News

October 5, 2021 (Reuters) – U.S. Bancorp said on Tuesday it had launched a cryptocurrency custody service for institutional investment managers who have private funds in the United States and Cayman Islands. The fifth largest U.S. bank said bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies […]

October 5, 2021 WASHINGTON (Reuters) – Medium-term fiscal consolidation and growth will put Europe on a sound footing to avoid another sovereign debt crisis despite rising debt levels caused by the COVID-19 pandemic, the head of the International Monetary Fund said on Tuesday. Managing Director Kristalina Georgieva, speaking remotely to an event hosted by Bocconi […]

October 5, 2021 By Sruthi Shankar and Susan Mathew (Reuters) -A 3.5% jump in European banks and a rally in beaten down technology companies pushed an index of European stocks up over 1% on Tuesday, also helped by positive U.S. data bolstering Wall Street. The European tech sector jumped 2.2%, breaking a seven-session losing run […]

October 5, 2021 By Paresh Dave (Reuters) – Facebook Inc said on Tuesday “there was no malicious activity behind” a faulty configuration change that knocked all of its services off the internet for hours a day earlier. The company earlier had not made clear whether the configuration change had been planned or whether someone deliberately […]

Vlad Novakovski co-founded Lunchclub in 2017 as a way to improve professional networking. In 2020, the company made a large push toward videos (thanks, COVID) and eventually saw enough traction to raise a $24.2 million Series A at a valuation above $100 million. Nicole Quinn from Lightspeed Ventures lead the raise. We’re thrilled to have […]

October 5, 2021 By Tom Wilson, Olga Yagova and Tommy Wilkes LONDON/MOSCOW (Reuters) – WhatsApp’s nearly six-hour long outage on Monday hit trading of assets from cryptocurrencies to Russian oil, market players said, although a quick shift to alternative platforms such as Telegram limited severe disruption. Despite many financial institutions discouraging employees from using messaging […]

October 5, 2021 By Tim Hepher Boston (Reuters) -The head of Dubai airline Emirates piled pressure on planemaker Boeing on Tuesday over delays to its 777X jetliner, warning that the uncertainty would cause significant disruption for one of the world’s biggest carriers. Emirates President Tim Clark said he wanted “another grown-up conversation” with the U.S. […]

October 5, 2021 LONDON (Reuters) – British singer Adele has teased her first new music since her 2015 Grammy Award winning album “25”, with a video clip for the song “Easy On Me”. Known for chart-toppings ballads such as “Hello” and “Someone Like You”, Adele posted the black and white video on her Twitter and […]

October 5, 2021 LONDON (Reuters) – School absences in England related to COVID-19 jumped by two-thirds in the last two weeks of September, according to government data which could raise concerns about further disruption to education despite a pledge to keep schools open. Around one in seven secondary school students were off for either coronavirus-related […]

October 5, 2021 PARIS (Reuters) – France is ready to review bilateral cooperation with Britain if London continues to ignore the agreement reached over fishing rights in its post-Brexit trading relationship with the European Union, the French prime minister said on Tuesday. Paris is infuriated by London’s refusal to grant what it considers the full […]

For the past couple of years, Streamlit, a startup founded by machine learning veterans, has been working on an open source project to help data scientists build web apps to explore the data in machine learning models. Today the company announced the project has reached version 1.0. “Two years ago we came out [with the […]

Appsmith, which provides open source software that helps companies quickly build internal applications, announced an $8 million Series A round of funding this morning. Unlike some upstart tech companies that we have seen in the internal application market, Appsmith doesn’t sport a no- or low-code approach. Instead, Appsmith targets traditional developers with its service, which […]

With Senate hearings and leaked documents galore, teen mental health on social media is a hot topic right now. But Gen Z founders Georgia Messinger and Ari Sokolov have been trying to create healthier online spaces since they were in high school, when they started the anonymous virtual support app Trill. “People ask us sometimes, […]

Instagram head Adam Mosseri recently said was “no longer a photo-sharing app,” noting the company was prioritizing a shift into video amid significant competition from TikTok and YouTube. Today, Instagram is taking another step towards its larger goal of making video a more central part of the Instagram experience with news that it will now […]

A year ago, we told you about the opportunity that former Tesla CIO Jay Vijayan was chasing. His plan? To pull car dealers into the 21st century with a snazzy end-to-end automative SaaS platform like the one he helped develop inside Tesla. Customers could use it to order a car to their precise specifications; dealers […]

Good news, everyone: The Q4 IPO cycle is now well and truly underway. For those of us who prefer to read IPO filings to funding announcements, new S-1 documents from Udemy, Rent the Runway and others just touched down. But we care the most about those two, as they are listings from venture-backed companies that we’ve […]

When the dot-com bubble popped 20 years ago a lot of people thought that software development was going to get broadly outsourced. Instead, Silicon Valley evolved a new ethos around technical, product-focused founders and strong, central engineering teams. And yet, software development outsourcing is a thing once again. Which is why we’re looking to profile […]

October 5, 2021 (Reuters) – Facebook whistleblower Frances Haugen testified before the U.S. Congress on Tuesday, telling lawmakers the social media giant knew its apps were harming the mental health of some young users. Here are some comments from the committee hearing: FRANCES HAUGEN, FACEBOOK WHISTLEBLOWER “I’m here today because I believe Facebook’s products harm […]

October 5, 2021 (Reuters) – Hertz Corp has named former Ford Motor Co Chief Executive Mark Fields as its interim CEO, the rental car company said on Tuesday. Fields succeeded Alan Mulally as president and CEO of the No. 2 U.S. automaker in 2014. He was ousted in 2017 and replaced by Jim Hackett. Hertz […]

Both Anchor and Descript have made their names as being among the most significant Podcast creation platforms of recent times, but hoving into the rear-view mirror recently has been Podcastle, an all-in-one platform that can cover off recording, production and publishing, all on the one platform. It’s now raised $7 million in an early-stage funding […]