The $3.1 billion deal "is an important moment for Uber as we continue to expand the strength of our platform around the world," its CEO says.
The reported $650 million deal gives Amazon a foothold in a market where only around 2% of retail transactions currently take place online.
As companies push into Europe, the Middle East, India, and Africa, executives are being pressured into higher risk behaviors, says E&Y.
The deterioration reflects weaker economic performance in many developing economies, says the Institute of International Finance.
