the U.K. and the European Union on Monday was heralded as a “turning point” for Northern Ireland, but must still pass muster in Belfast.
Payments firm Klarna posts smaller Q4 loss, eyes return to profit
“Buy-now, pay-later” firm Klarna aims to return to profit by the summer, the company said on Tuesday, as it reported wider losses for 2022.
Big Tech vs. Big Telco: Top EU official says there’s no ‘battle’ over network funding
European Commissioner for the Internal Market Thierry Breton said there is not necessarily a “battle over fair share between Big Telco and Big Tech.”
Credit Suisse ‘seriously breached’ obligations in Greensill case, Swiss regulator says
Credit Suisse “seriously breached its supervisory obligations” in the context of its business relationship with financier Lex Greensill and his companies, Swiss regulator FINMA concluded Tuesday.
Santander lifts profitability goal to 15-17%, pay-out to 50% in 3-year strategy
Spain’s Santander said it plans to raise its return on tangible equity ratio to between 15%-17% for the period 2023-2025.
India’s Adani to repay up to $790 million share-backed loans by March, sources say
The group will hold a fixed-income roadshow this week in Singapore and Hong Kong to shore up investor confidence amid share price falls and a regulatory probe.
CNBC Daily Open: Stocks rebound from their worst week this year — but analysts aren’t optimistic
Markets pulled back from their lows of last week and managed to stage a rebound. But they’re still on track to end February in the red.
ChatGPT use could spark a new market for chipmakers worth ‘tens of billions’ annually, Bernstein calculates
Chips driving AI queries could mark a multi-billion dollar annual market opportunity for the semiconductor industry, according to Bernstein.
