Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation

Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round.  The deal marks SoftBank’s first in the country. The new financing […]

The Guardian view on Fortress Europe: a continent losing its moral compass

The increasingly draconian approach to irregular migration betrays the spirit of the 1951 refugee conventionSeventy years ago, the 1951 UN refugee convention established the rights of refugees to seek sanctuary, and the obligations of states to protect…