Author: Press Room

Seksan Mongkhonkhamsao | Moment | Getty ImagesFrench accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.Pennylane told CNBC that it raised the fresh funds from a host of venture funds, with Sequoia Capital leading the round and Alphabet’s CapitalG, Meritech and DST Global also participating.Founded in 2020, Pennylane sells what it calls an “all-in-one” accounting platform that’s used by accountants and other financial professionals.The platform is primarily targeted toward small to medium-sized firms, offering tools for functions spanning expensing, invoicing, cash flow management and financial forecasting.”We came…

Palestinian officials identified the 14-year-old US citizen as Omar Mohammed Rabea.A Palestinian-American teenager has been shot and killed by an Israeli Jewish settler in the occupied West Bank, Palestinian authorities have said. Palestinian officials identified the 14-year-old as Omar Mohammed Rabea and said he was near a settlement in Turmus Aya when the settler opened fire. There have been sharp rises in settler violence, incursions, attacks and arson against Palestinians and their property in the territory since Israel’s war in Gaza began. The Israeli army has also been carrying out a sustained assault on the territory in various cities and…

The following is the transcript of an interview with Sen. John Barrasso, Republican of Wyoming, that aired on “Face the Nation with Margaret Brennan” on April 6, 2025.MARGARET BRENNAN: We’re joined now by one of the top Republicans in the Senate, Wyoming’s John Barrasso, the whip. Good to have you here in person Senator.SEN. JOHN BARRASSO: Thanks. Great to be with you.MARGARET BRENNAN: So I want to ask you about what the Secretary just laid out. He did not describe this as leverage to get to a deal. He said this, take them literally. The tariffs are here to stay.…

A meat cleaver-wielding man was shot by police in New York City after officers said he stabbed four young girls inside a home on Sunday morning. The New York City Police Department (NYPD) said officers responded to a “heartbreaking” 911 call at a home in the Bensonhurt neighborhood in southern Brooklyn around 10:30 a.m. for reports of an assault in progress.Police said one of the children, an 11-year-old, called 911 and said she and her siblings had been stabbed by her uncle, Jessica Tisch, NYPD commissioner, shared during the press conference. “The 11-year-old 911 caller, who herself was a victim, hid in…

Giant, a play that explores the dark side of children’s writer Roald Dahl, has won three Oliver Awards, including best actor for Hollywood star John Lithgow.

PROMOTING UNIQUENESS OF DESTINATION Sharing the spoils of – and the responsibilities for – Thailand’s burgeoning tourism industry is an important consideration for the authorities, said Noor Ahmad Hamid, chief executive of the Pacific Asia Travel Association, a membership association that promotes the responsible development of travel and tourism in the Asia Pacific.  “Developing secondary destinations is not just a short-term tourism strategy, it is essential for Thailand’s long-term tourism sustainability,” he said. It is why Hua Hin’s airport development is a key piece of infrastructure.  Niti Vongvichasvadi, director of the Tourism Authority of Thailand’s (TAT) Prachuap Khiri Khan office,…

U.S. employers accelerated hiring in March, a surprising show of strength that analysts warned might be the high-water mark for the labor market as the Trump administration’s economic policies began to play out.Employers added 228,000 jobs last month, the Labor Department reported on Friday, a figure that was far more than expected and was up from a revised total of 117,000 in February. The unemployment rate rose to 4.2 percent, from 4.1 percent.The data, based on surveys of households and businesses conducted in the second week of March, do not reflect the sweeping tariff announcement that rattled markets this week,…

In the crypto market, few projects have sparked the excitement that Mutuum Finance (MUTM) is generating right now. With its innovative DeFi lending solutions, MUTM is being compared to Cardano (ADA) for its disruptive potential. Much like how Cardano revolutionized blockchain with its focus on scalability and sustainability, Mutuum Finance (MUTM),  going through its fourth funding phase while demonstrating rapid growth at a price point of $0.025 has managed to secure over $6.1 million from investors. Over 7800 holders have entered the Mutuum Finance (MUTM) presale during phase 4 due to the system plans to raise its price from $0.025…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.More than 300 arm’s-length bodies will be considered for abolition or merger under UK government plans to cut waste and restore ministerial control over swaths of policy areas. Cabinet Office minister Pat McFadden has written to Whitehall departments demanding they justify the existence of every quango — a quasi-autonomous non-governmental organisation — to which decisions are currently outsourced, with a view to closing superfluous agencies and bringing responsibility for decisions back in-house. He is expected to announce the first targets to be…

Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.Large institutional investors are studying options to shed stakes in illiquid private equity funds after the rout in global financial markets pummelled their portfolios, according to top private capital advisers.The calls by pensions and endowments seeking ways to exit their investments, probably at discounts to their stated value, are a bad sign for the $4tn buyout industry. Industry giants such as Blackstone, KKR and Carlyle all saw their stocks plunge by about a fifth in value this week.The race to find liquidity…