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Technology 24 May 2022 | 4:52 PM

German grocery app Gorillas to cut staff in search of profit

FRANKFURT (Reuters) - Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, Chief Executive Kagan Sumer said.

World 23 May 2022 | 8:48 PM

Investcorp targets $400 million at Indian school infrastructure, warehousing

DAVOS, Switzerland (Reuters) - Investcorp will deploy $400 million into Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation, its Co-Chief Executive told Reuters on Monday.