Latin America

Layoffs begin at SoftBank-backed delivery company Rappi

Rappi logo, of a food delivery scooter.
Rappi logo

Rappi, an on-demand delivery startup operating in Latin America, this week laid off hundreds of employees, Axios has learned.

Why it matters: On-demand delivery of meals and other products is coming under increased financial pressure, as no one has managed to make the model profitable.

Pew: Across 33 countries, 64% of people have no confidence in Trump

Trump between Erdogan and MBS
Turkish President Recep Tayyip Erdogan (L), President Donald Trump (C) and Saudi Crown Prince Mohammad Bin Salman at the G20 summit. Photo: Metin Aktas/Anadolu Agency/Getty Images

64% of people worldwide said they do not have confidence in President Trump to do the right thing on the global stage, while only 29% said they trust him, according to a Pew survey of 36,923 respondents conducted in 33 countries.

Why it matters: The world is watching as tensions between the U.S. and Iran flare in the wake of the killing of Iranian Gen. Qasem Soleimani — threatening an all-out war that could further destabilize the Middle East. Amid other global threats, North Korea has also abandoned a self-imposed moratorium on nuclear weapons testing after negotiations with the U.S. broke down.