logo
Prosus 'very confident' of early EU antitrust nod for $4.7-billion Just Eat deal

Prosus 'very confident' of early EU antitrust nod for $4.7-billion Just Eat deal

Reuters3 hours ago

BRUSSELS, June 23 (Reuters) - Prosus (PRX.AS), opens new tab is "very confident" of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com (TKWY.AS), opens new tab, the Dutch technology investor said on Monday.
Prosus sought approval for the deal from the European Commission on Friday, the company told journalists, as it seeks to create what it calls a "European tech champion" of food delivery.
"We are working constructively with the Commission and are fully committed to securing approval and closing the transaction as swiftly as possible," the company said in a separate emailed statement.
The Commission, which acts as the competition enforcer in the 27-country European Union, could clear the deal with or without concessions, or it could open a four-month investigation at the end of its preliminary review if it has serious concerns.
The deal would make Prosus, which is majority owned by South Africa's Naspers (NPNJn.J), opens new tab, the world's fourth-largest food delivery company after Meituan (3690.HK), opens new tab, DoorDash (DASH.O), opens new tab and Uber (UBER.N), opens new tab, according to ING analysts.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amazon slashes price of massive 10ft paddling pool that's ‘big enough for adults' & makes you feel like you're on hol
Amazon slashes price of massive 10ft paddling pool that's ‘big enough for adults' & makes you feel like you're on hol

The Sun

time36 minutes ago

  • The Sun

Amazon slashes price of massive 10ft paddling pool that's ‘big enough for adults' & makes you feel like you're on hol

AMAZON has slashed the price of a massive 10-foot paddling pool that's "big enough for adults" and makes you feel like you're on holiday in your back garden. And it is perfect for keeping the kids entertained in the garden during the long summer school holidays. The Intex Easy Set Up 10-foot pool price has been slashed by 20%, and the new £42.99 price tag is much lower than the original £53. Its three-layer reinforced material construction, is advertised as puncture-proof and robust, ready for a full summer of fun. The 10 feet x 30 inch pool has a water capacity of 3,854 litres and it measures 305cm x 76 cm. Buyers also receive a filter pump, protective cover and even a repair patch kit for any tears. It is designed for children six years and older and the pool is easy to drain and fold away when the summer heat ends. Buyers have praised the summer buy and one said: "I bought this Intex Easy Set Swimming Pool for my two children at the beginning of Summer. "And they have had so much fun splashing around in it when we have set it up for them. "The pool has easily fit both of my children and also my husband inside it with room still spare for another adult and maybe two more children." Another added: "Excellent pool and well worth the money paid. Bigger than expected but not complaining at all." While a third shopper said: "This was perfect for the hot weather and easy to set up." Best budget paddling pools under £40 - Our test reveals top picks for summer fun Elsewhere, shoppers are flocking to get their hands on the perfect paddling pool to keep kids cool this summer. At just £8.99, it folds away effortlessly, making storage easy for the colder months. Shoppers have also gone wild for this excellent paddling pool which comes in at just under a tenner. Five ways to keep your kids cool in the heat IT can be really difficult - and costly - to keep kids cool when it's hot outside. But Fabulous Digital Senior Reporter and mum-of-two Sarah Bull shares five ways to help, and they won't break the budget either. Strip them off It might sound simple, but stripping kids off at home can really help them regulate their temperature when it's warm outside. Just remember to regularly apply suncream, as more of their skin will be exposed to the sun. Cool down bedrooms before nighttime When it's hot outside, it can be difficult for kids to go to sleep - especially if their bedroom feels like an oven. If you have a room that's not in direct sunshine, keep the windows open to let in a breeze. It's also a good idea to keep the curtains closed, to prevent the room from heating up. Wear a hat Another simple technique, but one that really works. Make sure that if your kids are playing outside, they've got a hat on. It keeps their face and head shielded from the sun, and also helps if you've got a little one who struggles with bright sunlight. If your tot struggles to keep a hat on, try one with a strap that goes under the chin to help. Avoid the car The car can be one of the hottest places during a heatwave, and often takes a long time to cool down. If you have the option, it's better to stay at home rather than taking kids out anywhere in a hot car. Stay hydrated This is always important, but even more so in a heatwave. Make sure you're regularly reminding your kids to have a drink, and top them up with cool liquids whenever you can. Use ice too to ensure it's as cold as it can possibly be. Finally, from buying better bedding to keeping your PJs ON – here all the surprising ways to keep cool at night in a heatwave.

EU halts talks on law tackling companies' fake 'green' claims
EU halts talks on law tackling companies' fake 'green' claims

Reuters

time38 minutes ago

  • Reuters

EU halts talks on law tackling companies' fake 'green' claims

BRUSSELS, June 23 (Reuters) - The European Union halted negotiations on Monday on a planned law requiring companies to back up their climate-friendly claims with evidence, after the European Commission said the policy would overburden small companies and threatened to shelve it. The dispute is the latest move by Brussels to weaken or simplify its green agenda, as the EU attempts to contain a political backlash against ambitious environmental policies, and to slim down regulation for struggling industries. A spokesperson for Poland, which holds the EU's rotating presidency, said it had decided to cancel a round of negotiations on Monday between EU countries and lawmakers, who are attempting to finalise the EU's green claims law. "We are hitting the pause button," the spokesperson said. "There are too many doubts and we need clarity from the European Commission on its intentions - based on that we can decide on the next steps." It was not clear if negotiations would restart, they said. The European Commission, which proposes new EU laws, said on Friday it intended to withdraw the proposed green claims law, because EU countries had indicated they wanted to expand the law to cover 30 million of the EU's smallest companies - which the Commission said would overburden these firms. "The current discussions around the proposal go against the Commission's simplification agenda," a Commission spokesperson said on Friday, referring to its attempts to simplify EU regulation for European businesses. The Commission had also come under pressure from centre-right EU lawmakers, who last week demanded the policy was scrapped. The EU law aimed to stamp out misleading green labels for products from clothing to cosmetics and electronic goods. It would regulate labels like "natural", "climate neutral" or having "recycled content". The Commission proposed the rules in 2023, after its own assessment of 150 claims about products' environmental characteristics found that around half provided "vague, misleading or unfounded information".

Revealed: The exact age you should have left your hometown if you are 'clever'
Revealed: The exact age you should have left your hometown if you are 'clever'

Daily Mail​

time42 minutes ago

  • Daily Mail​

Revealed: The exact age you should have left your hometown if you are 'clever'

The decision to leave your hometown is always a big one. Some choose to up sticks for a change of scenery, many to chase a career, while others are driven by a desire for personal growth. And while certain teenagers can't wait to move to a different city, we all know people who have lived in the same place their whole life. Now, a report reveals the exact age by which 'clever' people have moved away from home. According to the team from the Institute for Fiscal Studies, 59 per cent of the highest school achievers brought up outside of London leave their hometown by the age of 32. Xiaowei Xu, a senior research economist and author of the report, said: 'Young people's choices on where to live respond to and reinforce regional inequalities. 'Talented people want good jobs that are well matched to their skills, at productive firms that offer training and career development, and they'll move if they can't find them locally. 'This means that raising skills in left-behind places will not be enough to reduce economic disparities. We need to think about bringing opportunity to people, building places where skills are rewarded.' For the study, the team tracked people who scored in the top five per cent of GCSE results. They collected data on where these people went on to live over the next several decades. Their analysis uncovered a clear link between 'cleverness' and what age people had left their hometown. Graduates flocked to the capital during their mid-20s, early in their careers, according to the team. By the age of 32, the study found, a quarter of young workers who scored top GCSEs lived in London, though only 13 per cent had grown up there. Another 14 per cent lived in 'Travel to Work Areas' (TTWA) near London, meaning overall, 40 per cent of top achievers live in and around the capital. The study found that after initially moving to London as a graduate, many people then leave the capital after several years – perhaps to find more affordable housing or to start to raise a family. Popular areas to move to at this point in life include Kent, East Sussex, West Sussex, Surrey and Oxfordshire - all of which are in commutable distance of London. 'While many people leave London in their early 30s, they tend to move to already-prosperous places in the South East,' the report said. 'The majority of these move onwards to a new TTWA rather than returning to their hometown.' Those who do return home, the team found, 'tend to be lower educated'. Since half of onward movers from London relocate to nearby areas, the capital 'fundamentally reshapes the spatial distribution of skills', the report said, 'bringing in talent from all over the country and pushing it into the South East'. This pattern is not true of other cities, such as Manchester, they explained. Statistics, published by the government, suggest that graduates can expect to earn £39,000 in London, £32,000 in the South West and £28,500 in the North East. DO MEN THINK THEY'RE SMARTER THAN WOMEN? A new study has revealed men think they are smarter than their peers, even when compared to women whose grades prove they are just as smart. Researchers at Arizona State University (ASU) made the discovery after asking college students enrolled in a 250 strong biology course about their intelligence. Specifically, students were asked to estimate their own intelligence compared to everyone in the class as well as the student they worked most closely with. Experts were surprised to find that women were far more likely to underestimate their own intelligence than men. When comparing a female and a male student, both with a grade point average of 3.3, the male student is likely to say he is smarter than 66 percent of the class. A female student is likely to say she is smarter than only 54 percent of the class. In addition, when asked whether they are smarter than the person they worked most with in class, the pattern continued. Male students are 3.2 times more likely than females to say they are smarter than the person they are working with, regardless of whether their class partners are men or women.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store