News

September 14, 2021 By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks turned positive in afternoon trading on Tuesday after data showed U.S. inflation growth slowed sharply last month, allaying fears of a sooner-than-expected tapering in monetary stimulus by the Federal Reserve. The region-wide STOXX 600 index rose 0.2%, reversing declines earlier in the session […]

September 14, 2021 MONTREAL (Reuters) -Airbus is seeing mounting pressure on the aerospace supply chain and managing the problem is key to the industry’s recovery, the head of the European planemaker said on Tuesday. “We really see that the supply chain is in a much more difficult spot than it was before,” Chief Executive Guillaume […]

When you’re hot, you’re hot. And 1047 Games is making the most of the heat generated by Splitgate, its first game and a now a breakout success. After working on a shoestring for years, the team has since May raised three rounds, the latest for a massive $100M. Co-founder and CEO Ian Proulx credited a […]

Grammarly, the popular auto editing tool, announced the release of Grammarly for Developers today. The company is starting this effort with the Text Editor SDK (software development kit), which enables programmers to embed Grammarly text editing functionality into any web application. Rob Brazier, head of product and platform at Grammarly, says that the beta release […]

Millions.co, a social commerce platform geared towards professional and semi-professional athletes wanting help to monetize their fanbase by selling merch and/or on-demand video, has grabbed $10 million in funding led by Boston-based Volition Capital. The round is being loosely pegged as a Series A as the seasoned team behind Millions self-funded the first wave of […]

September 14, 2021 By Wendell Roelf CAPE TOWN (Reuters) – Efforts to develop an African base for COVID-19 vaccine production will focus on trying to replicate Moderna’s shot, but a lack of progress in talks with the U.S. company mean the project will take time, a senior WHO official told Reuters. The drive to produce […]

September 14, 2021 By Kate Lamb and Tom Allard JAKARTA (Reuters) – Indonesia plans to start opening its borders to foreigners in November once 70% of its target population have received at least one vaccine shot, its health minister said on Tuesday. In an interview with Reuters, Budi Gunadi Sadikin said he was taking cues […]

Nathan Ingraham Contributor Nathan Ingraham is the deputy managing editor at Engadget. Sonos has sold home theater products for a long time, but the company has made the living room even more of a priority in recent years. It started with the Sonos Beam, a smaller and more affordable version of the flagship Playbar soundbar. […]

Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor Tesla ordered to share Autopilot data with the US traffic safety agency FAA opens probe into anomaly on Richard Branson’s Virgin Galactic spaceflight Xiaomi is challenging Facebook in the wearables arena by launching its own smart glasses. The device […]

It’s a two-Exchange Tuesday, everyone. First up, we’re talking fintech valuations. Next up, we’re digging into Atlanta. Last week’s news that PayPal intends to buy Japanese startup Paidy marked the second major acquisition of a buy now, pay later (BNPL) company this year. PayPal’s news followed an even larger deal by Square for the Australian […]

EverAfter secured $13 million in seed funding to continue developing its no-code customer-facing tool that streamlines onboarding and retention and enables business-to-business clients to embed personalized customer portals within any product. The Tel Aviv-based company was founded in 2020 by Noa Danon and Tal Shemesh. CEO Danon, who comes from a project management background, said […]

September 14, 2021 NEW YORK (Reuters) – Underlying U.S. consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints. The Labor Department said on Tuesday its Consumer Price Index excluding the volatile food and energy […]

September 14, 2021 By Ben Kellerman NEW YORK (Reuters) -Red, silver and blue ruled the Metropolitan Museum of Art steps at a youth-driven Met Gala on Monday in a celebration of the best of American fashion. There were show-stopping outfits from rapper Lil Nas X, wearing a Versace suit of gold armor and supermodel Iman […]

Seems Locus Robotics is striking while the iron is hot. Seven months after raising a sizable $150 million Series E, Tiger Global is investing another $50 million in the Massachusetts firm. The last round made Locus a unicorn, and this one brings the company’s total funding to around $300 million. Locus specializes in warehouse and […]

There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. The round was led by Tiger Global Management, with participation from […]

QED Investors announced the closing of two new funds totaling $1.1 billion, capital that it will be using to back early-stage startups, as well as growth rounds for later-stage companies. Specifically, today QED is announcing a $550 million early-stage fund and a $550 million growth-stage fund, both of which are aimed at backing fintech companies […]

September 14, 2021 WASHINGTON (Reuters) – Underlying U.S. consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints. The Labor Department said on Tuesday its Consumer Price Index excluding the volatile food and energy components […]

September 14, 2021 LIVERPOOL, England (Reuters) – Liverpool must hit the ground running in their first Champions League game against AC Milan as a tough group also including Atletico Madrid and Porto will leave no room for error, manager Juergen Klopp said on Tuesday. Liverpool and Milan contested two finals in 2005 and 2007, with […]

September 14, 2021 By Jesús Aguado MADRID (Reuters) -A court hearing of a case brought by Italian banker Andrea Orcel against Santander over the bank’s withdrawal of an offer to make him CEO is expected to resume on October 20, a statement from the Madrid court said on Tuesday. Santander and Orcel ended up in […]

September 14, 2021 PARIS (Reuters) – Here are the highlights of Boeing’s annual Commercial Market Outlook (2021-2040) released on Tuesday, compared with the two previous editions. 20-YEAR FORECAST Publication date: 2019 2020 2021 Traffic 4.6% 4.0% 4.0% GDP 2.7% 2.5% 2.7% Starting Fleet 25,830 25,900 25,900* Deliveries 44,040 43,110 43,610 Regional 2,240 2,430 2,390 Single-aisle […]