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India startup raising funds at $8b valuation

Bloomberg Byju’s is raising about $300 million in a funding round led by New York-based Tiger Global Management, securing new capital at a valuation of $8 billion for the online education startup’s global expansion. Tiger has invested about $150 million in Byju-parent Think and Learn Pvt, according to people familiar with the deal. Existing investors will likely contribute about the ...

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France pulls retirement age from pension reform plan

Bloomberg The French government signalled it’s prepared to scrap an effort to raise the age at which workers can retire with full benefits to 64 in a bid to get the country’s moderate unions on board with president Emmanuel Macron’s pension reform plan. “I am prepared to withdraw from the bill the short-term measure which I had proposed, consisting of ...

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GM set to revive Hummer brand

Bloomberg General Motors Co is moving forward with plans to revive its polarising Hummer brand, this time as an electric truck instead of an emblem of gasoline consumption, according to people familiar with the matter. The Detroit automaker plans to debut a pickup around 2022 with boxy styling cues reminiscent of the Hummers of yore, one of the people said. ...

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