Careem’s key challenge, as with many services in both Qatar and the UAE, will be managing the rapid influx of customers and keeping up with demand.Story Published at: November 18, 2022 at 07:12AM
You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
Alibaba says 15% of China delivery areas were disrupted during Singles Day shopping festival
China’s Covid controls disrupted Alibaba’s ability to deliver packages, the company said, dragging down the e-commerce giant’s sales in a competitive market.Story Published at: November 18, 2022 at 04:27AM
Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX’s collapse will bring more industry pain.Story Published at: November 18, 2022 at 01:17AM
Binance exec says ‘it was like a bomb went off’ at FTX, compares Bankman-Fried to Madoff and Elizabeth Holmes
Binance strategy chief Patrick Hillmann said it took two hours of due diligence on FTX to determine his company couldn’t save the crypto exchange.Story Published at: November 18, 2022 at 12:23AM
FTX used corporate funds to purchase employee homes, new filing shows
Corporate funds were used by FTX to purchase homes for the benefit of employees, a bankruptcy filing from new CEO John Ray III said.Story Published at: November 17, 2022 at 08:20PM
After ASEAN and G-20, diplomats make last push on Ukraine crisis at APEC
APEC is shaping up as the platform for a final diplomatic push with all eyes on the bloc to see if it delivers a joint statement that comes close to a unified position on Ukraine. Story Published at: November 18, 2022 at 12:52AM
FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing
FTX lawyers said Bahamian regulators directed Sam Bankman-Fried to transfer digital assets to the custody of the Bahamian government.Story Published at: November 17, 2022 at 08:59PM
Amazon CEO Andy Jassy says layoffs will continue into next year
Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday.Story Published at: November 17, 2022 at 09:59PM
Elon Musk sets more in-office requirements at Twitter, threatens lax managers
A pair of new emails from Elon Musk to Twitter employees says managers must meet in-person with employees — even exceptional ones — at least monthly.Story Published at: November 17, 2022 at 09:27PM
Elon Musk says Twitter employees must commit to ‘hardcore’ culture by 5 p.m. Eastern time
Twitter shared a document overnight with employees, telling them they have to commit to Elon Musk’s working demands or resign. Story Published at: November 17, 2022 at 08:41PM