Reduces

Jumia reduces losses by over 90% amid focus on restoring order and GMV growth

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In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met. The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a … Read more

A Qatari court reduces death sentence handed to 8 retired Indian navy officers charged with spying

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NEW DELHI — Qatar’s Court of Appeal reduced Thursday the death sentence handed in October to eight retired Indian navy officers on spy charges, the Indian foreign ministry said. Ministry spokesman Arindam Bagchi said in a statement the detailed verdict has not been received yet. “We are in close touch with the legal team as … Read more

Panama Canal reduces the maximum number of ships travelling the waterway to 31 per day

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The Panama Canal is reducing the maximum number of ships allowed to travel the waterway to 31 per day due to a drought that has cut the supply of fresh water needed to operate the locks ByThe Associated Press September 30, 2023, 7:19 PM A cargo ship sail on Pacific side toward the Panama Canal … Read more

Purchase now, pay later agency Klarna reduces losses by 67%, income up 21%

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Swedish purchase now, pay later agency Klarna decreased its losses by roughly 67% within the first half of 2023, as the corporate dramatically minimize prices in a bid towards profitability. The corporate reported general internet working earnings of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to document a half-year revenue, the agency … Read more

Microsoft brings Python to Excel, Cruise reduces fleet following crash, and MrBeast creates controversy

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Hey, of us, and welcome to Week in Evaluate (WiR), TechCrunch’s common publication that covers the most important happenings in tech over the previous few days. Haven’t been capable of comply with the information intently? Don’t sweat it. WiR will get you up to the mark. On this version of WiR, we cowl Microsoft bringing … Read more

Sri Lanka reduces rates of interest for 1st time since chapter as financial system reveals indicators of rebounding

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Sri Lanka’s Central Financial institution has diminished its rates of interest for the primary time because the island nation declared chapter final 12 months ByKRISHAN FRANCIS Related Press FILE- Road hawkers open up their enterprise for the day at a market place in Colombo, Sri Lanka, Nov. 14, 2022. The Central Financial institution of Sri … Read more