Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. China’s anti-competition tech crackdown continues to redefine the dynamics among the country’s internet giants, leading to collaboration between Alibaba and Tencent in the payments race. In […]
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Cycling-Deignan makes history by winning first women’s Paris Roubaix
October 2, 2021 (Reuters) – Britain’s Lizzie Deignan rode to a landmark victory in the inaugural Paris Roubaix Femmes as rain, mud and crashes made it a memorable debut for the world’s best female riders over the infamous cobbled course on Saturday. The former world champion produced a dominant ride over the 115.6km course and […]
Fed vice chair traded into stocks on eve of Powell pandemic statement- Bloomberg
October 2, 2021 (Reuters) – U.S. Federal Reserve Vice Chair Richard Clarida traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair Jerome Powell issued a statement indicating potential policy action due to the worsening of the COVID-19 pandemic, Bloomberg News reported on Friday. Clarida’s trades […]
Brazil’s Petrobras won’t artificially control fuel prices – CEO
October 2, 2021 By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Petrobras Chief Executive Officer Joaquim Silva e Luna said there was “zero” risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have […]
UK records 121 COVID-19 deaths, 30,301 new cases
October 2, 2021 LONDON (Reuters) – The United Kingdom recorded a further 121 daily COVID-19 deaths and 30,301 new cases on Saturday, both slight falls from the previous day’s tallies of 127 and 35,577 respectively, official data showed. Cases in the last seven days were up 3.1% on the week before while daily fatalities of […]
Italy reports 25 coronavirus deaths on Saturday, 3,312 new cases
October 2, 2021 MILAN (Reuters) – Italy reported 25 coronavirus-related deaths on Saturday against 52 the day before, the health ministry said, while the daily tally of new infections fell to 3,312 from 3,405. Italy has registered 130,998 deaths linked to COVID-19 since its outbreak emerged in February last year, the second-highest toll in Europe […]
Why did the Zoom-Five9 deal eat %#*& and die?
Hello friends and welcome to bonus Equity, the sort of podcast episode where you get even more chat for the same low price of zilch. We are here to ensure a high ROI for your podcasting dollar! To cap the week off, Danny and Alex and Chris got together live on Twitter to chat through the […]
Navigating data privacy legislation in a global society
Daniel Barber Contributor Share on Twitter Daniel Barber is the CEO and co-founder of DataGrail. China, the most populous nation in the world, passed its first significant data privacy legislation in August. Moving forward, any global business or aspiring startup doing any type of trade or offering services online likely will be affected because they’ll […]
What a community means in the modern world of startups
“We believe that a thriving community is a company’s most valuable asset,” Community-led writes in its Declaration. “Community scales your business, resources and presence in ways that traditional marketing or advertising channels can’t. When done right, community enables and improves customer acquisition, streamlines support and success, bolsters retention, and provides crucial product insights. Community is […]
Biden says he hopes Republicans will not be irresponsible and refuse to raise debt limit
October 2, 2021 WASHINGTON (Reuters) – U.S. President Joe Biden said on Saturday that he hopes Republicans in Congress will not be irresponsible and refuse to raise the debt limit as a legislative deadline approaches. Biden said at the White House before heading to Delaware that he would work hard to get both the bipartisan […]
Russian billionaire Tinkov agrees to pay $500 million over U.S. tax charges
October 2, 2021 MOSCOW (Reuters) – Billionaire Oleg Tinkov, whose online bank is Russia’s second biggest credit card issuer, pleaded guilty on Friday to filing a false U.S. tax return and agreed to pay $507 million in taxes, interest and penalties, the U.S. Department of Justice said. He had been accused of concealing $1 billion […]
COP26 delegates agree on need to deliver on $100 billion climate finance pledge – UK’s Sharma
October 2, 2021 MILAN (Reuters) – Delegates heading to the COP26 U.N. climate summit in Glasgow agreed they must deliver on the $100 billion per year pledge to help most vulnerable nations tackle climate change, COP26 president Alok Sharma said on Saturday. Speaking after days of meetings at the pre-COP26 climate event in Italy, Sharma […]
Eyes of the world will be on Scotland for climate summit, queen says
October 2, 2021 LONDON (Reuters) – The world’s attention will be focused on Scotland for next month’s climate summit, Queen Elizabeth told Scottish lawmakers on Saturday, adding that they would have an important role making a better, healthier world. The queen opened the Scottish parliament on Saturday with fond remarks, four months after an election […]
The battle for British supermarket group Morrisons
October 2, 2021 (Reuters) – Morrisons, Britain’s fourth-largest supermarket group, is the subject of the country’s most high-profile takeover battle with a raft of bids and counter bids reflecting private equity’s appetite for UK Plc. Here is a timeline of events so far. June 19 Morrisons rejects a proposed 5.52 billion pound ($7.43 billion)cash offer […]
CD&R wins $10 billion auction for UK supermarket Morrisons
October 2, 2021 LONDON (Reuters) – Clayton, Dubilier & Rice (CD&R) has won the auction for Britain’s Morrisons with a 7 billion pound ($9.5 billion) bid, paving the way for the U.S. private equity firm to take control of the UK’s fourth biggest supermarket group. The Takeover Panel, which governs M&A deals in the UK […]
VW labour boss wants faster electric car rollout at Wolfsburg – Braunschweiger Zeitung
October 2, 2021 BERLIN (Reuters) – The head of Volkswagen’s works council wants the carmaker to bring forward production of electric vehicles at its main plant in Wolfsburg to 2024 make it more competitive, a newspaper reported on Saturday. The Braunschweiger Zeitung quoted works council chief Daniela Cavallo as saying a global chip shortage and […]
Egypt “selected as nominee” to host COP27 climate talks – U.S. envoy Kerry
October 2, 2021 MILAN (Reuters) – U.S. Climate Envoy John Kerry said on Saturday that Egypt had already been selected as the nominee to host the COP27 U.N. climate conference due to take place next year. Each year, a country representing a different region of the world takes over the presidency of the Conference of […]
New Zealand reports 27 COVID-19 cases amid anti-lockdown protests
October 2, 2021 (Reuters) – New Zealand officials reported 27 new cases of the highly infectious Delta coronavirus variant in Auckland on Saturday, as protestors took to the streets to rally against an almost two-month lockdown in the country’s biggest city. Auckland’s 1.7 million residents are expecting a government decision on Monday about whether it […]
Taiwan says further 20 Chinese air force planes entered its air defence zone
October 2, 2021 TAIPEI (Reuters) – A further 20 Chinese air force planes entered Taiwan’s air defence zone on Saturday, the defence ministry in Taipei said. That followed an incursion by 38 Chinese aircraft on Friday, the largest reported to date. (Reporting by Ben Blanchard; Editing by Andrew Heavens) Source Link Taiwan says further 20 […]
Rugby-Consortium acquires controlling stake in Saracens for 32 million pounds
October 2, 2021 (Reuters) – A consortium of investors has agreed terms to acquire a majority controlling stake in Premiership side Saracens for 32 million pounds ($43 million), the club said on Saturday. Saracens, four times Premiership champions and three times European Cup winners in the last five years, were relegated last season as punishment […]