News

October 4, 2021 BRUSSELS (Reuters) – European Union leaders will be able to restate their guarantee of future membership to six Balkan countries on Wednesday at a summit, after EU ambassadors agreed a text on Monday, a senior EU official said. After weeks of disagreement over the wording of a summit declaration for Wednesday’s gathering […]

Berlin-based climate tech startup, ‘Made of Air‘, has closed a €5 million (~$5.8M) seed funding round, led by Norwegian sustainability-focused family fund, TD Veen. Also participating are Patrick Pichette (former CFO of Google & chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO & cofounder of EQT Group), Tuesday Capital, the co-founders […]

Jared Spataro has been with Microsoft for more than 15 years now, and he has been part of the transition from an on-prem software company to a SaaS business. Today his official title is corporate vp in charge of the company’s biggest SaaS product, Office 365. Spataro is going to join us on October 27th […]

October 4, 2021 JERUSALEM (Reuters) – German Chancellor Angela Merkel will travel to Israel next week for a farewell visit before her expected departure from office after 16 years in power, Israeli Prime Minister Naftali Bennett said on Monday. Merkel had cancelled a planned Aug. 28-30 trip to Israel, citing the tense situation in Afghanistan […]

October 4, 2021 By Thomas Escritt BERLIN (Reuters) – Whether the Social Democrats’ Olaf Scholz or a conservative becomes the next German chancellor, they will probably need to bring into their coalition two smaller parties that are far apart on many of the issues that will shape Germany’s future. Any majority will rest on the […]

October 4, 2021 By Elaine Lies and Ju-min Park TOKYO (Reuters) -Japan’s new prime minister, Fumio Kishida, on Monday called a parliamentary election for Oct. 31 and vowed to bolster the country’s response to the coronavirus pandemic, shortly after being formally confirmed by lawmakers in the top job. Kishida, a 64-year-old former foreign minister with […]

October 4, 2021 By Gabriela Baczynska BRUSSELS (Reuters) – In a rundown old factory in Belgium, Holocaust survivor Simon Gronowski celebrated his upcoming 90th birthday on Sunday by starring in an opera inspired by his life – a history of love, faith and forgiveness overcoming the darkest tragedy. Gronowski was 11 years old and living […]

October 4, 2021 ROME (Reuters) – The leader of Italy’s centre-left Democratic Party (PD) Enrico Letta is on track to win a parliamentary by-election in Siena, early results showed on Monday, strengthening his position as party leader. Letta had said he would resign from the PD leadership if he lost, so the outcome has political […]

Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid. Qualcomm and investment group SSW Partners said Monday they would acquire Veoneer for $37 per share in an all-cash transaction. At closing, SSW said it would sell Veoneer’s Arriver tech – an advanced driver assistance system stack […]

October 4, 2021 LONDON (Reuters) – Formula One will have a record 23 races next year and a third of them could be in the sprint format trialled this year, the sport’s chief executive Stefano Domenicali said on Monday. The format has been used at Silverstone and Monza this year, with Brazil’s Interlagos to come, […]

October 4, 2021 By Lawrence Hurley and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices donned their black robes and sat once more behind a mahogany bench in their grand courtroom on Monday as they resumed in-person oral arguments for the first time since COVID-19 pandemic disruptions started last year. The nine justices were joined […]

October 4, 2021 By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Monday put an end to Oracle Corp’s challenge to how the Pentagon awarded the government’s now-canceled $10 billion JEDI cloud computing contract. The justices declined to hear Oracle’s appeal of a lower court ruling that found that the Austin, Texas-based business […]

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, 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]