Odds and Ends 

Sources: Lilium is looking to raise up to $500M for its electric flying taxis

“Flying cars” — airborne vehicles designed for urban and other short-distance commutes to replace conventional private automobiles — are (at best) still years away from being a reality, with significant safety, technology and business model hurdles to clear before they ever hit the sky. Now, sources tell us that one of the more promising startups in the field, the German startup Lilium, wants to put itself into pole position by ramping up its financial position. Lilium has been talking to investors to raise a big round of funding, between $400…

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Odds and Ends 

Peer-to-peer car-sharing marketplace Turo raises $250M at over $1B valuation from IAC

Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com and OkCupid. This round pushes Turo into unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad. This late round of funding brings the company’s total to nearly $450 million, raised across multiple rounds since its founding as Relay Rides in 2009. The company plans to use the investment to fuel its growth, further refine the customer experience…

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Headlines 

Former German spy chief causes alarm by sharing far-right tweets

Critics question judgment of Georg Maaen for spreading lies and extremist agitation When he was in charge of Germanys domestic intelligence agency, Hans-Georg Maaen warned of how easy it was for people to be led astray by disinformation and clumsy fake reports on the internet. But since his dismissal from office last September, the former spy chiefs behaviour on social media has raised questions over his own ability to distinguish conspiracy theories from truthful reporting, and sparked a debate about the neutrality of the powerful intelligence agency during a period…

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German DIY chain’s ‘racist’ advert provokes anger in South Korea

Petition asks for apology from German DIY chain Hornbach following inappropriate ad A German advertisement showing an Asian woman becoming aroused after smelling dirty laundry worn by white men has fuelled anger in Seoul, with many women calling it racist and demanding an apology. The commercial, produced by the German DIY-store chain Hornbach, shows white men working outside in a garden before removing their sweaty clothing and dumping it in a box. The ad then cuts to a grey, industrial city that resembles Tokyo where an Asian woman buys a…

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80 Years Later

Image via simple613 on reddit In this poignant image recently shared on reddit, we see the famous Brandenburg Gate in Berlin in 1938 and 2018. Throughout its existence, the Brandenburg Gate was often a site for major historical events and is today considered not only as a symbol of the tumultuous history of Europe and Germany, but also of European unity and peace. While these two images represent the strongest examples of change, you can see in this image the various symbols and events that have appeared on these gates…

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Headlines 

German police in row over far right after officer blocked TV crew at Pegida rally

Off-duty police employee tried to stop groups demonstration in Dresden being filmed Police and politicians in the east German state of Saxony have been accused of ignoring or underplaying the rising influence of the far right, after an incident involving an off-duty police officer who tried to stop a TV crew filming a rally by the Pegida group in Dresden. Video footage that has gone viral showed a man later identified as an off-duty police employee shouting at crew members from state broadcaster ZDF. The man, dressed in a sun…

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Headlines 

Are You Pound-Proof Yet? The Brexit Endgame Is About to Begin

Time is running out to position for a disorderly Brexit. That’s the chorus growing louder among pound traders and strategists, with Morgan Stanley joining the said to be preparing for a failure to secure an accord on future economic ties with the EU, the European Council meeting in October and the U.K. Parliament vote on the final exit agreement in December or January are potential flash points, according to the U.S. bank. The pound fell to the lowest level in almost a year against the dollar Thursday, with losses deepening…

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Odds and Ends 

This clever case pops open to protect your phone when you drop it

That moment when you drop your phone and everything stops. You can hear your heart beat — the buzz of the world around you is silenced — all cognition stops — you see as if in slow motion the pirouette of your $700 piece of electronics toward the cement. How will it land? Will you get lucky this time? Or is this it? But if you had this case on it, you’d then see it spring horns and land with a jaunty bounce. This “active damping” case, a bit like…

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Headlines 

World Cup 2018 power rankings: Brazil and Croatia lead the way

At the end of the group stage we rank the 32 teams at the World Cup in Russia, with Brazil top, England in 10th and Panama last 1) Brazil It is hard to shake the feeling that Brazil are the best-balanced side at this World Cup. win over Serbia and they look capable of raising things further. thumping win over Argentina. A meeting with Spain in the last eight looks likely and Zlatko Dalics side cannot be ruled out of doing something special. 3) Belgium Whether or not they really…

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Headlines 

Toni Kroos brings off late miracle for Germany to stun Sweden

Germany had Jrme Boateng sent off but dramatically beat Sweden 2-1 with a goal deep in added time, when a draw would have meant them losing control of their fate Joachim Lw had been asked about the curse of world champions past. Three of the previous four World Cup winners had exited at the group phase France (2002), Italy (2010), Spain (2014) and the Germany manager knew his team stood to be the next. After the debacle that had been the defeat against Mexico in the opening Group F tie,…

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Everything Is for Sale in Cyprus, and Chinas Buying

increasingly assertive global powerhouse of 1.4 billion people, the other an island nation of 1.2 million that boasts a strategic location and a reputation for a no-questions-asked approach to financial affairs. That makes for a compelling match as China seeks to expand its footprint inside the European Union. “We have investments right across all sectors of the economy,” Christodoulos Angastiniotis, president of the Cyprus Chamber of Commerce and Industry, said before joining the other guests to hear speeches extolling the excellent state of China-Cyprus relations. He said there were “some very…

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Anti-Muslim campaigners denied entry to UK at border

Martin Sellner and Abel Bodi stopped at Stansted en route to far-right event in London Two prominent anti-Muslim campaigners have been denied entry into the UK ahead of a conference held by Britains newest and most active far-right group. Martin Sellner, from Austria, and the Hungarian Abel Bodi were due to attend the private Generation Identity conference in London on Saturday. They were detained at Stansted airport the second time in a month that Sellner, the leader of Generation Identity, has been prevented from entering the UK by border officials.…

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Merkel Wins Fourth Term as Germanys SPD Backs Coalition

Germany’s Social Democrats voted to join Chancellor Angela Merkel’s next government, clearing the last hurdle to her fourth term and restoring a sense of political stability in Europe’s biggest economy. SPD members approved the coalition pact by a wider-than-expected margin, which may make it easier for the party to effectively govern with Merkel’s Christian Democrat-led bloc. The result, unsealed on Sunday morning, was 66 percent in favor to 34 percent against. Before the vote, SPD leaders had said they hoped for 60 percent support. The chancellor can expect to be…

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China to Overtake U.S. Economy by 2032 as Asian Might Builds

The growing leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have overtaken the U.S. to hold the No. 1 spot. India’s advance won’t stop there, according to the CEBR, which sees it taking the top place in the second half of the century. Also by 2032,…

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