International News

• Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East 26/03/2019
  Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.
• Saudi venture fund STV says Uber deal with Careem to help Mideast ride hailing firm grow 26/03/2019
  Saudi Technology Ventures (STV) said on Tuesday Uber's deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy.
• China video-streaming firm iQIYI targets raising $1.1 billion in convertible bonds 26/03/2019
  Video-streaming firm iQIYI Inc, backed by search engine giant Baidu, is looking to raise $1.05 billion in convertible bonds in what is likely to be one of the largest ever such sales by a U.S.-listed Chinese company.
• French Muslim group sues Facebook, YouTube over footage of Christchurch massacre 26/03/2019
  One of the main groups representing Muslims in France said on Monday it was suing Facebook and YouTube, accusing them of inciting violence by allowing the streaming of footage of the Christchurch massacre on their platforms.
• Samsung Elec flags earnings miss as chip prices slide 26/03/2019
  Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.