Five months ago, Ambi Robotics emerged from stealth with a $6 million raise. Today the Bay Area-based firm is back with several times that, announcing a $26 million Series A, led by Tiger Global. The new round also features participation from existing investors, including Bow Capital, Vertex Ventures US and The House Fund. The startup […]
Russia publishes plan to tax foreign tech, promote home-grown rivals
September 14, 2021 MOSCOW (Reuters) – The Russian government published a plan on Tuesday to impose new taxes on foreign-owned digital services by November, part of a package of proposals Moscow says are aimed at supporting its domestic tech sector. The proposed tax on foreign tech firms has been presented as part of an international […]
Russia fines Facebook for not deleting banned content
September 14, 2021 MOSCOW (Reuters) – A Russian court on Tuesday fined U.S. social media giant Facebook 21 million roubles ($288,000) for failing to delete content that Moscow deems illegal, the Tagansky District Court said. The fines come amid a wider standoff between Russia and Big Tech, with Moscow seeking to force foreign firms to […]
Evergrande short sellers face fee squeeze as shares slide
September 14, 2021 By Alun John HONG KONG (Reuters) – Fund managers wanting to short sell cash-strapped developer China Evergrande Group are paying unusually high fees to borrow the shares as demand to do so rockets and investors get out of long positions. The Chinese property group said on Tuesday it had engaged advisers to […]
Amazon boosts hourly pay to over $18, to hire 125,000 workers
September 14, 2021 (Reuters) – Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. Reuters exclusively reported the news earlier on Tuesday. The world’s largest online retailer also said it would pay a sign-on […]
In Argentina’s north, a ‘white gold’ rush for EV metal lithium gathers pace
September 14, 2021 By Agustin Geist SALTA, Argentina (Reuters) – In Argentina’s remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom. Beneath the South American country’s highland salt […]
S&P, Dow futures inch higher ahead of inflation data
September 14, 2021 By Ambar Warrick (Reuters) – S&P and Dow futures rose on Tuesday as investors favored stocks expected to benefit from an economic recovery this year, although gains were muted in the run-up to consumer price data, which could affect the monetary policy. The S&P 500 and Dow Jones had snapped five days […]
Norway coalition talks start, with climate and oil in focus
September 14, 2021 By Nora Buli and Nerijus Adomaitis OSLO (Reuters) -Norway’s Labour Party began coalition talks with other members of the centre-left bloc on Tuesday seeking to form a government after their parliamentary election victory, with the focus on climate change and oil. Labour leader Jonas Gahr Stoere https://ift.tt/3zkEScF must address voters’ concerns over […]
U.S. Senate Democrats to seek quick passage of revised election reform plan
September 14, 2021 By Richard Cowan WASHINGTON (Reuters) – U.S. Senate Democrats on Tuesday unveiled a new version of an election reform bill that is a top priority of President Joe Biden, amid a wave of Republican state legislatures imposing restrictions on voting. Senator Amy Klobuchar and seven fellow Democrats, including moderates such as Joe […]
Ghanaian featherweight aims to go pro after historic Olympic bronze
September 14, 2021 By Francis Kokoroko ACCRA (Reuters) – It was an innocuous blow for such a monumental moment, a glance to his opponent’s armpit as the bell rang. But it was enough. Samuel Takyi lifted his red boxing gloves in victory: he had clinched Ghana’s first Olympic bronze medal in 29 years. Takyi, 20, […]
SoftBank renews bet on Latin America with $3 billion fund
September 14, 2021 By Carolina Mandl SAO PAULO (Reuters) – SoftBank Group Corp on Tuesday launched a $3 billion fund to invest in technology companies in Latin America in a bid to build on the success of its initial fund for the region, which has spent most of its capital. In a statement, the Japanese […]
Biden campaigns with California governor on eve of Republican-backed recall election
September 14, 2021 By Steve Holland LONG BEACH, Calif. (Reuters) – President Joe Biden on Monday campaigned with California Governor Gavin Newsom on the eve of a Republican-backed recall race that both Democratic leaders cast as an attempted power grab by political acolytes of former President Donald Trump. Biden joined the embattled first-term governor in […]
Ukraine expects next IMF tranche of $750 million in December, PM says
September 14, 2021 By Natalia Zinets and Pavel Polityuk KYIV (Reuters) – Ukraine expects to receive the next tranche of assistance worth $750 million from the International Monetary Fund in December, and 600 million euros from the European Union in November, Prime Minister Denys Shmygal told a news conference on Tuesday. Shmygal said Ukraine had […]
Glovo bags two grocery picking and delivery startups
More startup swapping in the food delivery space: Spain’s Glovo, an on-demand delivery platform which operates a network of dark stores focused on urban convenience shopping, is pushing deeper into planned grocery shopping — announcing the acquisition of two regional ‘Instacart-style’ grocery picking and delivery startups, Madrid-based Lola Market and Portugal’s Mercadão. Terms of the […]
Winner of Norway’s election is wealthy champion of ‘common people’
September 14, 2021 By Gwladys Fouche and Terje Solsvik OSLO (Reuters) – Norway’s presumptive next prime minister is a man born into wealth and privilege who became an unlikely leader of the Labour Party, traditionally seen as the political voice of the working class and which built the country’s welfare state. Overcoming his 2017 election […]
AgBiome lands $166M for safer crop protection technology
AgBiome, developing products from microbial communities, brought in a $116 million Series D round as the company prepares to pad its pipeline with new products. The company, based in Research Triangle Park, N.C., was co-founded in 2012 by a group including co-CEOs Scott Uknes and Eric Ward, who have known each other for over 30 […]
Raiders nearly win, then finally succeed in beating Ravens
September 14, 2021 Derek Carr lofted a 31-yard touchdown pass to a wide-open Zay Jones with 3:38 left in overtime to give the Las Vegas Raiders a wild 33-27 victory over the visiting Baltimore Ravens on Monday night. The winning score came two plays after Carl Nassib forced a fumble by Ravens quarterback Lamar Jackson, […]
Britain delays implementation of post-Brexit trade controls
September 14, 2021 LONDON (Reuters) -Britain said on Tuesday it was delaying the implementation of some post-Brexit import controls, the second time they have been pushed back, citing pressures on businesses from the pandemic and global supply chain strain. Britain left the European Union’s single market at the end of last year but unlike Brussels […]
Explainer-How China Evergrande’s debt troubles pose a systemic risk
September 14, 2021 By Clare Jim HONG KONG (Reuters) – China Evergrande Group has raised fresh warnings of default risks amid late payments to wealth management and trust products. The real estate giant has been scrambling to raise funds it needs to pay lenders and suppliers, with regulators and financial markets worried that any crisis […]
Exclusive-Amazon hikes starting pay to $18 an hour as it hires for 125,000 more logistics jobs
September 14, 2021 By Jeffrey Dastin (Reuters) – Amazon.com Inc has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers, an executive told Reuters. The world’s largest online retailer has raised pay from around $17 since May. In some […]
