A tougher fundraising environment reveals which companies and sectors investors have real conviction in, and which areas aren’t attractive outside of a bull market. AI startups dominated dealmaking this year, but there is another sector that VCs have stayed committed to: defense tech. We saw the latest example of this trend just this week. On … Read more
A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021. Bloomberg | Bloomberg | Getty Images Media stocks popped on Thursday as Roku’s 30% rally lifted the entire sector. Wall Street celebrated the streaming device company’s third quarter-report Wednesday, in which Roku reported strong trends in content … Read more
The World Bank has approved a $1 billion loan for South Africa to help it address an energy crisis that has peaked this year with the country’s worst electricity blackouts ByGERALD IMRAY Associated Press October 25, 2023, 3:39 PM FILE — A coal truck, right, passes the coal-powered Duvha power station, near Emalahleni (formerly Witbank) … Read more
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. gross domestic product grew by 0.2% in August, the Office for National Statistics estimated Thursday, partially recovering from … Read more
A LVMH Moet Hennessy Louis Vuitton SE store in Shanghai, China on Wednesday, June 14, 2023. Bloomberg | Bloomberg | Getty Images Shares of LVMH dropped to their lowest level of the year on Wednesday morning, after the company reported a slowdown in revenue growth that was below expectations. The stock was down 6% at … Read more
Kenya-based EV startup Roam has unveiled a brand new shuttle bus mannequin dubbed Transfer, coming because the East African nation continues to push for the adoption of electrical automobiles. Roam (previously Opibus) now plans to ramp up its manufacturing of the Transfer bus, and increase its charging infrastructure because it anticipates a progress in EV … Read more
Residential buildings stand on the Metro City growth, collectively developed by CK Asset Property Holdings Ltd., Nan Fung Worldwide Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Anthony Kwan | Bloomberg | Getty Pictures Hong Kong-listed property shares surged on Monday, main good points on the Dangle Seng Index … Read more
SHENZHEN, CHINA – MARCH 09: View of excessive business and residential buildings on March 9, 2016 in Shenzhen, China. Basic financial slowdown continues in China whereas the property worth and inventory bubble faces danger. (Picture by Zhong Zhi/Getty Photos) Zhong Zhi | Getty Photos Information | Getty Photos A lead China official referred to as … Read more
Cryptocurrencies rose broadly on Tuesday in opposition with the inventory market after the scores company Moody’s put the U.S. banking sector on watch. Bitcoin superior about 2.5% and was final buying and selling at $29,785.88, based on Coin Metrics. The worth of the flagship cryptocurrency failed to maneuver greater than 1% in both path for … Read more
By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese language storm” is looming over Europe’s rising electrical automobile (EV) sector, Renault Chairman Jean-Dominique Senard informed Reuters on Saturday, as Asia’s superpower dominates key uncooked supplies to make batteries for zero emission automobiles. China’s latest choice to limit exports of two metals – gallium and germanium … Read more