Highlights from the ROKiT launch

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Outside the ROKiT launch eventImage: ROKIT When was the last time a new mobile phone offered you truly jaw-dropping tech? Something more than a sharper camera or bigger screen — something you’d never seen before? You might be able to count backwards and pinpoint the time, years ago, when an innovative new feature gave you […]

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With China tariffs delayed, Beijing faces startup dilemma

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China is facing a challenging juxtaposition in the coming years: can the government remain in control of business and media while also opening up the country to the knowledge economy? China has uplifted more humans in a shorter period of time than any other country in the history of the planet. That mesmerizing growth engine, […]

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Showing the power of startup womens health brands, P&G buys This is L

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The P&G acquisition of This is L., a startup retailer of period products and prophylactics, shows just how profitable investing in women’s healthcare brands and products can be. A person with knowledge of the investment put the price tag at roughly $100 million — a healthy outcome for investors and company founder Talia Frenkel. But just as […]

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Indias Meesho, which enables social commerce via WhatsApp, raises $50M

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Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in […]

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Chicken meatballs and masala boxes: Ikea comes to India

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Hyderabad opening, complete with military band, is Swedish firms first in country of 1.25bn Curious customers lay on beds and nestled into armchairs as Ikea opened its first Indian store, hoping to attract a burgeoning middle class with offerings tweaked to local tastes, including a variation on its famous meatballs. With an opening that featured […]

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Trump Spouse-Visa Shift May Hurt Workers, Push 100,000 From Jobs

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U.S. President Donald Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. The Trump Administration has been tightening the rules for H-1B visas, which allow foreign workers to take jobs […]

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Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

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Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing […]

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How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

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The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities. In 2016, after revelations that hackers had infiltrated the Bangladeshi central bank’s computer systems to spreads and various government agencies move to investigate, one thing stands […]

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The Worlds Highest Paid Expats Live in This Place

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Go East, expatriates looking to make the big bucks. Mumbai, India’s financial, commercial and entertainment capital, tops global rankings for expat salaries, according to a survey conducted by HSBC Bank International Ltd. Foreigners moving to the subcontinent’s most populous city reported average annual earnings of $217,165. That’s more than double the global expat average of $99,903, the […]

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