March and April are critical months for ocean carriers looking to ink annual freight contracts with shippers, including the world’s biggest retailers, but this year contract season is turning into a waiting game. The $2,500 spread between spot market rates and long-term freight contract rates for Asia to U.S. West Coast containers has reached its … Read more
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, a source familiar with the matter told TechCrunch, as the venture firm seeks to become a significant LP in the firm’s future vehicles and explore investment in different asset classes. The most influential investor in India and Southeast Asia revealed … Read more
The Big Picture Get ready to experience Guillermo del Toro’s haunting gothic horror film Crimson Peak in stunning 4K quality this spring. This deluxe 4K Blu-ray edition includes a wide array of special features, like audio commentary and behind-the-scenes featurettes. Don’t miss out on this personally approved release by del Toro himself, with all-new artwork … Read more
Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Valley this week to meet several industry titans, the latest in the venture firm’s broadening offerings and networking flex. About 60 founders, many backed by … Read more
Every November, the Global Carbon Project publishes the year’s global CO2 emissions. It’s never good news. At a time when the world needs to be reducing emissions, the numbers continue to climb. However, while emissions have been moving in the wrong direction, many of the underpinning economic forces that drive them have been going the … Read more
Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty Images After a tumultuous start to the year, Japan’s benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been … Read more
SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal last week, but didn’t reveal the financial … Read more
Comment on this storyCommentAdd to your saved storiesSave DUBAI — Just a few years ago, climate watchers had little confidence that China — the world’s largest emitter of greenhouse gases — would hit peak emissions long “before 2030,” as Beijing had pledged to do. But China’s economic slowdown and expansion of renewable energies have dramatically … Read more
ROME — Venice authorities on Thursday unveiled a pilot program to charge day-trippers 5 euros ($5.45) apiece to enter the fragile lagoon city on peak weekends next year in an effort to reduce crowds, encourage longer visits and improve the quality of life for residents. The rollout of the tourist “contribution” program came after Venice, … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023. Brendan McDermid | Reuters The world’s major central banks paused their interest rate hiking cycles in … Read more