VC firms create $60 billion-plus climate tech alliance with backing from the UN
A coalition of more than 20 venture capital firms launched Tuesday with the goal of getting the VC industry to increase its commitments to climate tech.
UK’s Prince William settled phone-hacking claim against Murdoch group, court documents show
Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm in 2020 for a “very large sum” after a secret deal struck with Buckingham Palace, lawyers for the heir’s brother Prince Harry said in court documents.
Goldman Sachs upgrades this express delivery stock, sees upside of 50%
The bank upgraded the express delivery company to buy from neutral and raised its price target on the stock to $42 per share from $37.
UK regulator holding up Microsoft’s Activision deal set to get new powers to rein in Big Tech
A new unit within the U.K.’s Competition and Markets Authority will be given powers to fine Big Tech firms up to 10% of global revenues for breaches.
Fintech firm Klarna overhauls its app with a TikTok-like discovery feed as A.I. hype swirls
“Buy now, pay later” firm Klarna on Tuesday made some sweeping changes to its app, including a TikTok-inspired discovery feed that recommends products to users.
Biden launches 2024 reelection campaign, promising to fulfill economic policy vision
Biden will seek to extend his streak as the oldest person to sit in the Oval Office. He would be 82 on Inauguration Day 2025 if re-elected.
KitKat and Nescafe owner Nestle says it’s raised prices by nearly 10% so far this year
Nestle raised prices by 8.2% in 2022, but CEO Mark Schneider had warned further rises were to come to defend its margins.
A ‘tinderbox’ with no easy off-ramps: What the Sudan conflict means for the world
Escalating conflict in Sudan is likely to spill over into the wider region and rest of the world, analysts have suggested.
UBS profits hit by legacy legal costs as it nears Credit Suisse merger
UBS reported $1.03 billion in net profit for the first quarter, down 52% year-on-year amid a legacy litigation matter.
Standard Chartered CEO warns of risks in the banking sector that haven’t ‘come home to roost’
“I think we can put the crisis behind us. I don’t think we can put the issue behind us,” Standard Chartered CEO Bill Winters told CNBC.
