Americas

Finance

The Next Tesla? Investors Bet Big on Electric Truck Maker Rivian

PLYMOUTH, Mich. — It’s hard to imagine any company matching Tesla’s rocket-like rise. But if any electric car start-up could aspire to be the “next Tesla,” it would be Rivian.Founded in 2009 and based here, 30 miles west of Detroit, Rivian is preparing to produce an electric pickup truck and a sport-utility vehicle. Both models are supposed...

Yellen Pushes for Big Stimulus at Senate Hearing: Live Updates

The former Federal Reserve chair Janet Yellen testifies at the Senate Finance Committee hearing on her nomination to be Treasury secretary.Kriston Jae Bethel for The New York TimesJanet Yellen, nominated to be the next Treasury secretary, is one of a handful of nominees of President-elect Joseph R. Biden Jr. who are testifying before senators on Tuesday.Ms....

C.E.O.s, Former Officials Call for a Post-Trump Globalism Revival

A group of company leaders and former policymakers argue that “globalism” isn’t an epithet. Instead, they argue, it is the way forward.“Business leaders must realize that they not only have a moral obligation but also a commercial stake in advocating for a fairer, more equitable system. Unless and until the core problem of inequality is addressed,...

Why T-Shirts Promoting the Capitol Riot Are Still Available Online

Merchandise with phrases like “Battle for Capitol Hill Veteran” could still be purchased on major e-commerce sites, a sign of how the platforms have struggled to remove the goods.The day after the violent attack on the Capitol, Shopify declared that it had removed e-commerce sites affiliated with President Trump, including his official campaign...

How Full Employment Became Washington’s Creed

Policymakers are eager to return to the period of low unemployment that preceded the pandemic and are less concerned than in previous eras about sparking inflation and taking on debt.As President-elect Joseph R. Biden, Jr. prepares to take office this week, his administration and the Federal Reserve are pointed toward a singular economic goal: Get the...

Legal

Gpay raises Series A from KB Financial to expand its e-wallet platform in Vietnam

Gpay, a Vietnam-based e-wallet provider, has received an undisclosed amount in Series A funding from Korea-listed bank KB Financial Group. G-Group Technology Corporation, the parent of Gpay, also joined hands with KB Financial to launch a US$13-million fintech joint venture. As per a press note, the fresh funds will be used to expand its team […] The...

From professor to fintech entrepreneur: why David Chen of Atome decided to make the switch

With a PhD in Computer Science and a comfortable career as an Associate Professor at Singapore’s Nanyang Technological University, it would have been safe to assume David Chen would see out the remainder of his career in academia and groom the next generation of tech talent. However, he had other ideas. Having been awarded with […] The post...

Spacemob founder Turochas Fuad launches BNPL startup ‘Pace’ with a high 7-figure seed funding led by Vertex

Turochas “T” Fuad, a veteran entrepreneur and founder of co-working space provider Spacemob (acquired by WeWork in 2017), has launched a new venture in the fast-growing buy-now-pay-later (BNPL) space. Named ‘Pace Enterprise’, the fintech startup aims to bring in financial access and inclusion by facilitating extended buying limits to...

DarwinBox bags US$15M to expand its enterprise HR-tech platform in SEA

Darwinbox, an India-based enterprise HR tech platform, announced today it has closed a US$15 million funding round led by Salesforce Ventures. Existing investors Sequoia India and Lightspeed also participated in the round. As per a press note, the startup plans to utilise the new funds to accelerate its expansion in Southeast Asia by onboarding new...

2020 drained all my energy. Here’s what helped turn things around

A few friends asked me what my 2021 New Year’s resolutions were. I couldn’t give a proper answer. Still feeling 2020 drained all my energy. It didn’t feel like it would make any sense to have New Year’s resolutions. In an attempt to understand why I wasn’t all cheery about 2021, I looked back at […] The post 2020 drained all my energy....