Business services startup Pleo, which offers expense management tools and smart company cards for small to medium-sized businesses (SMBs), has secured $200 million in a Series C round at a $4.7 billion valuation, nearly triple its previous value. The Danish startup previously joined the unicorn...
The European Union plans to make a multibillion-euro investment in technology development by sinking money into blockchain, data infrastructure and high-performance computing, according to a Bloomberg report Wednesday (Sept. 15). The effort in several European countries is part of an initiative to spur semiconductor manufacturing...
Despite new rules from the European Union to stop nonessential travel from the U.S., the region isn’t rushing to block tourism from America, The Wall Street Journal (WSJ) reported. While the EU’s recommendations are not binding, the major tourist destinations in places like Spain and...
The European Commission is busy forming a Joint Cyber Unit that will help to deal with rising cybercrime, according to a press release. It will handle cases involving people, businesses and public services, the release stated. Cybersecurity has become a threat around the world as...
The European Systemic Risk Board (ESRB) is cautioning that there could be an onslaught of insolvencies unless the European Union (EU) pivots from loan support to debt restructuring and other efforts to help companies stay afloat. An ESRB report on Wednesday (April 28) outlined the...
Google is calling on the United States to join a Technology and Trade Council (TTC) that was recently proposed by the European Commission. “An expedited high-level trade dialogue on technology issues is critical to avoid unilateral approaches on pressing issues like data flows that are...
The eurozone, facing high unemployment rates in an attempt to keep the pandemic contained, has economists convinced a double-dip economic recession is coming, the Financial Times (FT) reported. Spain is facing five-year unemployment highs, FT reported, adding the country’s numbers rose 44,436 compared to the...
The European Commission and the European Central Bank (ECB) have released a joint statement saying they’re considering beginning work on a digital euro. The statement said both entities are “pursuing their efforts towards ensuring a strong and vibrant European digital finance sector and a well-integrated...
The European Commission said in a report that it is working on a plan to speed up vaccinations and testing to help end the pandemic faster. The report opens with the position that this year will mark “the beginning of the end” of the pandemic,...
