Raises

Some in party are delighted by leader’s tack rightwards but opponents have savoured latest Conservative controversyThere was a moment in the middle of this week when a news alert raised eyebrows among the politically committed. It read: “Kemi Badenoch: Former neo-Nazi candidate would just be sorting out bins.” It was a collection of words that might prompt palpitations in the most sanguine of communications professionals, followed by panicked advice that retreat was necessary. But as a deeply weird week for the Conservative party came to a close on Friday, its leader appeared adamant she would hold the line.With Badenoch accused of aping Reform UK on policy and purging centrists from her party in recent weeks, her decision to stand by a man who was jailed after creating sexualised images of a Jewish MP and calling her a “rodent” has prompted concerns about the leader of the opposition’s political antennae and the Tories’ wider strategy. Continue reading...

• Hadrian has raised $1.37 billion in a Series D funding round to develop "Factories of the Future." • This investment has significantly increased the company's valuation to $7.87 billion. • The funding is intended to scale advanced manufacturing capabilities and automate the production of critical aerospace and defense components.

• Index Ventures has raised approximately €1.7 billion ($2 billion) in new funding, increasing its total investing capital to nearly €3 billion. • The fundraise coincides with the 30th anniversary of the firm, which was founded in 1996 to support entrepreneurs across seed, venture, and growth stages. • This capital expansion strengthens the firm's ability to back high-profile portfolio companies such as Adyen, Figma, Revolut, Robinhood, and Wiz.

• Economist Levious Chaukura has warned that a surge of counterfeit products flooding Zimbabwe's informal market poses a direct threat to the national economy. • The influx of fake goods is stifling the growth of locally produced products and undermining domestic industries. • Chaukura emphasizes that this issue extends beyond economic crime, endangering consumer safety, national development, and existing jobs.

• K-pop group BTS has announced they will not submit any music for consideration at the 2027 Grammy Awards. • The decision follows the Recording Academy's recent addition of a specific "Asian pop" category to the awards line-up. • This move highlights ongoing tensions regarding how the Grammys recognize K-pop, a genre that maintains a massive global following but has historically been under-celebrated by the institution.

• Lam Research reported record fiscal fourth-quarter results on July 29, accompanied by stronger-than-expected future guidance. • The company's growth is driven by surging demand for artificial intelligence, which is accelerating global investments in semiconductor manufacturing equipment. • This trend is fueling expansion across Lam Research's core business segments, specifically in etching, deposition, and related services.

• London-based startup Inforcer has raised $50 million in a Series C funding round led by Insight Partners to help small businesses manage AI and cybersecurity risks. • Since launching in 2023, the company has focused on product development, including a "Shadow AI" detection tool to identify unauthorized AI usage on corporate devices. • The funding follows rapid evolutions in cyber threats, prompting Inforcer to launch a real-time threat detection and response tool to mitigate security vulnerabilities.