The European Commission announced a formal investigation into Berlin-based food delivery giant Delivery Hero and its Spanish subsidiary, Glovo, on Tuesday, citing cartel concerns. The Commission will launch an in-depth probe into agreements between the online delivery firms to establish whether any anticompetitive activity has taken place. “The Commission is concerned that, before the takeover, […]
Delivery Hero warns it could face €400M antitrust fine
Berlin-based food delivery giant Delivery Hero has warned investors it may “ultimately” face an antitrust fine of up to €400 million. The development, reported earlier by Reuters, follows unannounced raids by European Union authorities on the offices of Delivery Hero and its Spanish subsidiary Glovo back in July 2022 and November 2023. The EU did […]
Portugal vs. Slovenia final score, result: Diogo Costa the shootout hero after Ronaldo spot kick miss
Portugal edged into Euro 2024 quarterfinals by the thinnest of margins after a penalty shootout win over Slovenia in the Round of 16. Cristiano Ronaldo will lead Portugal against France on July 5 in Hamburg after a rollercoaster night for the veteran superstar. Slovenia produced an incredible defensive display to frustrate Portugal across 90 minutes, […]
Roman Yaremchuk The Hero As Ukraine Come Back To Beat Slovakia At Euro 2024
Roman Yaremchuk emerged from the bench to score the winning goal as Ukraine produced a stirring fightback to beat Slovakia 2-1 and kickstart their Euro 2024 campaign on Friday. Slovakia knew victory in Duesseldorf would take them through to the knockout stage with a game to spare and they went ahead on 17 minutes thanks to Ivan […]
Hero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($ 12.2 million at today’s exchange rate). For the past couple of years, the company has been quietly building an ambitious banking product for small companies that can essentially replace everything you’d expect from a […]