Experts warn that the autonomous territory is headed for a recession after weeks of protests destroyed the retail sector and disrupted the booming tourism industry.
The company, which is now valued at $800 billion, will not have to pay anything in federal taxes this year and this is not the first time this happens.
The American ride-hailing company will pay $1.4 billion in cash for the Dubai-based company and $1.7 billion in convertible notes, and Careem shareholders will have until Monday to agree with the terms.
Physical retailers have been going bankrupt at an alarming rate, and now it was time for Shopko. The rural retailer was in huge debt and it will shut down its operations by June.
Some of the major tech companies in the world are already investing big bucks towards the development of cloud-based gaming services, and here are the big names.
