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☆ Web Summit CEO Paddy Cosgrave steps down in wake of controversy over his Israel comments
▼ + stars: | 2023-10-21 | by ( Lakshmi Varanasi | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Paddy Cosgrave, the CEO of Web Summit, announced Saturday he's stepping down immediately. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementPaddy Cosgrave, the CEO of Web Summit, said Saturday he was resigning with immediate effect. The conference — one of Europe's biggest tech events — is to take place November 13 to 16 in Lisbon, with 70,000 delegates, a Web Summit spokesperson previously told Insider. A representative said a new CEO would be appointed as soon as possible and that the conference would proceed as planned.

Persons: Paddy Cosgrave, Cosgrave, — Organizations: Web Summit, Service, Web, Intel, Siemens Locations: Israel, Geneva, Lisbon

NEW YORK (AP) — Paddy Cosgrave, the chief executive officer of a prominent European tech conference called Web Summit, resigned from his role on Saturday amid backlash for his public statements that suggested Israel was committing war crimes. A spokesperson for Web Summit, which organizes one of the world's largest tech conferences every year, said in an e-mailed statement sent to The Associated Press that it will appoint a new CEO, and the conference will go ahead next month in Lisbon as planned. Jewish groups have criticized tepid responses or slow reactions to the Oct. 7 Hamas rampage that killed 1,400 people in Israel and triggered the latest war. ”“War crimes are war crimes even when committed by allies, and should be called out for what they are,” he added. not commit war crimes.

Persons: — Paddy Cosgrave, Israel, Cosgrave, ” “, ”, Cosgrave’s, Anne Organizations: Web, Associated Press, Hamas, Intel, Meta, Google Locations: Lisbon, Irish, Israel, Gaza, Geneva

Company bosses have vowed never to hire members of a university's student groups that condemned Israel. The fallout from the Israel-Hamas war has spilled into workplaces everywhere, as top leaders of prominent companies weigh in with their views while workers complain their voices are not being heard. Starbucks filed a lawsuit to stop Starbucks Workers United from using its name and a similar logo. Workers United, the parent union of Starbucks Workers United, responded with its own lawsuit saying Starbucks defamed the union by implying it supports terrorism. Starbucks Workers United tweeted a longer message on Friday denouncing Israel’s “occupation” and “threats of genocide Palestinians face” while also condemning antisemitism and Islamophobia.

Persons: Israel, J.P Morgan Chase, Goldman Sachs, Albert Bourla, Pfizer, ” Bourla, Paddy Cosgrave, “, David Marcus, Cosgrave, Jonathan Neman, Winston, Strawn, Isra, Abuhasna, Israel’s, Angela Berg, Perelaks, Berg, Julie Sweet, David, Allison Grinberg, Funes, didn't, ”, Grinberg, Dee, Ann Durbin Organizations: Starbucks, Company, Hamas, U.S, Google, Pfizer, Summit, Siemens, Intel, Harvard, New York University, Student Bar Association, Islamic Relations, Palestinian, Starbucks Workers, . Workers United, Starbucks Workers United, Accenture, Associated Press, Liberty Mutual, Israel . Liberty Mutual Locations: Israel, Gaza, Chicago, Palestinian American, U.S, Palestine, Boston, Funes

☆ Web Summit CEO Paddy Cosgrave resigns after backlash to Israel-Hamas war comments
▼ + stars: | 2023-10-21 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —Paddy Cosgrave, the chief executive of Web Summit, stepped down Saturday after several Big Tech companies withdrew from the company’s upcoming annual technology conference over his comments on the Israel-Hamas war. On Tuesday, Cosgrave posted a nearly 600-word statement on Web Summit’s blog to apologize and clarify his stance. A spokesperson for Web Summit told CNN that the company will appoint a new CEO as soon as possible. “Web Summit 2023 in Lisbon will go ahead as planned,” the spokesperson added. Cosgrave, 41, co-founded Web Summit in 2009 with David Kelly and Daire Hickey.

Persons: CNN — Paddy Cosgrave, ” Cosgrave, “, ”, Cosgrave, unreservedly, David Kelly, Daire Hickey Organizations: CNN, Web, Big Tech, Ministry of Health, Amnesty, Google, Siemens, Amazon, Web Summit Locations: Israel, Gaza, Geneva, Lisbon

☆ Web Summit CEO resigns after apologizing for Israel-Hamas war comments
▼ + stars: | 2023-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Paddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his post after coming under fire for his comments on the Israel-Hamas war, leading Big Tech guests like Alphabet , Meta and Amazon to cancel their attendance. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement on Saturday. This year's conference is scheduled for Nov. 13 to Nov. 16 and is set to take place in Lisbon, Portugal. The day after he posted on X, Cosgrave issued an apology on Web Summit's blog, saying he understood that the timing of his comments "caused profound hurt." "What is needed at this time is compassion, and I did not convey that," Cosgrave said in the apology.

Persons: Paddy Cosgrave, Cosgrave Organizations: Big Tech Locations: Israel, Gaza, Lisbon, Portugal

☆ Web Summit Chief Steps Down Over Israel Remarks
▼ + stars: | 2023-10-21 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com time to read: +2 min

The chief executive of Web Summit, one of Europe’s biggest technology conferences, stepped down on Saturday after major sponsors and speakers withdrew from the event, set for next month, following backlash over his public criticism of Israel’s response to the Hamas attacks. “I sincerely apologize again for any hurt I have caused.”A spokeswoman for Web Summit said that the organization aimed to appoint a new chief executive as soon as possible. Web Summit said on Friday that it expected about 70,000 people to attend, about the same as last year. Among those to drop out were Ravi Gupta, a partner at Sequoia Capital, and Garry Tan, the chief executive of the technology incubator Y Combinator. But by Tuesday, he published an apology on Web Summit’s site in which he said he defended “Israel’s right to exist and to defend itself.”

Persons: Paddy Cosgrave, —, ”, “, Cosgrave’s, Ravi Gupta, Garry Tan, Cosgrave Organizations: Web, Google, Intel, Meta, Siemens, Web Summit, Western, Sequoia Capital Locations: Irish, Lisbon, Israel

☆ Web Summit CEO resigns after recent comments on Israeli conflict
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: 1 min

Web Summit's CEO Paddy Cosgrave talks on a stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsOct 21 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Saturday resigned after comments he made on the Israeli-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Paddy Cosgrave, Ricardo Moraes, Cosgrave, Maria Ponnezhath Organizations: Rio de Janeiro Brazil, REUTERS, Thomson Locations: Rio de Janeiro, Portugal, Bengaluru

Worries are growing about how much the turmoil could cost the global economy. Brent crude, the global oil benchmark, hit a three-week high this on Fridayfears that a military escalation could disrupt already tight supplies. In a speech largely focused on inflation, interest rates and economic growth, Jay Powell, the central bank’s chair, warned on Thursday that “geopolitical tensions are highly elevated and pose important risks to global economic activity.”The Middle East is becoming a wild card for the global economy. That would probably sap growth but might also slow the economy enough to negate the need for an additional interest-rate increase. The measures were announced days after the U.S. imposed tighter restrictions on sales of more advanced semiconductors to China.

Persons: Biden, —, Brent, Jay Powell, Powell, ” Powell, Kamala Harris, Jay Monahan, David Zaslav, Jim Jordan, Patrick McHenry, Jordan, there’s, Fran Drescher, George Clooney, ” Drescher, Sidney Powell, Donald Trump’s Organizations: Gaza, Israel, U.S . Navy, Intel, Siemens, European Commission, Digital Services, PGA, Warner Bros, Hollywood, SAG, Trump Locations: Mideast, Israel, Ukraine, Lebanon, U.S, Iran, Yemen, Syria, Iraq, Lisbon, Ohio, Trump . China, Beijing, China

☆ Why corporate America can't stay silent on Hamas's October 7 attacks on Israel
▼ + stars: | 2023-10-20 | by ( Elliott Gotkine | ) edition.cnn.com time to read: +4 min

London CNN —From ESG investing (Blackrock), to gay rights (Disney), to Donald Trump after the Capitol riots (mainstream corporate America), companies routinely take a stand. But when the barbarous scale of Hamas’s October 7 attacks on Israel became clear, staying silent ceased to be an option. “Saying nothing speaks to cowardice,” said Jeffrey Sonnenfeld, a professor at the Yale School of Management who focuses on corporate leadership among other issues. All in, around 80 household-name companies in America have condemned the Hamas attacks, as tracked by Sonnenfeld who maintains a list. “Not taking a stand is taking a stand,” Susan, who served in the Israeli special forces, told CNN.

Persons: Donald Trump, Colin Kaepernick, Bud Light’s, ”, Jeffrey Sonnenfeld, “, Satya Nadella, ” Sundar Pichai, Sonnenfeld, , Paddy Cosgrove, Israel, Sundar Pichai, Israel Jose Luis Magana, Susan, ” Susan, ” Richard Griffiths, Citigate Dewe Rogerson, ” Griffiths Organizations: London CNN, Blackrock, America, Nike, Yale School of Management, Microsoft, Google, ” Disney, Tottenham Hotspur Football Club, Web, Eclipse, CNN, “, London Locations: Israel, America, United States, United Kingdom, Gaza, Ukraine, ”, Russia

☆ Sponsors are backing out of the tech conference Web Summit after backlash over the founder's comments on Israel
▼ + stars: | 2023-10-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Major tech giants Intel and Siemens have pulled out as sponsors of the Web Summit conference. Siemens told Insider that it's not attending due to "recent developments surrounding Web Summit." AdvertisementAdvertisementIntel and Siemens are pulling out as sponsors of Web Summit after its CEO and cofounder, Paddy Cosgrave, criticized the West's support for Israel, the companies confirmed to Insider. The multinational companies told Insider they're withdrawing from the European tech conference, which is set to take place in Lisbon next month. "Following recent developments surrounding Web Summit, we have reviewed the situation and determined that Siemens will not to attend in 2023," German tech firm Siemens told Insider in a statement Thursday.

Persons: it's, —, Paddy Cosgrave, I'm, Cosgrave Organizations: Intel, Siemens, Web, Service, Israel Locations: Israel, Lisbon

☆ Web Summit CEO apologises for comments on Israeli conflict
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Oct 17 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Tuesday apologised for comments he made on the Israeli-Hamas conflict that prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. Web Summit, one of the world's largest tech conferences, will take place in Lisbon from Nov. 13-16, with attendees from companies such as Meta (META.O) and Microsoft (MSFT.O) to investors such as Atomico. "War crimes are war crimes even when committed by allies, and should be called out for what they are," wrote Cosgrave, who was born in Ireland. Among executives to have cancelled their participation at Web Summit are AI21 Labs' Ori Goshen; Tome's Keith Peiris; Sequoia Capital partner Ravi Gupta; Yinon Costica, co-founder of Israeli cybersecurity unicorn Wiz; and Y Combinator’s Garry Tan, according to LinkedIn and X posts. Philippe Botteri, CEO of tech investor Accel, said in a LinkedIn post on Monday he would no longer speak at Web Summit.

Persons: Paddy Cosgrave, Cosgrave, I’m, Leo Varadkar's, Israel, Cosgrove, Goshen, Tome's Keith Peiris, Ravi Gupta, Yinon Costica, Y, Garry Tan, Philippe Botteri, Portugal Dor Shapira, Steven Scheer, Supantha Mukherjee, Josephine Mason, Alison Williams, Mark Potter Organizations: Web, Microsoft, Palestinian, Hamas, Irish, AI21 Labs, Sequoia Capital, Thomson Locations: Portugal, Lisbon, Gaza, Israel, Ireland, Jerusalem, Stockholm, London

☆ CEO apologizes for Israel remarks after 4 days of backlash and conference dropouts
▼ + stars: | 2023-10-17 | by ( Hasan Chowdhury | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

The founder of tech conference Web Summit apologized for "profound hurt" over his Israel remarks. AdvertisementAdvertisementThe founder of European tech conference Web Summit has apologized for the "profound hurt" caused by his comments criticizing the West's support for Israel, which triggered several high-profile withdrawals from the event. AdvertisementAdvertisementGil Dibner, general partner at Angular Ventures, said it was "a time that calls for moral clarity" after canceling his speaking engagement at Web Summit. Dropouts increased, and within 24 hours the number of Israel-based speakers at Web Summit dropped from at least five to zero, according to Insider analysis. Other speakers lined up for Web Summit include Meta's Nick Clegg, as well as comedian Amy Poehler and actor Joseph Gordon-Levitt.

Persons: Israel, Paddy Cosgrave, —, I'm, Garry Tan, Ravi Gupta, Cosgrave, State Anthony Blinken, Moshiel Biton, hadn't, Biton, Gil Dibner, Nick Clegg, Amy Poehler, Joseph Gordon, Levitt, Benjamin Netanyahu Organizations: Service, Israel, Sequoia Capital, State, Web, Angular Ventures, Web Summit, Hamas, West Bank Locations: Gaza, Hamas, Lisbon, Portugal, Israel

☆ Tech leaders are pulling out of a CEO's conference over remarks he made about Israel
▼ + stars: | 2023-10-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

"War crimes are war crimes even when committed by allies, and should be called out for what they are." War crimes are war crimes even when committed by allies, and should be called out for what they are. Israel's ambassador to Portugal, Dor Shapira, announced Monday that his country would no longer participate in the Web Summit conference as a result of Cosgrave's "outrageous statements." AdvertisementAdvertisement"We are saddened to hear that some Israelis in the tech community will no longer be attending Web Summit," a spokesperson said. "To repeat: War crimes are war crimes even when committed by allies & should be called out for what they are," Cosgrave wrote.

Persons: Israel, —, Paddy Cosgrave, I'm, Cosgrave, I’m, — Paddy Cosgrave, Dor Shapira, Shapira, Garry Tan, Y, Goshen, Ravi Gupta, Keith Peiris, Tome, Adam Singolda, David Marcus Organizations: Tech, Service, Web, AI21 Labs, Sequoia, PayPal, Web Summit, Hamas Locations: Europe, Israel, Irish, Lisbon, @paddycosgrave, Portugal, Goshen, Gaza, Palestinian

☆ Australian journalist Cheng Lei detained by China arrives home
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

CGTN anchor Cheng Lei speaking on stage at the Corporate Innovation Summit during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Australian journalist Cheng Lei, who had been detained on national security charges in Beijing for more than three years, returned home on Wednesday after being released, Australia's Prime Minister Anthony Albanese said. Cheng, who was tried in secret in March 2022, arrived in Melbourne and has been reunited with her two children and family, Albanese told a press conference. "(The) government has been seeking this for a long period of time and her return will be warmly welcomed not just by her family and friends but by all Australians," he said. Albanese said he expected to visit China this year.

Persons: Cheng Lei, Anthony Albanese, Cheng, Albanese Organizations: Corporate, Web, Australia's Locations: Lisbon, Portugal, Australian, Beijing, Melbourne, China

☆ SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
▼ + stars: | 2023-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus to powering new "metaverse" experiences. Improbable CEO Herman Narula said the company had reported its "best financial year" on record which reflected how its bet on the metaverse had paid off. Improbable said that part of the reason behind the company's reduction in losses was a dramatic reduction in the cost of running mass-scale virtual events. The year also saw Improbable divest two of its games studios, Inflexion Games and Midwinter Entertainment, and sell off a business unit focused on servicing defense clients.

Persons: Herman Narula, Critics, Andreessen Horowitz Organizations: Inflexion, Midwinter Entertainment, Companies House Locations: Lisbon, British

☆ Ukrainian minister vows more drones for strikes on Russian warships
▼ + stars: | 2023-09-16 | by ( Max Hunder | ) www.reuters.com time to read: +3 min

Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine attends a news conference at the Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 3, 2022. “There will be more drones, more attacks, and fewer Russian ships. That’s for sure,” Digital Transformation minister Mykhailo Fedorov said in an interview on Friday, answering a question about recent attacks near Crimea. This week, Ukraine has made several attacks using sea drones and missiles on Russia’s Black Sea naval fleet in and around the Crimean peninsula, which was annexed from Ukraine by Russia in 2014. Russia has acknowledged a Ukrainian missile attack that damaged a warship and a submarine this week, but says it has repelled all sea drone attacks.

Persons: Mykhailo Fedorov, Pedro Nunes, Fedorov, “, Max Hunder, Mark Potter Organizations: Digital Transformation, Web, REUTERS, Reuters, Thomson Locations: Ukraine, Lisbon, Portugal, KYIV, Ukrainian, Crimea, Russia

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ This company thinks the future of education is virtual reality schools that offer students a more 'decentralized' experience
▼ + stars: | 2023-09-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementBack in 2015, Oculus founder Palmer Luckey predicted that — sooner or later — virtual reality headsets would find their way into the classroom and enable a new, more immersive future for education. Now, an online school called Optima Academy Online seems to be answering those queries, and bringing Luckey's vision to fruition. Kevin Wolf/APOptimaEd, the Florida-based company behind Optima Academy, is helmed by conservative education activist Erika Donalds, wife of Republican Congressman Byron Donalds. A field trip to EverestThe school instructs students through a combination of virtual reality sessions and online classes. Instruction for kindergarten through second grade is more similar to virtual school where classes are both live and pre-recorded, according to Optima's website.

Persons: Adam Mangana, Palmer Luckey, Luckey, Erika Donalds, Byron Donalds, Kevin Wolf, Ron DeSantis, Jeremy Bailenson, Optima's Organizations: Yorker, New, Summit, Optima, Meta, Optima Academy, Everest, New Yorker, Research Locations: Florida, Dublin, Everest, à, Arizona, Michigan, Yorker

☆ How to sell on TikTok Shop
▼ + stars: | 2023-08-16 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

TikTok is investing heavily into e-commerce with its TikTok Shop program. TikTok is investing heavily into e-commerce with its TikTok Shop program, and it's offering perks to brands and creators who join. Read about what TikTok Shop can offer brands, according to an exec who spearheads the programTikTok / Maryam Malik / Lissette CalveiroHow to start a TikTok Shop as a sellerBrands can join TikTok Shop by applying on the platform's website. What TikTok Shop offers sellersAs TikTok worked to woo merchants, it began offering perks such as free shipping and discounts for new sellers. On TikTok Shop, creators earn money through affiliate commissions.

Persons: Read, Sellers, Maryam Malik, Lissette, TikTok, Adam Beswick, It's, they've Organizations: Center, Brands, Merchants Locations: Here's, Ecwid

☆ Robinhood rival eToro agrees $120 million share sale at discounted valuation
▼ + stars: | 2023-07-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Pedro Fiúza | Nurphoto | Getty ImagesStock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year. The round is a secondary share sale, meaning the company hasn't issued any new shares and won't net any income from the transaction. eToro is not raising money — rather it is a moment for some long standing shareholders and employees to take some liquidity. EToro most recently raised $250 million from investors at a $3.5 billion valuation, far lower than the $10 billion it was seeking in its bid to float via SPAC. EToro agreed it would convert the investment to equity on the condition that the SPAC deal doesn't go ahead — which it didn't.

Persons: Pedro Fiúza, hasn't, eToro, Fintech, doesn't Organizations: Nurphoto, Getty Images Stock, CNBC, Investors, Vision, ION Investment Group, Velvet Sea Ventures, Twitter Locations: Lisbon, Portugal, eToro

☆ Binance could lay off thousands as company buckles down for DOJ probe, source says
▼ + stars: | 2023-07-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. The cuts will eliminate 1,500 to 3,000 of Binance's global workforce, this person told CNBC, and will take place through the end of the year. The Justice Department probe will likely reshape the company fundamentally, the employee told CNBC. A Binance spokesperson disputed that the cuts would impact 3,000 employees, saying that the high-end number was "just not right." Binance itself has suffered significantly since the lawsuits from U.S. regulators, with exchange outflows running into the hundreds of millions.

Persons: Changpeng Zhao, Binance Organizations: Binance Holdings Ltd, Department, CNBC, Street, Justice Department, Reuters, Securities and Exchange Commission, Commodity Futures Trading Commission Locations: Lisbon, Portugal, U.S

[1/2] Mayor of Lisbon Carlos Moedas speaks during the opening ceremony of Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 1, 2021. REUTERS/Pedro NunesLISBON, July 1 (Reuters) - The mayor of Lisbon has been accused of "boycotting" Portugal's first memorial to victims of slavery, a long-delayed project in a country still struggling to confront its role in the transatlantic slave trade. The mayor's office did not immediately reply to a request for comment. According to DJASS, the mayor's office said in April DGCP and EMEL had not given their approval, meaning the memorial had be located elsewhere. DJASS said the mayor's office was dealing with the memorial in a "negligent and disrespectful way" and accused it of adopting a strategy of boycotting the project.

Persons: Lisbon Carlos Moedas, Pedro Nunes LISBON, DJASS, Carlos Moedas, Moedas, EMEL, Catarina Demony, Giles Elgood Organizations: Web, REUTERS, Portugal's Association of African, Campo das, Directorate, Cultural Heritage, Thomson Locations: Lisbon, Portugal, Campo, Brazil, DGCP

☆ Ray Dalio just named which major economy presents the biggest investment opportunity
▼ + stars: | 2023-06-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

This morning we have stories on Ray Dalio, the topsy-turvy housing market, troubled commercial real estate, and more. Ray Dalio said India presents the next big investment opportunity. Troubled assets in the sector just reached $64 billion, climbing 10% in the first quarter of the year. The housing market suggests that the US economy dodged the recession bullet. According to Carson Group, recent strength in housing starts and building permits indicates that construction groups are confident about demand.

Persons: I'm Phil Rosen, Ray Dalio, topsy, Buckle, Eoin Noonan, it's, There's, Warren Buffett, Melinda Gates, Fundstrat's Tom Lee, Phil Rosen, Jason Ma, Nathan Rennolds Organizations: Getty, Berkshire Hathaway, Melinda Gates Foundation, Carson Group, Manheim, Homeowners, Bank of America Locations: India, China, Russia, Ukraine, New York, Los Angeles, London

☆ Check out this $110 million tech campus being built in Lithuania — the largest in Europe
▼ + stars: | 2023-06-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The development, from Lithuanian infrastructure firm Tech Zity, is inspired by British renovation projects like the Battersea Power Station and Tate Modern art gallery. Tech ZityLithuania is building a huge tech campus — Europe's largest — in the capital of Vilnius, as it looks to become the new tech capital of the Baltics. Lithuania's growing tech sceneLithuania's tech ecosystem has grown dramatically over the past decade, Darius Zakaitis, Tech Zity's founder, told CNBC. Tech Zity manages three tech campuses in Vilnius, including Tech Park, Tech Loft, and Tech Spa, which are home to companies like Google, Bored Panda and Kilo Health. Currently occupying 20,000 square meters, Tech Zity plans to reach 80,000 square meters over time, considering new campuses, existing locations, and other projects.

Persons: Darius Zakaitis, Zakaitis, Tech Zity, Daniel Ek, Tom, Kevin, Vineted Organizations: Tech, Battersea Power, Tate, Tech Zity, New, Vilnius, Tech Zity's, CNBC, Nord, Google, Kilo Health, Tech Zity U.S, Netflix, Spotify, Nord Security, Summit, Accel Locations: Lithuanian, Battersea, Tech Zity Lithuania, Vilnius, Baltics, Lithuania, Paris, Europe, Baltic, Nord, France, Germany, Lisbon, Portugal, EQT, Russia

Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.

Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, –, David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal

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