Venture capital funding in crypto rises to $2.4 billion, Pitchbook says May 20, 2024 12:04AM

By Medha Singh

(Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite.

Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a... (continue reading...)

Iran's President Raisi, Foreign Minister die in helicopter crash, Iranian official tells Reuters May 20, 2024 12:01AM

DUBAI (Reuters) - Iranian President Ebrahim Raisi and his foreign minister died when their helicopter crashed as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters on Monday.

(Reporting by Dubai Newsroom, editing by Michael Georgy)

Factbox-What we know about the crashed helicopter carrying Iran's president May 19, 2024 11:46PM

By Gerry Doyle

(Reuters) - A Bell 212 helicopter carrying Iran's president and foreign minister crashed on Sunday, according to Iranian state media, as it flew through mountains in heavy fog. All are feared dead, an Iranian official said on Monday as search teams located the wreckage.

The civilian version of the ubiquitous Vietnam War-era UH-1N "Twin Huey," they are in wide use globally by both governments and private operators:

... (continue reading...)
Thai Q1 GDP grows 1.5% y/y, above forecast May 19, 2024 11:37PM

BANGKOK (Reuters) -Thailand's economy expanded 1.5% in the first quarter from a year earlier, official data showed on Monday, beating analysts' expectations.

On a quarterly basis, Southeast Asia's second-largest economy grew a seasonally adjusted 1.1% in the January-March quarter, data from the National Economic and Social Development Council (NESDC) showed.

Growth was driven by exports, private consumption and private investment, but... (continue reading...)

South Korea, UK to co-host second global AI summit as boom fans risks May 19, 2024 11:15PM

By Joyce Lee

SEOUL (Reuters) - South Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November leaves governments scrambling to keep up with a growing array of risks.

UK Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol will oversee a virtual summit on Tuesday, amid calls for better regulation of artificial... (continue reading...)

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