Investing

Virgin Orbit, which laid off most of its staff last week, struggled to secure funding after a failed satellite launch from the U.K. in January.

In the first three months of 2023, Australian startups reported $661 million of capital raised across 82 deals. That was less than 50% of reported capital raised in Q1 of 2021 and 20% of Q1 in 2022, according to Cut Through Ventures’ quarterly report.

Young entrepreneurs, Josh Ball and Josh Brooks, have designed their growing grocery delivery business around solving Australia’s multi-million-dollar food waste crisis.

After Italy became the first Western country to block ChatGPT over lack of transparency in its data use, the question is: Who will follow?

Forty-five years after arriving in Los Angeles, David Tran has built Sriracha into a billion-dollar business.

The four-time NBA MVP will no longer have a blue check on Elon Musk’s Twitter after the company axes its legacy verification program Saturday.

Over the past decade, Chow Shing Yuk, 44, has steadily built a logistics and delivery giant from a base in Hong Kong, backed by the likes of Neil Shen’s Sequoia China and Lei Zhang’s Hillhouse.

CFTC complaint against Binance raises hopes for some digital assets qualifying as commodities, limiting U.S. regulation as securities.

Australia’s inflation rate has slowed to 6.8% in February – indicating the nation may have passed the peak of the current inflation cycle.

Musk said he “forgot to mention” the major exception to a new policy he announced Monday to only promote For You recommendations from verified accounts—soon to only include Twitter Blue subscribers, according to the company.