Middle East startups are growing fast, and that’s even before the flying taxis arrive

 The flight from Tehran to Dubai is about two hours, similar to the flight from New York to Chicago. The flight from Cairo to Beirut is one hour and 15 minutes. In more peaceful times, the drive from Beirut to Damascus in Syria would take you less than two hours. The interconnectedness of the Middle East / North Africa (MENA) region is apparent once you start travelling around —… Read More

Plug and Play launches a fintech accelerator in Paris

 Plug and Play is launching a new accelerator based in Paris. This time, the company is partnering with French bank BNP Paribas and focusing on fintech startups. The first batch of startups has just been picked. Plug and Play has launched multiple accelerators with a different business model than most accelerators. Instead of taking some equity in exchange of what you get from the… Read More

Excusez-moi monsieur, there’s an election in France. Why Canada should care

The pound depreciated with Brexit and the euro got dragged down. The possible effects of … Frexit? The Financial Post sat down with the CEO of Purpose Investments Som Seif to discuss the potential impact the election in France could have on global markets and the long term viability of the euro.

Cassini successfully dives between Saturn and its rings

 The veteran Cassini spacecraft has pulled off an impressive high speed manoeuvre: passing between the narrow gap between Saturn’s upper atmosphere and the planet’s rings, traveling at speeds of around 77,000mph. Read More

Scaleway thinks the future of cloud hosting is ARM-based servers

 Iliad’s cloud hosting division Scaleway is launching a new type of server today. In just a minute, you can launch your server with its own dedicated ARMv8 processor, 2GB of RAM, 50GB of SSD storage and unlimited bandwidth. And it only costs around $3.25 per month (€2.99).
If you’re not familiar with processor atchitecture, your computer and your smartphone use two different chipsets. Read More

UK government irate at Twitter’s surveillance API crackdown

 The UK government has criticized Twitter for restricting police and intelligence agency access to data which it says could be used to identify terrorist plots, according to the Telegraph newspaper. Read More

Snapay aims at the unbanked with an app which replaces cash

 There are two billion unbanked people in the world today. Unfortunately the banking industry isn’t very interested in these people, so they are forced to use cash. But even though 4.5 billion people have cell phones, including many of the unbanked, the distribution of access to cash via a mobile is at 1%, more or less. As you can see, there’s a problem to be solved here.… Read More