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Instacart files for IPO revealing profit, PepsiCo investment

BLOOMBERG Instacart joined chip designer Arm Holdings Ltd in moving ahead with an initial public offering, adding momentum to a return of high-profile listings. The largest US online grocery delivery company disclosed in its filing with the US Securities and Exchange Commission that PepsiCo will buy $175 million in preferred convertible stock. The company also revealed it turned a profit ...

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Google, Twitter, Facebook  Under EU scrutiny as new rules kick in

BLOOMBERG Meta Platforms Inc, Google and X, formerly known as Twitter, will need to adhere to strict new content moderation rules in the European Union (EU) when a new law governing social media platforms becomes legally enforceable. Alphabet Inc’s Google said that it’s making several changes to comply with the EU’s Digital Services Act (DSA), including expanding access to data ...

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UAE leaders wish President of Moldova on Independence Day       

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Maia Sandu of Moldova on the occasion of her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

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