October 6, 2021 VILNIUS (Reuters) – The Lithuanian government on Wednesday proposed to pay 100 euros to people aged 75 or old to take the COVID-19 vaccine, to boost the inoculation rate for the group, which lags in the European Union. “We are unable to convince them to vaccinate otherwise”, Prime Minister Ingrida Simonyte said […]
Vatican court clears two priests in youth seminary abuse case
October 6, 2021 By Philip Pullella VATICAN CITY (Reuters) -A Vatican court on Wednesday cleared two priests charged in connection with alleged sexual abuse in a youth seminary in the Vatican between 2006 and 2012. Father Gabriele Martinelli, now 29, was accused of having forced a person identified only as L.G. to have sex, while […]
The Athletic’s numbers look fine actually?
The Information broke some neat news earlier this week about The Athletic, the subscription sports media website that has raised lots of money and, per the report, spent lots of it. While we have all become inured to a degree regarding losses at quickly growing, venture-backed companies, seeing a media business lose software-style money was […]
On heels of IBM partnership, Celonis announces one with ServiceNow
Celonis, the late stage processing mining startup with a gaudy $11 billion valuation, announced a new partnership today, this one with ServiceNow. Celonis co-founder and CEO Alexander Rinke says that he and ServiceNow CEO Bill McDermott go back a long way together, and that working together should provide big benefits for the two companies.”With ServiceNow, […]
GM, General Electric agree to develop rare earth materials used in EV manufacturing
In yet another sign that automakers are determined to get ahead of the supply chain curve, General Motors said Wednesday it had signed a memorandum of understanding (MOU) with General Electric for the supply of rare earth materials, the kind used to manufacture electric vehicles and clean energy equipment. The non-binding agreement is with GE’s […]
Evergrande’s major shareholder Chinese Estates plans to go private
October 6, 2021 (Reuters) -Chinese Estates Holdings, a major shareholder of embattled developer China Evergrande, said on Wednesday it had proposed to be taken private by Solar Bright Ltd for HK$1.91 billion ($245.30 million). Following the completion of the proposed deal, the entire stake in the company will be held by British Virgin Islands-based Solar […]
Bank of America raises U.S. minimum hourly wage to $21
October 6, 2021 (Reuters) – Bank of America Corp said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025. Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining […]
UK’s Ocado invests in Wayve for autonomous grocery deliveries
October 6, 2021 (Corrects paragraph two to remove timeframe, adds 12-month timeframe to paragraph eight) By Nick Carey LONDON (Reuters) -British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to develop autonomous grocery deliveries that can handle tough traffic on busy city streets. Wayve’s technology […]
IMF sees inflation subsiding in 2022, supply risks may keep it elevated
October 6, 2021 By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations. The IMF’s baseline forecasts for advanced economies shows headline inflation […]
Ukrainian state bank chief suspended after scuffle with investigative journalists
October 6, 2021 By Natalia Zinets and Pavel Polityuk KYIV (Reuters) – Ukraine’s third-biggest bank suspended its chairman on Wednesday after a video was aired showing a scuffle in his office with journalists investigating the bank’s lending practices. State-run lender Ukreximbank said in a statement it had suspended Yevgen Metsger and apologised to the journalists. […]
EU restates Balkan membership guarantee but won’t say for when
October 6, 2021 By Sabine Siebold, Ivana Sekularac and Robin Emmott BRDO, Slovenia (Reuters) -The European Union’s 27 leaders promised future membership to their six Balkan neighbours on Wednesday, restating a pledge first made 18 years ago, but they brushed aside calls for a 2030 goal for fear of a backlash at home over migration. […]
Copper Banking adds $9M in funding as digital banks clamor for teen customers
Copper Banking, a digital banking service aimed at teens, announced today it has raised a total of $13.3 million in seed funding. PSL Ventures, an arm of Pioneer Square Labs, led a $4.3 million raise for Seattle-based Copper last year and an additional $9 million this year. Other investors in the fintech startup include Clocktower […]
The metaverse is coming for Squid Game
Hello and welcome back to Equity, TechCrunch’s venture capital focused podcast where we unpack the numbers behind the headlines. This is our Wednesday show, the time of the week when we niche down to a single topic. Today? Gaming. Natasha and Danny and Alex got together to discuss the gaming world from a few perspectives, […]
Matter raises $7 million Series A to build a better reading app
A startup called Matter, which aims to build a better reading app for today’s internet, is launching out of private beta testing and announcing the close of its $7 million Series A, led by GV (formerly Google Ventures.) The app enters a space where technologies for saving articles to read later, like Instapaper and Pocket, […]
Israeli rightist seeks to outlaw opening of U.S. Palestinian mission in Jerusalem
October 6, 2021 By Dan Williams JERUSALEM (Reuters) – An Israeli right-wing opposition legislator is seeking to outlaw the planned reopening of a U.S. mission in Jerusalem that has traditionally been a base for diplomatic outreach to the Palestinians. Israel’s new cross-partisan government led by nationalist Prime Minister Naftali Bennett also opposes the reinauguration of […]
Airbus sees jet demand conquering suppliers’ output fears
October 6, 2021 By Tim Hepher BOSTON (Reuters) -Airbus is sticking to its quest for record jet output after airlines reported glimmers of a post-pandemic recovery this week, and believes engine makers who have questioned its most ambitious proposals will be “unable to resist” demand. Airbus has said it hopes to almost double jet production […]
Nvidia offers EU concessions over $54 billion Arm deal
October 6, 2021 By Foo Yun Chee BRUSSELS (Reuters) -Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. The deal announced by world’s biggest maker of graphics and AI chips last year has sparked concerns […]
South Korea broadband firm sues Netflix after traffic surge from ‘Squid Game’
October 6, 2021 By Joyce Lee SEOUL (Reuters) – South Korean Internet service provider SK Broadband has sued Netflix to pay for costs from increased network traffic and maintenance work because of a surge of viewers to the U.S. firm’s content, an SK spokesperson said on Friday. The move comes after a Seoul court said […]
Netflix to edit ‘Squid Game’ phone number after woman inundated with calls
October 6, 2021 By Sangmi Cha SEOUL (Reuters) – A South Korean woman who was deluged with thousands of prank calls and text messages after her phone number was highlighted as a key plot point in Netflix’s hit show “Squid Game https://ift.tt/3D22ODQ; may soon get some relief. Netflix and local production company Siren Pictures said […]
Tracking CO2 emissions for supply chains leads Normative to a €10M fund raise
Increasingly, companies are being encouraged by governments to engage in carbon accounting, but of course, only a small number of companies actually do. Even those probably count only 10% of their emissions because they don’t account for the emissions of their supply chain, which, when looked at, probably accounts for 90% of their total emissions. […]
