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SINGAPORE, Dec 14 (Reuters) – Road and air traffic in China, the world’s second-biggest oil consumer, has rebounded sharply after a significant easing in the country’s COVID-19 restrictions, boosting the outlook for fuel demand and supporting crude prices. After almost three years of pursuing a policy targeting zero COVID cases, China last week abandoned many… Continue reading Untitled

Cover Whale Hires Carly Levin and Niv Ben-Dor to Senior Management Team

NEW YORK, Dec. 13, 2022 /PRNewswire/ — Cover Whale Insurance Solutions, Inc. , a leading commercial trucking insurance provider and fast-growing insurtech, today announced two key hires to its senior management team. Carly Levin is joining as Chief Strategy Officer and Niv Ben-Dor as Vice President of Product.  Levin joins Cover Whale from J.P. Morgan, where… Continue reading Cover Whale Hires Carly Levin and Niv Ben-Dor to Senior Management Team

India’s Bumble Bee raises $37m to manufacture autonomous air taxis

Air mobility startup Bumble Bee Flights on Tuesday said it has raised $37 million (Rs 300 crore) from UK-based technology conglomerate SRAM & MRAM Technologies and Resources Ltd. The Bangalore-based firm was founded earlier this year by serial entrepreneur Arjun Das, who previously co-founded the video analytics platform Nymo Technologies. With the new funds, the… Continue reading India’s Bumble Bee raises $37m to manufacture autonomous air taxis

Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round

US-based cybersecurity startup Snyk Ltd said on Monday it had raised $196.5 million in Series G funding, led by Qatar Investment Authority, which is at a lower valuation of $7.4 billion. The development comes after Snyk earlier this year had tapped banks including Morgan Stanley and Goldman Sachs Group Inc for an initial public offering (IPO)… Continue reading Qatar Investment Authority leads US cybersecurity startup Snyk’s Series G round

Investors bet on greed and fear as COVID grip loosens in China

Investors caught off-guard by China‘s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in the shares of liquor producer Kweichow Moutai Co and China Southern Airlines, seen likely to benefit from potential… Continue reading Investors bet on greed and fear as COVID grip loosens in China

The Wiesmann Project Thunderball is an EV sportscar you need to know about – British GQ

Outside of Germany, Wiesmann is barely known. A low volume, bespoke sportscar manufacturer based in country’s north, Wiesmann’s cars are ‘best kept secret’ kinda stuff. Those who know about them, adore them, those who don’t tend to assume they’re a new Morgan.  That mistake isn’t too hard to make. Wiesmann’s designs are very ‘old school… Continue reading The Wiesmann Project Thunderball is an EV sportscar you need to know about – British GQ

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Dec 8 (Reuters) – House Financial Services Committee Chairwoman Maxine Waters told Reuters on Thursday that she is prepared to subpoena FTX founder Sam Bankman-Fried, if he does not agree to appear before the panel next week, and she is working out the best way to do it. “We’ve made it clear that we want… Continue reading Untitled

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Dec 7 (Reuters) – Billionaire Elon Musk’s bankers are considering providing the Tesla Inc (TSLA.O) Chief Executive Officer with new margin loans backed by the U.S. automaker’s stock to replace some of the high interest debt on his Twitter deal, Bloomberg News reported on Wednesday. The margin loans are one of the options that the… Continue reading Untitled