Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.
Tags: Europe
European Union Strengthens Defense, Plans 5 Billion Euro Fund
The European Union revealed its plan to invest EUR 5 billion for a common defense fund. The funding will strengthen the continent’s military capabilities and let the governments invest on military research.
Top Car Companies To Fund Car Charging Points
Volkswagen, its Audi and Porsche luxury brands, BMW, Daimler, and Ford’s European division have joined forces to build more electric car charging sites across Europe. The joint venture wants to create 400 charging sites next year in order to boost the demand on electric vehicles.
European Leaders Divided Whether To Enter Deals With Trump Or Not
As the new administration in United States assumes office, the European Allies were divided to whether or not they would enter into deals with the recently-elected American President.
Gap Between Poor And Rich In Europe Widens, Still One Not-so-Good Brexit Vote Aftermath
The Gap between the poor and rich people in Europe still continues to widen. The gap between richer and poorer regions of euro-zone countries has increased since the financial crisis.
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Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
In the wake of Brussels attack, more European countries are considering making new policies that would legally require tech companies to hand over encrypted information when needed. That will affect tech companies around the world as Apple is pushing forward to fight back in the U.S. as well as in Europe.
France’s data protection authority CNIL fined U.S. tech giant Google for failing to comply with the European top court’s ruling for the “right to be forgotten”. Google has implemented the ruling in Europe, however, the authority demanded that the ruling applied worldwide.
Drug makers Sanofi and Merck & Co. will part ways by the end of the year sealing their partnership for the European vaccines joint venture. Sales has been declining and both companies agreed it is better if they were better off running their own businesses.
An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.
Google’s Digital News Initiative (DNI) program has just granted more than $30 million to selected projects in 23 European countries. It’s the first batch of the long-term $170 million project to help stimulate innovation in digital journalism.
Last week, Google announced to invest $30 million to news organizations in Europe. This is a part of the Digital News Initiative plan launched by the Internet giant.
The leading steel company, ArcelorMittal, has no option but to raise money to pay off its huge debts. The company has resorted to issuing shares and selling off its minority stake in Gestamp, the Spanish auto-parts manufacturing company. The decision should fetch Lakshmi Mittal almost $4 billion - $3 billion from share issue and $1 billion from Gestamp - and reduce the debt burden to some extent.
Facebook announced its plan to open the second data center in Clonee, Ireland. By opening the Clonee center, the company is joining a list of companies like Google, Apple, Microsoft and Amazon, which operate some of the European centers in the nation.
