The decarbonization of the planet will be the next major disruption of the 21st century, according to SOSV managing general partner Sean O’Sullivan and Carmichael Roberts of Breakthrough Energy Ventures. A disruption of such magnitude will bring about changes that will touch every industry and corner of daily life, and as a result, a complex […]
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Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries
Ford Motor and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next-generation of electric F Series trucks — a project the companies said will create 11,000 new jobs. Facilities on the two campuses are designed to cover […]
India’s Bijnis lands $30 million to help manufacturers build digital identity and sell to retailers
The proliferation of affordable and fast mobile data allowed hundreds of millions of Indians to come online for the first time in the past decade. But there are scores of areas in the South Asian nation’s economy that remain largely offline. One of those is factories. There are about 150,000 factories in India, but the […]
Merck in advanced talks to buy Acceleron Pharma – WSJ
September 27, 2021 (Reuters) -Merck & Co is in advanced talks to acquire drugmaker Acceleron Pharma Inc, the Wall Street Journal reported https://ift.tt/3CNVJqj on Monday, citing people familiar with the matter. Merck and Acceleron did not immediately respond to Reuters’ request for comment. Cambridge, Massachusetts-based Acceleron focuses on the discovery, development and commercialization of therapeutics […]
Gymnastics-Biles says she should have quit before Tokyo Games
September 27, 2021 (Reuters) – Four-times Olympic gold medallist Simone Biles told New York Magazine that she should have quit gymnastics “way before Tokyo,” where she suffered from a case of “twisties” that derailed her attempt at a record haul of six golds. The 24-year-old American dropped out of the opening event at the Summer […]
Chile cenbank to decide on roll-out of digital currency in 2022
September 27, 2021 SANTIAGO (Reuters) – Chile’s central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank’s president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Regulators globally are cracking down on digital coins, alarmed at a rapidly expanding […]
Fed will allow labor markets to ‘run their course’: Bostic
September 27, 2021 (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their […]
Refinitiv agrees to pay a civil penalty of $650,000 for failing to report certain swap data -CFTC
September 27, 2021 WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC, in the agency’s first-ever enforcement action against a swap execution facility over reporting violations. Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to […]
Canada seeks to attract U.S. frequent flyers with perks on Air Canada
September 27, 2021 By Allison Lampert MONTREAL (Reuters) -Canada is trying to use the lure of travel perks to convince America’s frequent-flying elite to fly north on Air Canada, as the country steps up efforts to revive crucial traffic from the United States, a Canadian official said. COVID-19 has battered travel from Canada’s largest tourism […]
Brands considering a live-shopping strategy must lean on influencers
Madison Schill Contributor Share on Twitter Madison Schill is the director of marketing and communications at Livescale and is a former fashion editor and producer. Live shopping — the seamless and simultaneous combination of online shopping, livestreaming and social media — has been taking North America by storm since October 2019. Though booming to take […]
Shift to EVs means huge ‘reskilling’ job for Europe – report
September 27, 2021 By Nick Carey (Reuters) – The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to a report published on Tuesday. The Platform for Electromobility, an industry group, said a report by the […]
U.S. soy exports hit 6-month high as Gulf loadings rise after Ida; lag year ago pace
September 27, 2021 By Karl Plume (Reuters) -U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday. The export pace remained well below normal […]
Five key moments from the R. Kelly sex abuse trial
September 27, 2021 By Tyler Clifford and Luc Cohen (Reuters) – R. Kelly was convicted by a federal jury on Monday in his sex trafficking trial. Prosecutors described a decades-long scheme in which the R&B singer used his fame to lure women and underage girls into his orbit for sex. Here are five key moments […]
‘They yell ugly things’: Migrants in Chile’s north fearful after fiery protests
September 27, 2021 SANTIAGO (Reuters) – Venezuelan migrants in Iquique in northern Chile have been shaken by a series of angry protests by locals against settler camps which have popped up in city squares and even beaches, a reflection of simmering tensions over migration in the region. On the weekend thousands of local Chileans marched […]
No one from Afghanistan will address world leaders at U.N
September 27, 2021 By Michelle Nichols UNITED NATIONS (Reuters) -No representative from Afghanistan will address the annual high-level U.N. General Assembly in New York after the ambassador for the government ousted by the Taliban – who was due to speak on Monday – withdrew his name. The move comes as the ambassador, Ghulam Isaczai, and […]
Gillmor Gang: Work In Progress
Mostly friends and sometimes family have encouraged me to tell stories about my days in the comedy, music, and tech businesses. And for all of this time I’ve been reluctant. However, with the Pandemic and the impending birth of my first grandchild, I’ve reconsidered. My wife’s passion for genealogy has reminded us that stories get […]
Daily Crunch: Facebook pauses plans to release Instagram app for kids
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for September 27, 2021. Today’s TechCrunch news is big news, so instead of jamming it into the intro, we’re just going to dive in! — Alex […]
Soccer-UEFA nullify proceedings against Super League rebels
September 27, 2021 By Simon Evans MANCHESTER, England (Reuters) -UEFA have nullified disciplinary action against breakaway Super League clubs Real Madrid, Barcelona and Juventus after a Madrid court ruled that European football’s governing body should not sanction the rebel clubs. UEFA had opened a probe against the three clubs but in June it suspended proceedings […]
GM backs vehicle emissions reductions goals in EPA proposal
September 27, 2021 WASHINGTON (Reuters) – General Motors supports the emission reduction goals in the proposed rewrite of vehicle standards through 2026 issued by the U.S. Environmental Protection Agency last month, according to written comments the automaker filed with the EPA on Monday. GM called the EPA’s proposal “historically stringent” and said the Biden administration […]
Tennis-Clijsters suffers first-round exit in latest comeback match
September 27, 2021 (Reuters) – Former world number one Kim Clijsters, in her latest comeback to tennis, suffered a 6-3 5-7 6-3 loss to Taiwan’s Hsieh Su-wei in first-round action at the Chicago Fall Classic on Monday. The 38-year-old Belgian, who accepted a wild card into the hardcourt event, looked competitive during her first match […]