After a decade of dramatic ups and downs, 2020 was supposed to be a climax year for U.S. wind farm construction. Instead, with the coronavirus pandemic rattling supply chains and thinning workforces, things could get messy for an industry that should be taking a victory lap. Developers are poring over force majeure provisions in their contracts. Investors are nervous. Without political relief, projects could get canceled outright, industry figures say -- and relief in Washington, D.C. looks anything but certain. Every industry has been affected by the outbreak and its economic shock.
Neither Silicon Valley nor India tech Inc has been granted any real monetary respite by their governments. But in true start-up spirit, both are fighting it out.
Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp control about 90% of fuel pumps in India, where falling fuel consumption has deepened crude refining cuts by state refiners. Some have declared force majeure on crude purchases as storage facilities are full.
This morning, Utah-based SaaS startup Podium announced that it has closed a $125 million Series C led by Y Combinator's Continuity fund, with participation from Sapphire Ventures and Alkeon, and Recruit Co. Ltd. Prior investors IVP, GV, Summit, and Accel also took part in the funding event. The new capital values Podium at around $1.5 billion, and brings [...]
Billionaire Bill Ackman Plowed More Than $200M Into Warren Buffett's Berkshire Hathaway After The Coronavirus Sell-off | Markets Insider
"Berkshire Hathaway was built by Warren Buffett to withstand a global economic shock like this one. ": Billionaire investor Bill Ackman bought more than $200 million worth of Berkshire Hathaway stock after the novel coronavirus ravaged stock markets, signaling his confidence in Warren Buffett's conglomerate. "Berkshire Hathaway was built by Warren Buffett to withstand a global economic shock like this one," Ackman said in Pershing Square's 2019 annual report, published this week. The hedge fund boosted its stake in Berkshire by 39% last month using some of the $2.6 billion windfall from its coronavirus hedges, Ackman said in the report.
Miso Robotics announced the official launch of its crowdfunding campaign, which aims to raised $30 million in equity funding. : Today marks the official start of Miso Robotics' series C equity crowdfunding campaign, which the startup announced in November 2019 in collaboration with Circle's SeedInvest and Wavemaker Labs. After securing U.S. Securities and Exchange Commission approval, Miso raised $2.6 million in reservations (with over $860,000 underway) following an $80 million pre-money valuation last year, with the goal of raising $30 million over the next few months.
SINGAPORE: The COVID-19 crisis has re-affirmed the value of Singapore's key institutions and the key tenets of the country's "prudent fiscal policy", said Deputy Prime Minister Heng Swee Keat on Tuesday (Apr 7). These include spending prudently, investing wisely and planning consistently for the ...
The round also saw the participation of BAIC Capital and Goldstone Investment. The post China's AISpeech closes $58m in Series E round led by CTC Capital appeared first on DealStreetAsia.
The gravity and urgency of the entwined COVID-19 public health and economic crises must be reflected in an unprecedented response. In this letter world leaders, leading global health experts and economists outline what is needed. The two crises require urgent specific measures that can be agreed on with speed and at scale. Both require world leaders to commit to funding far beyond the current capacity of our existing international institutions.
The White House coronavirus task force warns Americans to brace for a moment like 9/11 or Pearl Harbor. President Donald Trump pushes unproven antimalarial drug.