Reuters

SEOUL (Reuters) -South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms and the Singapore-based firm's founder pledged to use his own assets to help compensate customers and vendors.

South Korea to support vendors hit by Qoo10 payment delays, founder pledges compensation

Cook has briefed multiple people around him about his departure news in recent days, although he hasn’t explained why he was leaving. The sources requested anonymity as the conversations were private. A Tiger Global spokesperson didn’t immediately respond to a request for comment. His departure adds to other...

Tiger Global partner Alex Cook to leave firm, sources say

Two years on, investors aren’t as enthused anymore as the business models of such startups, both asset-light and asset-heavy, across the continent have come under pressure, leading to retreats, closures, downsizing and mergers. Yet, Cartona, which is “very close to reaching full EBITDA profitability,” according to founder and CEO...

Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

Kennet focuses exclusively on backing established B2B SaaS startups that are founder-owned and either highly capital efficient or fully bootstrapped, meaning they’re built without external capital. A good example of this is the conference networking app Grip, which raised $13 million in 2021, with Kennet leading the round. The...

Hey, there ARE growth funds in Europe — Kennet raises $287M for its largest fund to date

As she grew up, she saw how the food system was changing: More people starting to demand transparency in the supply chain and caring about better-quality ingredients and products. “Big CPG (consumer packaged goods) wasn’t really solving for that, and I put my family business in the big CPG bucket...

Siddhi Capital grabs $135M for Fund II to invest in consumer packaged goods startups

Dallas, TX

The US Sun

ANGRY customers are demanding compensation after news of AT&T's data breach emerged last week. A lawsuit filed against the Dallas-based telecommunications company last Friday night, July 12, alleges that AT&T was not transparent about the severity of the breach and did not safeguard important customer data. Over 100 million customers...

100 million AT&T customers fight for one-time payment and settlement after breach exposed six months of call logs

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Minnesota State

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National Weather Force

Severe thunderstorms are expected across parts of North Dakota and northern Minnesota from the late evening into overnight. These storms are capable of producing damaging winds and large hail. Refer to the detailed forecast for further specifics below.

Damaging Winds & Large Hail Expected; Northern Plains; Late Evening – Night of July 27th, 2024

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Denver, CO

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Newark, NJ

Paterson, NJ

Morristown Minute

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

Irish Star

Costco CFO Gary Millerchip said the retail giant is focusing on expanding options

Costco makes major change in stores unveiling two major new services for members

BitClout, a decentralized social media platform, raised from a who’s-who of firms, like a16z, Sequoia, Chamath Palihapitiya’s Social Capital, Coinbase Ventures and Winklevoss Capital. Many of these big name investors were in at the company’s roughly $7 million seed round, with Sequoia investing $1 million and a16z investing $3 million, according to sources close to the seed round at the time.

SEC charges BitClout founder Nader Al-Naji with fraud; says proceeds paid for L.A. mansion, gifts

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

It starts innocuously enough, with a father talking about how much his daughter loves Sydney McLaughlin-Levrone (she “might even be the world’s number one Sydney fan”). Apparently, she wants to write the Olympic gold medalist a fan letter and needs her dad’s help — and that’s where things take a turn.

Dear Google, who wants an AI-written fan letter?

Camden, NJ

Cornelius, NC

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

NewsBreak

Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

During an emergency hearing held by the South Korean government to discuss Qoo10’s liquidity crisis, Young-bae Ku, the company’s founder, said he would secure the amount...

Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

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