BrightHire, a startup that wants to transform the way people are hired inside organizations, announced a $20.5 million Series B investment today led by 01 Advisors with participation from Index Ventures and Zoom Apps Fund. The fact that Zoom Apps Fund is involved is not a coincidence, as the company is based on taking information […]
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Medley, the coaching platform for personal and professional development, gets $3.7M led by A16Z
Medley, the group coaching platform that focuses on both personal and professional development, has today announced the close of a $3.7 million seed round led by A16Z. Connie Chan and Anne Lee Skates of Andreesen Horowitz led the round, with participation from Aglaé Ventures, Foundation Capital, Ciara Wilson, Jen Rubio, Dara Treseder (Peloton). and Sanyin […]
Exclusive-U.S. electronics firm struck deal to transport and hire Uyghur workers
October 7, 2021 By Cate Cadell QINZHOU, China (Reuters) – U.S. remote-control maker Universal Electronics Inc told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program […]
ECB debate reflects growing inflation fears, Sept accounts show
October 7, 2021 FRANKFURT (Reuters) -European Central Bank policymakers debated a bigger cut in asset purchases last month and harboured greater inflation concerns than their post-meeting communication suggested, the accounts of the Sept. 9 discussions showed on Thursday. With the economy now on a solid footing and inflation well above the ECB’s target, policymakers are […]
Amazon’s Twitch blames configuration error for data breach
October 7, 2021 (Reuters) – Twitch, a live streaming e-sports platform owned by Amazon.com Inc, on Wednesday blamed “an error” in server configuration change that might have allowed an alleged hacker to leak sensitive information. The platform said it was still assessing the impact and that it had reset all stream keys, or codes that […]
IMF urges governments to make fiscal plans to tame pandemic debt
October 7, 2021 By David Lawder WASHINGTON (Reuters) – Governments should start planning a return to more sustainable budgets with policies that win the trust of investors, after unprecedented fiscal stimulus to fight the COVID-19 pandemic, the International Monetary Fund said on Thursday. But each country must determine the appropriate timing and pace of fiscal […]
German union criticizes Stellantis over use of furlough scheme at Opel plant
October 7, 2021 BERLIN (Reuters) – Workers at Opel’s Eisenach plant, which was shut down last week until the end of the year due to chip shortages, on Thursday accused the carmaker’s owner, Stellantis, of exploiting Germany’s furlough scheme to move production out of the country. Union officials fear that Opel, which is bound by […]
Heirs of billionaire Brazilian banker Safra close to deal, sources say
October 7, 2021 By Carolina Mandl and Tatiana Bautzer SAO PAULO (Reuters) – Alberto Joseph Safra and his family are close to an agreement over the will of his father, Brazilian billionaire banker Joseph Safra, that could avoid litigation over an almost $15 billion fortune, two sources with knowledge of the matter said on Tuesday. […]
Future of Austria’s Kurz in doubt as coalition partner discusses options after bribery case
October 7, 2021 By Francois Murphy and Alexandra Schwarz-Goerlich VIENNA (Reuters) -Austria’s Greens, the junior party in the ruling coalition, raised the prospect on Thursday of deposing Chancellor Sebastian Kurz by holding talks with other parties on next steps after he was placed under investigation on suspicion of bribery. All three main opposition parties have […]
Kurds say United States agreed to stay in Syria
October 7, 2021 LONDON (Reuters) – A leading Syrian Kurdish politician said on Thursday the United States will stay on in Syria to destroy Islamic State, build infrastructure and remain a player in the search for a political settlement after more than 10 years of civil war. After meetings in Washington with representatives of the […]
Coinbase CEO Brian Armstrong might not be having fun at work, you guys
Aside from billions of dollars of personal wealth and historically impressive levels of corporate control, what’s the point of being a successful tech CEO these days? I’m not asking in the abstract. There are tweets. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter […]
In hopes of App Store changes, Paddle develops an alternative to Apple’s payments system
Paddle, a solutions provider subscription-based businesses, is betting on a future where App Store developers are able to use third-party payment systems — and it wants to be among the first to market with an alternative once such a system is permitted. The company today announced a new in-app purchasing (IAP) system aimed at iOS […]
E-commerce boom lets Deutsche Post 2021 targets for sixth time
October 7, 2021 BERLIN (Reuters) – Deutsche Post said on Thursday it would hike its 2021 guidance for the sixth time as the pandemic-spurred boom in e-commerce and parcel shipments continued well into the third quarter of 2021. The Germany-based provider of postal services said it would provide details of the new guidance with final […]
Oil eases as U.S. mulls strategic reserve sales
October 7, 2021 (Corrects to show U.S. stocks rose, not fell in paragraph 8) By Ahmad Ghaddar LONDON (Reuters) -Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas […]
Supply chain issues, delays could impact Cemex EBITDA for around $100 million- CEO
October 7, 2021 MEXICO CITY (Reuters) – Cemex, North America’s biggest concrete producer, said on Thursday that variables including supply chain issues, project delays and foreign exchange effects could impact EBITDA for around $100 million. “We believe on a preliminary basis… that all these variables can impact our EBITDA for an amount of around 100 […]
Sparkling Champagne sales ease gloom over ravaged vineyard
October 7, 2021 PARIS (Reuters) – Champagne sales are set to reach a four-year high this year, driven by strong exports to the United States and Australia, champagne wine growers lobby SGV said on Thursday, adding that Brexit and a row with Russia had not hit volumes. The forecast should cheer wine producers that face […]
Singapore, Netherlands marry nature and technology at Dubai Expo
October 7, 2021 DUBAI (Reuters) – Amid the soaring temperatures of the United Arab Emirates, visitors to Expo 2020 Dubai can take refuge at the Singapore pavilion’s mini rainforest. With 80,000 plants from 170 different species, the multi-layered structure is a green oasis amid the arid desert climate. A self-sufficient ecosystem, the hanging gardens and […]
Greece says its new defence pact with France protects against third-party aggression
October 7, 2021 ATHENS (Reuters) -A new defence agreement between Greece and France will allow them to come to each other’s aid in the event of an external threat, Greek Prime Minister Kyriakos Mitsotakis said on Thursday, amid increased tensions with Turkey. The strategic military and defence cooperation pact between the two NATO allies was […]
Exclusive-Cash airlifts planned to bypass Taliban and help Afghans – sources
October 7, 2021 By Robin Emmott, John O’Donnell and Jonathan Landay BRUSSELS/FRANKFURT/WASHINGTON (Reuters) – As desperate Afghans resort to selling their belongings to buy food, international officials are preparing to fly in cash for the needy while avoiding financing the Taliban government, according to people familiar with the confidential plans. Planning for the cash airlifts […]
German Social Democrats upbeat about three-way coalition talks
October 7, 2021 By Alexander Ratz BERLIN (Reuters) -Germany’s Social Democrats (SPD) began their first three-way talks with two smaller “kingmaker” parties on Thursday, confident they can move closer to leading a new government following an inconclusive national election. The Greens and business-friendly Free Democrats (FDP) agreed on Wednesday to enter the talks with the […]
