Business
BBG Ventures closes new $60 million fund with focus on ‘polycultural’ founders
BBG Ventures will back startups with founders who are diverse across gender, race, age, and income. Read More
EU should spend 20% of budget on security and climate disasters, report says
Finland’s former president reports on cost of Europe’s preparedness for multiple crises
Tupperware’s sale to lenders approved by bankruptcy judge, keeping the iconic food containers on shelves
Under terms of the deal, a group of lenders is buying Tupperware’s brand name and various operating assets for $23.5 ...
‘Founder mode’ startup guru Paul Graham explains why he’s not backing Trump—‘He ran the White House like a mob boss’
Y Combinator co-founder Paul Graham calls Trump a ‘crook’ that cannot be trusted with the nation’s highest office. Read More
More than 60 die in Spanish floods
Worst European flooding since 2021 raises questions about how residents were alerted to forecasts of intense rain
Prada continues to defy luxury slowdown as Miu Miu sales boom
Italian group bucks gloom but warns that conditions in Asia are becoming ‘more challenging’
Wiz, Netskope, and 1Password headline Fortune and Lightspeed’s second annual Cyber 60
Fortune and Lightspeed have released the second annual Cyber 60. Read More
Toyota’s hybrid success can’t make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%
The decline was especially stark in Japan, after Toyota halted production of some models due to a faulty data scandal. ...
e.l.f Beauty’s CFO on the company’s fast growth and ‘walking the walk’ on diversity
The cosmetics and skincare company made its debut on Fortune’s 100 Fastest-Growing Companies list. Read More
You’re going to get richer under either Harris or Trump, new survey says
“We have stressed one very important point all along: do not mix politics with your portfolio,” an analyst at UBS ...
Britain’s King Charles III wishes Hello Kitty a happy birthday as the ‘CEO of supercute’ turns 50
The simple design of the character — who is not a cat, but a little girl from London according to ...
Woman fired after returning from maternity leave pregnant—again—gets $37,000 payout
Nikita Twitchen was preparing to return to her office administrator job after having a baby when she discovered she was ...
Exclusive: BBG Ventures raises $60 million fund and expands beyond backing female founders
The firm has always invested in companies with female founders, but is now expanding its mandate. Read More
Estée Lauder names Stéphane de La Faverie as new chief
William Lauder to relinquish executive chair role as company attempts to revive performance
UBS outshines expectations with $1.4 billion in profit but says macroeconomic outlook appears ‘gloomy’ due to U.S. election and geopolitical conflict
The Swiss bank, which suffered a $715 million loss in the same period last year after the forced takeover of ...
Georgia funeral home owner jailed after 18 decomposing bodies found while authorities were serving an eviction notice
Chris Lee Johnson, 39, of Douglas, has been charged with 17 counts of abuse of a dead body, the Georgia ...
Why Jeff Bezos blocked the Washington Post endorsement
It has to do with Blue Origin, one longtime advisor says. Read More
Colorado accidentally put its voting system passwords online for months but state insists election is still secure
The passwords were only one of two that are needed to access any component of Colorado’s voting systems, and are ...
Donald Trump threatens to make trade more expensive for ‘all the nice European little countries’
“They don’t take our cars. They don’t take our farm products,” Trump said, referring to Europe and warning that the ...
The stock market points to a win for Kamala Harris—unless it’s 1968 or 1980 all over again
Hubert Humphrey and Jimmy Carter are the only post-WWII candidates from an incumbent party to lose despite a pre-election market ...
Nvidia: undervalued in a golden era of robots?
Masayoshi Son of SoftBank is about to open a robot factory with the Saudis. Read More
British pharma giant GSK reports a Q3 loss due to Zantac cancer lawsuits—but CEO Emma Walmsley remains optimistic on delivering 2024 guidance
GSK suffered a loss after tax of £58 million ($75 million) in the July-September period compared with net profit of ...
Inside Dubai’s risky bid to become the world’s crypto hub
With a new digital assets regulator and companies like Binance, Dubai is hoping to win over blockchain business. Read More
JPMorgan’s latest growth strategy: challenging payday lenders on their home turf
JPMorgan says its new banking model is now profitable, which could spell trouble for competitors looking to serve the unbanked. ...
New York City law used to padlock suspected illegal marijuana shops is unconstitutional, judge rules
Mayor Eric Adams’ administration moved immediately to appeal, saying the city had successfully shut down more than 1,200 illegal shops in ...
Elon Musk wins divided court victory over post that seemed to threaten Tesla employees’ stock options if they joined a union
On May 20, 2018, Musk tweeted: “Nothing stopping Tesla team at our car plant from voting union. Could do so ...
The U.K.’s fertility rate is at its lowest level in 90 years, far below the ‘replacement rate’. Yet another snag in the nation’s productivity battle
“The fertility rate in England and Wales has been below two children per woman since the 1970s,” the ONS said. ...
Starbucks says workers risk ‘separation’ if they don’t go into the office at least three days a week while its CEO commutes in via company jet
The coffee company will enforce hybrid rules for corporate employees starting in January. Read More
Sheriff of Wall Street praises Kamala Harris as a ‘fierce warrior’ with the ‘courage to take on the big banks’
Harris previously went mano-a-mano with JPMorgan Chase CEO Jamie Dimon. Read More
