A global benchmark of App Economy performance

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The outbreak of COVID-19 has upended economies throughout the world, including the App Economy. A multitude of government measures aimed at halting the spread of the COVID-19 virus, from social distancing and shelter-in-place to lockdowns and travel restrictions, have caused major disruption as countries around the world rally to halt the virus’ impact.

While the App trends 2020 report focuses on long-term trends based on data from 2019, it includes an analysis from data gathered in Q1 2020 to provide some perspective of how COVID-19  has affected the App Economy so far.

Gaming

Perhaps to no surprise, Gaming has seen

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Venture firm Benchmark raises new fund without early Uber investor: source

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FILE PHOTO: Bill Gurley, General Partner at Benchmark, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday.

Benchmark is raising a $425 million 10th fund, the person said, after a long track record of early backing for major tech firms such as eBay Inc and Twitter Inc.

But

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Brent crude benchmark drops as demand worries outweigh output cut

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LONDON (Reuters) – Benchmark Brent oil prices turned negative on Monday, erasing gains made after major producers agreed record global output cuts, pressured by concerns that the cuts will not be sufficient to reduce a glut as the coronavirus pandemic hammers demand.

After four days of wrangling, the OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries, Russia and other countries, agreed to cut output by 9.7 million barrels per day (bpd) in May and June, representing about 10% of global supply.

Brent crude LCOc1 futures were down 26 cents, or 0.8%, at $31.22 a barrel

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Brent crude benchmark drops about 2% despite historic output cut

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LONDON (Reuters) – Benchmark Brent oil prices turned negative on Monday, erasing gains made after major producers agreed record global output cuts, pressured by concerns that the cuts will not be sufficient to reduce a glut as the coronavirus pandemic hammers demand.

After four days of wrangling, the OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries, Russia and other countries, agreed to cut output by 9.7 million barrels per day (bpd) in May and June, representing about 10% of global supply.

Brent crude LCOc1 futures were down 60 cents, or 1.9%, at $30.88 a barrel

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