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How Trump could help schools reopen in the fall

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "For the official audio record of that day to now turn up missing has every appearance of a coverup." — Rep. Raúl M. Grijalva, who's leading the investigation into the June 1 assault on peaceful protestors in Lafayette Square, upon learning that the US Park Police did not record their audio transmissions during the raid. WHAT'S HAPPENING Supreme Court allows employers to opt out of contra...
Tags: Florida, New York, Texas, London, Cdc, Washington, Kentucky, Oregon, White House, Virginia, New York City, US, Trends, Ukraine, Mit, Harvard

This AI system locates drone pilots flying too close to airports

Scientists have built an AI tool that finds drone pilots flying dangerously close to airports or protected airspace. The system aims to reduce the risks drones pose to aircraft. Not only can they collide with planes, but they can also interfere with radio signals, causing a pilot to lose control of the aircraft. These risks have already caused chaos at a number of airports. Most notoriously, London’s Gatwick airport was forced to shut down in December 2018 after drones were spotted near the runw...
Tags: Startups, London, Gatwick, Insider, Neural

Fintech investors see more red tape for the booming payments space following the Wirecard scandal, and say that costs to comply could crimp newcomers' growth

Investors expect greater scrutiny from regulators around the payments space in the wake of the Wirecard accounting scandal.  They think the payments industry could see more consolidation, with only fintechs with the most funding able to meet stricter regulatory requirements. Incumbents could also capture back market share from startups, as customers look to move to more established players. For more stories like this, sign up here for our Wall Street Insider newsletter. Fintech investors are ...
Tags: Europe, London, China, US, Trends, Customers, Paypal, Goldman Sachs, Fis, Mastercard, Bain Capital Ventures, Business Insider, Klarna, Bluesnap, Ouml, Fiserv

Nauta Capital launches fifth fund with €120M to back early-stage European B2B startups

Nauta Capital, the pan-European venture capital firm that invests in B2B technology startups at seed and Series A, is launching its fifth fund. The new vehicle has an initial close of €120 million and is expected to surpass the VC’s 2016 fund, which topped out at €155 million. With offices in London, Barcelona and Munich, Nauta Capital has over half a billion under management and is supported by a team of 24 people, making it one of Europe’s largest B2B focused VCs. The firm invest in companies ...
Tags: Travel, Fundings & Exits, Startups, TC, Facebook, Europe, London, Microsoft, Germany, Berlin, America, Spain, General Partner, Nauta, ARR, Carles

Permutive raises $18.5M to help publishers target ads in a new privacy landscape

Permutive is announcing that it has raised $18.5 million in Series B funding, as the London-based startup works to help online publishers make money in a changing privacy landscape. CEO Joe Root, who co-founded the company with CTO Tim Spratt, noted that publishers are facing increasing regulation while web browsers are phasing out support for third-party cookies — all good news for privacy advocates, but with a real downside for publisher ad revenue (blocking cookies causes an average 52% decli...
Tags: Google, Fundings & Exits, Startups, UK, London, Advertising Tech, Funding, Root, Tech, Joe Root, Anthony, Cto, Octopus Ventures, EQT Ventures, Criteo, Liveramp

The life and career of Alex Karp, the billionaire CEO who's taking Palantir public in what could be one of the biggest tech IPOs of the year

Palantir, the secretive and controversial big data company, announced on Monday that it had filed to go public.  Since 2004, the company has been run by cofounder and CEO Alex Karp, an unusual and eccentric leader who pursued a Ph.D. in philosophy and invested on behalf of wealthy European clients before joining Palantir.  Karp is also a fitness and wellness fanatic who swims, meditates, and practices martial arts.  Karp is worth about $1.3 billion and has never been married. Though Palantir i...
Tags: London, Ebay, Stanford, US, Trends, Reagan, Paypal, Palo Alto, Tai Chi, Pennsylvania, New Hampshire, Peter Thiel, Silicon Valley, Philadelphia, Wall Street Journal, Palantir

Uber to launch London boat taxis — but its operating license debacle remains unresolved

This summer, Uber is launching its first water-based taxi service on the Thames river that runs through the center of London. However, it still hasn’t had its taxi cab operating license  for the city renewed after being canceled by regulators last year. The American ride hailing company is going to work with Thames Clippers, a company that already runs river bus services on the city’s river, to provide the service. As with its other services, Uber is leaving the actual driving to someone else. A...
Tags: Startups, London, Cars, Ride-share, Shift, Thames River, Thames Clippers

We got an exclusive look at the pitch deck will writing startup Farewill used to raise $25 million

London-based tech startup Farewill has raised £20 million ($25 million) from Highland Europe and existing investors Augmentum, Jam Jar Ventures, Kindred Capital.  Farewill, a startup that makes it easier for people to write their will, has seen increased demand for its services during the coronavirus pandemic.  "Fundraising was a mad experience," Dan Garrett, CEO and cofounder of Farewill told Business Insider in an interview. "It was six weeks of back-to-back zoom calls with 50 funds, that wa...
Tags: UK, London, Trends, Highland Europe, Garrett, Highland Capital, Dan Garrett, Farewill, Stan Laurent, Macmillan Cancer Support Cancer Research UK Crisis

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Civil rights groups called their meeting with Facebook execs a 'disappointment' and said the company isn't ready to address the platform's 'vitriolic hate.' Facebook executives Mark Zuckerberg, Sheryl Sandberg, and Chris Cox "showed up to the meeting expecting an A for attendance," according to the groups. Apple is 'assessing' the human rights impact of Hong Kong's new national security law, but has not paused data requests f...
Tags: Apple, Facebook, Hong Kong, UK, London, Microsoft, Congress, Trends, Bloomberg, Facetime, Sundar Pichai, Sheryl Sandberg, Alexa, Peggy Johnson, US Department of Justice, T Mobile

3 Ways To Work Smart After Lockdown

To say that the Covid-19 pandemic has been challenging for businesses is a massive understatement. While the government in nations like the UK moved swiftly to offer various financial support schemes, when these are withdrawn in the coming months and businesses are left to their own devices, it’s unclear which will sink or swim. But one thing’s certain in this uncertain world – if you’re lucky enough to be running the type of business that’s been able to continue operations remotely and you’ve ...
Tags: Work From Home, Startups, UK, London, Remote Work, Workplace Culture, Glasgow, Others, School of Life, Coworking, MadeBrave, Chelmsford Arise Innovation hub

Stop trying to shame companies that took PPP loans

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "It was positive for me." — Brazil's President Jair Bolsonaro announcing he has tested positive for coronavirus, after months of flouting public health recommendations, rejecting masks, and doubting the seriousness of the pandemic. WHAT'S HAPPENING Donald Trump paid someone to take the SAT for him. That's one of the allegations in Mary Trump's book about her uncle. She also says Fred Trump...
Tags: Google, Facebook, Hong Kong, Europe, David Brooks, Florida, London, Mississippi, Senate, China, US, Trends, Iran, United States, New York Times, Peter Thiel

How European seed firm Connect Ventures finds ‘product-first’ founders

Connect Ventures, the London-based seed-stage VC that was an early investor in Citymapper and Typeform announced a new $80 million fund last month to continue investing in “product-led” founders. Launched back in 2012, when there was a shortage of institutional capital at seed stage in Europe and micro VC was a novelty in the region, Connect Ventures invests in B2B and consumer software across Europe, including SaaS, fintech, digital health and “future of work.” Running throughout the firm’s ...
Tags: Startups, TC, Europe, London, Finance, Future Of Work, Tech, Remote Work, B2C, SaaS, Venture Capital, Fintech, B2b, Connect Ventures, Citymapper, Market Analysis

Here's an exclusive look at the pitch deck Wagestream used to raise $25 million while working out of a garden shed

Fast-growing UK fintech startup Wagestream has raised £20 million ($25 million) in a fundraising led by Northzone.  Wagestream lets employees draw down their wages early in exchange for a flat fee. "It's probably not the ideal time to fundraise but we knew we could scale globally so went ahead because we need funds to do that," Wagestream founder and CEO Peter Briffett told Business Insider in an interview. Visit Business Insider's homepage for more stories.  London fintech startup Wagestream...
Tags: UK, London, US, Trends, Spain, NHS, Bill Gates, Jeff Bezos, Northzone, LCIF, Wagestream, Fintech Wagestream, Peter Briffett, Briffett, Northzone Wagestream, Netherlands Wagestream

Northflank announces $2.6M seed to create end-to-end DevOps workflow in cloud

Northflank, a startup from a couple of guys in their 20s, has been working on a full-stack DevOps platform in the cloud since their first year at university in 2016. Today the startup announced a $2.6 million seed investment and the launch of that platform. The round was led by ​Kindred Ventures, ​Stride.VC​ and Amaranthine Partners with support from numerous CTO angel investors, who believe in the company’s vision. Those CTOs like that the company is building a one-stop shop for DevOps in the c...
Tags: Startups, TC, Cloud, London, Developer, Funding, Tech, Paris, Devops, Zurich, Cto, Gitlab, Stewart, Developer Platforms, BRIX, Cloud Native

UK’s Royal Mail has a new ‘green’ delivery van — but it’s really an ‘electric’ London taxi

What’s the difference between taxi drivers and mail delivery people? According to the UK’s Royal Mail service, not a lot it would seem. The United Kingdom’s Royal Mail is set to trial an electric delivery vehicle based on the London Electric Vehicle Company‘s (LEVC) electric black cabs. In an announcement made earlier today, the postal service said that it will test one of the vehicles in urban locations including: Birmingham, Derby, Leeds, Edinburgh, and Bristol. Hockley, in the Birmingham subu...
Tags: Startups, Electric Vehicle, UK, London, Cars, United Kingdom, Royal Mail, Birmingham, Shift, LEVC, London Electric Vehicle Company, Birmingham Derby Leeds Edinburgh, Bristol Hockley

OnlyFans could face a bill for three years' worth of unpaid taxes in the UK, reports say

OnlyFans could be hit with a bill for three years' worth of unpaid taxes, according to reports.  The content subscription platform has exploded in popularity under lockdown, with a reported 75% surge in signups under lockdown. It's become popular as a place for porn creators to cater directly to fans. The firm has started charging VAT on top of fans' monthly subscriptions, according to Sky News, with the company claiming the change is down to a new "interpretation" of the law.  The UK's tax au...
Tags: UK, London, Trends, Eu, Hmrc, Sky, Sky News, Zelda

Pompeo tells Fox News the US is 'certainly looking into' banning TikTok over privacy concerns

Secretary of State Mike Pompeo said on Monday that the US is considering banning TikTok over concerns of Chinese surveillance.  Speaking to Fox News host Laura Ingraham, Pompeo warned that Americans should be wary of downloading the popular app unless they wanted their private data "in the hands of the Chinese Communist Party." TikTok is owned by Chinese company ByteDance, though it maintains that it is an international company that operates independently from the Chinese government.  India ba...
Tags: London, Australia, India, US, Trends, United States, Fox News, Huawei, Trump, State, Pompeo, Mike Pompeo, Ministry of Electronics and Information Technology, Bytedance, Tiktok, ByteDance ByteDance

TikTok says it is ceasing operations in Hong Kong 'in light of recent events'

Viral video app TikTok says that it is ceasing operations in Hong Kong. "In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong," a TikTok spokesperson told Business Insider.  China last week unilaterally passed a new national security law for Hong Kong, a move that experts say further erodes the city's waning freedoms. The new law has already been used to arrest at least ten pro-democracy protesters. TikTok, one of the most downloaded phone apps in the worl...
Tags: Hong Kong, London, China, India, US, Trends, Business Insider, State, Mike Pompeo, Business Insider China, Tiktok, ByteDance ByteDance, ByteDance Visit Business Insider

Cass: Famous business school in name-change over slavery

London's Cass Business School will change its name over its links with a 17th Century proponent of slavery.
Tags: Business, London, Cass Business School

Boris Johnson's own party is threatening to scupper his government if he doesn't quickly remove Huawei from UK 5G

Conservative MPs are stepping up their campaign to eliminate Huawei from the UK's 5g network. Boris Johnson is expected to announce plans to phase out the Chinese telecoms firm by 2029. However, a sizeable group of MPs in Johnson's Conservative party want Huawei removed by 2023. Those MPs are reportedly threatening to launch a sustained campaign of rebellion in Parliament. The ex-head of the MI6 on Monday said that the UK should exclude Huawei from its infrastructure. US sanctions on the Huawe...
Tags: UK, London, White House, China, US, Trends, Conservative, Britain, House Of Commons, Boris Johnson, Iain Duncan Smith, Parliament, Johnson, Huawei, Financial Times, Trump

Elon Musk's ex-wife Talulah Riley issued a statement denying she was procured for Musk as a 'child bride' by Ghislaine Maxwell

Actress Talulah Riley published a statement on Saturday denying rumors that she was procured as a "child bride" for her ex-husband Elon Musk by Ghislaine Maxwell, the woman accused of trafficking underage girls for Jeffrey Epstein. Maxwell was arrested by the FBI on Thursday, and social media users began re-circulating a photo on Twitter of Musk standing next to Maxwell at a Vanity Fair party in 2014. Riley said she had seen rumors on Twitter that her relationship with Musk was set up by Maxwe...
Tags: Spacex, Elon Musk, London, California, Trends, Tesla, Fbi, Maxwell, Manhattan, Vanity Fair, Musk, Don, Riley, Jeffrey Epstein, Epstein, Ghislaine Maxwell

Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say

Uber is set to acquire food delivery startup Postmates in a $2.6 billion all-stock deal, both The New York Times and Bloomberg reported on Sunday. Postmates was co-founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011 and has grown to include a fleet of over 500,000 members and 600,000 merchants across 50 states.  Last month, Uber lost out to European food delivery service Just Eat Takeaway in a deal to buy US-based Grubhub for $7.3 billion. According to CNBC, Uber may have pulled ou...
Tags: London, US, Trends, Bloomberg, New York Times, The Times, Times, Ubereats, GrubHub, Pierre Dimitri Gore Coty, CNBC Uber, Bloomberg Postmates, Second Measure Postmates, Bastian Lehmann Sam Street, Sean Plaice, The Times Uber

Asia stocks rise as investors look ahead to week's data

BEIJING — Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery.Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced.Markets followed Wall Street higher last week after unexpectedly strong U.S. jobs data despite some American states reporting record new coronavirus infections. U.S. markets were closed Friday for a holiday.“The battle between the Covid-19 drag and improving economic conditions continues,”...
Tags: Asia, Hong Kong, Business, London, News, Australia, California, Singapore, Reserve Bank of Australia, Beijing, Malaysia, Sydney, Tokyo, Nasdaq, Seoul, Jakarta

This VC's tech startups are soaring in the downturn – here are five new companies he thinks will pop and three trends he says will emerge from quarantine

Jai Das of Sapphire Ventures has watched Netskope, Auth0, Box, and Square flourish while other companies have failed.  Das says an economic downturn "accelerates what happens with startups," and the good ones will address current problems.  Das lists Uptycs, Splashtop, and Hopin as promising companies that could find great success in the current climate.  Trends to emerge from this year could include remote performance management, identity authorization, and hybrid conferences that are both on...
Tags: London, Boston, Tel Aviv, Trends, Cisco, Ibm, Silicon Valley, Sapphire, Accel, Sapphire Ventures, Das, Jai Das, Splashtop, Hopin, Netflix Google Amazon Web Services Facebook, IVP Salesforce Ventures

This VC's tech startups are soaring in the downturn – here are five new companies he think will pop and three trends he says will emerge from quarantine

Jai Das of Sapphire Ventures has watched Netskope, Auth0, Box, and Square flourish while other companies have failed.  Das says an economic downturn "accelerates what happens with startups," and the good ones will address current problems.  Das lists Uptycs, Splashtop, and Hopin as promising companies that could find great success in the current climate.  Trends to emerge from this year could include remote performance management, identity authorization, and hybrid conferences that are both on...
Tags: London, Boston, Tel Aviv, Trends, Cisco, Ibm, Silicon Valley, Sapphire, Accel, Sapphire Ventures, Das, Jai Das, Splashtop, Hopin, Netflix Google Amazon Web Services Facebook, IVP Salesforce Ventures

Elon Musk denies Jeffrey Epstein toured SpaceX facilities

Elon Musk on Saturday denied that the late convicted sex offender and multimillionaire Jeffrey Epstein was given a tour of a SpaceX facility.  A photo showed Musk with Ghislaine Maxwell, Epstein's alleged co-conspirator who was arrested on Thursday, raising questions about his relationship to Musk.  In a statement to Vanity Fair last year, Musk distanced himself from Epstein, who he said was "obviously a creep."   Visit Business Insider's homepage for more stories. Elon Musk refuted rumors S...
Tags: Facebook, Mark Zuckerberg, Spacex, Elon Musk, London, Trends, Tesla, Yale, Bill Clinton, Maxwell, Manhattan, Donald Trump, Vanity Fair, Musk, Business Insider, Elon

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. The first venue, Shelter Hall on Brighton seafront, launches July 5. Visit Business Insider'...
Tags: Amazon, UK, London, Trends, Netflix, Brighton, Deliveroo, Warne, Dan Warne, Warne Warne

Mission impossible? How to shoot a blockbuster in the coronavirus era

With stipulations of mass testing and on-camera distancing from actors, it’s not just the romcom facing a bleak futureThis month, in theory, the latest Jurassic World sequel goes back into production on a London sound stage. And Wednesday – 1 July – was the day that Hollywood studios and TV producers planned to resume production in the United States. In fact, little if any American production has resumed, partly because some of the “tax incentive” states that attract studio productions are curre...
Tags: Business, Hollywood, London, Film, World news, Film Industry, US news, Culture, United States, Caa, Sam Neill, Pinewood

Amid the havoc wreaked by coronavirus, there is another danger we've forgotten | Jonathan Freedland

As Boris Johnson reopens pubs, a no-deal Brexit threatens to rain disaster on a country reeling from the pandemicDo you have the bunting out and the fireworks primed for Independence Day, with 4 July designated as the moment England ends its long national hibernation and flocks to the pub? To the untrained eye, the choice of a Saturday for the great unlocking might seem a tad rash, when, I don’t know, Monday was available to ease people in gradually. That point was put to Boris Johnson on LBC th...
Tags: Europe, Business, Politics, England, London, European Union, Society, UK News, Unemployment, Infectious Diseases, Boris Johnson, LBC, Brexit, Jonathan Freedland, Coronavirus outbreak

INSIGHT-Olympic Casino's asset grab unnerves European junk bond investors

A sleight of hand by the owner of an Estonian gaming company is alarming investors worried that tactics used by private equity firms in the United States to shift assets away from creditors are coming to Europe. Olympic Entertainment, owned by private equity firm Novalpina Capital, told bondholders on June 18 it had moved some assets - all its online operations and a Lithuanian business - into an entity not bound by its credit agreements, according to an email seen by Reuters. The company, whi...
Tags: Business, London, News, United States, Reuters, Novalpina, Europe Olympic Entertainment, Novalpina Capital

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