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
Southern Europe is not so different. Greece, Italy, Spain, and Portugal never had collective farms, but the inexorable aging of their populations and the exodus of young people to cities is emptying villages and leaving fields and pastures untended. Francesco Cherubini of the Norwegian University of Science and Technology calculates that in the past three … Read more
Iran says Saudi Arabia’s prime diplomat is coming to go to Tehran, the most recent step within the restoration of diplomatic ties between the 2 Mideast rivals TEHRAN, Iran — Saudi Arabia’s prime diplomat is coming to go to Tehran, the most recent step within the restoration of diplomatic ties between the 2 Mideast rivals, … Read more