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Europe is still in thrall to the analogue mindset

The EU is culpably complacent about the challenges of the digital age




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How to think about the EU’s rescue fund

We do not need another big lending programme; equity investments would get us out of the credit-versus-loans debate




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Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an additional 288, due to the effects of the COVID-19 pandemic […]




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Musk tweet knocks $14bn off Tesla market value

‘Stock price is too high’, writes outspoken chief executive




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In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars

It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across the cloud infrastructure market bore […]




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Markets Now - Tuesday 5th May 2020

Last updated 3:00pm BST. Featuring Royal Mail, Flutter, Stagecoach, Hiscox, Capital & Counties, Hammerson, Aston Martin, deep thoughts, kraftliner and Samhällsbyggnadsbolaget.




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Tinder to add video dating next quarter, after slowing user growth due to coronavirus

Tinder will add a video dating feature in the second quarter of this year, parent company Match announced on Tuesday as part of its Q1 2020 earnings report. The company also detailed the coronavirus impact, which slowed Tinder user growth in the quarter, as social distancing requirements and government lockdowns went into effect. Match didn’t […]




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UK’s coronavirus tracing app strategy faces fresh questions over transparency and interoperability

The UK’s data protection watchdog confirmed today the government still hasn’t given it sight of a key legal document attached to the coronavirus contacts tracing app which is being developed by the NHSX, the digital transformation branch of the country’s National Health Service . Under UK and EU law, a Data Protection Impact Assessment (DPIA) […]




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My Christmas book choices: fuel for the post-lunch argument 

From social mobility to how tax policy has shaped our history — and future




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Are you brave enough to hunt for value in a bear market? 

We have no real sense of how to value stocks in this environment




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Russia’s push back against big tech has major consequences for Apple

Tech companies are getting so large that Russia is fast-tracking laws aimed at developing "digital sovereignty." How will these regulations affect tech companies looking to do business in the country?




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Facebook, Reddit, Google, LinkedIn, Microsoft, Twitter and YouTube issue joint statement on misinformation

In an unprecedented move to reassure customers and flag the potential for misinformation about COVID-19 on their platforms, all of the major social media companies and their parent corporations issued a joint statement on their efforts. “We invite other companies to join us as we work to keep our communities healthy and safe,” the statement […]




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Confluent lands another big round with $250M Series E on $4.5B valuation

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. The company is now valued at $4.5 billion. Today’s round follows last year’s $125 million Series D. At that point the company was […]




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In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars

It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across the cloud infrastructure market bore […]




ue

In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars

It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across the cloud infrastructure market bore […]




ue

UK’s coronavirus tracing app strategy faces fresh questions over transparency and interoperability

The UK’s data protection watchdog confirmed today the government still hasn’t given it sight of a key legal document attached to the coronavirus contacts tracing app which is being developed by the NHSX, the digital transformation branch of the country’s National Health Service . Under UK and EU law, a Data Protection Impact Assessment (DPIA) […]




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Argentina plans to set $45 oil price in push to save Vaca Muerta

Executive decree set to prop up prices in hopes of saving domestic shale industry




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It may be too soon to make a big move toward ‘value’ stocks

Cheaper parts of the market can lag a lot more before the current global downturn ends




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India’s lockdown puts squeeze on mango harvest

Prices fall as farmers struggle to sell fruit seen as national delicacy




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Confluent introduces scale on demand for Apache Kafka cloud customers

We find ourselves in a time when certain businesses are being asked to scale to levels they never imagined. Sometimes that increased usage comes in bursts, which means you don’t want to pay for permanent extra capacity you might not always need. Today, Confluent introduced a new scale-on-demand feature for its Apache Kafka cloud service […]




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Biloba lets you chat with a doctor if you have questions about your children

Meet Biloba, a French startup that wants to leverage tech to make it easier to keep your children healthy. The company recently launched a new mobile app that lets you chat with a doctor whenever you want between 8 AM and 8 PM. This way, if you have questions about your kids, you can get […]





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Norwegian oil fund furore focuses on wrong questions

Debate about flight scandal has detracted attention from strategic changes and oversight at world’s biggest sovereign wealth fund




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Jingye tries to save British Steel rescue deal

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




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Chinese buyer of British Steel to pursue French arm

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




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Extra Crunch Live: Join Kirsten Green for a Q&A next Tuesday at 8 a.m. ET/11 a.m PST/6 p.m. GMT

Last month, the Extra Crunch Live team hosted conversations with folks from all over the venture community that ranged from the pre-seed world with Charles Hudson to shark territory with Mark Cuban. We’re starting off May with a packed agenda, including talks with Hunter Walk of Homebrew and Kirsten Green of Forerunner Ventures.  Kirsten Green […]




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WTO issues new report on treatment of medical products in regional trade agreements

The WTO Secretariat has published a new report on the treatment of medical products in regional trade agreements (RTAs) amid current supply shortages caused by the COVID-19 pandemic. The report examines the extent medical products are traded among preferential partners and the difference in liberalization rates within and outside these trade agreements.




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WTO issues report on trade impacts for WTO members graduating from LDC status

A new report issued by the WTO on 8 May seeks to help least developed countries (LDCs) better understand the trade-related implications of graduation from LDC status. The product of a joint effort between the WTO and the Enhanced Integrated Framework (EIF), “Trade Impacts of LDC Graduation” looks at how graduation may affect LDCs’ participation in world trade, including their access to export markets, and implications for their WTO commitments.




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Square’s The Avengers stars vaguely familiar versions of Marvel’s iconic heroes

This evening’s Square E3 press was…something. After more than an hour of Final Fantasy remasters, the publisher closed things out with far and away its most eagerly awaited game. Licensing some white hot IP, the RPG masters at Square are offering up their own take on Earth’s mightiest heroes. Bay Area-based Crystal Dynamics addressed what […]




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U.S. gasoline price continues to increase (short version)

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to increase (long version)

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to increase

The U.S. average retail price for on-highway diesel fuel rose to $3.08 a gallon on Monday. That's up a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price decreases

The U.S. average retail price for on-highway diesel fuel fell to $3.06 a gallon on Monday. That's down 1 1/2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. electricity fuel mix continues to shift

The U.S. Energy Information Administration reported continuing changes to the fuel mix for U.S. electricity generation. Over the past decade, the share of U.S. electricity generation supplied by natural gas-fired power plants increased from 23% of total generation in 2010 to an estimated 37% in 2019. This increase was offset by a reduction in the share of generation from coal-fired power plants from 46% in 2010 to an estimated 24% in 2019. EIA expects the share of coal generation to continue its decline to 21% in 2020, while natural gas's share of generation stabilize between 37% and 38% in 2020 and 2021 as renewable energy sources continue to gain market share. In its January Short-Term Energy Outlook, EIA estimated that the expected share of generation from renewable sources will increase from 17% in 2019 to 19% this year and to 22% in 2021. The increase in the renewables share is the result of an increase in electricity generation from wind and solar. The share of generation from hydropower is expected to remain the same through 2021.




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U.S. gasoline price continues to decrease (short version)

The U.S. average retail price for regular gasoline fell to $2.54 a gallon on Monday. That's down 3.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.54 a gallon on Monday. That's down 3.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to decrease

The U.S. average retail price for on-highway diesel fuel fell to $3.04 a gallon on Monday. That's down 2.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (short version)

The U.S. average retail price for regular gasoline fell to $2.51 a gallon on Monday. That's down 3.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.51 a gallon on Monday. That's down 3.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to decrease

The U.S. average retail price for on-highway diesel fuel fell to $3.01 a gallon on Monday. That's down 2.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (short version)

The U.S. average retail price for regular gasoline fell to $2.46 a gallon on Monday. That's down 5.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.46 a gallon on Monday. That's down 5.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to decrease

The U.S. average retail price for on-highway diesel fuel fell to $2.96 a gallon on Monday. That's down 5.4 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (short version)

The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 3.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 3.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to decrease

The U.S. average retail price for on-highway diesel fuel fell to $2.91 a gallon on Monday. That's down 4.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel prices continue to decrease

The U.S. average retail price for on-highway diesel fuel fell to $2.89 a gallon on Monday. That's down 2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to increases (short version)

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to increases (long version)

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel prices continue to decrease

The U.S. average retail price for on-highway diesel fuel fell to $2.88 a gallon on Monday. That's down 8 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.