EU Parliament Votes to Ban Single-Use Plastics, Including Plates, Cutlery, and Straws

The European Union Parliament has voted to ban single-use plastics. Parliament, the EU’s legislative body comprised of 751 elected members (MEPs), voted 571-53 in favor of the bill. Banned items will include plastic plates, cutlery, and straws, and the proposal also calls for a reduction in the use of other single-use food and beverage containers ...

CNN’s Jeff Zucker Blasts Trump’s Repeated Attacks on Media and Journalists After Potential Bomb at Network

Hours after CNN staff evacuated from the Time Warner Center in Manhattan due to the discovery of a suspicious package believed to be a bomb, CNN World President Jeff Zucker issued a scathing statement criticizing President Donald Trump for his attacks on media organizations. In a statement distributed by CNN’s communications arm, Zucker said, ...

Tesla’s Stock Soars 15% After Blowout Earnings as Model 3 Deliveries Rise

Tesla’s stock surged as much as 15% Wednesday, after posting earnings in the third quarter that blew away Wall Street’s profit forecasts as the company began selling the enough of its new Model 3 cars to push the company well into the black. Where the consensus of analysts called for a loss of 3 cents a share, Tesla posted a profit of $2.90 a ...

John Brennan on Pipe Bomb: Donald Trump Incites ‘Anger, If Not Violence’

Former CIA director John Brennan, the target of a potential bomb sent to CNN on Oct. 24, pinned blame on President Donald Trump in an interview just hours after the incendiary device was discovered. “Unfortunately I think Donald Trump, too often, has helped to incite some of these feelings of anger, if not violence.” CNN’s headquarters was ...

Tech Stocks Lifted the Market This Year. Now They May Be Leading It Into a Correction

It’s official. The Nasdaq Composite, a stock index heavily weighted toward big-name tech companies, is in a correction. That’s because some of the biggest names in tech are getting hit especially hard this month. The Nadsaq fell 4.4% Wednesday as some tech companies warned about slowing demand. The drop was more severe that those in the Dow Jones ...

Exxon Mobil Sued by New York State for Deceiving Stockholders on Future Costs of Greenhouse Gas and Carbon Rules

New York’s attorney general, Barbara Underwood, has sued Exxon Mobil for allegedly misleading investors about how the company managed risk related to the ever-increasing costs and restrictions of climate change regulations. While it may sound like an accounting blip, the suit states that Exxon is undercounting costs by many billions of dollars ...

Video interviewing startup Droque wins Seedstars Lagos

AI-based video interviewing startup Dropque has been named the winner of the Nigerian leg of the Seedstars competition, booking a place in the global final for the chance to pitch for up to US$1 million in equity investment. Global early-stage startups competition Seedstars has already picked African winners in Egypt , Tunisia , Zimbabwe , ...

New initiative to encourage fintech, MFI cooperation

FINCA International and USAID PACE have launched FINCA Forward, a fintech innovation platform aimed at bringing early-stage fintechs and microfinance institutions (MFIs) together to accelerate financial inclusion and market-based development. The two-year pilot of FINCA Forward will be managed by microfinance organisation FINCA International and ...

SA’s GreenFingers Mobile launches SaaS platform for digital farmer management

Cape Town-based agri-tech startup GreenFingers Mobile (GFM) is launching an enhanced version of its farmer management system this week. GFM replaces traditional pen and paper systems with a digital tool, and brings large markets to smallholder and emerging farmers. Its new system is a full Software-as-a-Service (SaaS) platform with increased ...

AfDB invests $8m in Partech Africa Fund as it approaches target

The African Development Bank (AfDB) has approved a EUR7 million (US$8 million) equity investment in the Partech Africa Fund, which is designed to support innovative growth-stage tech startups with high growth potential. Partech Ventures , which was founded in 1982 in Silicon Valley and now has a team spread across offices in Paris, Berlin, San ...
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