NEW YORK (AP) — Clara Wu Tsai, co-owner of the Brooklyn Nets, launched the largest business accelerator for minority founders of early-stage startups on Monday. Named BK-XL, the accelerator will invest up to $500,000 each in 12 startups led by Black, Indigenous and other minority founders in 2023. “Capital is one of the biggest impediments…
To entrepreneur Daniel Lubetzky, the founder of Kind snacks, kindness means more than just being nice. “If somebody is nice, they’re not going to bully. But if they’re kind, they’re going to stand up to the bully,” he said. “Kindness requires the strength of action.” It’s a lesson Lubetzky learned from his father, a Latvian…
DUBLIN (Reuters) – Ryanair on Monday predicted it would eventually become Europe’s only major low-cost carrier, with Chief Executive Michael O’Leary claiming a widening gap on costs would make rivals easyJet and Wizz takeover targets. “Europe is inexorably moving towards a similar out-turn as North America where you will have three very large, somewhat higher…
By Foo Yun Chee BRUSSELS (Reuters) -Airbnb and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as…
(Reuters) -Canadian equipment marketplace Ritchie Bros Auctioneers Inc said on Monday it would buy IAA Inc in a cash-and-stock deal valued at about $7.3 billion including debt. The purchase price of $46.88 per share represents a premium of about 19% to the closing share price of IAA common stock on Nov. 4. Under the terms…
BEIJING (AP) — China lashed out Monday over a visit to Taiwan by British Trade Policy Minister Greg Hands, the latest foreign official to defy Beijing’s warnings over contacts with the self-governing island republic. China claims Taiwan as its own territory and threatens to annex it by force. It also seeks to isolate it diplomatically,…
(Reuters) -Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting a third of G20 countries to identify rising prices as…
JOHANNESBURG (Reuters) -The board of South Africa’s Gold Fields will not change the terms of its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on Monday. Gold Fields’ decision reflects “commitment to capital discipline” and the “fairness” of its offer for shareholders in both Gold Fields…
(Reuters) -Marlboro maker Philip Morris International (PMI) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match despite winning accept from owners with no more than 82.59% of shares in the Swedish peer. By Swedish law a bidder can only initiate a compulsory redemption of remaining shares if voluntary…
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, official data showed on Monday, slightly lower than forecast and the slowest pace in six months. The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll. It was the lowest…
