Monthly Archives: August 2022

Kli Capital transitions from family office to institutional VC for $50 million Fund III

When Elias Davis joined Kli Capital in 2018 it was your average family office headed up by a former tech entrepreneur looking to opportunistically back a new fleet of founders. Kli, launched by dot-com darling Ice.com founder Shmuel Gniwisch, had been cutting checks for two years when Davis arrived, and its casual investing strategy was…

Videos show devastating floods in Pakistan that have swept whole buildings away and killed over 1,000 people since June

Pakistan climate minister Sherry Rehman shared footage of flooding in Pakistan’s Khyber Pakhtunkhwa region Saturday. Sherry Rehman Monsoon rains have hit Pakistan since mid-June, leading to floods and humanitarian disaster. Over 1,000 people have died in the floods, government officials said Sunday. Large parts of Pakistan remain submerged as heavy rains continue. Pakistan is deep…

Europe may be forced to ration energy for years and it’s a ‘fantasy’ to think it will be easy, Shell CEO says

Ben van Beurden Benoit Tessier/Reuters Europe’s energy crisis may force the continent to ration access to energy for several years, the CEO of Shell said.  Europe could face “a number of winters ” that rationing and finding alternative solutions may be necessary. Russia’s cuts to natural gas have strained supplies ahead of key winter months….

China’s military says its strategic bombers and new aerial tankers are part of ‘regular’ patrols near Taiwan

H-6K bombers take part in a military parade in China’s Inner Mongolia Autonomous Region for the 90th birthday of Chinese People’s Liberation Army on July 30, 2017. Photo by Cui Nan/CHINA NEWS SERVICE/VCG via Getty Images H-6K bombers have done “countless” operations near Taiwan in recent years, Chinese air force spokesman says. The remarks came…