The Midwest may not be known as the fashion capital of the world (or even the U.S.), but its place in the consumer retail firmament is secure through L Brands and its Victoria’s Secret and Bath & Body Works subsidiaries. Now, venture investors are investing $17.3 million to establish another tent-pole clothing brand in the […]

The $55tn industry has emerged scared and shrunken but largely intact

Calastone reports record inflows throughout April after heavy redemptions in March

Sale of German broadband provider rescues buyout firm’s performance

Slick stock-trading apps skip over the risks for inexperienced investors

Two-thirds of companies with lowly ratings from Moody’s were bought by PE groups

Pardoning cronies is offensive but precedented. Using DoJ to go after enemies is Nixonian

Will environmental and social initiatives survive Covid-19? Our specialists answered your questions

Private equity bid for Nichii Gakkan could set a template for future management buyouts

Row escalates between Elizabeth Warren, Blackstone and KKR after coronavirus crisis prompts cuts

German conglomerate hopes to offload lossmaking division to focus on steel

French group braced for revenue losses this quarter despite reopening most of its China factories

Chinese group writes to French government as it seeks to reassure over the future of Hayange plant

World’s largest auto group enjoys earnings boost and increases dividend

Herbert Diess wants to sell 26m emission-free vehicles in 9 years, overtaking rivals including Californian electric pioneer

Blume says industry faces supply constraints because of production ‘bottleneck’

Jingye to keep close contact with Paris as it completes takeover and saves 3,200 jobs

Battery maker Livent says industry is looking to diversify away from China

World’s biggest carmakers reveal costs of pandemic shutting down factories around world

Heavy toll on jobs through lay-offs and cuts in pay and hours as one of region’s key industries comes to ‘abrupt halt’

German supplier scraps outlook and warns smaller contractors could go out of business

Japanese conglomerate expects rebound in construction industry as cities end lockdowns

FTSE 100 plumbing supplier runs into opposition from shareholders over switch to US

Commercial aviation isn’t typically the place to look if you’re after carbon-light initiatives. Jet fuel isn’t generally very green, and airplanes burn a lot of it when traversing the skies. But supersonic flight startup Boom wants to change the perception of commercial aviation as an emissions-costly prospect, starting with their testing development program for the […]

Panasonic said it will stop producing solar cells and modules at Tesla’s factory in Buffalo, N.Y., ending a four-year joint venture with the electric automaker.  Nikkei Asian Review was the first to report that Panasonic planned to end its production agreement with Tesla . Panasonic has since issued an announcement to explain its decision. Tesla […]

The Citroën Ami is a new take on urban mobility. It’s electric, cheap and doesn’t require a license. In short, it’s less of a car and more of an electric scooter with two seats, doors and a heater. Jokes aside, the Citroën Ami could be a glimpse at the future of mobility. The innovation isn’t […]

Before leaving SoftBank-backed Zume Pizza in November 2018, co-founder Julia Collins knew what her next move would be: climate-friendly food. Today, Collins is announcing Planet FWD’s $2.7 million seed round led by BBG Ventures with participation from Cleo Capital, Cowboy Ventures, Precursor Ventures, Kapor Capital and others. What’s unique about this round, Collins told TechCrunch, […]

Vericool, a Livermore, Calif.-based startup that’s replacing plastic coolers and packaging with plant-based products, has raised $19.1 million in a new round of financing. The company’s stated goal is to replace traditional packaging materials like polystyrene with plant-based insulating packaging materials. Its technology uses 100% recycled paper fibers and other plant-based materials, according to the […]

Microsoft is embarking on a new sustainability initiative as part of its overall approach to support environmental protection measures, with a project it calls the “Planetary Computer.” This will actually be a computing endeavor that uses aggregated global environmental data collected from a number of sources as its input, and that will seek to employ […]

The Los Angeles Cleantch Incubator is rebooting its incubator program and moving from rolling applications to a cohort model beginning with 16 new startups.  Los Angeles’ not-for-profit incubator exchanges sweat equity in the form of services and office space, and the promise of $20,000 in funding for local pilot projects, for a 1.5% to 3% […]

In a small suburb of Melbourne, two entrepreneurs are developing a technology that could mean big changes for the packaging industry. Stuart Gordon and Mark Appleford are the co-founders of Varden, a company that has developed a process to take the waste material from sugarcane and convert it into a paper-like packaging product with the […]

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow, what a week, huh? This is yet another one of those weeks. Perhaps this is just life now, and every week will stretch before us, similar to […]

Let's take a look at why the SaaS cohort is the apple of Wall Street's eye.

After months of testing, Facebook’s redesign is finally official. Announced last year at F8, the more minimalist approach to its desktop design has been rolled out in waves. In March, the company added an option to try out the new version. Users could switch back and leave feedback for why they had done so. This […]

Tesla is aiming to ramp up “limited operations” at its factory in Fremont, Calif., a decision that puts the company and its CEO Elon Musk in direct conflict with a stay-at-home order in Alameda County. Update: On Friday, Alameda County health officials said the automaker was told not to reopen. Employees received two emails — […]

As the infrastructure for developing games becomes more advanced, studios have turned to buying best-in-class technology from others instead of building everything from scratch (often with inferior quality). This shift underpinned Unity’s rise as the most popular game engine. The current focus on games as ever-evolving social hubs that can remain popular for a decade […]

Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO Nelson […]

Google today launched an update to its Duo video chat app (which you definitely shouldn’t confuse with Hangouts or Google Meet, Google’s other video, audio and text chat apps). There are plenty of jokes to be made about Google’s plethora of chat options, but Duo is trying to be a bit different from Hangouts and […]

Saar Gur is adept at identifying the next big consumer trends earlier than most: The San Francisco-based general partner at CRV has led investments into leading consumer internet companies like Niantic, DoorDash, Bird, Dropbox, Patreon, Kapwing and ClassPass. His own experience stuck at home during the COVID-19 pandemic spurred his interest in three new investment […]

We’re not letting this pandemic disrupt Disrupt SF 2020. Like any determined early-stage startup founder, we’re adapting and moving forward. Can’t join us in person on September 14-16? No problem. Take advantage of Digital Startup Alley, a completely new way to disrupt. Place your startup in front of influential movers and shakers and keep your […]

Chris Lynch, a founder and former general partner at Boston-based seed-stage fund Accomplice, remembers “VC Mountain in Waltham.” Back then, entrepreneurs on funding quests would visit a building overlooking the Waltham Reservoir near Boston where they pitched to a few investors: Matrix Partners, Charles River Ventures and Highland Capital Partners. “And if they didn’t invest in […]

Given the endless drumbeat of layoff announcements — with deep cuts by Airbnb and Uber garnering much of the industry’s attention this week — it’s reasonable to wonder: what happens to all of the talent that’s being laid off? How does the changing supply and demand balance impact pay? Is anyone safe in this market? […]

Instant messaging service Telegram has amassed 400 million monthly active users, it said today, up from 300 million active users the seven-year-old service disclosed to the SEC last October. The service — founded by Pavel Durov, who also created Russian social networking site VK — said it adds about 1.5 million users each day and […]

Apple and Google have provided a number of updates about the technical details of their joint contact tracing system, which they’re now exclusively referring to as an “exposure notification” technology, since the companies say this is a better way to describe what they’re offering. The system is just one part of a contact tracing system, […]

Germany has U-turned on building a centralized COVID-19 contacts tracing app — and will instead adopt a decentralized architecture, Reuters reported Sunday, citing a joint statement by chancellery minister Helge Braun and health minister Jens Spahn. In Europe in recent weeks, a battle has raged between different groups backing centralized vs decentralized infrastructure for apps […]

Amazon is bringing a year’s worth of free, live and on-demand cooking classes to tens of millions of Amazon Fire TV and Fire tablet owners across the U.S., thanks to an expanded collaboration with Discovery’s Food Network Kitchen. The subscription service launched last fall as a flagship app for Amazon’s Alexa-powered Echo Show, bringing daily […]

A number of UK computer security and privacy experts have signed an open letter raising transparency and mission creep concerns about the national approach to develop a coronavirus contacts tracing app. The letter, signed by 177 academics, follows a similar letter earlier this month signed by around 300 academics from across the world, who urged […]

The makers of the world’s most ethical smartphone, the Fairphone 3, have teamed up for a version of the device with even less big tech on board. The Netherlands-based device maker has partnered with France’s /e/OS to offer a “de-Googled” version of its latest handset, running an Android AOSP fork out of the box that’s […]

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]

The UK may be rethinking its decision to shun Apple and Google’s API for its national coronavirus contacts tracing app, according to the Financial Times, which reported yesterday that the government is paying an IT supplier to investigate whether it can integrate the tech giants’ approach after all. As we’ve reported before coronavirus contacts tracing […]