The city of Stockholm has fewer than one million residents, roughly a tenth of Bangalore’s population. In fact, at 10 million-plus people, Bangalore has more residents than the entire country of Sweden (9.7 million). The Scandinavian capital is abuzz with innovative ideas and startup savvy. How does a city with so few people grow a density of technology unicorns (startups valued at $1 billion or more) and multi-hundred dollar startups to beat Bangalore hollow? Spotify, the music streaming service that has been valued at over $8.5 billion to make it Europe’s most valuable venture-backed firm, started in Stockholm. It was Sweden’s fifth unicorn. Alongside Spotify, there is the free video and voice chat app, Skype, King (the gaming studio behind the Candy Crush games), Mojang (maker of Minecraft games) and Klarna, the payment service. Stockholm is the world’s most prolific tech startup hub after Silicon Valley on a per-capita basis. Stockholm is right up there, … [Read more...] about Start-up city: Why Stockholm is miles ahead of Bangalore
City year new york
Lou Pearlman was a failed blimp business owner who went on to become one of the biggest pop “Svengalis” on the planet before he fell foul of the music industry and settled into a life of Ponzi-scheming. He was also an alleged paedophile who was at one time the biggest pop music mogul on the planet. The Boy Band Con, produced by Lance Bass of *NSYNC, delves into the experience of how some of the biggest superstars of the nineties were scammed out of their earnings by obese conman Lou Pearlman. Pearlman was a pop mogul who’d parlayed earnings from a dodgy blimp company into a career as a boy band manager and music mogul. He would go on to become a billionaire while his confused pop stars earned barista-level wages. Pearlman was the founding manager of Backstreet Boys, *NSYNC, Take 5, Aaron Carter and Innosense (a group which included Britney Spears) among others and was a sought after Svengali manager. In the new Youtube Premium documentary, multiple stars have talked … [Read more...] about Revealed: Ponzi-scheming ‘Svengali’ behind nineties boy band craze
HAMPTON (US): Swedish teen climate activist Greta Thunberg has hitched a renewable-energy ride back to Europe, sailing into the Atlantic on a trip she hopes will get her to Madrid in time for another climate conference, and then home for the holidays. Thunberg tweeted on Wednesday as she took to the sea on the 48-foot (15-meter) catamaran of an Australian family that answered her urgent appeal for a low-carbon way back home after the United Nations climate meeting she had planned to attend in Chile was moved due to political unrest there. She encouraged followers to track their journey online. Before departing, Thunberg reflected on her time in North America during an Associated Press interview in the cabin of the catamaran. Some people in power, she said, simply lack a sense of urgency when it comes to global warming. "The situation in Canada and the US is basically the same as to where I come from: It is the same arguments that are being used to delay action. It is the same … [Read more...] about ‘I miss my family and dogs’, says Greta Thunberg as she hitches a low-carbon ride to Europe
Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing. WHY IS ALIBABA LISTING IN HONG KONG? Analysts say establishing a base outside the United States gives the US-listed company options, especially in the light of the US-China trade dispute. It is an "escape valve listing", said Travis Lundy, an analyst at Quiddity Advisors who publishes on SmartKarma. "Investors can take delivery or buy and sell shares (in Hong Kong) should US-China relations worsen. This should be considered a non-negligible benefit for any US-listed Chinese company," he added. Alibaba, which is due to start trading on Nov. 26 in Hong Kong, could also benefit from Chinese demand. While it will not be eligible for trading until June in the Stock Connect that links Shanghai and Shenzhen with Hong Kong, analysts and investors expect … [Read more...] about Why is Alibaba listing in Hong Kong?
Tokyo: Nine-time Olympic gold medalist Usain Bolt is bringing his electric scooters to Japan, hopeful that his celebrity status will help persuade regulators that the environmental benefits are important enough to relax some of the curbs on their use. Under current laws, scooters can only be driven on roads, they need to carry license plates, and riders require a motorcycle license. The world-record sprinter and co-founder of Bolt Mobility announced the launch at an event in a Tokyo restaurant on Friday. The initial goal is to limit its scooter rentals to private land, which is exempted from the traffic regulations, and to be operating on 40 university campuses by the end of 2020. Beyond that, representatives of the year-old American start-up are talking with regulators about easing restrictions, arguing its scooters can reduce traffic congestion and thereby reduce emissions. Bolt hopes his celebrity can help deliver that message. "We're still talking and trying to figure out how to … [Read more...] about Usain Bolt brings his e-scooter to Japan despite regulatory road bumps