Tag: Million

Global unemployment may reach 250 million

Microsoft president Brad Smith. Photo: Getty
Microsoft president Brad Smith. Photo: Getty

Microsoft (MFST) president Brad Smith says global unemployment may reach a quarter of a billion people in 2020.

His stark warning comes as the US Congressional Budget Office estimates a 12.3 point increase in the unemployment rate putting 21 million employees newly out of work.

“It is a staggering number. The pandemic respects no border. Many other countries and continents face similar challenges,” Smith told the BBC.

Millions will need to learn new digital skills to get jobs or retain their existing employment, according to the tech giant boss.

Microsoft recently announced plans to

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This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

Technology is shattering legacy financial systems that can’t keep pace with market demand — and Brex is at the forefront. It’s one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.

Brex co-founders Pedro Franceschi and Henrique Dubugras
Brex co-founders Pedro Franceschi and Henrique Dubugras

Brex

The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil’s largest payment processors.

Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor

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The Hut Group Inks Beauty Deals Worth More Than 100 Million Pounds

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LONDON — The Hut Group is pumping up its white label tech business, inking a string of deals worth more than 100 million pounds to develop e-commerce sites for brands including Elemis, Burt’s Bees, Nuxe and By Terry.

The Manchester, England-based group said Monday that THG Ingenuity, its technology services division, has been partnering with a string of independent brands and beauty companies, such as PZ Cussons and Revolution Beauty, to build and operate their direct-to-consumer sites internationally.

THG, the owner of e-tailer Lookfantastic, Espa and Illamasqua, among other names, said it was

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