Startup accelerator Techstars is raising $150 million for its new fund, SEC filings show. The accelerator is seeking new capital ahead of the end of the deployment period of its third institutionally-backed fund, Techstars Accelerator 2021, later this year. Techstars declined to offer details on how it intends to use or deploy the funding, citing … Read More “Techstars raising $150 million for new accelerator fund” »
China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the challenge, according to the economist who coined the phrase to explain Japan’s descent into stagnation in the 1990s. “China is entering balance-sheet recession,” said Richard Koo, chief economist at the Nomura Research Institute, the research arm of … Read More “Inventor of ‘balance-sheet recession’ says China is now in one” »
This undated photo provided by researchers in June 2023 shows the Arecibo Telescope in Puerto Rico. This and several other telescopes around the world were used to observe the slow gravitational waves — faint ripples made by massive black holes — that are constantly stretching and squeezing everything in the universe ever so slightly, described … Read More “Scientists have finally ‘heard’ the chorus of gravitational waves that ripple through the universe” »
Michiel Timmerman The market for meat alternatives is expanding, creating opportunities for agricultural producers and processors globally and within Africa. In March 2023, Michiel Timmerman founded RIFT Protein, a food technology company specialising in the extraction of plant-based protein. Timmerman, the founder and managing partner of Mbuyu Capital, has an extensive background of investing in … Read More “How Africa can profit from growing demand for plant-based protein” »
In spite of the impact of climate change on the agricultural sector which causes recurrent droughts, and a rise in the costs of energy and food commodities, which ultimately affect livelihoods, food security in Namibia remains a national priority for government, vice president Nangolo Mbumba has said. He made the remarks during the launch of … Read More “Food security in Namibia remains a national priority” »
Pictured: MRI scan of human brain/iStock, Nur Ceren Demir PTC Therapeutics’ investigational drug vatiquinone missed its primary endpoint in the MIT-E trial, failing to decrease observable motor seizure episodes in patients with mitochondrial disease-associated seizures, the company announced Thursday. The news comes more than a month after PTC reported that vatiquinone likewise fell short of … Read More “PTC’s Vatiquinone Fails Second Trial in as Many Months” »
Try as you might, you can’t spell “financial advisor” without F-L-O-R-I-D-A. A new study ranks Florida as the second-most popular state among Americans thinking about relocating based on internet search volume. With 18,530 Google queries, Florida trailed only Texas’ 21,021 searches, reflecting its popularity as a desirable relocation destination, according to a study by SelfStorage.com, … Read More “Why financial advisors can’t live with or without Florida” »
European and US stock futures inched higher Friday while a gauge of global equities headed for a first-half gain of more about 12%, defying rising interest rates and the risk of recessions in major economies. Treasuries steadied after a sharp rise in yields during the previous session and the yen lit up the currency market, … Read More “Stock futures rise before PCE; dollar-yen hits 145: Markets wrap” »
Over the past few months it has rapidly become impossible to visit a news site without seeing stories about Artificial Intelligence (AI). According to these stories AI is reaching a tipping point and is about to revolutionise and change the way we live our lives forever. Africans may already see AI in many aspects of … Read More “Why Africa must have a voice in global talks” »
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