It’s a question as old as the tech industry itself: can Europe compete with Silicon Valley? This reared up again in my mind for two main reasons. The first is the recent(-ish) shift of Big Tech into being media entities. And the second? That’s Spotify’s struggles as a European stalwart in this field. Let’s consider […]
Europe’s battle against the rising media power of Silicon Valley Leer más »
Nokia has taken legal action against Amazon and HP over their alleged “unauthorised use” of the company’s video streaming-related technologies. In a blogpost, Nokia’s Chief Licencing Officer Arvin Patel alleged that Amazon Prime Video and Amazon’s streaming devices infringe a number of the company’s multimedia patents, including video compression, content recommendation and delivery, and aspects
Nokia sues Amazon, HP over video patent infringement Leer más »
Amazon has announced the launch of independent cloud services for Europe, in what seems to be an attempt to allay fears over EU data sovereignty. The tech giant will be rolling out the Amazon Web Services (AWS) European Sovereign Cloud, which is especially designed for public sector customers and private companies operating in highly-regulated industries.
Amazon to launch ‘sovereign’ European cloud amid data privacy concerns Leer más »
Google has agreed to pay German publishers €3.2mn per year for publishing their content on its News search engine. The compensation is part of an interim agreement between the tech giant and Corint Media, pending a decision by the German Patent and Trademark Office (DPMA), which will determine the final (and potentially higher) amount. Corint
Google to pay €3.2M yearly fee to German news publishers Leer más »
The UK’s competition watchdog (CMA) has opened an investigation into Amazon’s and Microsoft’s cloud services after concerns over their dominant position in the market. The move follows a study by telecoms regulator Ofcom, which “identified features that make it more difficult for UK businesses to switch and use multiple cloud suppliers,” mainly concerning the two
UK investigates Amazon, Microsoft cloud services over market dominance concerns Leer más »
JPMorgan’s digital bank Chase will restrict all cryptocurrency-related transactions for its customers in the UK, as lenders step up measures to tackle fraud on their networks. Starting 16 October, customers of Chase Bank in the UK will no longer be able to make crypto transactions using their debit cards or through outgoing bank transfers. Chase,
JPMorgan’s Chase UK bans crypto transactions amid surge in scams Leer más »
The EU Commission has blocked Booking’s €1.6bn takeover of Swedish online travel agency Etraveli, citing competition concerns. “Booking’s acquisition of Etraveli would strengthen Booking’s dominant position in the online travel agencies market and likely lead to higher costs for hotels and, possibly, consumers,” said Didier Reynders, Commissioner for Justice. According to the Commission, Booking is
EU blocks Booking’s €1.6B takeover of online travel agency Etraveli Leer más »
Fintech funding in Europe has been greatly affected by the challenging economic environment, the latest report by Finch Capital has found. Specifically, startups in the sector raised a total of €4.6bn in the first half of 2023 — down 70% from €15.3bn in H1 2022. “Since mid-2022 we have seen an increase in investment discipline
European fintech funding drops 70% in first half of 2023 Leer más »
The European Commission has named today six tech giants whose market power it aims to control through its Digital Markets Act (DMA) — a landmark pro-competition regulation, designed to ensure a fair and open digital market for both companies and consumers. The six companies are designated as “gatekeepers” of the EU’s digital market. This means
EU’s new digital market rules target Meta, Google, 4 more tech giants Leer más »
After being banned from Belgium in June, the world’s largest cryptocurrency exchange platform, Binance, has resumed operations in the country by redirecting customers through its entity in Poland. Binance said its Polish division would comply with the “regulatory obligations” for residents of Belgium, who can now expect an uninterrupted experience on the crypto exchange platform.
Crypto giant Binance sidesteps Belgium ban by redirecting users to Poland Leer más »
There seems to be no end in sight for Getir’s woes in Europe. Following exits from multiple markets, the rapid grocery delivery platform is now reducing operations in the Netherlands as well. The Turkish startup is set to close four dark stores in Amsterdam, the company told local paper Het Parool. This is a result
Getir shuts down Amsterdam dark stores, withdraws from 6 Dutch cities Leer más »
The UK has devised a novel solution for a funding gap: more funding. In a bid to strengthen the country’s financial sector, up to £1bn (€1.2bn) has been allocated to a new investment vehicle for fintech firms. Named the FinTech Growth Fund, the scheme will invest predominantly in companies between Series B and pre-IPO, with the aim
New £1B fintech fund aims to plug UK’s £2B funding gap Leer más »
