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Fintech Fundbox raises $176mn to lend to businesses using AI

Bloomberg Fintech Fundbox Inc has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company was expected to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose ...

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VW chairman, CEO charged with market manipulation

Bloomberg Volkswagen AG’s two top leaders, Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the diesel-emission scandal. Former CEO Martin Winterkorn was also charged in the case, according to the indictment filed by Braunschweig prosecutors. The shares fell as much as ...

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Trump ordered delay in $400m military aid to Ukraine before call

Bloomberg President Donald Trump ordered his acting chief of staff to delay sending $400 million in military aid to Ukraine at least a week before he spoke to that country’s president, a person familiar with the matter said. Donald Trump’s July 25 telephone call with the new Ukrainian president, Volodymyr Zelenskiy, is the subject of a congressional investigation and is ...

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