Baby Food Shortage In Europe Due To China Demand

Lego already debuted its own take on the divisive Tesla Cybertruck design, but theirs was purely for the lols. This Lego Cybertruck, however, submitted to the official Lego Ideas crowdsourcing website, is actually a remarkably faithful representation, and comes completely with fully articulating tailgate and ‘frunk’ (front truck, for the uninitiated). The design, by Lego Ideas user ‘BrickinNick,’ recreates the throwback polygonal cyberpunk aesthetic of the actual Cybertruck remarkably well, and BrickinNick says that it could be adapted to have even more moving parts, including opening passenger doors, a slide-out ramp and maybe even a companion Tesla ATV kit so you can replicate the stage demo in even more detail.

Rocket Lab launched its 10th Electron spacecraft on Friday morning, successfully delivering payloads for clients Spaceflight and Alba Orbital. The launch company also had an important secondary mission for this launch: Testing out the guidance, control and navigation systems of their first stage rocket recovery system. Rocket Lab announced earlier this year that it would be aiming to convert its Electron launch system into a partially reusable one, after initially designing and operating it as a one-time use launcher and spacecraft.

Style Theory, a platform for renting designer apparel in Indonesia and Singapore, announced today it has raised $15 million in Series B funding. The startup says this is the first closing of the round. It was led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group, with participation from other investors including Alpha JWC Ventures and the Paradise Group. Both SoftBank Ventures Asia and Alpha JWC Ventures are returning investors and previously participated in Style Theory’s Series A. Founded in 2016 by Raena Lim and Chris Halim to counteract the waste created by fast fashion, Style Theory currently has more than 50,000 pieces of clothing and 2,000 designer bags in its inventory.

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also to expand a product and engineering hub based out of Detroit. Vroom is based out of New York but operates across the US, and its platform has to date been used by more than 250,000 buyers and sellers, according to the company.

Netflix continues to bet heavily on India, one of the world’s largest entertainment markets where it competes with more than three dozen rivals including Disney. Reed Hastings, the chief executive of Netflix, said on Friday that the company is on track to spend 30,000 million Indian rupees, or $420.5 million, on producing and licensing content in India this year and the next. “This year and next year, we plan to spend about Rs 3,000 crores developing and licensing content and you will start to see a lot of stuff hit the screens,” he said at a conference in New Delhi. The rare revelation today has quickly become the talk of the town. “This is significantly higher than what we have invested in content over the past years,” an executive at one of the top five rival services told TechCrunch.

European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed by the technology. In a joint statement the European Council and Commission write that “no global ‘stablecoin’ arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed”. The statement includes recognition of potential benefits of the crypto technology, such as cheaper and faster payments across borders, but says they pose “multifaceted challenges and risks related for example to consumer protection, privacy, taxation, cyber security and operational resilience, money laundering, terrorism financing, market integrity, governance and legal certainty”. “When a ‘stablecoin’ initiative has the potential to reach a global scale, these concerns are likely to be amplified and new potential risks to monetary sovereignty, monetary policy, the safety and efficiency of payment systems, financial stability, and fair competition can arise,” they add. All options are being left open to ensure effective regulation, per the statement, with ministers and commissioners stating this should include “any measures to prevent the creation of unmanageable risks by certain global “stablecoins”.” The new European Commission is already working on a regulation for global stablecoins, per Reuters. In a speech at a press conference, Commission VP Valdis Dombrovskis, said: “Today the Ecofin endorsed a joint statement with the Commission on stablecoins. These are part of a much broader universe of crypto assets.