October 1, 2021 (Reuters) -General Motors Co on Friday reported a drop in U.S. auto sales for the first time in four quarters, hit by worsening semiconductor chip shortages and low inventories. Chip shortages and supply chain disruptions have crimped production at automakers worldwide, forcing them to cut production and in some cases, to produce […]
Canadian designer Nygard consents to U.S. extradition, may face new Canadian sex charges
October 1, 2021 By Rod Nickel WINNIPEG, Manitoba (Reuters) -Canadian fashion designer Peter Nygard has consented to extradition to the United States, where he faces charges of sex trafficking and racketeering, lawyers for the prosecution and defence said at a hearing on Friday. Separately, the Toronto Police Service issued a statement saying it had an […]
Soccer-Vaccinated Premier League players can travel to red list countries – BBC
October 1, 2021 (Reuters) – Premier League players who are fully vaccinated will be allowed to travel to countries on the UK’s red list during the international break and will be allowed to train or play when they quarantine on return, the BBC reported on Friday. Many clubs refused to release players to ‘red list’ […]
Self-driving startup Aurora maps out commercial strategy
September 30, 2021 By Tina Bellon PALMER, Texas (Reuters) – Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it hopes will provide some $2 billion in additional funding. The move comes as several […]
Global equity funds see higher outflows on rate hike concerns -Lipper
October 1, 2021 (Reuters) – Outflows from global equity funds ramped up in the week to Sept. 29 on expectations that major central banks would lift interest rates soon amid concerns that inflation could persist for longer. According to data from Lipper, investors sold a net $1.21 billion in global equity funds in the week, […]
Czech foreign minister summons British ambassador over Rangers game accusations
October 1, 2021 PRAGUE (Reuters) – Czech Foreign Minister Jakub Kulhanek summoned Britain’s ambassador over accusations that sections of a soccer crowd consisting mainly of schoolchildren attending a game in Prague on Thursday abused Rangers player Glen Kamara. “Enough! Intentionally spread, disgusting insults against Czech children in the media and on the internet do not […]
Amid supply chain snarls, retailers pitch early holiday shopping
October 1, 2021 By Arriana McLymore NEW YORK (Reuters) – Santa’s sleigh is coming out of its garage a little earlier this year. Target, Pottery Barn, Ulta Beauty, Gap and PacSun are among retailers promoting holiday decor and gifts as early as mid-September amid a global supply-chain logjam that threatens to limit availability of some […]
Emerging market ‘cryptoization’ threatens financial stability – IMF
October 1, 2021 By Tom Wilson LONDON (Reuters) -The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on Friday. Bitcoin and its kin have in the last year soared in price and popularity, with emerging […]
Ice hockey-Ukraine league GM fired for anti-racism comments
October 1, 2021 (Reuters) – The general manager of the Ukraine Hockey League (UHL) said on Thursday he has been fired from his role for speaking out about racism following an incident between two players during a recent game. According to Eugene Kolychev, his voice was ignored in the decision to suspend HC Kremenchuk forward […]
Startups have more options than ever to lower their reliance on venture capital
The capital market for startups has perhaps never been more attractive than it is today. Not only are venture capitalists raising more capital than ever, but new methods of financing startup activity are maturing. The result is a capital market that is increasingly competitive for startup attention, and business, which may lead to better prices […]
Twitter for Professionals will begin to roll out this week for businesses and creators
Twitter really can’t go a day without releasing new products. But if you’re running an account for a business or a public figure, its latest addition might capture your interest. Soon, businesses and creators will be able to opt into “professional accounts,” giving them additional tools to distinguish their profile, quickly promote content through ads, […]
Vareto raises $24M from GV, Menlo and all-star angels to reinvent financial planning for enterprises
Vareto, a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding. GV (formerly Google Ventures) led its $20 million Series A this year, and Menlo Ventures led its $4.2 million seed financing in the summer of 2020. Menlo also put […]
Descendant of tsars becomes first royal to marry in Russia since revolution
October 1, 2021 ST PETERSBURG, Russia (Reuters) – A descendant of Russia’s former imperial family married his Italian bride on Friday in the first royal wedding to take place on Russian soil since tsarist times more than a century ago. Grand Duke George Mikhailovich Romanov tied the knot with Victoria Romanovna Bettarini, an Italian, at […]
Turkey’s Russian air defence systems and U.S. response
October 1, 2021 (Reuters) – Turkish President Tayyip Erdogan this week flagged potential further cooperation with Russia on defence industry projects including fighter jets and submarines even as the United States warned it could respond with more sanctions. Turkey received the first deliveries of the S-400 surface-to-air systems in July 2019, prompting Washington to begin […]
Greece says will not allow ‘uncontrolled’ migrant flows from Afghanistan
October 1, 2021 By Karolina Tagaris SAMOS, Greece (Reuters) – Greece will not allow a repeat of the 2015 migration crisis to unfold on its borders following the deteriorating situation in Afghanistan, Prime Minister Kyriakos Mitsotakis said on Friday after visiting a new migrant camp on an island near Turkey. The Taliban’s takeover of Afghanistan […]
Save $100 with an early-bird pass to TC Sessions: Space 2021
We’re launching our second TC Sessions: Space conference dedicated to space startups on December 14-15. Yep, this event requires two days to delve into a rapidly growing industry that not only includes exploration beyond our atmosphere, but also the enormous growth in space-based data used back here on old terra firma. Join a global community […]
Utopia Labs is building an operating system for DAOs
Decentralized Autonomous Organizations, or DAOs, are all the rage at the moment. We’re seeing explosive growth in this sector as people experiment with building companies on top of tokens and smart contracts. And where new organization types bloom, so does the need for infrastructure. Utopia Labs is a team of 4 founders who met on […]
Here for influencer-branded mac and cheese
Natasha and Mary Ann and Alex were all aboard this week under the guidance of Chris and Grace, meaning that we were running full-strength for our roundup of this super busy week. Before we hop into the topics, you can follow the show on Twitter — all the cool kids do! — and keep in mind that on Mondays Equity provides a short kickoff […]
GM’s US factories will switch to renewable energy five years ahead of schedule
Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor YouTube TV may drop 14 NBC Universal channels over a contract dispute DJI Mavic 3 drone leak details improved camera and a 46-minute flight time Earlier this year, GM announced plans to go green by 2035 with the vehicles […]
Orchest raises $3.5M to provide a simpler way to build data pipelines
Orchest co-founder and CEO Rick Lamers calls himself, his co-founder Yannick Perrenet and his team “a bunch of data nerds” that love making data tools. In this case the company is building an open source integrated development environment tool for data scientists so they can develop, iterate and deploy data pipelines without having to rely […]