The dreaded “down rounds” reduce initial valuations by billions

The dreaded “down rounds” reduce initial valuations by billions

Aug 9 (Reuters) – Several high-flying startups are pulling back as the recent carnage in global stock markets and lackluster demand for new listings forces companies to raise funds at a steep discount to their sky-high valuations. The easy money from venture capital trading is quickly evaporating in an inflation-fueled high-interest-rate environment as many private…

As electric cars go mainstream, it’s vying for market share in home chargers

As electric cars go mainstream, it’s vying for market share in home chargers

BEDFORD, England, July 20 (Reuters) – As electric vehicles (EVs) take off, the battle for market share among start-ups selling home chargers is heating up, fueling more deals in the industry as tens of millions of units are installed worldwide . over the next decade. According to a Reuters analysis, more than 100 companies in…

Britain begins post-Brexit ‘transformation’ of finance

Britain begins post-Brexit ‘transformation’ of finance

The UK is trying to preserve London’s financial situation after Brexit Regulators to focus on competitiveness, not just on stability Capital rules for insurance companies should be relaxed to encourage investment Zahawi suspends plan for more government oversight of regulators LONDON, July 19 (Reuters) – Britain’s financial regulators will need to support the global competitiveness…