An email has been going around the internet as a part of a release of documents related to Apple’s App Store based suit brought by Epic Games. I love this email for a lot of reasons, not the least of which is that you can extrapolate from it the very reasons Apple has remained such…
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Archegos faces probe by department of justice. Family office or hedge fund ,take your pick. What is sure is that Bill Hwang’s leveraged bets are now going to be closely looked at by the US department of justice. Prima Facie the story doesn’t look that complex. Archegos got margin calls from lenders that it could…
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Tiger Management founder Julian Robertson has thrown his weight behind big US technology stocks, dismissing concerns that the sector has become too frothy after investors piled in at the height of the coronavirus crisis. The 88-year-old fund manager, who is considered to be a titan of the hedge fund world, told the Financial Times he…
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Getir, the Istanbul-based grocery delivery app, has raised $550m in new funding — tripling its valuation to $7.5bn, including the new capital, barely three months after its last financing. The deal means that seven-year-old Getir, which only began to expand outside Turkey in January and is now planning a US launch this year, is worth…
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A satellite image of icebergs detaching from the Pine Island Glacier in Antarctica, one of the continent’s fastest-retreating glaciers © New York Times/Redux/eyevine I’ve studied glaciers for most of my adult life, starting in geography classes as a teenager, when I was enthralled by the notion that at the peaks and poles of our planet…
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In its latest ambitious digital policy announcement, the European Union has proposed creating a framework for a “trusted and secure European e-ID” (aka digital identity) — which it said today it wants to be available to all citizens, residents and businesses to make it easer to use a national digital identity to prove who they…
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U.S. health regulators warned surgeons Thursday to stop implanting a heart pump made by Medtronic due to power failures recently tied to cases of stroke and more than a dozen deaths. Medtronic said earlier in the day it would stop selling its Heartware assist device, which is intended to boost blood circulation in patients with…
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President Joe Biden announced Thursday the U.S. will swiftly donate an initial allotment of 25 million doses of surplus vaccine overseas through the United Nations-backed COVAX program, promising infusions for South and Central America, Asia, Africa and others at a time of glaring shortages abroad and more than ample supplies at home. The doses mark…
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Australia is home to some of the world’s most fearsome creatures. But none is more destructive than the humble house mouse, a plague of which is rampaging across vast swaths of farmland and terrorising countryfolk. Farmers in New South Wales, the worst affected state, warned the furry critters could cost them A$1bn ($765m) in lost…
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The UK government is being threatened with legal action if it does not pause plans to collate the full medical histories of 55m patients in England into a single database from July 1. In a pre-action letter sent on Friday on behalf of five organisations and Conservative MP David Davis, the campaigners warned that “rushing…
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