WeWork, Uber drag SoftBank into first quarterly loss in 14 years

Softbank’s founder Masayoshi Son admitted that his earlier judgement of WeWork was ‘not right’ in many ways. Japanese technology investment firm SoftBank Group suffered its first quarterly loss in 14 years between July and September, dragged down by falling valuations of its biggest tech bets such as WeWork and Uber. The group’s giant Vision Fund made a 970 billion yen ($8.9bn) loss, a humbling blow for founder, chairman and chief executive Masayoshi Son even as he tries to raise an enormous sum for a second investment fund. Son, 62, told…

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For first time, Biden declares that Trump must be impeached

The Democratic presidential hopeful departs from usual campaign pitch to deliver blistering speech against Trump. US Democratic presidential candidate Joe Biden said on Wednesday for the first time that President Donald Trump must be impeached for abusing the powers of his office to help his own reelection. Biden made the remarks as part of a blistering 25-minute speech in New Hampshire, departing from his usual campaign pitch and signalling that he will aggressively confront Trump as the president faces an impeachment inquiry rooted in his unfounded accusations that the former…

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Millions of US women say first sexual experience was rape

New study finds one in 16 women says first sexual experience was forced or coerced in early teens. The first sexual experience for one in 16 US women was forced or coerced intercourse in their early teens, encounters that for some may have had lasting health repercussions, a new study suggests. The experiences amount to rape, the authors say, although they relied on a national survey that didn’t use the word in asking women about forced sex. Almost seven percent of women surveyed said their first sexual intercourse experience was…

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Louisiana braces for first hurricane of the season

Tropical Storm Barry could develop into a Category-1 hurricane as it makes landfall this week, bringing torrential rain. Thousands of residents of the US state of Louisiana broke out sandbags or fled to higher ground Thursday as Tropical Storm Barry threatened to turn into the first hurricane of the season and blow ashore with torrential rains that could pose a severe test of New Orleans’ improved post-Katrina flood defences. National Guard troops and rescue crews in high-water vehicles took up positions around the state as Louisiana braced for the arrival…

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San Francisco is the first US city to ban e-cigarettes

New law seeks to curb underage use of the popular cigarette alternative. San Francisco will become the first major city in the United States to ban the sale of e-cigarettes as officials look to control the rapid uptick in teenage use of nicotine devices made by companies such as Juul Labs Inc. The San Francisco Board of Supervisors approved the ordinance on Tuesday, banning the sale and distribution of e-cigarettes until they have approval from the US Food and Drug Administration. States and cities across the US have already moved…

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Toronto Raptors stun Golden State Warriors in first NBA Finals

Pascal Siakam’s playoff career-high 32 points ensured two-time defending champions were beaten in opening game. The Toronto Raptors won the first NBA Finals game played outside the United States with a thrilling 118-109 victory over the two-time defending champions Golden State Warriors. Toronto were led by Cameroonian forward Pascal Siakam, who scored a playoff career-high 32 points on Thursday while Golden State’s sharp-shooting duo of Stephen Curry and Klay Thompson failed to find their usual groove in the opening game of the series. The Raptors led by 10 points at…

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World’s first electric-powered air taxi to launch ‘by 2025’

Emissions-free craft unveiled by German company Lilium aims to hit the skies in five years. Lilium hopes to operate in various cities around the world ‘by 2025’ [Christof Stache/AFP] Using an app to order an air taxi that won’t break the bank is one test flight closer to being realised. Thursday, the German startup Lilium announced that it has staged a successful maiden flight of its pilotless, all-electric and five-seater prototype of an air taxi. The aircraft could serve as a template for a fleet of battery-powered air taxis that…

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San Francisco first US city to ban facial recognition by police

Ban puts US city at the forefront of increasing discontent over the technology used by government agencies for years. City Supervisor Aaron Peskin speaks before the vote on a surveillance technology ban that he sponsored in San Francisco [Jeffrey Dastin/Reuters] San Francisco has become the first US city to ban the use of facial recognition technology by police or other government agencies. Officials on Tuesday voted 8 to 1 to ban the purchase and use of facial recognition technology by city personnel, in a move to regulate tools that local…

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