The ministry of finance on April 16 notified Foreign Direct Investment (FDI) in the Space sector under the Foreign Exchange Management Rules which will now enable Indian space startups working on capital-intensive space products to now access a global pool of capital.The cabinet on February 21 had allowed 74% foreign direct investment (FDI) under automatic route for satellite manufacturing, upto 49% under automatic route for launch vehicles, and upto 100% under automatic route for manufacturing...
As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
ALBUQUERQUE, N.M. (KRQE) – The latest federal report on drug use and health in New Mexico and other states shows residents in the Land of Enchantment have a particular penchant for hallucinogens. The data comes from 2021 to 2022 national surveys on drug use compiled by the Substance Abuse and Mental Health Services Administration. The report compares []
Investment group Seraphim Space has announced the first close of its second early-stage space tech venture fund. The Seraphim Space Venture Fund II (SSV II) will back early-stage space tech startups from seed to Series A round. A Seraphim spokesperson declined to comment on the target size of the fund, but said it would be […]
Global military expenditure saw its steepest increase in over a decade in 2023, reaching an all-time high of $2.4 trillion as wars and rising tensions fuelled spending across the world, researchers said Monday. Military spending rose across the globe with particularly large increases in Europe, the Middle East and Asia,
Cyber attackers battered Poland after the country's change of government late last year. DDoS attacks at the end of 2023 were nearly quadruple the country’s average, according to cybersecurity firm NetScout's observations. The surge began when the Law and Justice party (PiS) lost its majority in last year's Polish general election. PiS had ruled the country since 2015. It was replaced by a coalition government, which reaffirmed support for Ukraine's defence against Russia's invasion. ...
Social media giant Meta reported a surge in profit with the Facebook and Instagram parent seeing its first-quarter profit more than double, boosted by higher advertising revenue and a 6% increase in the average price of ads on its platforms, to touch $12.37 billion from $5.71 billion during the same period last year.Revenue, too, rose 27% to $36.46 billion from $28.65 billion. However, despite beating analyst estimates the stock slumped over 15% in extended trade after the company forecasted...
High winds, rains, winter storms and tropical cyclones accounted for 80% of power interruptions over the last 20 yearsPower outages in the US are rising, as climate-related extreme weather strain an already burdened energy grid.Over the last decade, severe storm outages increased by 74% compared with the previous 10 years. Continue reading
The school was placed on an interior lockdown while the campus was searched.
Santo Domingo – The Government of the Dominican Republic considered “aggressive” and “unfounded” the report of the U.S. State Department, in which it accuses the DR of violating human rights in the deportation of Haitians. The following is the full statement released on Monday: This afternoon, the Government of the Dominican Republic has taken cognizance of our country’s extensive Report on Human Rights issued by the U.S. Department of State. We are studying the report and will respond in due...
The report is written by Josh Cockroft, Delphine Lievens and Chi Thai, and supported by a Sir Lenny Henry Centre for Media Diversity Industry Fellowship grant.