News From Around Town

Stay up to date on some of the latest news in technology and startups. Headlines about the industry, the markets, and more.

Europe’s leaders disagree on Russia talks despite Biden-Putin meeting

Several EU countries oppose new talks with Russia because they do not believe there has been any change in behavior from Moscow.

Amazon and Google face UK competition probe over fake reviews

Britain's competition regulator on Friday launched a formal probe into Amazon and Google over concerns they haven't done enough to tackle fake reviews.

Prominent investor Scott Minerd predicts the 'real bottom' in the price of bitcoin

Minerd, global chief investment officer of Guggenheim Partners, had predicted "a major correction" in bitcoin prior to the latest plunge.

Big Oil's rise in climate lawsuits draws parallels to Big Tobacco

Analysts believe a rising tide of climate litigation cases against heavy emitting businesses is merely scratching the surface of what is to be expected.

Chinese Tesla rival Xpeng to raise up to $2 billion from Hong Kong listing

Xpeng will issue 85 million Class A ordinary shares at a price of no more than 180 Hong Kong dollars ($23.19) each for its dual-primary listing.

The UK's Covid vaccine program and delta surge means it's now a test case for the world

The U.K. has one of the highest Covid vaccination rates in the world yet it's seeing a surge in cases. Where the U.K. treads, others could follow, experts fear.

Toshiba chairman voted out after governance scandal, alleged government collusion

The move is a forceful rebuke of the company after it was found to have colluded with the government in suppressing foreign investor interests.

Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go global

Behind soccer players at this year's Euro 2020 championship, ads roll for a number of Chinese sponsors, including Alibaba-affiliate Alipay.

JPMorgan is ‘very bullish’ on 12 global stocks

JPMorgan says the next leg higher in equities is here as its analysts pick the global stocks to ride it.

Chinese ridesharing giant Didi aims for $60 billion valuation in IPO

Chinese ride-hailing giant Didi plans to list the equivalent of 72 million shares of Class A common stock on the New York Stock Exchange under ticker DIDI.

Morgan Stanley says investors are betting hard against one high-flying electric car stock

Investors have ramped up their bets that just one of three high-flying Chinese electric car stocks will see its share price drop.

Biden says more Americans will die as delta variant spreads: 'You know it's going to happen'

Biden said the delta variant is more easily transmissible and potentially deadly, "and especially dangerous for young people."

Dow futures rise 100 points helped by Nike earnings, key inflation report ahead

Investors will be watching for signs of inflations when the Commerce Department releases its core personal consumption expenditures index.