Grab launches new consumer financial services, including micro-investments and loans – TechCrunch

Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program.

Based in Singapore, Grab began in 2012 as a ride-hailing company before expanding into on-demand deliveries and other services. In January 2019, it formed a joint venture with ZhongAn Insurance to build a digital insurance marketplace. Since then, its financial services portfolio has grown through a series of partnerships and the acquisition of Bento, which allowed it to offer investment and wealth management services as well.

In February, Grab announced that it had raised up to $856 million to speed up development of its payments and financial services.

Yesterday, Bloomberg reported that Grab raised $200 billion from South Korean private equity firm Stic, bringing its total funding so far to more than $10 billion at

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How to activate and use Color Picker in Windows 10 PowerToys

Identifying any color displayed on a screen is not as easy as it sounds. That once laborious process has been simplified with Windows 10 PowerToys Color Picker.

Image: scyther5, Getty Images/iStockphoto

Version 0.20.0 of Windows 10 PowerToys adds a new utility to its set of featured applications. The Color Picker allows you to quickly find the specific and unique identifying information for any color displayed on your computer screen. That information is copied to your Windows 10 clipboard where it can be retrieved later.

For developers, graphic artists, photographers, marketers, and many others, knowing the precise identification information for a particular color is vital. For consumers, blue is blue, but for the creators and developers there are thousands of shades of blue. Color Picker allows these creators a simple way to consistently use the right shade of blue.

This how-to tutorial shows you how to activate and use the Color

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The Linux Foundation announces collective to enhance open source software security

The newly formed Open Source Security Foundation includes titans in technology such as Google, Intel, Microsoft, IBM, and more.

Image: Getty Images/iStockphoto

Open-source code has become  integral for global organizations across. In 2019, Red Hat’s initial State of Enterprise Open Source survey found that 69% of IT professionals surveyed believed open-source software to be very important or extremely important. In the 2020 Red Hat survey, more than three-quarters (77%) of IT leaders believed the use of open source solutions in the enterprise will continue to see growth.

Today, the creation of the Open Source Security Foundation (OpenSSF). The newly formed organization is intended to unite leaders across industries to enhance open-source software (OSS) security. To do so, this multi-industry collaborative will focus on creating “targeted initiatives,” streamlining recommended best practices, and more. Overall, the partnership involves efforts from major players in the tech industry including IBM, Google, GitHub,

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Pompeo says U.S. may take action against TikTok and other Chinese tech companies “shortly” – TechCrunch

Days after President Donald Trump announced he could use an executive order to ban TikTok from the United States, Secretary of State Michael Pompeo said the administration is “closing in on a solution and I think you’ll see the president’s announcement shortly.”

In an interview on Fox News’ “Sunday Morning Futures” host Maria Bartiromo, Pompeo also said that the Trump administration may take action against other Chinese tech companies doing business in the U.S., claiming that some are “feeding data directly to the Chinese Communist Party.”

Beijing-based ByteDance, TikTok’s owner, is currently in talks with Microsoft to sell its TikTok business in the U.S. and several other countries to the American tech giant. The negotiations have taken on more urgency over the last two weeks as the Trump administration issued escalating statements about the popular app.

Microsoft said on Sunday that it is in discussions to buy TikTok’s operations in

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Astronauts successfully depart the ISS aboard SpaceX Dragon, starting their trip home – TechCrunch

NASA astronauts Bob Behnken and Doug Hurley have successfully undocked from the International Space Station, which is the first crucial stage of their return to Earth. Next, they’ll travel on a coast phase that will take them on a descent course back through the atmosphere from space, shedding speed as they prepare to deploy the parachutes of the SpaceX Crew Dragon spacecraft and drop into the Atlantic Ocean for recovery.

The undocking, coast and splashdown phase are all meant to be performed entirely via automation, with the control systems SpaceX designed for Crew Dragon managing the entire process, including burns to control the capsule’s travel away from the Station and its controlled descent through the atmosphere. While re-entering the atmosphere, the Dragon will undergo tremendous stress, and its angle of descent is intended to slow its velocity to the point where it can safely deploy those parachutes to slow its

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Trump told reporters he will use executive power to ban TikTok – TechCrunch

President Donald Trump said he could act to ban the world’s most popular short video app TikTok from the US as early as Saturday, according to The Hill.

The president said he could use “emergency economic powers or an executive order” to bar TikTok from the US, he told reporters aboard Air Force One on Friday.

The news came hours after reports broke that Microsoft was in talks to buy TikTok. Investors are reportedly valuing three-year-old TikTok at $50 billion. In his remark on Friday, Trump signaled he was not supportive of allowing an American company to acquire TikTok.

On the same day, Bloomberg reported that Trump could order ByteDance to divest its ownership of TikTok.

In response to Trump’s decision, TikTok, as usual, tried to make a case that it’s in the interest of the US to keep the app and it poses no national security threat:

“100

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