Uber Technologies announced that it plans to buy Postmates for a price of $2.65 billion, Reuters reported. The ride-hailing app developer aims to expand its footprints in the food-delivery business. Uber recently considered acquiring Grubhub, a US-based online food delivery company that entered last month into an acquisition deal by …

The number of coronavirus disease (COVID-19) cases has exceeded 11 million on Friday, Reuters reported. The disease has resulted in more than half a million fatalities in seven months. The US registered more than 55,400 new cases on Thursday, a new daily worldwide record. The World Health Organization (WHO) recently …

The Spanish government signed an agreement with business leaders and unions on Friday to reactivate the economy and create job opportunities, local paper El Pais reported. The agreement includes a support plan of EUR 40 billion for business loans aimed at funding the digital transformation of Spanish companies and businesses. …

Monetary policy should not be the main line of defense for Europe against the economic impact of the coronavirus disease (COVID-19) pandemic, said Klaas Knot, the Governor of the Dutch Central Bank. Knot, who is a member of the European Central Bank (ECB) Governing Council, said that a strong fiscal …

Ripple is being sued for selling its XRP token in an unregistered securities offering, the Coin Telegraph reports. A number of class-action lawsuits have been reportedly filed against Ripple in recent months. In addition, former Chairman of the Commodity Futures Trading Commission (CFTC), Chris Giancarlo, is arguing in a recently …

Jean Castex will lead a new French government, after being named by President Emmanuel Macron as prime minister. Macron, who was elected in 2017, promised a cabinet reshuffle in recent days to focus on recovery from the negative economic impacts of the COVID-19 pandemic. The new Prime Minister of France, …

European stocks declined on Friday, despite recent PMI data showing recovery signs in the Eurozone, as well as the in the US and China. The pan-European STOXX Europe 600 index closed down by 0.93% at 364.86, but up by 1.83% for the week, despite giving up some of its gains …

The New Zealand Dollar (NZD) is showing a strong performance against major currencies, supported by improved risk appetite. Positive indicators from European PMI reports showed that June saw the best economic activity since the beginning of the COVID-19 pandemic. Gains by Asian stock markets also helped push the risk appetite …

All the debt issued by the European Union (EU) to help its member states in the fight against the coronavirus disease (COVID-19) pandemic will eventually be paid back, according to Spain’s Minister of Economy Nadia Calvino. “The long-term sustainability of the debt is guaranteed and we are making plans and …

The headline seasonally adjusted IHS Markit/CIPS UK services purchasing managers’ index (PMI) for business activity posted 47.1 in June, up from its level in May at 29, reaching its highest level in four months. The index survey showed that around 33% of participants reported a drop in business activity during …