Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal Dollar … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Gaming software company AppLovin Corp (APP.O) on Tuesday made an offer to buy peer … Read more

Russia launches Iranian satellite

Russia launches Iranian satellite

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Aug 9 (Reuters) – Russia launched an Iranian satellite into orbit from southern Kazakhstan on Tuesday, just three weeks after President Vladimir Putin and Supreme Leader Ayatollah Ali Khamenei pledged to work together against the ‘West. The … Read more

Tesla’s July sales of Chinese-made vehicles fall due to factory line upgrades

Tesla’s July sales of Chinese-made vehicles fall due to factory line upgrades

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier, as a planned … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

EXCLUSIVE Russia begins stripping airliners for parts as sanctions bite

This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 8 (Reuters) – Russian airlines, including state-controlled Aeroflot (AFLT.MM), are retiring jetliners to get spare parts they can no longer buy from abroad in because of Western sanctions, four industry sources told Reuters. The measures are in … Read more

Hollywood actress Anne Heche in a coma after a violent car accident

Hollywood actress Anne Heche in a coma after a violent car accident

Anne Heche attends the premiere of the film ‘The Tender Bar’ at the TLC Chinese Theater in Los Angeles, California, U.S., December 12, 2021. REUTERS/Aude Guerrucci Join now for FREE unlimited access to Reuters.com Register LOS ANGELES, Aug 8 (Reuters) – Hollywood actress Anne Heche remained hospitalized in critical condition, in a coma and on … Read more

US clears first Boeing 787 Dreamliner delivery in 21 – sources

US clears first Boeing 787 Dreamliner delivery in 21 – sources

The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 8 (Reuters) – The U.S. government on Monday approved delivery of the first Boeing (BA.N) 787 Dreamliner since 2021, paving … Read more

Chile will seek ‘consequences’ for sinkhole near copper mine

Chile will seek ‘consequences’ for sinkhole near copper mine

SANTIAGO, Aug. 8 – Chile will seek to impose tough sanctions on those responsible for a massive sinkhole near a copper mine in the north of the country, the mines minister said on Monday. The mysterious 36.5-meter-diameter hole that emerged at the end of July sparked the mobilization of local authorities and led the mining … Read more