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SVB contagion: UK arm shuts down, government scrambles and startups brace for the worst

TechCrunch

The collapse of the US bank came after it tried to raise $2.25bn to offset losses from the sale of (mainly) US government bonds, leading to a 60% share price collapse, with customers and investors subsequently racing in their droves to empty their accounts. There was no crisis before this. How many did you speak to?

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Understanding Income Inequality

Beneblog: Technology Meets Society

I just had the thrill of spending an hour with Janet Gornick, the Director of LIS, an international data archive that is located in Luxembourg. LIS is the institute that created and manages this giant database, which is called the Luxembourg Income Study (LIS) Database. Which are widespread?

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Weather-focused IBISA raises seed round to back its microinsurance solutions for low-income small farmers

TechCrunch

The round was led by London-based specialized investor Insurtech Gateway, with participation from Rockstart’s AgriFood fund and others. While based in Luxembourg, the startup is focused on emerging markets, with a partnership-based approach. It now plans to use its funding to hire and expand its presence in existing and new markets.

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France’s strategy for EU startup policies: Talent and money

TechCrunch

And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. We also want to enable European venture capital with European funds, European knowledge and European teams Cédric O. New financial incentive to create 10 to 20 large VC funds.

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Einride brings its electric trucks to UK freight sector in partnership with PepsiCo

TechCrunch

back in 2021 , while in recent months it has rolled in to Germany and the Benelux (Belgium, the Netherlands and Luxembourg) region, with plans in place to target Norway this year too. Image Credits: Einride Einride had already expanded into the U.S. Its latest expansion comes hot on the heels of a major U.K.

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Max Q: Sierra Space, Blue Origin, Boeing and others stake out space real estate

TechCrunch

Terran Orbital is a contract manufacturer of satellites, working primarily with the government. Promus Ventures , a VC firm based in Chicago, closed a €120 million ($139 million) space fund, dubbed Orbital Ventures. The new fund, which will operate out of Luxembourg, will be focused on early-stage space companies.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

Twitter makes its API free for public announcement accounts Twitter announced on May 2 that it is making its API free for verified government or public-owned services posting about public utility alerts such as weather alerts, transportation information and emergency warnings. But once you refresh the page it disappears.

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