Truepic, a digital image verification software provider, has raised $26 million in a Series B funding round led by M12, Microsoft’s venture fund. Adobe, Sony Innovation Fund by IGV, Hearst Ventures and individuals from Stone Point Capital also participated in the financing, which brings San Diego-based Truepic’s total raised since its 2015 inception to $36 […]
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Indian food delivery firm Zomato’s co-founder exits after 6 years
September 14, 2021 By Chandini Monnappa BENGALURU (Reuters) -Zomato Ltd co-founder and head of supply Gaurav Gupta has left the Indian food delivery firm after six years, the company said https://ift.tt/39cnbkx on Tuesday, months after it went public in a high-profile listing. Gupta, who was promoted to the position of founder in March 2019, had […]
Factbox – Britain and neighbours set out paths for coping with COVID-19
September 14, 2021 (Reuters) – Britain was setting out its coronavirus strategy for the winter months on Tuesday, with booster vaccinations for the most vulnerable and elderly a central part of the plans for a country with one of the highest COVID-19 death tolls. Following is a summary of some of the COVID-19 precautions being […]
SpaceX launches its first batch of Starlink satellites aimed at new coverage areas from California
SpaceX launched a Falcon 9 rocket carrying 51 of its Starlink satellites from Vandenberg Air Force Base in California on Monday night at 8:55 PM PDT (11:55 PM EDT). This was the first launch for the Starlink satellite internet constellation from the west coast, and also the first batch of a second stage of Starlink […]
Pope, in Slovakia, says don’t exploit religion for politics
September 14, 2021 By Philip Pullella PRESOV, Slovakia (Reuters) – Pope Francis said on Tuesday that the cross should not be used as a political symbol and warned against Christians trying to be triumphalist, in an apparent criticism of the use of religion for partisan ends. Francis flew to the city of Presov, in eastern […]
BAE Systems sees big opportunity in space after UK satellite deal
September 14, 2021 LONDON (Reuters) -British defence company BAE Systems has high hopes for its space business after acquiring UK-based In-Space Missions on Tuesday, giving it the ability to design, launch and operate complete satellites. “It (space) will be a big opportunity for us,” Chief Executive Charles Woodburn told Reuters on the sidelines of a […]
Apple expected to unveil new iPhones as part of 5G push
September 14, 2021 By Stephen Nellis (Reuters) – Apple Inc on Tuesday is expected to show new iPhone and Apple Watch models with slight upgrades, and analysts expect that wireless carriers will play an outsized role in the annual show as they try to entice consumers into 5G plans. Apple last year introduced its iPhone […]
Exclusive-China’s Miniso to double U.S. stores, add NY ‘flagship’ as pandemic slashes mall rents
September 14, 2021 By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese retailer Miniso Group will open a ‘flagship’ New York store and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap but fun goods for homes and work like $10 soft toy cats and $4 […]
Bolsonaro emerges as risk factor for Brazil IPO pipeline
September 14, 2021 By Carolina Mandl SAO PAULO (Reuters) – Competition, the pandemic and sectoral demand are common challenges facing companies planning initial public offerings (IPOs), but Brazilian companies have started to flag a new risk: political upheaval from far-right President Jair Bolsonaro. Cosmetics maker Coty and retailer Cencosud’s Brazilian units included the risk of […]
UK set for COVID booster programme as PM Johnson sets out winter plan
September 14, 2021 By Alistair Smout LONDON (Reuters) -British officials on Tuesday recommended COVID-19 vaccine booster shots be given to all vulnerable people and those aged over 50, ahead of an announcement by the government on its strategy for taming infections this winter. The Joint Committee on Vaccination and Immunisation’s recommendation of a third dose, […]
Chinese #MeToo plaintiff heads back to court for what could be last time
September 14, 2021 By Martin Quin Pollard BEIJING (Reuters) – The plaintiff in a high-profile Chinese #MeToo case headed into a second closed-door hearing in Beijing on Tuesday in what she said could be her last time in court in her lawsuit against a prominent state TV host. Prior to entering the court, which was […]
Philippines’ Pacquiao sues influential evangelist over graft accusation
September 14, 2021 MANILA (Reuters) – Boxer Manny Pacquiao on Tuesday sued for libel an influential celebrity evangelist followed by millions of Filipinos, after he accused the eight-division world champion of embezzling funds intended for a $70 million sports complex. Pastor Apollo Quiboloy, a self-proclaimed “Owner of the Universe” and “Appointed Son of God”, is […]
China aims for ‘civilised’ internet with focus on ‘socialist values’ – Xinhua
September 14, 2021 SHANGHAI (Reuters) -China will step up efforts to promote a “civilised” internet by strengthening oversight over the likes of news sites and online platforms and encouraging them to promote core socialist values, the state-run Xinhua news agency reported on Tuesday. After years of runaway growth and rapid change, China’s regulators have been […]
Czech president Zeman taken to hospital, waves to camera – media
September 14, 2021 PRAGUE (Reuters) – Czech President Milos Zeman was taken to hospital on Tuesday, waving to a camera as he arrived, local media reported. They gave no reason, and the president’s spokesman was not immediately available to comment. The news website Novinky.cz showed video of Zeman, 76, arriving at the hospital by car […]
Logistics robotics startup Ambi raises $26M
Five months ago, Ambi Robotics emerged from stealth with a $6 million raise. Today the Bay Area-based firm is back with several times that, announcing a $26 million Series A, led by Tiger Global. The new round also features participation from existing investors, including Bow Capital, Vertex Ventures US and The House Fund. The startup […]
Russia publishes plan to tax foreign tech, promote home-grown rivals
September 14, 2021 MOSCOW (Reuters) – The Russian government published a plan on Tuesday to impose new taxes on foreign-owned digital services by November, part of a package of proposals Moscow says are aimed at supporting its domestic tech sector. The proposed tax on foreign tech firms has been presented as part of an international […]
Russia fines Facebook for not deleting banned content
September 14, 2021 MOSCOW (Reuters) – A Russian court on Tuesday fined U.S. social media giant Facebook 21 million roubles ($288,000) for failing to delete content that Moscow deems illegal, the Tagansky District Court said. The fines come amid a wider standoff between Russia and Big Tech, with Moscow seeking to force foreign firms to […]
Evergrande short sellers face fee squeeze as shares slide
September 14, 2021 By Alun John HONG KONG (Reuters) – Fund managers wanting to short sell cash-strapped developer China Evergrande Group are paying unusually high fees to borrow the shares as demand to do so rockets and investors get out of long positions. The Chinese property group said on Tuesday it had engaged advisers to […]
Amazon boosts hourly pay to over $18, to hire 125,000 workers
September 14, 2021 (Reuters) – Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. Reuters exclusively reported the news earlier on Tuesday. The world’s largest online retailer also said it would pay a sign-on […]
In Argentina’s north, a ‘white gold’ rush for EV metal lithium gathers pace
September 14, 2021 By Agustin Geist SALTA, Argentina (Reuters) – In Argentina’s remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom. Beneath the South American country’s highland salt […]