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S Korea vows ‘bold’ climate policy after accusations of inaction

South Korea’s climate envoy has promised “bold” policy changes from Seoul as one of Asia’s biggest greenhouse gas emitters comes under pressure for failing to act more forcefully to combat climate change. President Moon Jae-in in October pledged that South Korea would achieve carbon neutrality by 2050, following similar moves by the EU, Japan and…
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16 May 2021 0

Elon Musk giveth and taketh away

Hello friends, and welcome back to Week in Review! Last week, I wrote about Facebook’s never-ending Trump problem. This week, I’m looking at Elon Musk’s wild week of whipping crypto markets. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny.…
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16 May 2021 0

How one founder’s startup journey began with dropping out of school to work with Drake

This week’s episode of Found features Courtne Smith, founder of NewNew, a social app where people pay to vote on your decisions. The platform takes the concept of social polling to the next level, essentially allowing everyone to monetize their choices by turning them into a kind of social stock market where others can purchase…
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16 May 2021 0

Crypto and blockchain must accept they have a problem, then lead in sustainability

Monica Long Contributor As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision,…
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16 May 2021 0

UK online harms bill misses fraud’s gateway

The UK government has belatedly woken up to the problem of internet-enabled fraud, adding investment and romance scams to the list of harms technology companies should be responsible for policing under new draft legislation. But the last-minute addition is too little too late. The Online Safety Bill, announced as part of last week’s Queen’s Speech,…
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16 May 2021 0

Polymetal bets on Russia carbon tax

Polymetal is betting that Moscow will introduce a carbon tax as the London-listed Russian gold miner pushes to reduce its emissions. The FTSE 100 group plans to invest $850m on a programme to cut emissions 30 per cent against 2019 levels by 2030. Vitaly Nesis, chief executive, told the Financial Times he was “firmly convinced…
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16 May 2021 0

Developing countries sign Huawei deals despite US espionage warnings

US warnings of espionage by Huawei are failing to dissuade governments in Africa, Asia and Latin America from hiring the Chinese tech group for cloud infrastructure and e-government services, a study has found. The report by the Washington-based think-tank CSIS seen by the Financial Times identified 70 deals in 41 countries between Huawei and governments or…
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16 May 2021 0

Covid threat and drought combine to put India’s tea harvest at risk

India’s tea harvest is at risk as Covid-19 infections spread across plantations already struggling with a torrid drought. Ninety tea gardens in Assam, India’s top tea-producing state, have reported cases and with many declared containment zones, according to the local tea association, as authorities try to stop the virus spreading into more of the state’s 800 plantations. About 500 cases…
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16 May 2021 0