News

Helsinki-based VC Maki.vc is poised to reach the final close of its second fund at €100 million, with the aim to invest in seed-stage startups across Europe. The first investments from the new fund include UK-based Baseimmune (antigen discovery and vaccine design), Volare (Foodtech), and PixieRay (adaptive eyeglasses). Maki.vc’s initial ticket sizes range from €250,000 […]

The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in its Android operating system (OS) market. The U.S. tech company has restricted market competition by prohibiting local smartphone makers like Samsung Electronics and LG Electronics from customizing their Android OS, through Google’s anti-fragmentation agreements (AFA), […]

London-based PassFort, a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity. The 2015-founded startup‘s existing investors OpenOcean, Episode 1 and Entrepreneur First also participated in the round. The Series […]

September 14, 2021 (Reuters) – Emma Raducanu’s U.S. Open victory is among the “greatest achievements” in women’s sport, men’s world number eight Dominic Thiem said. The 18-year-old Briton stunned the sports world https://ift.tt/3z7tctC by beating fellow teenager Leylah Fernandez to become the first qualifier to win a Grand Slam title. Raducanu also became the first […]

September 14, 2021 (Reuters) – European stocks slipped in early deals on Tuesday as caution ahead of U.S. inflation data and weakness in luxury and mining shares offset optimism around the region’s economic recovery. The pan-European STOXX 600 index was down 0.2% after a partial recovery on Monday from last week’s slump. Luxury stocks including […]

September 14, 2021 SINGAPORE (Reuters) – Singapore’s finance minister Lawrence Wong said on Tuesday companies would move their business to other places if the financial hub’s policies turned overly restrictive, which would send its small and open economy into a tailspin. “If we are not careful, decades of hard work to build up our business […]

September 14, 2021 A look at the day ahead from Julien Ponthus. Slowly but surely, global policymakers are entering a new phase of their economic response to the pandemic. The rise in inflation, for one, may persuade central banks to speed up their stimulus exit plans. U.S. consumers’ expectations for inflation are at the highest […]

September 14, 2021 By Joseph Menn and Christopher Bing (Reuters) -A cyber surveillance company based in Israel developed a tool to break into Apple iPhones with a never-before-seen technique that has been in use since at least February, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical […]

September 14, 2021 MELBOURNE (Reuters) – BHP Group on Tuesday laid out its aim to achieve net zero emissions by 2050 from the operations of its customers by working with them to cut carbon out of their processes. BHP, the world’s biggest miner, has already committed to extinguishing emissions directly from its own operations and […]

September 14, 2021 LONDON (Reuters) – Britain’s travel sector is bracing for a new wave of job cuts, with an industry trade body saying that more than two thirds of its members were planning to make redundancies shortly due to the government’s restrictive holiday rules. Airlines and travel companies have slammed Britain’s travel rules as […]

September 14, 2021 By Nora Buli and Victoria Klesty OSLO (Reuters) -Norway’s centre-left opposition parties are on course to win a majority in parliament after Monday’s election and will now negotiate how to form a coalition, with climate change and a widening wealth gap expected to be central to discussions. Conservative Prime Minister Erna Solberg […]

September 14, 2021 The San Francisco Giants clinched their first postseason berth since 2016 on Monday night, using a five-run first inning against Yu Darvish as a springboard to a 9-1 victory over the visiting San Diego Padres. Tommy La Stella led off the bottom of the first with a home run and Evan Longoria […]

September 14, 2021 JAKARTA (Reuters) – The Indonesian parliament’s budget committee and the government have agreed to set a 2022 economic growth target of 5.2%, roughly the midpoint of President Joko Widodo’s proposal for 5.0%-5.5%, the committee’s chair aid Abdullah said on Tuesday. The committee and the government also tentatively agreed to raise the 2022 […]

September 14, 2021 NEW DELHI (Reuters) – India’s annual wholesale price inflation rose to 11.39% in August from the previous month’s 11.16%, mainly due to increases in the cost of fuel and manufactured items, government data showed on Tuesday. Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured […]

September 14, 2021 PARIS (Reuters) – Vivendi’s Universal Music Group, the world’s largest music company, whose artists include Lady Gaga and the Rolling Stones, published its prospectus on Tuesday ahead of a 33 billion euro ($39 billion) stock market flotation this month. UMG is benefiting from a music industry rebound, underpinned by booming streaming revenues […]

September 14, 2021 MILAN (Reuters) – Italian-American vehicle maker CNH Industrial said on Tuesday it had appointed Francesco Tanzi as chief financial officer of its commercial vehicle unit Iveco after its planned spin-off early next year. CNH Industrial said in 2019 it planned to split in two and separately list its lower-margin Iveco truck and […]

Apple is set to announce new iPhone models today. The company is holding a (virtual) keynote at 10 AM PT (1 PM in New York, 6 PM in London, 7 PM in Paris). And you’ll be able to watch the event right here as the company is streaming it live. Rumor has it that there […]

India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” in a major push to disrupt cross-border transactions, the central banks of the two nations said on Tuesday. The project to link India’s Unified Payments Interface (UPI) and Singapore’s PayNow is targeted for operationalization by July 2022, Reserve […]

September 14, 2021 MELBOURNE (Reuters) – Fortescue Metals Group has reached a deal with the Wintawari Guruma Aboriginal Corporation (WGAC) to oversee development of new mines at its Solomon Hub iron ore operations in Western Australia, the groups said in a statement. The pact comes as miners revise the way they negotiate with traditional land […]

September 14, 2021 By Ron Bousso LONDON (Reuters) – BP’s head of low carbon and natural gas Dev Sanyal will leave the energy company at the end of the year, BP said on Tuesday, an unexpected departure at a time when BP seeks to rapidly grow its renewables business and shift away from oil. Sanyal, […]