Numarics Raises €10 Million to Offer Small Businesses All-in-One Digital CFO Solution
Swiss fintech startup Numarics announced the raising of investment funds for 10 million euros following the results of the initial round of financing.
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Meta Loses EU Court Fight Over German Attack on Facebook
The social network Facebook, which is part of the Meta ownership structure, lose in the Supreme Court of the European Union for the cancellation of the German antitrust decision, which provided for a review of the business strategy of the American technology firm.
Apple Defies EU Over Antitrust Charges in Spotify Probe
Apple is preparing for a confrontation with European regulators.
Travel Tech UTU Raises $33M to Promote Tax-Free Shopping
Part of Series B funding was used by utu to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users
EU to Introduce Open Source Platform that Tracks Goods Throughout Supply Chain
The blockchain-based platform will enable brands to trace their products from their point of manufacture to their final destination and end customers in the EU
OpenAI Reportedly Lobbies for Amendments to EU’s AI Act
The media reports that OpenAI has successfully lobbied for changes to the legislation of the European Union on artificial intelligence.
Consumer Group Calls On EU to Investigate Risks of Generative AI
On Tuesday, June 20, the EU’s largest consumer group, BEUC, appealed to regulators to immediately begin investigating the potential risks of generative artificial intelligence.
ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide has announced the launch of its instant payment solution for merchants in the UK and Europe.
Alibaba to Bring Tmall eCommerce Site to Europe
Michael Evans, president of Alibaba Group, announced the intention of the Chinese e-commerce giant to launch its Tmall website in Europe.
Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
Nike Renews Relationships With Retailers in Shift From D2C Focus
Nike products will be available again in the warehouses of designer shoes.
B2B BNPL Provider Hokodo Acquires European Payments License
The B2B service provider Buy Now, Pay Later (BNPL) Hokodo has acquired a license, the presence of which grants the right to operate in all European financial markets.
EU Approves €8 Billion State Subsidies for Chip Research
In the European Union, it was decided to provide state subsidies in the amount of $8 billion to support research projects in the field of semiconductors.
European Tech Startup Funding to Drop 39%: Forecast & Implications
European tech startups are witnessing another tough year, the funding is steadily falling, largely due to a retreat from US investors
MiCA Now Officially Signed into Law
EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers
Currency One Announces Appeal Against Non-Final Judgement
A court case pending since October 2013, on the charges against Currency One SA brought by Cinkciarz.pl ended with the decision of the District Court of Poznan, which has not yet entered into force.
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