Marc Lore, who earlier this year stepped down from his role as Walmart’s head of U.S. e-commerce, is now backing a new startup in the e-commerce space called Wizard. Lore has taken on the roles of co-founder, chairman of the board and investor in Wizard, a B2B startup in the “conversational commerce” space which believes […]
As Logicworks approaches $100M in revenue, it announces new cloud migration platform
Logicworks might not be a household name, but since 2012 it has been working with customers to help them move to the cloud and manage their workloads once they get there. By following that approach, the late stage startup is closing in on $100 million in revenue. Today, it announced a new Cloud Reliability Platform […]
World’s largest miners pledge net zero carbon emissions by 2050
October 6, 2021 LONDON (Reuters) -The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 is […]
TeamViewer cuts guidance on disappointing growth in enterprise deals
October 6, 2021 BERLIN (Reuters) – German software development firm TeamViewer cut its full year guidance on Wednesday, saying the contribution from large enterprise deals grew more slowly than expected, pushing its shares more than 11% lower. The company said it now expects 2021 billings between 535 million and 555 million euros ($617-$641 million) compared […]
It’s ‘Orban or Europe’ in 2022 election, Hungary opposition frontrunner says
October 6, 2021 By Anita Komuves BUDAPEST (Reuters) – The leading candidate to spearhead the opposition challenge to Prime Minister Viktor Orban in Hungary’s parliamentary elections said on Wednesday the contest would be about “Orban or Europe”, with Hungary’s access to European Union funds at stake. In next year’s vote the nationalist Orban will, for […]
U.S. private payrolls pick up in September -ADP
October 6, 2021 WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, allowing Americans to travel, frequent restaurants and reengage in other high-contact activities. Private payrolls increased by 568,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for August was revised lower to […]
Singer Tina Turner sells music rights to BMG
October 6, 2021 LONDON (Reuters) – Soul and rock star Tina Turner has sold the rights to her music catalogue to music company BMG, the latest vocal artist to strike such a deal for their work. In a statement on Wednesday, BMG, owned by German media company Bertelsmann AG, said it would “be a partner […]
Cyprus extends custody for suspect Israel says was Iranian ‘hit man’
October 6, 2021 NICOSIA (Reuters) – A court in Cyprus on Wednesday extended the detention of a man that Israel alleges was a would-be assassin recruited by Iran to attack Israeli businesspeople on the island. The man was arrested in the Cypriot capital Nicosia on Sept. 27. Police say that when he was intercepted a […]
Cabify bolts on grocery deliveries in Spain with Lola Market tie-up
Spanish ride-hailing unicorn Cabify is getting into grocery deliveries as it looks to add another string to its multi-modal mobility and urban utility bow. It announced the addition of a ‘Super’ option in its app today — which is available for users in nine cities in its home market, namely: A Coruña, Alicante, Barcelona, Madrid, […]
Mussolini’s granddaughter wins second term in Rome municipal vote
October 6, 2021 ROME (Reuters) – A granddaughter of Italian fascist leader Benito Mussolini has won a second term as a city councillor in Rome with a much increased majority and said her success was down to her hard work, not to her family history. Standing for the far-right Brothers of Italy party, Rachele Mussolini […]
Quantum computer maker Rigetti to go public via $1.5 billion SPAC deal
October 6, 2021 By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Quantum computer maker Rigetti & Co Inc said on Wednesday it will go public through a merger with a blank-check firm in a deal that potentially values the combined company at $1.5 billion. This is the second quantum computer hardware maker to announce going […]
Shrugging off crises, UK PM Johnson delights party, annoys business
October 6, 2021 By Elizabeth Piper and Kylie MacLellan MANCHESTER, England (Reuters) -Prime Minister Boris Johnson vowed to radically re-shape Britain on Wednesday, exhorting his Conservative Party faithful to help government press on with tackling regional inequality by ending “long term structural weaknesses” in the economy. In a speech to end his party’s annual conference, […]
Vietnam to welcome more vaccinated travellers from December
October 6, 2021 HANOI (Reuters) – Vietnam is planning from December to reopen key tourist destinations to vaccinated visitors from countries deemed a low COVID-19 risk, the government said on Wednesday, ahead of a full resumption targeted for June next year. Vietnam imposed tight border controls at the start of the pandemic in an effort […]
Qatar foreign minister visits UAE as relations thaw
October 6, 2021 DUBAI (Reuters) – Qatar’s foreign minister visited the United Arab Emirates (UAE) where he met with Abu Dhabi’s crown prince on Wednesday, state news agency WAM reported, as the two Gulf states work on improving bilateral ties after years of a bitter rivalry. Sheikh Mohammed bin Abdulrahman Al-Thani was received by the […]
Pandemic-driven boom in e-commerce helps Huboo’s warehousing platform close $81M
Many e-commerce businesses run their entire order fulfillment process in-house because outsourcing it can be expensive. But the COVID-19 pandemic has supercharged many small and medium-sized businesses (SMBs) as consumers switched to home deliveries and ‘digitized’ their lifestyles to a far greater extent. It means this surge in e-commerce sales is subsequently leading to a […]
London’s finance district, steeped in slavery, confronts its past
October 6, 2021 By Carolyn Cohn and Huw Jones LONDON (Reuters) – British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as “perishable goods”, alongside cattle, by the market’s underwriters. Lloyd’s involvement in the trans-Atlantic slave […]
Compromise needed to clinch global tax deal – France
October 6, 2021 PARIS (Reuters) -The world is on the brink of a global corporate tax deal but compromise is still needed over the final details, France’s finance minister said on Wednesday as countries that have been holding out begin to lay out their positions. Some 140 countries aim to finalise the first major overhaul […]
Stocks slip, bond yields bounce as oil fuels inflation angst
October 6, 2021 By Tom Wilson LONDON (Reuters) – Shares fell and government bond yields rose across the world on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 index fell 1.9%, denting gains made in its best day in 11 weeks on Tuesday, with […]
Rigetti Computing goes public via SPAC merger
Rigetti Computing, one of the most visible quantum hardware startups, today announced that it is going public through a merger with the Supernova Partners Acquisition Company II SPAC. Once the transaction closes, Rigetti’s ticker symbol on the New York Stock Exchange will be ‘RGTI.’ The transaction values Rigetti at about $1.5 billion and the company […]
Pattern bags $225M; CEO says e-commerce accelerators ‘will win the day’ over aggregators
Pattern, a Lehi, Utah-based e-commerce accelerator that helps brands optimize sales on marketplaces like Amazon, Walmart, Target, eBay and Google, brought in $225 million in growth funding to continue developing its technology and expand its global presence. The new round was led by Knox Lane. Pattern co-founder and CEO David Wright said this round brings […]
