Amazon offers loan to Deliveroo amid UK probe - Bloomberg
(Reuters) - E-commerce giant Amazon.com Inc has offered a loan to food-delivery group Deliveroo as a UK probe into the start-up's last funding round unveiled threat of a cash crunch, Bloomberg reported on Tuesday. While the size of the loan is unclear, Deliveroo has significant funds to continue operating, the report said, citing people familiar with the matter.
(Reuters) - E-commerce giant Amazon.com Inc
While the size of the loan is unclear, Deliveroo has significant funds to continue operating, the report said, citing people familiar with the matter.
Deliveroo declined to comment and Amazon did not immediately respond to a Reuters' request for comment.
Britain's Competition and Markets Authority (CMA) said on Dec. 27 it was launching an in-depth investigation into Amazon's purchase of stake in Deliveroo after the companies failed to assuage its initial concerns.
(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Amy Caren Daniel)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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