News

Building credit history can be difficult if you are a consumer that is having trouble getting access to credit in the first place. Enter TomoCredit, which has developed a credit card focused on building credit history for first-time borrowers. The San Francisco-based startup is announcing today that it has raised $10 million in a Series […]

In order to support a buildout of renewable energy, which tends to over-generate electricity at certain times of day and under-generate at others, the grid is going to need a lot of batteries. While lithium-ion works fine for consumer electronics and even electric vehicles, battery startup EnerVenue says it developed a breakthrough technology to revolutionize […]

September 15, 2021 By Ambar Warrick (Reuters) – U.S. stock index futures edged higher on Wednesday on easing fears of an earlier-than-expected cut to monetary stimulus, even though a slowing economic recovery and uncertainty over higher corporate taxes weighed on sentiment. The S&P 500 had sunk to a more than three-week low on Tuesday, while […]

The EU will use legislation to push for greater resilience and sovereignty in regional semiconductor supply chains. The bloc’s president trailed a forthcoming ‘European Chips Act’ in a state of the union speech today. Ursula von der Leyen suggested that gaining greater autonomy in chipmaking is now a key component of the EU’s overarching digital […]

E-commerce has undoubtedly seen a huge boost in growth in the last year and a half of Covid-19 living, with people turning to the web and apps to shop for essentials and not-so-essentials to keep their social distance, and using delivery services to receive their goods rather than picking things up in person. Today, a […]

September 15, 2021 By Stephanie van den Berg THE HAGUE (Reuters) – A special tribunal in The Hague investigating allegations of atrocities committed by Kosovo pro-independence fighters opened its first case on Wednesday, against a commander accused of torturing prisoners during the 1998-1999 conflict with Serbia. At the start of his trial, Salih Mustafa, 50, […]

Cross-border commerce company Zonos raised $69 million in a Series A, led by Silversmith Capital Partners, to continue building its APIs that auto classify goods and calculate an accurate total landed cost on international transactions. St. George, Utah-based Zonos is classifying the round as a minority investment that also included individual investors Eric Rea, CEO […]

Walmart has tapped Argo AI and Ford to launch an autonomous vehicle delivery service in Austin, Miami and Washington D.C., the companies said Wednesday. The service will allow customers to place online orders for groceries and other items using Walmart’s ordering platform. Argo’s cloud-based infrastructure will be integrated with Walmart’s online platform, routing the orders […]

September 15, 2021 STUTTGART (Reuters) – Germany’s conservatives, trailing in polls less than two weeks before a national election, launched a stinging attack on Wednesday on the European Central Bank’s loose monetary policy. Friedrich Merz, the expert for fiscal and economic policies in the team of conservative top candidate Armin Laschet, said that, in contrast […]

Doccla, a healthtech startup with a platform that can monitor patients on hospital wards and in the home, has secured a $3.3 million Seed funding round, led by Giant Ventures and Speedinvest. The company allows hospitals to predict when beds will be freed up by monitoring patients remotely via wearable medical devices, thus helping to […]

September 15, 2021 By Gabriela Baczynska BRUSSELS (Reuters) -“If it seems impossible – then it can be done.” The European Union’s chief executive quoted the motto of Italy’s Paralympic champion Beatrice Vio on Wednesday as inspiration for challenges from climate change to COVID. European Commission President Ursula von der Leyen arrived at her annual policy […]

September 15, 2021 By Simon Johnson STOCKHOLM (Reuters) – Magdalena Andersson is favourite to become Sweden’s prime minister when her Social Democrat colleague Stefan Lofven steps down in November, but major challenges face the current finance minister if she is to keep the top job longer than a few months. If Andersson is picked to […]

September 15, 2021 By Giuseppe Fonte ROME (Reuters) – Italy’s Treasury expects the economy to grow by around 6% this year and by more than 4% in 2022, two sources close to the matter told Reuters on Wednesday, taking gross domestic product back above its pre-pandemic level by the end of next year. The 2021 […]

September 15, 2021 By Francesco Canepa FRANKFURT (Reuters) – A spike in euro zone inflation to above the European Central Bank’s target is a temporary “hump”, the ECB says – dusting off a metaphor used a decade ago by its then-president Jean-Claude Trichet. In 2011, the ECB hiked interest rates twice in four months, with […]

September 15, 2021 By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen and Vice President Kamala Harris will urge Congress on Wednesday to back proposed spending on affordable child care, armed with a new Treasury report that maps out big benefits such care offers the economy. Congress is considering a $3.5 trillion package […]

September 15, 2021 By Lisa Richwine LOS ANGELES (Reuters) – “The Morning Show,” the Apple TV+ series that tackled the #MeToo movement via the lens of a fictional newscast in its first season, returns this week and explores topics from racism and homophobia to addiction and cancel culture. The COVID-19 pandemic prompted the show’s creators […]

September 15, 2021 By Sarah N. Lynch WASHINGTON (Reuters) – Olympic gymnasts Simone Biles and Aly Raisman will testify on Wednesday about the sexual abuse they suffered at the hands of disgraced USA Gymnastics doctor Larry Nassar, as the U.S. Senate examines why the FBI failed to investigate his crimes sooner. Biles and Raisman will […]

September 15, 2021 DAKAR (Reuters) – Ghana’s economy grew by 8.9% in the second quarter, President Nana Akufo-Addo told an investment conference on Wednesday as the oil-, cocoa-, and gold-producing nation recovers from the impact of the coronavirus pandemic. “In spite of the ravages of the pandemic, we’re working to grow the economy at a […]

September 15, 2021 By Anna Wlodarczak-Semczuk WARSAW (Reuters) – The leader of Poland’s ruling party has signalled it will try to overturn the Senate’s rejection of a media bill which opponents say is intended to silence a U.S.-owned channel that is critical of the government. The bill outlines reforms that would strengthen a ban on […]

September 15, 2021 ATHENS (Reuters) – Greece’s jobless rate dropped to 14.2% in July from 15.0% in the previous month, data from the statistics service ELSTAT showed on Wednesday. Seasonally adjusted data showed 664,384 people were officially unemployed, with those aged under 24 the hardest hit. The jobless rate for young people aged 15-24 dropped […]