A staff member counts Chinese Yuan at a bank’s personal finance business service area in Haian, East China’s Jiangsu province, Sept 15, 2023. CFOTO | Future Publishing | Getty Images China’s central bank cut its benchmark five-year loan prime rate for the first time since June, extending Beijing’s efforts to revive the country’s anemic property … Read more
Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto … Read more
Brixton’s Reprezent Radio have sent out a funding plea in order to continue operating. The radio station was founded in 2011, and has helped countless young people and musicians into the industry such as Stormzy, Jamz Supernova, Maya Jama, and many others. The station was also visited by Prince Harry and Meghan Markle back in … Read more
LINCOLN, Neb. (AP) — Nebraska Gov. Jim Pillen reversed course on Monday and announced that the state will accept roughly $18 million in federal funding to help feed hungry children over the summer break. Pillen announced in December that the state would reject the funding, defending his position by stating, “I don’t believe in welfare.” … Read more
If you’re looking at the current seed funding climate and thinking it’s rough out there, you’re not alone. The last few years have been a roller coaster for startups. First came the uncertainty in the early days of the pandemic, then came the exuberance mid to late in the pandemic when cash flowed freely to … Read more
A stealth startup led by ex-Blue Origin leaders, focused on harvesting resources from the moon, has quietly closed a sizable new tranche of funding, according to regulatory documents. Interlune, a startup that’s been around for at least three years but has made almost zero public announcements about its tech, has raised $15.5 million in new … Read more
Last week, at our first StrictlyVC evening of the year, prominent AI investors Elad Gil and Sarah Guo joined us in San Francisco to talk about how they think about AI investing in a world where deals were getting bid up feverishly two months ago, and where reportedly, some startup teams are now looking to … Read more
You’re reading an excerpt from the Today’s WorldView newsletter. Sign up to get the rest free, including news from around the globe and interesting ideas and opinions to know, sent to your inbox every weekday. The United States and its allies are suspending funding to a U.N. agency at a critical moment for Gaza. Before … Read more
Early last week, Israel’s Foreign Ministry summoned a senior United Nations official to its office in Jerusalem and presented him with a startling allegation: Twelve of his agency’s workers had taken part in the Oct. 7 attacks on Israel, transporting weapons, raiding Israeli villages, and participating in the kidnapping of a soldier and a civilian. … Read more
A number of Western countries are suspending funding to the United Nations Relief and Works Agency (UNRWA), the largest humanitarian relief body in Gaza, amid Israel’s allegations that a dozen aid workers were complicit in the Hamas-led attacks on Oct. 7. Israel officials have reportedly presented the U.S. with evidence that UNRWA employees allegedly participated … Read more