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Europe’s tech start-up scene has a problem: almost all of its funding is going toward men.

A new report from venture capital firm Atomico found 93 percent of the money invested into European tech start-ups in 2018 went to companies with all-male founding teams.

The report paints a bleak picture for female entrepreneurs in Europe with no progress in the data over the past five years.

“It’s clear that the European tech ecosystem has a challenge around diversity and inclusion,” Tom Wehmeier, partner and head of research at Atomico who authored the report, told CNBC last week.

Atomico’s report, which surveyed 5,000 founders, investors and tech sector employees across Europe, showed discrepancies in perception versus reality around gender discrimination. While nearly 90 percent of respondents said having a diverse team benefits company performance, nearly half of the women who responded said they had experienced discrimination while working in the European tech industry.

“I don’t know, to be honest, any friend of mine who is a founder or entrepreneur who is female who would say I never experienced this,” Tugce Bulut, founder and CEO of London-based market research start-up Streetbees, told CNBC on Thursday.

Bulut said she has experienced discrimination in a variety of forms, from inappropriate comments to dismissive behavior. She said part of the problem is that women are not encouraged to be as “pushy” as men from an early age, which can result in a lack of confidence and entrepreneurship.

“That has a snowball effect over years,” Bulut said.

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Washington said to urge Beijing for a stable currency in trade talks



The United States is reportedly asking China to address the value of the its currency as part of the trade deal.

The move would be aimed at mediating any effort by the Chinese to devalue the yuan to counter American tariffs, people familiar with the situation told Bloomberg News. The Trump administration has insisted that moves to devalue the yuan to buoy Chinese exports would be countered with additional or more severe American tariffs, sources told Bloomberg News.

Representatives for the two nations resumed overall trade discussions on Tuesday, with follow-up sessions at a higher level scheduled for later in the week, the White House said Monday. Though last week’s deliberations that ended in Beijing concluded without a deal, officials said progress was made on some contentious issues.

U.S. stocks extended their gains Tuesday after President Donald Trump said that the March deadline is not a “magical date,” suggesting the cutoff could be adjusted.

Still, current talks are aimed at “achieving needed structural changes in China that affect trade between the United States and China. The two sides will also discuss China’s pledge to purchase a substantial amount of goods and services from the United States,” the White House said in a statement.

Meetings between the top brass will start on Thursday and be led by U.S. Trade Representative Robert Lighthizer, a vocal advocate of pressing China to end practices that the U.S. says include forced technology transfers and intellectual property theft.

As of the latest reading, one U.S. dollar is currently worth 6.75 Chinese yuan, down from highs above 6.9 in November. The U.S. Trade Representative’s office, which is spearheading trade talks with China, did not immediately respond to CNBC’s request for comment.

Beijing least year reintroduced measures to stabilize its managed currency, including a calculation method called the counter-cyclical factor (CCF), aimed at keeping the yuan’s daily midpoint fixed to a relatively stable value. But China has faced international pressure in the past for what many deemed unfair manipulation of its currency. Many U.S. economists argue that China’s tampering in years past gave their exports a boost as a weaker yuan made Chinese exports less expensive.

— Click here to read the original Bloomberg News report.

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Stocks in Asia trade higher; yuan jumps



U.S. President Donald Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date." A report also said the U.S. is requesting that China keep the yuan stable as part of the trade deal.

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Dollar slips on US-China trade hopes, Swedish crown sags



The dollar on Tuesday fell against a basket of other currencies as traders scaled back their safe-haven greenback holdings on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict.

The dollar index hit a near two-month peak on Friday after last week’s set of negotiations in Beijing failed to result in a deal, although officials from both sides said the talks had produced progress on contentious issues.

“We are hoping to hear more positive news on trade,” said Dean Popplewell, chief currency strategist at Oanda in Toronto. “The dollar should come under pressure as it loses some safe-haven appeal.”

The ICE index, which tracks the dollar against six other major currencies, was down 0.41 percent at 96.50.

On Friday, it hit 97.368, which was the highest since Dec. 17. U.S. financial markets were closed on Monday for the Presidents Day holiday.

Among other major currencies, the Swedish crown tumbled after weak inflation data spurred sales of the currency and a paring of bets that interest rates would rise this year.

Last week, the crown rose after Sweden’s central bank broke with growing caution among major monetary-policy makers, saying it would stick to its plan to raise rates in the second half of 2019.

The currency plunged more than 1 percent to a two-year low against the dollar at 9.4180, after a report showed inflation slowed in January.

Against the euro, it was headed for its biggest daily decline in more than 15 months. It touched 10.621, its weakest since September.

The euro appreciated against the dollar on trade optimism. It reversed earlier losses after data showed Italian industrial orders dropped 5.3 percent in December from a year earlier.

Euro zone bond yields, notably those of German bunds, fell amid the cloudy European economic outlook, weighing on the euro. When European Central Bank policymakers meet on March 7, they are expected to lower growth and inflation projections.

The euro was up 0.32 percent at $1.1344, holding above a three-month low of $1.1234 set last week.

The single currency, however, fell against the British pound as data showed domestic workers’ salaries held at its fastest pace in a decade in late 2018.

The euro was 0.62 percent lower at 86.99 pence, while the pound was up 1.15 percent at $1.307. The sterling’s gains were limited ahead of British Prime Minister’s Theresa May’s meeting with the EU to find a way to get their Brexit deal through the UK parliament.

The Chinese yuan reached a two-week high against the dollar on Tuesday following a Bloomberg TV report that said the United States is pressing to secure a pledge from China that it will not devalue its yuan as a part of a trade deal.

At 3:00 p.m. EST, the yuan was up 0.14 percent at 6.756 per dollar in offshore trading, EBS data showed. Earlier, the Chinese currency hit 6.7497, which was its strongest against the greenback since Feb. 4.

WATCH: Twelve US execs explain how Trump’s trade war affects their bottom lines

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