Food delivery apps brace for cost-of-living crunch
By Reuters
01 August 2022 |
10:56 am
Food delivery firms are reducing costs and exiting unprofitable markets or making tactical moves to cope with the tougher climate produced by the cost-of-living crisis.
In this article
Related
Related
2 Feb
The United Kingdom is experiencing a wave of strikes on a scale not seen since the 1980s under then-Prime Minister Margaret Thatcher. With double-digit inflation, the spiralling cost-of-living crisis means that those on stagnating and low salaries, especially public sector workers, are struggling to make ends meet. This Wednesday, half a million people are expected to go on strike, from teachers to civil servants to train drivers.
13 Feb
Discarded laptops and smartphones contain valuable metals. However, extraction, usually performed by children, is a crude and hazardous process that goes unregulated.
12 Feb
South African President Cyril Ramaphosa has declared a national "state of disaster" over the country's rolling power shortages. Energy provider Eskom says its ageing coal-fired power plants cannot keep up with demand and it's been imposing scheduled cuts. The blackouts are weighing on business activity and South Africa's economic growth.
22 Feb
For Robert Douglas Fairhurst, it was being diagnosed with multiple sclerosis, an unpredictable and still misunderstood illness. As a literature professor, stories played a key role in helping him make sense of the diagnosis. He recounts the journey in his book "Metamorphosis: A Life in Pieces". The author joined us for Perspective.
3 Mar
Analysts say the acute shortage of naira notes caused by the currency redesign policy that has crippled Nigeria in the run up to Saturday’s election may have reduced vote buying by political parties.
13 Mar
In this edition we report on the latest technological innovations for disabled people in France. Founded by Nicolas Huchet, who lost his right hand in a work-related accident, My Human Kit is a company aimed at transforming the lives of those living with a disability. From prosthetic hands to electric wheelchairs, My Human Kit has a wide range of inventions.
20 Mar
A consortium of large US banks pumped $30 billion to prevent First Republic Bank from going under. Fear over a looming financial crisis has been high since two US mid-sized lenders collapsed last week.
6 Apr
As Nigeria's Central Bank tries to rebuild trust following a disastrous introduction of new naira bills, customers' faith in the financial system is being tested, as many still battle to obtain cash.
8 Apr
24 Apr
Companies and initiatives around the globe are tackling climate change with digital solutions.
3 May
People come to some of the poorest regions of Senegal in search of gold. But making money here is not easy, and it is an especially difficult life for women and children.
28 May
With Pakistan's economic turmoil worsening, those in poverty are suffering most. The country is in the midst of a serious financial crisis caused by a long delay in the $1.1 billion bailout from the IMF.
Latest
5 hours ago
Victories in key Indian states put Prime Minister Narendra Modi in a strong position ahead of general elections in 2024. It was a blow for the Indian National Congress, leading an alliance hoping to unseat Modi.
5 hours ago
At least 20 people have been killed by floods after heavy rain in the Manyara region of northern Tanzania, the ministry of health said on Sunday, with video released by the Tanzania Red Cross Society showing muddy waters gushing down streets.
5 hours ago
Spotify, a digital music service, could be seeking to boost its profitability with the move. The Stockholm-headquartered company has never posted a full-year net profit.
6 hours ago
There is league football action to look forward to in the next couple of days; Much Maligned Manchester United goes up against an inconsistent Chelsea, Manchester City faces Aston Villa while Juventus locks horns with Scudetto holders Napoli to begin the Serie A weekend. My name is Ayomide Sotubo and here's our preview of these games on the Nutmeg on Guardian TV.
8 hours ago
Born in South Africa during apartheid, Pretty Yende grew up singing hymns with her grandmother on the way to church. This past May she dazzled Westminster Abbey at the coronation of King Charles, cementing her status as one of the world's most sought-after sopranos. Yende says her journey is proof that nothing is impossible.
8 hours ago
Destruction of the Amazon rainforest has significantly decreased since Luiz Inacio Lula da Silva was reelected Brazil's president. His government has strengthened the agency monitoring illegal deforestation.
×

Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.