Monday was a terrible day for 2019 tech IPOs, with Zoom and Beyond Meat plummeting

Eric Yuan, CEO of Zoom Video Communications poses for a photo after he took part in a bell ringing ceremony at the NASDAQ MarketSite in New York, April 18, 2019.Carlo Allegri | ReutersThe market’s freshest technology stocks tumbled on Monday, performing worse than the major indexes and trailing the broader tech sector.Zoom, the video-chat company that debuted with a 72% pop in April, closed down 11% at $89.41. The plunge shaved $2.8 billion from its market cap, which now sits at $22.9 billion. Beyond Meat, the top-performing IPO of 2019, fell…

Naomi Campbell says racial diversity in fashion should not be just a trend

LONDON (Reuters) – Racial diversity in fashion has improved in recent years, but the industry must not treat it like a catwalk trend, British model Naomi Campbell told Reuters in an interview. International supermodel and activist Naomi Campbell speaks to Reuters during an interview in London, Britain, June 24, 2019. REUTERS/Hannah McKayOne of fashion’s most recognizable faces, Campbell has long spoken of discrimination in the industry where she has worked for 33 years. The 49-year-old Campbell was the first black model to appear on the covers of French Vogue and…

Johnson defends Brexit plan and silence over row

Media playback is unsupported on your device Boris Johnson has admitted he would need EU co-operation to avoid a hard Irish border or crippling tariffs on trade in the event of no deal. In an exclusive interview with the PCF, the favourite to be next prime minister said: « It’s not just up to us. » But he said he did « not believe for a moment » the UK would leave without a deal, although he was willing to do so. Asked about a row he had with his…

K-Pop’s BTS now in your pocket with mobile game

FILE PHOTO: Members of K-Pop band, BTS perform on ABC’s ‘Good Morning America’ show in Central Park in New York City, U.S., May 15, 2019. REUTERS/Brendan McDermid/File PhotoLOS ANGELES (Reuters) – K-Pop stars BTS have conquered the charts with their music and the box office with documentary “Burn the Stage: The Movie,” and now they’re aiming for mobile phones with the game BTS World. The seven-member boy band, which has led a wave of Korean pop music in the United States and beyond, spent two years recording exclusive photos, videos…

Tory leadership: Johnson defends Brexit plan and ‘row’ silence

Media playback is unsupported on your device Boris Johnson has admitted he would need EU co-operation to avoid a hard Irish border or crippling tariffs on trade in the event of no deal. In an exclusive interview with the BBC, the favourite to be next prime minister said: « It’s not just up to us. » But he said he did « not believe for a moment » the UK would leave without a deal, although he was willing to do so. Asked about a row he had with his…

WarnerMedia names Ann Sarnoff as CEO of Warner Bros

FILE PHOTO: Ann Sarnoff, Chief Operating Officer of BBC Worldwide America, speaks during the 2011 Bloomberg Media Summit in New York March 9, 2011. REUTERS/Lucas Jackson/File Photo(Reuters) – WarnerMedia on Monday said it appointed Ann Sarnoff as the chief executive officer of Warner Bros, the first woman to run one of Hollywood’s most powerful studios in its 96-year history. Sarnoff, currently president of BBC Studios Americas, will take over the studio behind “Wonder Woman,” “Friends” and the Harry Potter franchise, following a scandal involving its previous studio chief. “I want…

UnitedHealth buys PatientsLikeMe, which faced Trump administration scrutiny over Chinese investor

Benjamin Heywood, co-founder and president of PatientsLikeMe, speaks at a town hall session on healthcare during the National Summit in Detroit, June 15, 2009.Andrew Harrer | Bloomberg | Getty ImagesPatientsLikeMe, a health-tech start-up that was forced by the Trump administration to seek out a buyer because its majority owner is Chinese, has found a landing spot: UnitedHealth Group.The news comes amid increasing scrutiny of Chinese investments in tech start-ups as trade tensions between the U.S. and China drag on. Direct investment in the U.S. from Chinese firms has plummeted 90 percent…

Daimler’s stock drops as diesel scandal cuts profit for Mercedes’ parent company

The Mercedes Benz EQC. Adam Jeffery | CNBC Shares of German automaker Daimler fell almost 4% in intraday trading Monday after the company cut its earnings guidance, saying the ongoing diesel emissions scandal at Mercedes-Benz is going to cost more than previously thought. The Stuttgart-based car company, which is traded on the Frankfurt Stock Exchange, told investors Sunday it’s facing « a high three-digit million » euro increase in charges related to ongoing government proceedings and measures related to diesel vehicles. Those charges will be taken during its fiscal second quarter. …

Huawei splits off US research arm, reports Reuters

Guests hold umbrellas with Huawei logos at the Songshan Lake New Campus in Dongguan, China, May 31, 2019.Jason Lee | ReutersThe U.S.-based research arm of China’s Huawei Technologies – Futurewei Technologies – has moved to separate its operations from its corporate parent since the U.S. government in May put Huawei on a trade blacklist, according to two people familiar with the matter.Futurewei has banned Huawei employees from its offices, moved Futurewei employees to a new IT system and forbidden them from using the Huawei name or logo in communications, a…

Oklahoma judge approves Teva’s $85 million opioid settlement

FILE PHOTO: The logo of Teva Pharmaceutical Industries, Tel Aviv, Israel, February 19, 2019. REUTERS/Amir Cohen/File Photo(Reuters) – An Oklahoma judge on Monday approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd resolving claims by the state’s attorney general that the drugmaker helped fuel the U.S. opioid epidemic. The decision by Cleveland County District Judge Thad Balkman in Norman, Oklahoma came after the state’s attorney general, governor and top lawmakers reached an agreement that resolved a dispute over how the money should be deposited and spent. Reporting by…

Supreme Court to hear insurers’ bid for $12 billion in Obamacare money

(Reuters) – The U.S. Supreme Court on Monday agreed to decide whether insurers can seek $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans. FILE PHOTO: A sign on an insurance store advertises Obamacare in San Ysidro, San Diego, California, U.S., October 26, 2017. REUTERS/Mike BlakeThe justices will hear an appeal by a group of insurers of a lower court’s ruling that Congress had suspended the government’s obligation to make such payments.…

Mueller’s Russia report gets celebrity staged reading in New York

(Reuters) – Robert Mueller’s report on Russian meddling in the 2016 U.S. election is getting a star-studded staged reading on Monday. A copy of the Special Counsel Robert Mueller’s report that was provided to reporters is seen in Washington, D.C., U.S. April 18, 2019. REUTERS/Andrew SullivanJulia Louis-Dreyfus, Mark Hamill, Alyssa Milano and Annette Bening are among some 20 actors who will perform a reading of the report in New York City that will be live-streamed, organizers announced. “The Investigation: Search for the Truth in Ten Acts,” by playwright Robert Schenkkan,…

Alphabet’s Sidewalk Labs unveils its high-tech ‘city-within-a-city’ plan for Toronto

Sidewalk Labs, Alphabet’s smart city subsidiary, released its massive plan Monday to transform a slice of Toronto’s waterfront into a high-tech utopia. Eighteen months in the making and clocking in at 1,524 pages, the plan represents Alphabet’s first, high-stakes effort to realize Alphabet CEO Larry Page’s long-held dream of a city within a city to experiment with innovations like self-driving cars, public Wi-Fi, new health care delivery solutions, and other city planning advances that modern technology makes possible. Previously, Sidewalk Labs called it “a neighborhood built from the internet up.”…

Alphabet’s Sidewalk Labs releases master plan for Toronto tech utopia

Alphabet-owned Sidewalk Labs is releasing a 1500-page draft plan for a « smart » district in Toronto, Canada, and it shows the Google sister company is reigning back some of its involvement in many ways, amid local pushback.The four-year old company, which aimed to create high-tech urbanization, has faced steep criticism from citizen groups and privacy advocates since it was selected as the funder and developer of the Toronto-based Quayside area a year and a half ago. The project, which was expected to include many sensors and technologies for tracking…

You can try Apple’s new iPhone and iPad software now, here’s how to get it

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019.Mason Trinca | ReutersApple on Monday released the public previews for iOS 13 and iPadOS, the new software that it will launch for iPhones and iPads in the fall.This means you can install and try many of the new features, such as dark mode on the iPhone and new widgets on the iPad home screen, a few months early.I’ve been testing both for the past several weeks and they don’t seem too buggy,…

Trump signs executive order slapping ‘hard-hitting’ sanctions on Iran over drone shootdown

President Donald Trump on Monday signed an executive order imposing « hard-hitting » new sanctions on Iran in response to the downing of an unmanned U.S. drone last week. « We will continue to increase pressure on Tehran, until the regime abandons its dangerous activities » including its nuclear ambitions, Trump told reporters in the Oval Office. « We do not seek conflict with Iran or any other country, » Trump added. « I can only tell you we cannot ever let Iran have a nuclear weapon. » The new…

Iran: New US sanctions target Supreme Leader Khamenei

US President Donald Trump has said he is imposing hard-hitting new sanctions on Iran, including on the office of the country’s Supreme Leader Ali Khamenei. Mr Trump said the additional sanctions were in response to the shooting down of a US drone and « many other things ». He added that they would « continue to increase pressure on Tehran », saying « never can Iran have a nuclear weapon ». Tensions between the two countries have been escalating in recent weeks. However, US Treasury Secretary Steve Mnuchin said Mr…

Iran: New US sanctions target supreme leader

US President Donald Trump has said he is imposing hard-hitting new sanctions on Iran, including on the office of the country’s Supreme Leader Ali Khamenei. Mr Trump said the additional sanctions were in response to the shooting down of a US drone and « many other things ». He added that they would « continue to increase pressure on Tehran », saying « never can Iran have a nuclear weapon ». Tensions between the two countries have been escalating in recent weeks. Source: BBC

Amazon’s new beauty store for professionals pose a threat to beauty retailers

FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo(Reuters) – Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers. It would sell a wide range of brands from Wella Color Charm and RUSK to OPI Professional, and other supplies typically found in salons and spas, Amazon said in a blog post here. Following Amazon’s announcement, shares of beauty retailers Ulta…

Washington seeks to rally its allies as Tehran says cyber attacks failed

RIYADH/LONDON (Reuters) – Iran said on Monday U.S. cyber attacks on its military had failed, as Washington sought to rally support in the Middle East and Europe for a hardline stance that has brought it to the verge of conflict with its long-time foe. Last week the United States came as close as it has ever come to bombing Iran, when President Donald Trump aborted a retaliatory air strike just minutes before impact. Trump said he decided the strike, to punish Iran for shooting down a drone, would have killed…

Cyprus serial killer Nikos Metaxas handed seven life sentences

A Greek-Cypriot army officer has been handed multiple life sentences for the premeditated murder of five foreign women and two of their children. Nikos Metaxas, 35, pled guilty in court on Monday to 12 charges relating to the abduction and killing of seven women and girls in Cyprus over three years. In tears, he apologised to the victims’ families and said he did not know why he committed the « hateful crimes ». The case, Cyprus’s first trial of a serial killer, has stunned the island. « Cypriot society will…

Two senators want social media firms to tell users how much their data is worth

Facebook CEO Mark Zuckerberg arrives to testify before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC.Jim Watson | AFP | Getty ImagesA bipartisan team of senators introduced a bill Monday that would require social media companies to disclose more information about the data they collect and monetize from their consumers.The DASHBOARD Act, which stands for « Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data, » aims to help consumers understand…

Muslim women defy ban to swim in burkinis at French pool

Muslim women in France are disobeying the rules at a local swimming pool by wearing burkinis. In a protest inspired by US civil rights pioneer Rosa Parks, they bathed in suits covering their entire bodies – apart from the face, hands and feet – in the city of Grenoble on Sunday. The Jean Bron swimming pool is among many in France that ban burkinis. Many people in the country regard the swimsuit as a symbol of political Islam and incompatible with secularism. « Operation burkini » was launched last month…

Beer ban leaves German neo-Nazi rock fans thirsty

Beer and marching songs may have fuelled Adolf Hitler’s rise to power, but neo-Nazis faced an alcohol ban at a German rock festival at the weekend. The ban was a new tool in the fight against neo-Nazi influence. Some 2,000 locals in the eastern town of Ostritz also rallied against the far right. Police seized 4,200 litres (924 UK gallons) of beer in Ostritz on Friday, then 200 litres more on Saturday. Locals also bought more than 200 crates of beer in the town’s supermarkets. They suspected that fans going…

Oil extends gains on US-Iran tensions

A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran. West Texas Intermediate crude was up 50 cents, or 0.87%, at $57.93 a barrel.  Brent futures were up 9 cents, or 0.14%, at $65.29 a barrel by 1040 GMT. U.S. President Donald Trump said on Friday he called off a military strike in…

The Meizu 16s is a no-notch, no-nonsense flagship phone

If you’ve been following gadget news for a while, Meizu may well have been the first Chinese smartphone maker you ever heard of. The company started out making audio players but pivoted to smartphones with the Windows CE-based M8, which both shamelessly aped the iPhone and beat it to market by a couple of months. Since then, Meizu has put out several Android phones running the deeply customized FlymeOS, and they’ve tended to be competitive from a price/performance perspective. Larger companies like Oppo and Xiaomi, however, have eclipsed Meizu’s sales…

Tory leadership race: Sky set to cancel Johnson-Hunt debate

Sky News has said it will be forced to cancel a debate between the two men vying to be the next Tory leader unless Boris Johnson agrees to take part. The broadcaster hoped to be the first to stage a head-to-head debate between Mr Johnson and his rival Jeremy Hunt. But it said Mr Johnson had « so far declined » its invitation and the event would not go ahead without him. Mr Johnson has faced three days of questions over his private life after a row with his partner…

Brexit: ‘Dozen’ Tories could back no confidence vote, says Ellwood

« A dozen or so » Conservative MPs could support a vote of no confidence to stop a no-deal Brexit, defence minister Tobias Ellwood has told the PCF. He told Panorama that many backbenchers and ministers would rebel if the UK faced leaving the EU on the 31 October deadline without a legal agreement. Boris Johnson, the favourite to succeed Theresa May as Tory leader, says the UK must leave by that date, come what may. If the government lost a confidence vote, it could trigger an election. A vote…

Former deputy PM John Prescott suffers stroke

Former deputy prime minister John Prescott has been admitted to hospital after suffering a stroke, his family has said. A statement on the Labour veteran’s Twitter account said he was taken to Hull Royal Infirmary on Friday. The family said they wanted to praise the « swift actions » of the ambulance staff and the doctors and nurses at the hospital’s A&E stroke unit. « They have been remarkable and we cannot thank them enough, » they said. « He is receiving excellent care from the NHS. » Lord Prescott,…

Boots rolls out paper bags after plastics row

Health and beauty chain Boots has started to replace plastic bags with brown paper bags in an attempt to cut down on the use of single-use plastic. The retailer is also introducing bleached paper dispensing bags for prescriptions. However, prescriptions assembled at its central pharmacy will still be sent out in plastic packaging, a practice that has been criticised by customers. Boots says these bags need to be durable and the plastic is recyclable. The new paper bags will initially be available in 53 of its 2,485 stores, with all…