Trump adds tariffs to $550 billion of Chinese imports in trade war reprisal

President Trump announced Friday on Twitter that tariffs on Chinese imports will increase 5 percentage points in a tit-for-tat response to China’s own plans to place new duties on U.S. goods. About $250 billion of goods produced by China and imported into the U.S. already have a 25% tariff. This newest increase will push tariffs […]

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Tastemakers raises $1.4M to sell Africa experiences to the world

New York based startup Tastemakers has raised a $1.4 million seed-round—led Precursor Ventures—for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices, and lists African travel and cultural experiences—from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking a 20% commission on each transaction. Community managers in Africa […]

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African incubator MEST has a new MD and 11 fresh startup investments

Pan-African incubator MEST announced investments in 11 startups from its 2019 cohort that will each receive $100,000 in financing. The $1.1 million backing for a graduating class is the largest to date for the Accra-based organization — which operates as a training program and seed fund for African innovators to build successful commercial tech companies. […]

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MoviePass exposed thousands of unencrypted customer card numbers

Movie ticket subscription service MoviePass has exposed tens of thousands of customer card numbers and personal credit cards because a critical server was not protected with a password. Mossab Hussein, a security researcher at Dubai-based cybersecurity firm SpiderSilk, found an exposed database on one of the company’s many subdomains. The database was massive, containing 161 […]

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An anonymous hentai porn site exposed over a million users’ emails

A popular hentai porn site that promises anonymity to its 1.1 million users left a user database exposed without a password, allowing anyone to identify users by their email addresses. You might not have heard of Luscious.net unless you’re into hentai and manga porn but it’s one of the most popular websites in the U.S., […]

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SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report from the Wall Street Journal. That’s a highly unusual move that could be risky in terms of how much […]

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China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. Wapi Capital is the venture fund of Kenyan fintech startup Wapi Pay—a Nairobi based company that facilitates digital […]

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New $47M fund, Fil Rouge Capital, is ready to boost Croatia’s growing startup scene

Croatia has not exactly been known for a huge startup scene in the past, and probably its most famous tech company out of there in recent years has been Rimac Automobili, the $125.9M-raised startup out of Zagreb which created an electric supercar to rival anything Porsche might make. But the technical talent in the country […]

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Launching out of YC, Blair is aiming to reshape the financing of college tuition

It’s generally agreed that Higher Education in the United States has gradually become more and more unaffordable. Students are dependent on external financial resources for which many of them do not even qualify. Students that are able to secure a loan, often have to take on debts they can’t really afford. And if they don’t […]

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Another day, another reversal in stock fortunes as recession fears grow

U.S. stock markets plummeted today as recession fears continue to grow. Yesterday’s good news about a reprieve on tariffs for U.S. consumer imports was undone by increasing concerns over economic indicators pointing to a potential global recession coming within the next year. Phones, laptops and game consoles get tariff reprieve until December The Dow Jones […]

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