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Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
Over the past two decades, China has built large infrastructure projects in almost every country in Africa, making Western powers uncomfortable amid wider concerns about Beijing’s investments across the continent. However, a deeper look shows that accusations of so-called debt trap diplomacy turn out to be unfounded.
Inside the Hijacking of a $100 Million Supertanker
Windfall Tax on UK Oil and Gas Producers to Top £28 Billion
US Earnings to Watch: Nike, Bed Bath & Beyond, Micron, Vail Resorts
UK Is Still Deciding Who Will Access Huge Energy Liquidity Pot
Revlon Lenders That Lost $500 Million Citi Fight Seek Rehearing
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
Aaron Judge Could Make History Tonight. You’ll Need Apple TV+ to Watch.
A Startup Has Put Electrodes in a Patient’s Skull to Treat Depression
Estonian Premier Warns of Blackouts if Russia Cuts Grid Access
Germany Steps Up Preparations for Emergency Gas Rationing
What The UK’s Radical Budget Means For Taxes, Real Estate and Stocks
SPAC Deal Makes CEO of Conservative Video Platform a Billionaire
Roger Federer Bids Farewell in Last Match Before Retirement
Early Streisand Nightclub Recording Remastered for Release
CEOs Can’t Fix Our Biggest Problem With RTO: Commuting
Migrant Relocation Stunts Highlight a Broad Policy Failure
Manchin’s Drilling Bill Offers Climate Win: Elements by Liam Denning
US Is Inflating Its Debt Away After Unprecedented Spending Binge
Columbia Business School Reimagines Its Future With a New Campus
Why Wall Street Can’t Ignore Walmart
Cambridge University ‘Benefited Directly’ From Slavery, Study Finds
Ringleader in Brutal Attack on Chinese Women Jailed for 24 Years
Fiona Roars Toward Canada; New Caribbean Storm Threatens Florida
Joe Biden’s Climate Bill Has the US Battery Industry Revved Up
The Building Game That Doesn’t Let You Build
LA Looks to Beat New York Back to Pre-Pandemic Transit Ridership
The Next Step on Climate Action: Parking Reform
Assessing China’s Crypto Ban One Year Later
Ethereum Centralization Debate Rages on After Much-Hyped Upgrade
Shareholders in Bankrupt Crypto Lender Celsius Seek ‘Fiduciary’
Coming off the heels of New York Fashion Week, US designer Rebecca Minkoff has been stepping up her efforts to give back to the startup community. On Sept. 21, her Female Founder Collective (FFC), in partnership with Webex by Cisco, hosted “The Pitch,” a live-streamed event in which six eager entrepreneurs competed for a $20,000 grant to kickstart their business.
As in an episode of Shark Tank, the founders were given a set amount of time to pitch their company to the judging panel, which included Minkoff; Erica Duignan Minnihan, a partner with Reign Ventures; and Aruna Ravichandran, chief marketing officer of Webex by Cisco and sponsor of the $20,000 grant. About 160 people tuned in to the virtual event, cheering on the women in chat as they talked about the problems they were solving, the size of their total addressable markets, and what differentiates them from the competition.