VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by 48%, according to its annual report for 2023. In its annual report, VNV set Wasoko’s fair value at around $260 million as of December 2023, the month that Wasoko announced its planned merger with its Egyptian counterpart, MaxAB. The valuation is based on VNV’s 4.2% stake in the startup, which VNV values at $10.9 million. This is not VNV’s first markdown for Wasoko. In Q4 2022, it valued Wasoko at $501 million, just…
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The new law, which was passed by 400 of 415 of lawmakers present, will describe marriage as a partnership between two individuals, instead of between a man and woman. And it will give LGBTQ+ couples equal rights to get marital tax savings, to inherit property, and to give medical treatment consent for partners who are incapacitated.
Screenshot: Yashar Ali Sean “Diddy” Combs, a prominent hip-hop mogul, saw federal officials raid his Los Angeles and Miami homes as part of a sex trafficking and sexual assault investigation. The raids come in the wake of multiple lawsuits filed against Combs, accusing him of sexual misconduct and assault as well as other alleged offenses. Stunning videos from the raids surfaced online, some showing members of Diddy’s entourage being led out at gunpoint. Multiple law enforcement agents were seen carrying bags and boxes of evidence to a van. The allegations against Combs that prompted the raids are shocking. Combs’ former…
The Chinese city of Hong Kong had a rough 2023. Hong Kong’s economy grew by 3.2% last year, slightly slower than economists expected, and far below the government’s forecast of 4-5% at the beginning of 2023. A hoped-for post-COVID boom in travel and retail has fizzled out. A slower-than-expected Chinese economy is also dragging down the city’s stock market, with the Hang Seng Index now hovering around the level it was in July 1997, when the city returned to Chinese sovereignty. “It pains me to admit it, but Hong Kong is now over,” Stephen Roach, the former chairman for Morgan…
Trump Media & Technology Group closes 16 percent higher, giving the company a market capitalisation of nearly $8bn. Shares of former Donald Trump’s social media company soared by as much as 59 percent on the first day of trading on Wall Street, boosting the former United States president’s expected windfall as he faces a growing list of legal bills. The Trump Media & Technology Group reached $79.38 per share at its peak on Tuesday, before closing 16 percent higher at $57.99, giving the company a market capitalisation of nearly $8bn. Trump Media’s rip-roaring market debut, despite operating losses of $10.6m…
Rather than asking why NBC decided to hire McDaniel, we should ask why McDaniel wanted to join such an obviously corrupted institution.
The Wisconsin Supreme Court on Tuesday let stand a lower court ruling that declared some delivery drivers for Amazon were employees as the state argued, not independent contractors as the online retail giant contended. The court, in a unanimous decision, said the appeal was “improvidently granted,” meaning the Supreme Court should not have reviewed the case. That decision dismissing the case, issued after the court heard oral arguments, leaves a 2023 Wisconsin appeals court ruling against Amazon in place. That ruling found that drivers in the Amazon Flex program are a part of the state’s unemployment insurance system and entitled to jobless…
It wasn’t easy to grab ahold of the Mega Xbox 360 building set when it was first launched in September, but not only is it now in stock, it’s also on sale. Right now, you can buy the adorable collector set at Target for $99.99 ($50 off) — an all-time low and its first discount to date. The Target-exclusive set comes with 1,342 Mega Bloks you can use to build a replica of Microsoft’s 2005 console, a “copy” of Halo 3, and even a physical achievement notification. These blocks are like Mattel’s versions of Legos, which are pretty slick, even…
Israel says the ceasefire demand led Hamas to reject a deal, but the US calls the claim inaccurate.
Source: MSNBC YouTube The First Lady Jill Biden hit a new low over the weekend when she outrageously compared the Republican-led state of Florida to Nazi Germany as she desperately tries to campaign for her husband amidst his abysmal approval ratings. Jill’s Insane Nazi Germany Comparison While speaking to an audience of Democrats in California who had paid $100,000 a ticket to see her, Jill claimed that $100,000 a ticket. “History teaches us that democracies don’t disappear overnight,” Jill said, according to Daily Mail. “They disappear slowly, subtly silently. A book ban a court decision, a Don’t Say Gay…
On March 7, the European Union and Mauritania inked a 210-million-euro ($227m) migration deal. The agreement was spearheaded by the EU and lobbied for by the Spanish government, which is worried about an uptick in undocumented migration to the Canary Islands. In January, more than 7,000 arrivals were recorded on the islands. The migration deal aims to decrease these arrivals by supporting the Mauritanian border and security forces to combat people smuggling and human trafficking and bolstering Mauritanian border management and surveillance capacities. The deal also promises funds for job creation in the country, strengthening the asylum system and legal migration…
The baseball superstar gathers the media and declares he’s the victim of theft by his allegedly gambling-indebted former interpreter. Can baseball breathe a sigh of relief?