Tech etcetera
Uber announced its decision to shut down the alcohol delivery platform, Drizly, by March. The ride-hailing app had acquired Drizly for $1.1 billion three years ago, during a time when home alcohol delivery was gaining popularity. However, the growth in the delivery market has slowed down since then, leading to this strategic move by Uber.…
French television star and entrepreneur, along with a group of investors, is seeking 280 million Swiss francs ($330 million) from Nespresso, following the collapse of a company that aimed to provide a more environmentally friendly alternative to the aluminum capsules sold by the coffee-pod giant. The ongoing legal battle between Nespresso and the plaintiffs highlights…
British energy major Shell made an announcement on Tuesday regarding the sale of its Nigeria onshore division, SPDC, for up to $2.4 billion. This move comes as Shell had previously indicated its intention to exit the troubled Niger Delta region. The sale of the onshore Nigeria unit is part of Shell’s ongoing efforts to streamline…