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Just Eat Takeaway sells US unit Grubhub for $650 million

In This Article: (Reuters) - Europe's biggest meal delivery firm Just Eat Takeaway said on Wednesday it struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million. (Reporting by Michal Aleksandrowicz; Editing by Muralikumar Anantharaman)




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Why investors should stick with stocks despite warnings of a ‘lost decade’ ahead




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Irish innovator makes history at James Dyson Awards

Humphreys's product dramatically reduces the price and increases the portability of the life-affirming treatment. Read more: Irish innovator makes history at James Dyson Awards




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Mizuho Financial Group to buy 15% of Rakuten Card for $1 bln

Japan's Mizuho Financial Group will take a 15% stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies' strategic alliance, they said on Wednesday.




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‘Fart blaster’ tops Christmas toy wishlist as experts predict record sales

Despicable Me 4 tie-in smells more like popcorn while a waddling duck and an interactive pet monkey also feature A “fart blaster” with a repertoire of 15 sounds that blasts “fog fart rings” and a waddling mother duck are among the toys destined to appear on Christmas lists as experts predict a…




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Musk, Ramaswamy Picked for US Government Efficiency Effort




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Web Summit: Chess Grandmaster Hans Niemann to face global opponents advised by AI

Hans Niemann is gearing up to play tens of thousands of players simultaneously at Web Summit. The chess world will try and break a new record at the Web Summit technology conference in Lisbon this week when Grandmaster Hans Niemann competes online against what he hopes will be tens of thousands of…




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Dogecoin Trade Goes From Meme to Reality as Donald Trump Confirms D.O.G.E

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.




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New polls show growing support for Czechia’s populist Motorists party

The right-wing populist party Motorists for Themselves, part of the Patriots for Europe group, has made significant gains, according to new polling data published by the Median agency. According to a poll conducted for the Czech News Agency, the Motorists could win 6% of the vote in the upcoming…




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AltLayer unveils ‘Autonome,’ a platform to create and deploy autonomous AI agents

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can email the…




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US Climate Official Tells COP29 Oil Boom Aids Energy Transition




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Former Walmart Executive’s Startup Is Near Deal to Buy Grubhub




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Bitcoin pushes past $90K amid meteoric 24-hour rally




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teardown: the SSD module is proprietary but replaceable, modular front ports, and the M4 Pro model has a beefier cooling rig than the M4 model

It shouldn’t be a big story that a desktop computer has upgradeable internal storage, but with Apple’s cute new 2024 Mac mini, that’s exactly where we are. It’s possible to pop the SSD out after removing a screw, and then switch in a bigger one. We didn’t run into the software blocks we saw in the…




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Mizuho Financial Group to buy 15% of Rakuten Card for $1 billion

In This Article: TOKYO (Reuters) - Japan's Mizuho Financial Group will take a 15% stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies' strategic alliance, they said on Wednesday. The share transfer is planned for Dec. 1,…




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What Are Republics, Exactly?

Republican ideals have evolved over millennia. Modern republics face challenges in upholding their foundational principles.




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Indian Fund Teams Up With UK and Norway to Boost Struggling Power Grid with $300 Million Injection




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China battery giant CATL would build US plant if Trump allows it, chairman says

China battery giant CATL would build US plant if Trump allows it, chairman says Trump wants to block Chinese EV, battery imports but open to US plants with American workers Contemporary Amperex Technology (CATL), the world’s top battery maker, will consider building a US plant if president-elect…




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J. Zachary Mazlish on median wages under Biden

An excellent post, one of the best things written this year in economics. Here is part of the bottom line: Inflation did make the median voter poorer during Biden’s term. In no part of the income distribution did wages grow faster while Biden was President than they did 2012-2020. This is true in…




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Shopify stock skyrockets ahead of the holiday season




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Japan's 7-Eleven owner eyes going private with $38bn buyout

TOKYO -- Japan's 7-Eleven convenience store chain owner Seven & i Holdings is considering plans to go private by means of a management buyout, Nikkei learned on Wednesday. In a statement responding to the reports, the retail giant has admitted that it has received such an offer from its founding…




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Markets Everywhere Are Getting Rattled by Trump’s US Agenda

Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Most Read from Bloomberg Equities excluding the US are tumbling, with an MSCI gauge at its lowest in three months. An index of…




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Daniel Lurie: San Francisco's moderate next mayor

The City by the Bay will soon have a new leader, as Democrat Daniel Lurie was elected the next mayor of San Francisco on Nov. 7. Lurie, a political newcomer, beat a fellow Democrat, incumbent Mayor London Breed, to earn the city's top job. He won the mayoral race by a large margin; Lurie led…




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Mutual Fund Investors Face Unwanted Tax Bills. Are You on the List?




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"We Must Do Whatever It Takes!" - Netherlands Reinstates Temporary Border Controls To Curve Illegal Immigration

"We Must Do Whatever It Takes!" - Netherlands Reinstates Temporary Border Controls To Curve Illegal Immigration Authored by Thomas Brooke via Remix News, The Netherlands has announced it will reintroduce internal border checks starting Dec. 9 in fresh efforts to manage illegal immigration. The…




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TV to watch in November, from 'Dune: Prophecy' to 'A Man on the Inside'

A new comedy from 'The Good Place' creator, a prequel to 'Dune' and the conclusion of one of America's most popular shows




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BT has left my 80-year-old dad without a landline for months

After hours of calls to BT, engineer no-shows, complaints raised and multiple promises, nothing has happened I am desperate to help my 80-year-old dad, JF, and his partner who have been left without a landline for more than two months by BT. This is especially difficult as my dad has relatives in…




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Climate change is threatening Florida's Key deer

As the United States continues to feel the effects of global warming and rising sea levels, there is renewed concern for the Key deer, a species native to the Florida Keys who could be pushed to cataclysmic levels by environmental change. The animal is the smallest deer species in North America —…




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Ford is slashing the working hours of some of its German factory employees amid what it calls a 'significantly lower than expected' demand for its EVs

Ford is getting its workers in Cologne, Germany, to work fewer hours. The carmaker said a "lower than expected demand for electric vehicles" brought on the shift. The carmaker has more than 4,000 employees at its Cologne plant. Ford is slashing the work hours of its manufacturing plant workers in…




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Bitcoin Rally Cools After Jump of About 30% Since Trump Victory

A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset is up about 30% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on…




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Japan's Seven & i says receives buyout proposal from founding Ito family




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YouTube is testing a new feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts through prompts

YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts. The small group of creators with access can enter a prompt to change up different elements in a song, such as its mood or genre, and the expansion of YouTube’s Dream Track AI feature will…




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Thames Water Gets Key Creditor Support to Advance Rescue Plan




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SoftBank is Nvidia's first Blackwell chips customer. Here's what they're going to be used for




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Trump win could be a double whammy for Hungary's economy

By Gergely Szakacs and Karin Strohecker BUDAPEST/LONDON (Reuters) - Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary - adding to inflationary risks due to a weak forint and lower output due to possible tariffs on…




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Teraco Taps Absa for $442 Million Loan for AI-Ready Facility

In This Article: (Bloomberg) -- Teraco Data Environments Ltd. hired Absa Group Ltd. to syndicate an 8 billion rand ($442 million) loan as the company gears up for a new facility to meet rising demand from artificial intelligence applications. Most Read from Bloomberg The facility will push…




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Australian Buyout Financing Activity Gets Boost From Lumus Deal




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Just Eat Takeaway announces that it is selling Grubhub to Wonder in a $650M deal expected to close in Q1 2025; Just Eat bought Grubhub for $7.3B in 2020

Netherlands-based Just Eat Takeaway announced today that it is selling Grubhub to Wonder in a deal valued at $650 million. The company said that it expects the deal to be completed by Q1 2025. “The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com…




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Bluesky Pulled a Million New Users After Election as More Abandoned Musk’s X

The reelection of Donald Trump as president last week brought a wave of jubilation to X (formerly Twitter). The influencers and megadonors who supported the Republican nominee delighted in the defeat of his opponent, Vice President Kamala Harris, while giddily speculating about the extremist…




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Yen Weakens to 155 Against Dollar, Raising Intervention Risk

In This Article: (Bloomberg) -- The yen weakened beyond 155 per dollar for the first time since July, raising the risk that Japan will enter the currency market to try to slow the depreciation. Most Read from Bloomberg The Japanese currency slid as much as 0.4% to 155.15 against the dollar,…




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US Startup Buys Just Eat Takeaway’s Grubhub for $650 Million

In This Article: (Bloomberg) -- Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic. Most Read from…




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The U.S. Can’t Beat China at Solar Power. It May Be Time to Join Them




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CNBC Daily Open: Postelection euphoria takes a breather

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. U.S. and Asia markets slip U.S. markets retreated on Wednesday after…




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Why identity security is having an identity crisis

Illumio’s Raghu Nandakumara argues that non-user entities represent ‘the next frontier of risk’ in cybersecurity. Read more: Why identity security is having an identity crisis




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Swedish Fintech Klarna Files for Widely Expected IPO in US

Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing. Most Read from Bloomberg Klarna confidentially submitted a draft registration statement to the Securities and Exchange…




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Klarna files for a US IPO; analysts put Klarna's implied valuation at ~$14.6B in October 2024 after shareholder Chrysalis upped the value of its stake to $154M




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Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The EU is considering replacing Russian liquified natural gas imports with US shipments — a move that could hit President Vladimir Putin's war chest. Contributor/ Getty Images Trump's presidency may pressure Russia's oil and gas industry. The EU is thinking about replacing Russian LNG with US…




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Iranian, Russian Card Payment Systems 'Officially Linked': Tehran

Iranian, Russian Card Payment Systems 'Officially Linked': Tehran Via The Cradle Iranian and Russian card payment systems were formally linked this week, coming as the two nations have been working together to circumvent economic sanctions imposed by Washington and the west. The announcement…




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Seven & i's reported offer and the biggest management buyouts to date

Japan's Seven & i Holdings said on Wednesday it has received a buyout proposal from its vice president who is a member of its founding Ito family.




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Tesla's Chinese Battery Supplier CATL 'Open Minded' About US Expansion If Trump Welcomes Chinese Investments

Amid the evolving landscape of U.S.-China trade relations, CATL, one of the world’s largest battery manufacturer, has expressed interest in establishing a manufacturing plant in the United States. What Happened: Robin Zeng, the founder and chairman of CATL, shared this perspective in a recent…