Analysts say this is likely more of a one-off than a sign that LP interest in venture is waning. The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range to venture capital and … Read more
PORT-AU-PRINCE, Haiti (AP) — Gangs attacked two upscale neighborhoods in Haiti’s capital early Monday in a rampage that left at least a dozen people dead in surrounding areas. Gunmen looted homes in the communities of Laboule and Thomassin before sunrise, forcing residents to flee as some called radio stations pleading for police. The neighborhoods had … Read more
TALLINN, Estonia — Associates of late opposition leader Alexei Navalny reported Tuesday night that the politician’s close ally and top strategist was attacked near his home in Lithuania’s capital. Navalny’s spokesman Kira Yarmysh said the assailant smashed a window of Leonid Volkov’s car, sprayed tear gas into his eyes and started hitting him with a … Read more
PORT-AU-PRINCE, Haiti — On a ride through the gang-controlled streets of Haiti’s capital on Friday, past an improvised barricade, the motorcycle taxi reached a crossroad. First came the smell — of something burning. Then, the sight: a corpse, charred black, lying in the middle of street, its bones and feet sticking out of the pile … Read more
Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shakeup on Wednesday, headlined by former Treasury Secretary Steven Mnuchin, leading to a sharp rebound for its stock. NYCB has agreed to a deal with several investment firms including Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital … Read more
BELGRADE, Serbia — A key vote for control of Serbia’s capital, Belgrade — a focal point of widespread fraud reports after last December elections — is to be rerun later this year, officials said Sunday. The announcement follows months of soaring political tensions over claims that the ruling populists of President Aleksandar Vucic orchestrated a … Read more
DAKAR, Senegal — Gueva Ba tried to reach Europe by boat 11 times from Morocco, failing each attempt. Then, in 2023, the former welder heard about a new route to the United States by flying to Nicaragua and making the rest of the journey illegally by land to Mexico’s northern border. “In Senegal, it’s all … Read more
Inspired Capital is celebrating its fifth birthday with the closing of its Inspired Capital Fund III with $330M in capital commitments. This new amount brings the firm’s total assets under management to nearly $900 million. The New York-based early-stage venture firm was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker. They went … Read more
WARSAW, Poland — Thousands of farmers marched in Poland’s capital and Spanish farmers cut off traffic on highways near the French border on Tuesday in the latest protests against food imports from Ukraine and the European Union’s agricultural policies. The actions follow similar protests across Europe in recent weeks, and come as the West is … Read more
The adoption of open banking and instant payments is moving slowly in the United States compared to other markets around the world, for example, Brazil. That said, the new program FedNow went live in July 2023, and data-sharing regulations are forthcoming, so more potential is on the horizon. Until then, the co-founders of Zūm Rails … Read more