News

September 7, 2021 (Reuters) – Volkswagen AG said on Tuesday it planned to set up a venture capital fund, which would initially invest 300 million euros ($355.14 million) in decarbonization projects and start-ups. “Decarbonization will make many things more affordable, not more expensive,” Herbert Diess, chief executive officer of Volkswagen, said in a LinkedIn https://bit.ly/38NnhyZ […]

September 7, 2021 LONDON (Reuters) – Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it the first British Black-founded unicorn, the company said on Wednesday. The early-stage funding round was backed by venture capital firm Passion Capital, Investec Bank and reinsurer SCOR, Marshmallow said […]

September 7, 2021 By Simon Jessop LONDON (Reuters) – Investors managing $2.3 trillion in assets on Wednesday called for more than 1,000 private companies to provide environmental data through non-profit disclosure platform CDP to address a gap in transparency with their listed peers. CDP said the group, including Neuberger Berman and Nuveen, had helped create […]

September 7, 2021 By Nandita Bose NEW YORK (Reuters) -President Joe Biden on Tuesday toured sites of deadly floods in the Northeast and said Hurricane Ida demonstrated the ravages of climate change as he pressed for investments to boost infrastructure and fight global warming. “Climate change poses an existential threat to our lives, to our […]

September 7, 2021 By Richard Cowan WASHINGTON (Reuters) -A U.S. House of Representatives committee this week will attempt to advance sweeping legislation to expand healthcare benefits for the elderly and other social services as part of Democrats’ $3.5 trillion domestic investment plan. The House Ways and Means Committee plans to debate its wide-ranging measure that […]

September 7, 2021 By Ingrid Melander PARIS (Reuters) – A trial of unprecedented scale starts under high security on Wednesday to judge 20 men suspected of involvement in a jihadist rampage across Paris on Nov. 13, 2015, the deadliest attack in peacetime France. Some 130 people were killed and hundreds wounded when gunmen with suicide […]

September 7, 2021 PARIS (Reuters) – Twenty people go on trial in Paris on Wednesday suspected of involvement in a jihadist assault on Nov. 13, 2015, the most deadly attack ever seen in peacetime France, in which 130 were killed and hundreds injured. A specially-built courtroom and additional rooms where the hearings will be broadcast […]

A spokesperson for Senate Majority Leader Chuck Schumer has conceded that the New York Democrat falsely claimed that “all” Americans who wanted to leave Afghanistan “have come out.” Government officials say that fewer than 100 U.S. citizens, and an unknown number of U.S. legal permanent residents, who want to leave Afghanistan are still in the […]

Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates — is announcing a milestone […]

September 7, 2021 By Marianna Parraga HOUSTON (Reuters) – Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said it was investigating nearly 350 reports of spills in and along […]

September 7, 2021 By Steve Keating NEW YORK (Reuters) -Canadian teenager Leylah Fernandez continued her U.S. Open dream run on Tuesday by storming into her first Grand Slam semi-final with a battling 6-3 3-6 7-6(5) win over Ukrainian fifth seed Elina Svitolina. It was yet another upset win for Fernandez but hardly a shock considering […]

September 7, 2021 By Sonali Paul MELBOURNE (Reuters) – Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail. The new law provides a blueprint […]

September 7, 2021 By David Shepardson and Tom Hals WASHINGTON (Reuters) -A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may pursue some claims against […]

September 7, 2021 By Jason Lange WASHINGTON (Reuters) -Former President Donald Trump on Tuesday endorsed Michigan state lawmaker Steve Carra’s bid to unseat U.S. Representative Fred Upton, his third endorsement of a challenger to a Republican who voted to impeach him on a charge of sparking the Capitol riot. It was his second such endorsement […]

September 7, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden’s aides on Tuesday asked Congress for billions in new funds to deal with hurricanes and other natural disasters as well as the evacuation of tens of thousands of people from Afghanistan. The White House said in a blog post at least $24 billion in […]

September 7, 2021 WASHINGTON (Reuters) -U.S. Special Envoy for Iran Robert Malley will visit Moscow and Paris this week for talks with Russian and European officials on Iran’s nuclear program, the State Department said on Tuesday. The talks will cover “Iran’s nuclear program and the need to quickly reach and implement an understanding on a […]

September 7, 2021 MEXICO CITY (Reuters) – Severe flooding led to the deaths of 17 people at a hospital in the central Mexican state of Hidalgo after torrential rains caused the River Tula to burst its banks, President Andres Manuel Lopez Obrador said on Tuesday. More than 40 other patients in the public hospital in […]

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 back to the Daily Crunch for Tuesday, September 7, 2021! Your regular host Alex Wilhelm is AFK for the next few days, so I (Greg Kumparak) will be handling […]

Sindhya Valloppillil Contributor Share on Twitter Sindhya Valloppillil is the founder and CEO of Skin Dossier, a venture partner at Next Gen Ventures, a freelance writer and formerly a beauty industry executive and marketing professor. More posts by this contributor It may not be as glamorous as D2C, but beauty tech is big money We […]

September 7, 2021 By Anthony Boadle and Stephen Eisenhammer BRASILIA/SAO PAULO (Reuters) -Brazilian President Jair Bolsonaro slammed the country’s Supreme Court and cast doubt on the integrity of next year’s elections on Tuesday as his supporters rallied in major cities at a time of heightened tensions in Latin America’s largest democracy. Facing slipping poll numbers, […]