The car giant says the shutdown will help it to cope with the risk of disruption at its Swindon plant.
Business lobby group airs ‘differences of opinion’ with White House as shutdown drags on
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1. How Trump’s government shutdown is harming cyber and national security
The government has been shut down for nearly three weeks, and there’s no end in sight. While most of the core government departments — State, Treasury, Justice and Defense — are still operational, others like Homeland Security, which takes the bulk of the government’s cybersecurity responsibilities, are suffering the most.
2. With SEC workers offline, the government shutdown could screw IPO-ready companies
The SEC has been shut down since December 27 and only has 285 of its 4,436 employees on the clock for emergency situations. While tech’s most buzz-worthy unicorns like Uber and Lyft won’t suffer too much from the shutdown, smaller businesses, particularly those in need of an infusion of capital to continue operating, will bear the brunt of any IPO delays.
In 2018, seed activity as a percentage of all deals shrank from 31 percent to 25 percent — a decade low — while the share and size of late-stage deals swelled to record highs.
N26 is building a retail bank from scratch. The company prides itself on the speed and simplicity of setting up an account and managing assets. In the past year, N26’s valuation has exploded as its user base has tripled, with nearly a third of customers paying for a premium account.
Bird is reportedly nearing a deal to extend its Series C round with a $300 million infusion led by Fidelity. The funding, however, comes at a time when scooter companies are losing steam and struggling to prove that its product is the clear solution to last-mile transportation.
It’s no secret that AWS has long been accused of taking the best open-source projects and re-using and re-branding them without always giving back to those communities.
Looks like Samsung is giving Mobile World Congress the cold shoulder and has decided to announce its latest flagship phone a week earlier in San Francisco.
Greek PM Alexis Tsipras praises new ‘relationship of trust’ with German chancellor
Angela Merkel arrived in Greece on Thursday for a two-day visit to the country that has posed some of the greatest challenges of her time at the helm of Europe’s powerhouse economy.
It is a trip heavy with symbolism for a leader whose policies have defined the continent and who has announced she will leave office at the end of her term in 2021.
We asked shoppers in Liverpool what they spent money on over Christmas.
This is quite fascinating — and surprising: The folks who are most against government spending are also the biggest beneficiaries of it — and also, vice-versa. Balance of Payments between States and the Federal Government Source: Rockefeller Institute of Government Who Gives and Who Gets? Per Capita basis Source: Rockefeller Institute of Government
Growth in service sector jobs belies the president’s vision of American ‘carnage’
My morning train reads: • Volatility: how ‘algos’ changed the rhythm of the market (Financial Times) • China’s slowdown is the biggest threat to world economy (Washington Post) • Big Dairy Is About to Flood America’s School Lunches With Milk (Bloomberg Businessweek) • Can More Information Lead to Worse Investment Decisions? (Behavioural Investment) see also Working Hard Is Bad For Investors (Dan Solin)…
Sector braced for slowdown as over-reliance on Chinese market takes toll on exports