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Venezuela raises minimum wage in fourth year of hyperinflation

Please try another search Economy14 hours ago (May 01, 2021 06:00PM ET) © Reuters. FILE PHOTO: A man counts Venezuelan bolivar notes in downtown Caracas CARACAS (Reuters) – The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at…

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Japan raises

Japan raises emissions cut target to 46% by 2030

TOKYO (AP) — Japan’s prime minister announced on Thursday an ambitious new target for cutting greenhouse gas emissions, hours before he was to join a virtual climate summit hosted by U.S. President Joe Biden.Prime Minister Yoshihide Suga said Japan will strive by 2030 to cut its emissions by 46% from 2013 levels, up from its…

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Philippines Raises 2.1 Billion Euros in Three-Part Bond Sale

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Druva raises

Druva raises $147M at a valuation north of $2B as the cloud rush continues

Druva, a software company that sells cloud data backup services, announced today that it has closed a $147 million round of capital. Caisse de dépôt et placement du Québec (CDPQ), a group that manages Quebec’s pension fund, led the round, which also saw participation from Neuberger Berman. Prior investors including Atreides Management and Viking Global…

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raises UiPath

UiPath raises IPO range, still targets lower valuation than final private round

Robotic process automation unicorn UiPath is set to go public this week, concentrating our focus on its value. The well-known company was last valued on the private markets at $35 billion in February when it closed a $750 million round. Living up to that price as a public company, however, at least when it comes…

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Oxbotica raises

Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network

Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations, is making an investment today into what it believes will be the next chapter of how that business will grow: it is taking a £10 million ($13.8…

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The Weeknd Raises Over $2 Million in First NFT Auction

Key Takeaways The Weeknd has minted his first NFT collection, raising $2.29 million in sales. The collection featured previously unreleased music by The Weeknd. A token featuring a full song sold for $490,000. Despite the criticism surrounding NFTs, the technology could hugely benefit musicians and other creators. Abel Tesfaye just made $2.29 million from his…

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insurance raises

Next Insurance raises $250M, doubling its valuation to $4B in under a year

Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at a valuation of $2 billion. This funding also comes after Next Insurance acquired Juniper Labs in December, and AP Intego more recently. Next sells…

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Eyewear raises

Pair Eyewear raises $12M to bring more personality to your glasses

Pair Eyewear has raised a $12 million Series A to help glasses-wearing kids and adults turn those glasses into what co-CEO Sophia Edelstein called “a form of self-expression.” After all, Edelstein (who founded the company with her co-CEO Nathan Kondamuri) noted that “you’re spending a lot of money on [glasses], and then you’re stuck with…

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Enjin raises

Enjin raises $18.9M to launch NFT blockchain on Polkadot

Enjin raised $18.9 million to launch its first dedicated non-fungible token (NFT) blockchain on the Polkadot network. The move will help establish better commerce for NFT-based games and other applications. Enjin, the creator of the ERC-1155 non-fungible token (NFT) standard, sold out its $18.9 million private sale for Efinity, a next-generation NFT blockchain made for…