While the US and China have dominated the space sector for decades, Europe is carving out a niche for itself: small satellites in low-Earth orbit (LEO). One of the most promising startups in this space is Germany’s Rocket Factory Augsburg, which has just raised €30m from KKR, an American investment firm. The cash injection will […]
German rocket startup bags €30M as it eyes takeoff this year Leer más »
As July drew to a close, Getir announced plans to withdraw from three more markets. The Turkish rapid grocery delivery startup pulled out of Spain, Portugal, and Italy, in a move that reduced its European footprint to just four countries. It’s the latest chapter in a string of difficult encounters for the company and for
Why Europe’s grocery delivery space is in a state of flux Leer más »
When Monzo published its latest annual revenue figures in February, it provided a flicker of light after months of headlines about fintech down rounds and job cuts. The accounts showed that the UK digital bank was now profitable with a net operating income of £214.5 million (€249mn). The news will cheer up Monzo after seeing
European fintech players are bracing for market consolidation Leer más »
A bad week for Elon Musk just got even worse. After enduring a scandal over Tesla’s driving ranges, a risible rebrand of Twitter, and a divisive feud with hate-speech researchers, Musk discovered yet another powerful enemy: Agence France-Presse (AFP). The French news agency announced on Wednesday that it’s suing X — Musk’s new name for Twitter
France’s AFP sues Twitter over non-payments for displaying news Leer más »
The UK’s antitrust watchdog has called for more public input on Microsoft’s bid for Activision-Blizzard, renewing hopes that the deal will be approved. The Competition and Markets Authority (CMA) originally blocked the $69bn (€63bn) merger in April. At the time, the regulator cited concerns that Microsoft would gain an unfair edge in cloud gaming and
New hope for Microsoft-Activision deal after UK regulator reopens consultation Leer más »
The rapid rise of AI has evoked mixed feelings to say the least. Some experts champion it as a “force for good,” while others forewarn it poses a “risk of extinction.” To assess how European consumers feel about artificial intelligence, decision intelligence company Morning Consult Pro surveyed 1,000 adults in five major markets across the
European consumers believe society isn’t ready for AI, survey finds Leer más »
Since launching in 2009, VanMoof, known for its sleek, high-tech city bikes, developed an almost cult-like following — from the streets of Amsterdam to New York. Today, what was once the world’s most-funded ebike startup is bankrupt, leaving riders angry, loyal followers depressed, and the industry wondering — what’s next? Pretty much everyone and their
VanMoof: What startups can learn from the rise and fall of an ebike superstar Leer más »
German multi-modal travel unicorn Omio has teamed up with compatriot search engine Ecosia to create a tree-planting rail travel booking tool. It means users will be able to search and book train journeys through Ecosia’s website, powered by an API-integration with Omio’s travel platform. The booking platform will automatically pop up via a simple query
Berlin tech companies join forces to plant trees when you travel by train Leer más »
More than 1,500 developers in the UK are suing Apple over the company’s “excessive” App Store fees. The £785m (€912m) class action lawsuit is seeking compensation for the developers, who pay the iPhone-maker commissions of up to 30% for in-app payments. Companies and lawmakers around the world have lambasted the policy. Critics accuse Apple of
Apple hit with $1B UK lawsuit over ‘abusive pricing’ in App Store Leer más »
London-based startup accelerator Founders Factory has gained a new partner in the form of Mediobanca. The Milan-based investment bank is looking to increase its presence in the UK, and has pledged €12mn to the joint venture. Specifically, Mediobanca will be looking to back as many as 35 fintech startups that focus on technologies such as
Italy’s largest investment bank pledges to back UK fintech startups Leer más »
Getir’s woes are dragging on in Europe, raising concerns over the grocery delivery platform’s future in the region. On Wednesday, the Turkish-owned company started auctioning off parts of its equipment, as it closes down a number of its dark stores in the UK. The bidding closed on Thursday morning. The items, listed on the website
Getir sells off equipment, scrambles for funding amid financial woes Leer más »
The UK Space Agency has identified 11 critical technology areas to strengthen the country’s position in the space sector and enable further cooperation with international partners such as NASA, the ESA, and Japan’s JAXA. The technologies are listed in the agency’s newly-published Space Exploration Technology Roadmap, which will guide research, development, and future funding decisions
UK bets on 11 key technologies to boost its space sector Leer más »
