October 4, 2021 WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Monday urged lawmakers to pass a bill to raise or suspend the federal government’s $28.4 trillion debt ceiling by the end of the week, warning that failure holds devastating economic consequences. “We must get a bill to the President’s desk dealing with the […]
Stable raises $46.5M in Greycroft-led round to help businesses manage ‘volatile’ commodity prices
Stable, an insurtech aiming to help minimize a businesses’ risk due to volatile commodity prices, today announced it has raised $46.5 million in a Series A round of funding led by Greycroft. Notion Capital, Anthemis, Continental Grain and existing backers Syngenta and Ascot also participated in the financing, which brings the Chicago-based startup’s total raised […]
As Apple messes with attribution, what does growth marketing look like in 2021?
It’s said that you should measure what you value, and for founders, nothing is more valuable than growth. Growth provides revenues, venture capital, prestige and scale — ultimately driving the success of every business. Yet, measuring growth is complex and challenging — and it’s only getting tougher. Changes to attribution in iOS 14 and further […]
Geely’s Volvo Cars will file for initial public offering on Stockholm’s NASDAQ
Volvo Cars, the Swedish carmaker owned by China’s Zhejiang Geely Holding, said Monday it would file for an initial public offering and list on the Nasdaq Stockholm exchange, in a transaction that’s expected to raise up to $2.9 billion (25 billion Swedish kroner). The deal could value the automaker at up to $25 billion, the […]
Aeromexico shares rise more than 3% following restructuring plan submission
October 4, 2021 MEXICO CITY (Reuters) – Shares in Mexican carrier Grupo Aeromexico rose by more than 3% in early trading on Monday after the company said it had presented a restructuring plan to debtors as part of its Chapter 11 bankruptcy process in the United States. Shares of Aeromexico, which in June last year […]
Singapore’s Grab hires SATS CEO Alex Hungate as chief operating officer
October 4, 2021 (Reuters) – Singapore-based ride-hailing and payments firm Grab on Monday named Alex Hungate, the CEO of in-flight catering services firm and airport ground handler SATS, as its new chief operating officer, with effect from January 2022. Hungate is joining Grab after Southeast Asia’s biggest ride hailing-to-food delivery group earlier this year agreed […]
European politicians call for Facebook investigation after whistleblower revelation
October 4, 2021 BRUSSELS/STOCKHOLM (Reuters) – Two members of the European parliament have called for an investigation into allegations by a whistleblower that Facebook prioritised profits above the public good. The whistleblower, Frances Haugen, who had worked as a product manager on the civic misinformation team at Facebook, shared internal documents with newspapers and attorneys […]
Blue Origin says ‘Star Trek’ actor Shatner to make suborbital flight
October 4, 2021 WASHINGTON (Reuters) – Billionaire Jeff Bezos’s space company said Monday that “Star Trek” actor William Shatner will fly on board the company’s New Shepard launch vehicle as part of a four-person crew that will launch next week. “I’ve heard about space for a long time now. I’m taking the opportunity to see […]
Fumio Kishida officially elected Japan’s 100th prime minister
October 4, 2021 TOKYO (Reuters) – Fumio Kishida was officially elected as Japan’s 100th prime minister on Monday after winning a majority of votes in both houses of parliament. The new cabinet members under Kishida, who succeeds Yoshihide Suga, are due to be announced later in the day. (Reporting by Chang-Ran Kim) Source Link Fumio […]
Made-from-CO2 concrete, lululemons and diamonds spark investor excitement
October 4, 2021 By Jane Lanhee Lee and Nia Williams (Reuters) – What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. Some use bacteria. […]
Swedish ‘Mohammad’ cartoonist Lars Vilks killed in car crash
October 4, 2021 STOCKHOLM (Reuters) – Swedish artist Lars Vilks, who stirred worldwide controversy in 2007 with drawings depicting the Prophet Mohammad with the body of a dog, was killed in a car crash near the southern town of Markaryd on Sunday, police said. Vilks, 75, who had been living under police protection since the […]
Mozambique president calls on insurgents to surrender after key militant killed
October 4, 2021 MAPUTO (Reuters) – Mozambique President Filipe Nyusi urged Islamist militants in its far north to surrender on Monday, saying they had nowhere to run, after allied Rwandan, Mozambican and southern African forces pushed them out of territory they had been occupying. Nyusi’s comments to mark Peace and National Reconciliation Day came a […]
Engine No. 1 backs GM’s strategy around transition to EVs
October 4, 2021 By Ben Klayman and Svea Herbst-Bayliss (Reuters) – Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors Co and was supportive of its transition to battery electric vehicles, sending the shares of the No. 1 U.S. automaker up 3.2%. The position of support for […]
Philippines to investigate 154 police over deadly drugs war
October 4, 2021 MANILA (Reuters) – An initial investigation by the Philippine government has found 154 police officers could be criminally liable over their conduct in President Rodrigo Duterte’s bloody war on drugs, in a rare admission by the state that abuses may have taken place. The findings, announced by the Justice Secretary Menardo Guevarra […]
Pope, other religious leaders issue pre-COP26 appeal on climate change
October 4, 2021 By Philip Pullella VATICAN CITY (Reuters) -Pope Francis and other religious leaders made a joint appeal on Monday for next month’s U.N. Climate Change Conference (COP26) to offer concrete solutions to save the planet from “an unprecedented ecological crisis”. The “Faith and Science: Towards COP26” meeting brought together Christian leaders including Archbishop […]
U.S. Supreme Court rejects challenge to New York tax on opioid companies
October 4, 2021 By Lawrence Hurley and Nate Raymond WASHINGTON (Reuters) – The U.S. Supreme Court on Monday cleared the way for New York to collect a $200 million surcharge imposed on opioid manufacturers and distributors to defray the state’s costs arising from the deadly epidemic involving the powerful painkilling drugs. The justices declined to […]
Centre-left seen winning main cities in Italian mayoral elections -exit poll
October 4, 2021 ROME (Reuters) – Centre-left candidates are seen winning most of the big cities at stake in Italian local elections, exit polls showed on Monday, with Rome’s incumbent mayor Virginia Raggi of the 5-Star Movement headed for near-certain defeat. Italy’s four largest cities — Rome, Milan, Naples and Turin — and more than […]
Netflix brings its shuffle mode feature, ‘Play Something,’ to Android users worldwide
Netflix is today officially launching a new feature for its Android users that will make it easier to find something to watch when you can’t make a decision. The feature, called “Play Something,” is a shuffle mode option that will play another movie or show Netflix believes you may like, based on your interests and […]
YC grad Wasp land $1.5M seed to help developers build web apps faster
It seems that a lot of startups are trying to help developers reduce the complexity involved in coding an app. Last week we covered the seed round for RunX, a company that helps developers code back-end cloud resources more quickly. Today, Y Combinator Winter 2021 graduate Wasp announced a $1.5 million seed round to help […]
Boxing-Fury likely to fight in Britain after Wilder re-match, says Warren
October 4, 2021 LONDON (Reuters) – World heavyweight champion Tyson Fury’s next fight after his title rematch with American Deontay Wilder in Las Vegas this weekend is likely to be in Britain, promoter Frank Warren said on Monday. Fury, the WBC champion, completes a trilogy of fights against Wilder on Saturday. The 33-year-old’s last four […]
