![]() Klarna is already Europe's most valuable start-up. The announcement comes months after it emerged that Klarna was weighing plans to raise new money in a funding round that could see its valuation shoot to $60bn (£44.3bn). It said the decisions by senior leaders had been “some of the hardest ones we have ever had to make”, but that they would “make sure we can continue to deliver on our ambitious targets”. All of which have marked the beginning of a very tumultuous year.” Sebastian Siemiatkowski, Klarna's CEO and co-founder, said: “Since then, we have seen a tragic and unnecessary war in Ukraine unfold, a shift in consumer sentiment, a steep increase in inflation, a highly volatile stock market and a likely recession. T he Swedish fintech told more than 7,000 staff that the jobs cuts were coming because it was operating “a very different world” from where it was at last autumn. 'Buy now, pay later' company Klarna is cutting 10pc of jobs, saying it could “not turn a blind eye to reality” after a wave of pressures. ![]() Mr Beasley warned of civil unrest among hungry populations, urging world leaders to look back to the Arab Spring and other periods of protest and uprisings spurred by painful shortages. "What do you think is going to happen when you take a nation that normally grows enough food to feed 400m people and you sideline that? You add fuel costs, food costs, shipping costs – it is devastating not just to our operations but global food security." Speaking at an event in Davos, he said: "Because of this crisis we are taking food from the hungry to give to the starving. V ladimir Putin's blockade of Ukrainian ports "is a declaration of war on global food security," a top UN official has warned, as 43m people are "knocking on starvation's door" without exports from Europe's breadbasket.ĭavid Beasley, head of the UN's World Food Programme, said the world was facing "the worst humanitarian crisis since World War Two", with tragic shortages already engulfing countries including Ethiopia and Afghanistan even before Russia invaded its neighbour with catastrophic consequences for grain exports. Sign up here for our daily business briefing newsletter .Lucy Burton: Crossrail should convince Londoners to get back to the office.Britain at risk of becoming less attractive than France for international businesses.HSBC suspends banker over ‘nut job’ climate remarks.
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