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DARK inventory skyrockets 43% in London debut

A demonstration of Darktrace cybersecurity software shows how a global problem can start with just one workstation for one employee.

Michael S. Williamson | The Washington Post | Getty Images

LONDON – British cybersecurity start-up Darktrace saw its shares surge up to 43% in its highly anticipated debut in London on Friday.

The company priced its shares at 250p on Friday morning. At that price, Darktrace was valued at £ 1.7 billion ($ 2.4 billion), the company said.

At around 8:15 a.m. London time, Darktrace shares soared over 358 pence, up 43%.

Darktrace said its offer would include approximately 66 million shares – or approximately 9.6% of Darktrace’s outstanding share capital – for a total of £ 165.1 million.

Of this, £ 143.4m will go to the company and £ 21.7m to existing shareholders. The company has announced that it will sell an additional 9.9 million shares if demand proves higher than expected.

Darktrace stock began trading conditional trades under the ticker “DARK” on Friday morning. Unconditional trading is expected to begin on May 6th.

It’s the second major test of London’s appetite for high-growth tech companies. Last month, Amazon-backed grocery shipping company Deliveroo flopped on its debut, tumbling as much as 30% on one of the worst London IPOs in history.

After Brexit, the UK is reforming its listing regime to attract companies like this. A government-commissioned review calls for a relaxation of the rules for two-class share structures and SPACs (Special Purpose Acquisition Companies).

London has had a busy year so far, with technical IPOs, with Deliveroo, Trustpilot and Moonpig going public. However, some investors fear that Deliveroo’s disappointing performance – over 32% below its IPO price – could deter other tech companies from listing in the city.

With a market cap of £ 1.7 billion, Darktrace was conservative on its IPO, compared to the valuation of up to $ 4 billion originally hoped for.

The company’s listing was followed by concerns about its close relationship with controversial UK tech entrepreneur Mike Lynch, who is fighting extradition to the US

Lynch is accused of fraudulently increasing the value of Autonomy, the software company he founded, on Hewlett Packard for nearly $ 11 billion in 2011. Lynch denies any wrongdoing.

Lynch’s Invoke Capital was an early investor in Darktrace. Poppy Gustafsson, CEO of Darktrace, and Nicole Eagan, Chief Strategy Officer, also worked at Autonomy. Darktrace says Lynch has no direct involvement in the day-to-day running of the company.

Founded in Cambridge in 2013 by a group of former intelligence experts and mathematicians, Darktrace uses artificial intelligence to detect and respond to cyber threats in a company’s IT systems. According to Crunchbase, a total of $ 230.5 million has been raised by investors to date.

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Biden Invitations South Korea’s President to White Home in Could

President Biden will meet with President Moon Jae-in of South Korea in Washington on May 21, the White House said Thursday.

“President Moon’s visit will highlight the iron alliance between the United States and the Republic of Korea and the broad and deep relationships between our governments, people and economies,” White House press secretary Jen Psaki said in a statement. “President Biden looks forward to working with President Moon to further strengthen our alliance and expand our close working relationship.”

In an interview with the New York Times published last week, Mr. Moon urged Mr. Biden to sit down with North Korea and start negotiations.

Mr Biden’s predecessor, Donald J. Trump, left office without removing a single North Korean nuclear warhead. Kim Jong-un, the leader of North Korea, has resumed weapons testing.

“He hit the bushes and didn’t manage to pull it off,” said Mr. Moon of Mr. Trump’s efforts on North Korea. “The most important starting point for both governments is to have the will to dialogue and to meet face to face early on.”

He also urged the United States to work with China on North Korea and other global issues like climate change. A deterioration in relations between the two countries could jeopardize the denuclearization negotiations, he warned.

Mr Biden met with Japanese Prime Minister Yoshihide Suga at the White House on April 16 to celebrate the first in-person visit by a foreign leader during his presidency.

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U.S. investigating peculiar assaults with hallmarks of ‘Havana syndrome’ close to White Home

View of the White House and South Lawn from a window in the Washington Monument, Washington, DC

Shannon Dunaway / EyeEm | EyeEm | Getty Images

WASHINGTON – Federal agencies are investigating at least two mysterious incidents on US soil with some characteristics of “Havana Syndrome”, invisible attacks by American diplomats based in Cuba.

House and Senate Armed Forces Committee lawmakers confirmed to NBC News Thursday that they were informed of the investigation in April. One of the unsolved attacks reported by CNN occurred near the Ellipse, the oval lawn south of the White House, in November. The person who fell sick from the attack is a National Security Council official, people told CNN.

Earlier Thursday, Avril Haines, director of the National Intelligence Service, told lawmakers that she would work to provide Congress with further information on such investigations after being asked about the reported attacks. But it was easy on the details because the information is classified.

“I fully understand that getting the information is important so that you can respond to these issues and make good decisions,” Haines US Senator Jeanne Shaheen, DN.H., said during a testimony before the Senate Armed Forces Committee.

“Obviously, our concern about classification is that it either protects sources and methods and is critical to our national security,” added Haines.

National Intelligence Directorate Avril Haines speaks during a Senate Intelligence Committee hearing on global threats on April 14, 2021 on Capitol Hill in Washington, DC.

Graeme Jennings | Pool | Reuters

In 2016, U.S. diplomats and their staff based in Havana reported hearing strange noises, steady pulses of pressure in their heads, and a range of other bizarre physical sensations. In some cases, diplomats noticed a severe deterioration in their hearing and eyesight.

Canadian diplomats serving missions in Havana also reported similar symptoms.

Doctors hired by the State Department said brain scans from 21 affected U.S. workers showed structural changes in the brain that were not identified or linked to a known disorder.

The Ministry of Foreign Affairs gradually evacuated most of its diplomatic staff from Havana until 2018.

Staff gather at the U.S. Embassy on September 29, 2017 in Havana, Cuba.

Sven Creutzmann | Mambo photo | Getty Images

In February, the State Department announced that while it is investigating the mysterious neurological symptoms reported by American diplomats in Cuba, it will appoint a new senior advisor to handle future incidents.

“This advisor will be positioned in a senior position and reporting directly to senior management of the department to ensure, as stated, that we continue to take significant steps to address this issue and to ensure that our employees receive the treatment they receive need.” State spokesman Ned Price told reporters on Feb.11.

“We have no higher priority than the safety of US personnel, their families and other US citizens, of course in this country and around the world,” he added at the time.

Price also said the investigation was a high priority for Secretary of State Antony Blinken and that the matter was one of the first briefings he requested from the transition team.

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Meet the Frogmouth, Instagram’s Most Photogenic Chook

Dr. Thömmes explained the IAA method as follows: Assume a photo is liked 12,425 times on Instagram. “That number alone doesn’t mean much, especially if we want to compare it to another photo,” she said. However, by “controlling reach and time,” she said, “we can determine, for example, that Photo X received 25 percent more likes than audience exposure alone can explain.”

Followers of the National Audubon Society’s Instagram account featured in the study often react to colorful bird species like owls and hummingbirds, said Preeti Desai, director of social media and storytelling for the society.

“We have always found that close-up shots of birds are the most popular with our followers,” said Ms. Desai, not seen in real life. “

Due to its plumage, the frog’s mouth has a knack for blending in with its surroundings. It camouflages itself when it sits on branches. Its name comes from its wide, flattened gap, which, like a marionette, can open wide and is therefore suitable for catching prey. Located primarily in Southeast Asia and Australia, the frogmouth is a somewhat sedentary bird, said Tim Snyder, the curator of birds at Chicago’s Brookfield Zoo, who currently has three tawny frogmouths in his care.

The tan frog’s mouth, which is directed forward – most of the bird’s eyes are on the sides of their head – makes them “more personable” and “more human,” he said.

“You always look angry,” said Mr. Snyder. “The look on their face just looks like they’re always frustrated or angry with you every time they look at you, and that’s just the makeup of the feathers and the way their eyes look and everything. It’s kind of fun. “

Jen Kottyan, bird collection and conservation manager at Maryland Zoo in Baltimore, calls it “dormant bird face.”

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S&P, Nasdaq 100 futures are larger after Apple & Fb beat estimates

US stock index futures were higher early Thursday morning after major averages posted losses the previous day.

Futures contracts linked to the Dow Jones Industrial Average gained 88 points. S&P 500 futures and Nasdaq 100 futures also traded in positive territory.

The strong quarterly results from Apple and Facebook have fueled the future. Sales rose 54% for the quarter, with each product category posting double-digit growth, according to Apple. The company also announced it would increase its dividend by 7% and approved share buybacks of $ 90 billion. Facebook revenue increased 48% due to more expensive ads. Apple shares rose more than 2% in after-hours trading, while Facebook rose 6.15%.

The main averages closed in the red during normal trading. The Dow lost 165 points and lost 0.48%. The S&P 500 hit a record high but failed to sustain those gains and closed 0.08% lower. The Nasdaq Composite was down 0.28%.

The Federal Reserve said Wednesday that it would keep interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there was some signs of froth in the market.

“Interest rates are unchanged for now, and despite the improvement in economic data, the cone talk was off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.

“As vaccination rates accelerate, employment boosts and expansive fiscal policies continue to support household and corporate incomes, investors are now looking for signs of whether the central bank’s safety net may be pulled out sooner than expected,” she added.

Thursday is the busiest day of the winning season. Around 11% of the S&P 500 is to be updated quarterly. Caterpillar, McDonald’s, Comcast, and Merck are among the names on deck before the market opens. Amazon, Gilead Sciences, Twitter, US Steel and Western Digital will publish quarterly results after the market closes.

According to Refinitiv, as of Wednesday morning, 86% of the S&P 500 components reported were above earnings estimates, with earnings 22.7% above expectations. In terms of sales, 77% of companies exceeded expectations.

The economic data released on Thursday will give investors a glimpse of the progress of the economic recovery. The first jobless claim numbers are released, with economists polled by Dow Jones expecting a pressure of 528,000. Pending home sales are also posted.

“The primary market trend remains positive,” said Keith Lerner, chief marketing strategist at Truist. “We expect a more troubled environment, however, as tensions between better economic growth and better earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.

Thursday marks the 100th day of President Joe Biden’s tenure. On Wednesday evening, he gave his first address to a joint congressional session where he unveiled his previously popular agenda, which included a $ 2 trillion infrastructure plan and a freshly unveiled $ 1.8 trillion plan for families, Includes children and students.

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Australia prioritizes Olympic-bound athletes for vaccines.

Australia will accelerate vaccinations for athletes and support workers participating in the Tokyo Olympic and Paralympic Games, the government said on Tuesday.

The contingent of around 2,000 people can be vaccinated in the second highest priority group in the country, at the same time as people aged 70 and over, rescue workers and people with existing diseases and disabilities.

Amid the sluggish introduction of the vaccine in the country, the announcement sparked some backlash. Critics have had problems with athletes receiving preferential treatment as some senior workers and other vulnerable individuals are still awaiting vaccines.

To date, Australia has only vaccinated about 7 percent of its population, largely due to supply issues and poor coordination between state and federal governments and clinics. Earlier this month, the rollout was further hampered when the government stopped recommending the AstraZeneca vaccine, the only vaccine the country makes domestically for people under 50. Two weeks ago, the government abandoned its original goal of vaccinating the entire population through the US at the end of the year.

Australian Sports Minister Richard Colbeck said in a statement on Tuesday afternoon: “Our athletes deserve the opportunity to compete.” He added that vulnerable Australians remain an “absolute priority” for the vaccine to be rolled out.

Australian Olympic Committee executive director Matt Carroll responded in a statement. “There will be hundreds of very grateful athletes, coaches and their families who will be relieved to know that their hard work over five years has paid off,” he said. “That extra layer of security is what they were looking for.”

On Wednesday, Mr. Carroll told reporters that the committee had hired a private contractor to carry out the vaccinations, which means “there is no burden on the public system at all”.

The rollout for the athletes and support staff is slated to begin next week, he added, noting that they would receive either the Pfizer vaccine for athletes under 50 or the AstraZeneca vaccine.

In other updates from around the world:

  • In the coming weeks, officials will be in Great Britain will announce a plan that will allow people to travel to selected countries without quarantining themselves upon return. The plan includes using a National Health Service app to check if travelers are getting a Covid-19 vaccination or have recently tested negative, Grant Shapps, the country’s transportation secretary, told Sky News. Civil society groups have raised concerns about vaccination records, saying that they could invade privacy or put certain marginalized communities at a disadvantage.

  • Andalusia, a region in the south Spain, said it would reopen travel across its eight provinces from midnight on Wednesday, part of a national plan to ease restrictions. The introduction of vaccines in Spain has accelerated in recent weeks. 23 percent of the population had at least one shot. Medical authorities in Seville, the capital of Andalusia, began offering the one-off Johnson & Johnson vaccine on Wednesday.

  • An aunt of Prime Minister Narendra Modi of India died after contracting the coronavirus in the west Indian state of Gujarat. Narmadaben Modi, 80, was hospitalized after her condition worsened 10 days ago and she was hospitalized, Prahlad Modi, Mr. Modi’s younger brother, told reporters. Gujarat is one of the Indian states where crematoriums run overnight to cope with the volume of corpses. It is widely believed that officials there underestimate the real number of deaths.

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S&P 500 is flat amid combined earnings outcomes, looming Fed resolution

US stocks were flat on Wednesday as investors digested key technology earnings and prepared for the recent Federal Reserve policy announcement.

The S&P 500 hovered over the flatline but hit a new intraday record at the beginning of the session. The Dow Jones Industrial Average lost 140 points, hurt by a 7% decline in Amgen stock. The Nasdaq Composite was up 0.1%.

Boeing lost about 2% after posting its sixth straight quarterly loss, which also weighed on the Dow.

The Google parent alphabet reported a better-than-expected result on Tuesday after the bell, sending the tech giant’s shares up more than 4%. Alphabet saw sales grow 34% year over year.

Meanwhile, Microsoft shares fell about 2.5% even after the company beat analyst earnings. Microsoft saw the largest revenue growth since 2018, in part due to the increase in PC sales due to the coronavirus-induced shortage last year.

AMD and Visa holdings were higher after results turned out to be better than expected.

The Fed concludes its two-day meeting on Wednesday. The central bank is not expected to take action, but economists expect it to defend its policy of temporarily heating inflation. Fed Chairman Jerome Powell will hold a press conference 30 minutes after the decision is announced at 2:30 p.m. ET. These comments could move the markets.

“Any advice given in the Board of Directors’ statement or in the subsequent press conference about a possible reduction in QE – when and how quickly – would likely move both the equity and bond markets,” said Paulsen.

Tech darlings Apple and Facebook will report their winnings on Wednesday after the bell.

“Lots of FAANGs are reporting this week and the stock market can wait for some of these key reports to be released before deciding on the next major direction,” said Jim Paulsen, Leuthold Group’s chief investment strategist.

On Tuesday, the most important averages around the flatline were traded. The Dow Jones Industrial Average only rose 3 points. The S&P 500 closed flat after hitting an all-time high on Monday. The Nasdaq Composite was the relative underperformer, falling 0.34% while Tesla fell 4.5%.

Elsewhere later on Wednesday, President Joe Biden will unveil a $ 1.8 trillion new spending and tax credit plan aimed at helping families. The Biden government’s new spending plan would raise the highest income tax rate for the richest Americans to 39.6% and raise capital gains taxes to 39.6% for households earning more than $ 1 million, according to senior government officials. Stocks had taken a hit last week when reports of the tax hike surfaced.

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Brexit Commerce Deal Will get a Last OK From E.U. Parliament

BRUSSELS – In the results published on Wednesday morning, the European Parliament voted by a large margin for the European Union to finally approve a Brexit agreement, which is already fraught with difficulties, complaints and judicial contestation.

The vote was 660 votes in favor, five against and 32 abstentions.

While the outcome was never really in doubt, Parliament raised serious concerns about the trustworthiness of the current UK government in carrying out in good faith the two key Brexit documents: the withdrawal agreement and the trade and cooperation agreement that has just been approved.

The latter agreement, which regulates trade and customs issues and does not provide for tariffs or quotas, has been applied since the beginning of the year under certain conditions. It was completed on Christmas Eve and ratified by the UK Parliament on December 30th. However, a negative vote by the European Parliament would have killed it and produced the “No Deal Brexit”, which neither side supported.

The European Parliament had postponed its vote to protest the UK’s dealings with Northern Ireland and the protocol that governs trade on the divided island. The UK’s actions are the source of a legal complaint filed by the European Commission, the bloc’s executive branch, after the UK unilaterally extended the grace period for failing to carry out controls on goods moving between Northern Ireland and the rest of the UK.

The two sides have not yet found a common basis for implementing the Northern Ireland Protocol, which aims to protect the internal market while avoiding a hard border with Ireland, a member of the European Union.

Suspicion ran through the debate. Christophe Hansen, a key Brexit legislator from Luxembourg, said a positive vote “should not be seen as a blank check to the UK government or a blind vote of confidence that it will implement the agreements between us in good faith, but it is over from our point of view more of an insurance policy. “

The trade and cooperation agreement, said Hansen, “will help us remind the UK of the commitments it has signed.”

Terry Reintke, a German Green lawmaker, said: “This deal is not a good one because Brexit is not a good one. The situation is also complicated because we cannot be sure how trustworthy the UK government really is. Still, this agreement can be a starting point to reconstruct what we lost with Brexit. “

Manfred Weber, a German who heads the largest party group, the center-right European People’s Party, has published it bluntly on Twitter. “We will vote for the TCA after Brexit,” he wrote, referring to the trade deal. “But we’re concerned about implementation because we don’t trust Boris Johnson’s administration.”

Many concerns have been expressed that the UK is abusing or undermining the complex rules governing fishing rights and the Northern Ireland Protocol.

David McAllister, a German lawmaker who is half Scottish, said some of the problems encountered so far were due to teething problems, but others were due to the type of Brexit Britain chose for itself, an increasing divergence from the European Union will mean internal market. This alone requires continuous discussion and the processing of areas that are excluded from the Brexit agreement, including financial services and foreign and security policy.

Brussels is determined to work on practical solutions between Northern Ireland, Ireland and mainland Britain. “But the protocol isn’t the problem, it’s the solution. The problem is called Brexit. “

Ursula von der Leyen, President of the European Commission, urged Parliament to ratify the agreement and promised that Brussels would use the dispute and enforcement mechanisms of the agreement to ensure UK compliance. If not, she said, she would not hesitate to impose punitive tariffs.

“The deal is tied to real teeth – with a binding dispute settlement mechanism and the possibility of unilateral corrective action if necessary,” she said. “We don’t want to have to use these tools. But we won’t hesitate to use them if necessary. “

Dissatisfied with Great Britain, Parliament had postponed ratification twice. However, conditional transposition would have expired at the end of April and Parliament eventually cast its vote.

After nearly five hours of debate on Tuesday, lawmakers, many of whom were in virtual attendance, voted remotely, with final totals not being released until Wednesday morning.

Michel Barnier, the EU’s chief negotiator with Great Britain, thanked the legislators for their diligence. He praised the deal but warned: “Everyone must take responsibility and respect what they have signed.”

But he summed up the feelings of many when he said: “This is a divorce, a warning and a failure, a failure of the European Union and we must learn from it.”

Ratification would mark a new chapter in relations with Britain, good or bad, said Ms. von der Leyen. She hoped that this would constitute “the basis of a strong and close partnership based on our common interests and values”.

The UK voted to leave the European Union in a referendum in June 2016 almost five years ago. The complications of Brexit and the ongoing struggles over its implementation have not least contributed to the discussion in the rest of the European Union about a similar outcome.

Monika Pronczuk contributed to the reporting.

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Asia-Pacific shares little modified as markets wrestle for route

SINGAPORE – Asia Pacific stocks barely changed on Wednesday morning, with major markets wrestling over direction.

In Japan, the Nikkei 225 fell slightly while the Topix index rose 0.2%.

Japan’s retail sales rose 5.2% year over year in March, according to the government. According to Reuters, this was higher than a median market forecast for growth of 4.7%.

South Korea’s Kospi slipped easily. The S & P / ASX 200 in Australia was down about 0.1%. Australia’s inflation data for the first quarter are expected. The consumer price index is expected to be released at 9:30 a.m. HK / SIN.

MSCI’s broadest index for stocks in the Asia-Pacific region outside of Japan was down 0.08%.

On corporate developments, investors will monitor Alibaba’s Hong Kong-listed shares after the Wall Street Journal reported that China is investigating how founder Jack Ma received swift approval to list the company last year.

The major indices on Wall Street were muted overnight in the US. The S&P 500 closed little changed at 4,186.72, while the Dow Jones Industrial Average also ended its trading day largely unchanged at 33,984.93. The Nasdaq Composite fell 0.34% to close at 14,090.22.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its peers, stood at 90.893 after hitting below 90.9 at the start of the trading week.

The Japanese yen was trading at 108.79 per dollar after weakening significantly below 108 against the greenback at the beginning of the trading week. The Australian dollar was trading at $ 0.7762 after yesterday’s drop of around $ 0.78.

Oil prices were higher on the morning of Asian trading hours and the international benchmark’s Brent crude oil futures rose 0.12% to $ 66.50 a barrel. US crude oil futures rose 0.13% to $ 63.02 a barrel.

Here’s a look at what’s on tap:

  • Australia: First quarter consumer price index at 9:30 am HK / SIN
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Jane Austen Museum to Handle Ties to Slavery

Austen’s novels are about a tight upper class of British society and are set in picturesque villages that are largely cut off from the problems of the outside world. “Jane Austen is now standing on a pedestal as an expression of something delightful, comforting, beautiful, clever,” said Paula Marantz Cohen, English professor and dean of Honors College at Drexel University in Philadelphia. Many of her fans, she said, want to enjoy her stories about a simpler time and place.

Some Austen scholars say passages in her novels “Emma” and “Mansfield Park” suggest that she supports abolitionism, others say it is unclear. Few of her letters survived. But her favorite authors – Samuel Johnson, Thomas Clarkson, and William Cowper – were abolitionists. Nevertheless, like almost all English families of all kinds in the 18th century, her family had ties to the slave trade, according to “Jane Austen: A Life”, a book by Claire Tomalin.

Addressing the issue of slavery, Sherard Cowper Coles, President of the Jane Austen Society, said, “This is England’s story and as we understand it we should relate and update it.”

But Mr Cowper Coles, a former diplomat who was Britain’s special envoy to Afghanistan and Pakistan in 2009-10, warned: “It is not fair to expect people to have awareness outside of their time. But even in our time we are aware of slavery and live with its consequences in Minneapolis and in many other places. “

Frances Brook, a tour guide in England who has taken groups to Austen sites, said she was in favor of the museum that presented more context about Austen’s time, but that it would have “woken up” to judge her for wearing cotton and taking sugar in their tea -is gone a little too far. “Like the rest of us, Austen did things in her everyday life that contradicted her broader views of the world,” said Ms. Brook, who last visited the museum in 2017.

Prof Johnson, of Princeton, said the museum’s attempt to add context to Austen’s life would not suppress readers’ enthusiasm for her.

“Just because you involve Austen in the mess of the story doesn’t mean you don’t love her,” she said.