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Peter Thiel-backed digital bank N26 raises another $100 million, bracing for coronavirus uncertainty

Peter Thiel-backed digital bank N26 raises another $100 million, bracing for coronavirus uncertainty

Finance
N26's logo seen displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesGerman digital bank N26 has raised an additional $ 100 million in funding, as it braces for economic uncertainty from the coronavirus pandemic.The investment, backed by existing investors such as Chinese tech giant Tencent and Peter Thiel's Valar Ventures, is an extension to the company's Series D investment round announced early last year. It brings the total raised in that round to $ 570 million, while the company has now raised $ 770 million to date.N26 already topped up its Series D round with another $ 170 million in July. The startup's valuation remains unchanged at $ 3.5 billion despite the injection of new capital, but co-founder and CEO Valentin Stalf still believes it w...
Bubba Wallace: Kyle Larson deserves another chance after using racial slur

Bubba Wallace: Kyle Larson deserves another chance after using racial slur

Sports
April 16 (UPI) -- Bubba Wallace, the only African American driver competing in the NASCAR Cup Series, believes Kyle Larson deserves a second chance after he used a racial slur during a virtual race. Larson was competing in Sunday's eNASCAR iRacing event when he appeared to lose communication with his spotter on his headset. During a microphone check, Larson said, "You can't hear me?" That comment was followed by the "N-word." The event was live-streamed, making the slur audible for other competitors and viewers. Larson issued a public apology Monday, saying there was "no excuse" for the racial language. Later Monday, his three main sponsors in the Cup Series ended their relationships with him. On Tuesday, Chip Ganassi Racing announced it fired Larson, leaving him without a team to drive...

Sports news LIVE: Premier League talks ongoing with PFA over pay cuts, McGregor lashes out at Chinese government, Anthony Yarde loses another family member

Sports
[unable to retrieve full-text content]We will bring you all the latest sports news and updates on how the coronavirus outbreak continues to affect the sporting calendar.. Headlines: Premier League chiefs reportedly tell players that clubs stand to lose £1.1billion from coronavirus pandemic, no agreement on wage cuts yet Chris Wilder launches passionate defence of Premier League players amid mounting […] talkSPORT
If coronavirus fears escalate, Wells Fargo warns 10-year Treasury yields could fall another 30%

If coronavirus fears escalate, Wells Fargo warns 10-year Treasury yields could fall another 30%

Finance
Wells Fargo Securities' Michael Schumacher expects the bond rush to intensify.According to the firm's global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower.The benchmark 10-year Treasury Note yield is already down 22% so far this year."Our big concern is that investors get more and more nervous," Schumacher told CNBC's "Trading Nation" on Friday. "We would say that probably the last 25 to 30 basis points mainly in the 10-year is largely due to the virus."On Friday, the 10-year yield hit a low of 1.50% — its lowest level since early September."It's really a function of the news flow coming out of China in the near-term," he said.If the coronavirus situation continues to deteriorate, Schumac
What will happen to oil if there is another war?

What will happen to oil if there is another war?

Business
Mitch Kahn remembers how, when fighting began in the second war in Iraq, prices for US crude oil spiked $ 10 per barrel overnight. That would have meant a profit of $ 50,000 if a trader had made the smallest purchasing trade possible. Or, just as big a loss if the trader had decided to sell. Mr Kahn was working as an independent trader on the New York Mercantile Exchange (NYMEX) on Vesey Street in downtown Manhattan, where crude oil, gas and heating oil were traded downstairs and precious metals were traded upstairs.In 2004, when the second war in Iraq broke out, prices were decided by open outcry: the shouts and yells of (mostly) men who stood in a ring. Some bought, some sold, the price settled between what sellers and buyers were offering. The ring go...