German rocket startup bags €30M as it eyes takeoff this year
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…
Why Europe’s grocery delivery space is in a state of flux
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…
European fintech players are bracing for market consolidation
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…
France’s AFP sues Twitter over non-payments for displaying news
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…
New hope for Microsoft-Activision deal after UK regulator reopens consultation
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…
European consumers believe society isn’t ready for AI, survey finds
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…
VanMoof: What startups can learn from the rise and fall of an ebike superstar
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…
Berlin tech companies join forces to plant trees when you travel by train
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…
Apple hit with $1B UK lawsuit over ‘abusive pricing’ in App Store
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…
Italy’s largest investment bank pledges to back UK fintech startups
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…
Getir sells off equipment, scrambles for funding amid financial woes
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,…
UK bets on 11 key technologies to boost its space sector
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…
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