Author: bibhuti

Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year. Byju’s is facing many “challenges” and Prosus and other backers are working alongside to aid the Bengaluru-headquartered startup’s recovery, Prosus interim chief executive Ervin Tu said on an earnings call Wednesday after the investment giant reported financial results for the six months to September. The write down in Byju’s valuation comes as the Bengaluru-headquartered startup works to restructure operations and cut costs after huge pandemic-era growth left…

Starship enjoy access to a fundraising toolkit necessary for getting investments from venture capital firms and other supporters. Starship, a community-based platform for builders to raise funds, has just launched. In addition to helping with fundraising, Starship will also function as a platform that helps builders with other professional needs. Some of these needs may include consulting and exclusive exposure to other much-needed tools. According to an official publication, the platform is a part of the Ninety Eight ecosystem – a Vietnam-based Web3 coalition formerly known as Coin98 Finance. Starship is a launchpad that caters to the specific needs of builders…

[CAIRO] Substantial financial pledges will be needed to jump-start the loss and damage fund for climate-vulnerable countries at the UN’s upcoming global climate talks, analysts tell SciDev.Net. The fund is expected to be set into operation during the talks, known officially as the Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) – COP28 for short – which will begin in Dubai this week (Thursday). At last year’s COP27 climate summit in Egypt, wealthy nations agreed to establish a fund to help less-developed countries recover from climate-related disasters such as droughts and floods – a…

Children from across the region were given an early Christmas present from the wish-granting charity Rays of Sunshine, which invited them to the rink in front of Brighton’s Royal Pavilion. It was an opportunity for children who would not normally be able to go ice skating because of their ventilators and other medical needs. It even allowed those who needed to use their specialist chairs on the ice. Children young and old had a great time on the ice (Image: Andrew Gardner / The Argus) Thirteen-year-old Micah Becker Goodman suffers from a serious respiratory condition which means he has to be…

Location : The A46 northbound between the junctions with the A1434 and the A57 . Reason : Congestion. Status : Currently Active. Return To Normal : Normal traffic conditions are expected between 07:45 and 08:00 on 29 November 2023. Delay : There are currently delays of 10 minutes against expected traffic. Source link

Image Credit: Matt Baron/BEI/Shutterstock Kim Kardashian, 43, is making her mark in the acting world! Not only is she currently co-staring in American Horror Story‘s 12th season, she’s now also co-producing her own movie. The news was first revealed by Deadline on November 19, 2023, as the outlet confirmed that Kim is set to star and co-produce the “female-driven comedy” alongside comedian Paula Pell, 60. In addition to Paula and The Kardashians star working on The 5th Wheel together, the 60-year-old’s spouse, Janine Brito, will also reportedly co-write the script with Paula, per Deadline. Initially, a handful of studios battled it out to become…

The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing and digital inventory platforms that have spread footprints across medical, aviation, automotive and jewelry industries. Unlike these industries, which have embraced additive manufacturing and 3D printing for over a decade, the energy sector only began adopting it not too long ago, and one of the startups at the forefront of this innovation is MENA-based Immensa.  Founded by Fahmi Al Shawwa, the Dubai-founded startup commenced operations in 2016, focusing on…

Startups must collaborate with stakeholders from other sectors to develop, deploy, and scale climate mitigation and adaptation solutions. At COP21 in 2015, the world agreed to limit global warming to 1.5°C by 2050. To achieve this, the current science tells us that carbon and greenhouse gas (GHG) emissions must be halved by 2030. However, as the results of a recent UN report show, we are off-track, and fears are mounting that the window of opportunity for climate action is closing rapidly. We are already witnessing the impacts of unchecked climate change with worsening heatwaves, floods, wildfires, and storms compounded by…

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance.A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”Binance entered a multi-year partnership with Ronaldo in mid-2022 to promote a series of his own nonfungible tokens (NFT), of which he has at least three collections tied to Binance.The complaint claims users who signed up for Ronaldo’s NFTs were more likely to use Binance for…

Credit: CC0 Public Domain Debunking, “prebunking,” nudging and teaching digital literacy are several of the more effective ways to counter misinformation, according to a new report from the American Psychological Association. Written by a panel of U.S. and international experts on the psychology of misinformation, the report outlines the processes that make people susceptible to misinformation and offers solutions to combat it. People are more likely to believe misinformation if it comes from groups they belong to or if they judge the source as credible, according to the report titled “Using Psychological Science to Understand and Fight Health Misinformation: An…