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Germany to face delay in payment of €5.5b in EU climate funding

Germany to face delay in payment of €5.5b in EU climate funding

Germany could receive billions in European Union climate funding later than planned after it missed a deadline for accessing funding worth €5.3 billion, reported dpa. The government in Berlin had until Monday to submit a proposal to the European...

Europe sees huge interests in AI gigafactories

Europe sees huge interests in AI gigafactories

In sum, what to know: 76 proposals across 60 sites – The European Commission received 76 expressions of interest for AI gigafactories in 16 member states, far exceeding expectations. Over 3 million GPUs planned – Respondents outlined plans to...

EU prolongs economic sanctions against Russia

EU prolongs economic sanctions against Russia

European Union ministers renewed on June 30 the EU restrictive measures in view of the Russian Federation’s continuing actions destabilising the situation in Ukraine for a further six months, until January 31 2026, a statement by the Council of...

Nordic makes double swoop for US IoT duo to set-up as one-stop for AIoT

Nordic makes double swoop for US IoT duo to set-up as one-stop for AIoT

Nordic Semiconductor has acquired Memfault and Neuton.AI to deliver a one-stop full-stack solution for IoT development and lifecycle management, combined with new on-device edge AI (AIoT; tinyML) capabilities – signaling a strategic shift from...

Spain and World Bank in push for wider use of 'debt swaps'

Spain and World Bank in push for wider use of 'debt swaps'

SEVILLE/LONDON - Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via debt "swaps," the country's Ministry of Economy said on Tuesday. With rich governments cutting official...

Spain's BBVA has upheld its takeover offer for Sabadell for $13 billion

Spain's BBVA has upheld its takeover offer for Sabadell for $13 billion

AK&M 01 July 2025 18:10 The Spanish multinational financial company Banco Bilbao Vizcaya Argentaria SA (BBVA SA) has upheld the takeover offer of Banco Sabadell SA despite the decision of the Spanish government to suspend the merger for several...

Europe looks east to counter Trump’s tariffs and fear of Russia

Europe looks east to counter Trump’s tariffs and fear of Russia

The Australian business mission spent 10 days speaking to officials, politicians and business leaders in France, Germany, Austria, Poland and the UK. It included members from the mining, farming, education and financial services sectors. Loading...

Italy to admit 500,000 non-EU workers

Italy to admit 500,000 non-EU workers

People walk along Maqueda street, in Palermo, Italy, May 14, 2025. [Photo/Agencies] The Italian government has announced it intends to issue nearly 500,000 new work visas for non-European Union nationals during the next three years in an effort to...

Britain’s housing crisis won’t be fixed overnight – but this is the decade we change it, writes Angela Rayner

Britain’s housing crisis won’t be fixed overnight – but this is the decade we change it, writes Angela Rayner

1 July 2025, 22:30 | Updated: 1 July 2025, 22:39 Britain’s housing crisis won’t be fixed overnight – but this is the decade we change it. Picture: LBC/Alamy The housing crisis has been decades in the making and has held back countless lives and...

European Programmatic Media Service Cognitive AI Launches In APAC

European Programmatic Media Service Cognitive AI Launches In APAC

Cognitive AI, a European programmatic media service, continues its global expansion after it announced the opening of its new office in Singapore. The Italian tech and media company has appointed Rohan Lightfoot to lead its operations across the...

Spain and Brazil push global action to tax super rich inequalities and brake

Spain and Brazil push global action to tax super rich inequalities and brake

Presented during the United Nations 4th international conference on financing for developersT, which takes place this week in Seville, the proposal highlights an increasing problem: the richest individuals often contribute less to public finances...

Germany arrests Danish national suspected of spying on Jewish targets for Iran

Germany arrests Danish national suspected of spying on Jewish targets for Iran

A Danish national has been arrested in Denmark on suspicion of spying for Iran by collecting information on Jewish sites and individuals in Berlin, and will be extradited to Germany, German and Danish authorities said on Tuesday. German...

Spain Approves €351 Million Extra Investment for Airports Including Palma de Mallorca, Valencia, Bilbao, Alicante and Málaga

Spain Approves €351 Million Extra Investment for Airports Including Palma de Mallorca, Valencia, Bilbao, Alicante and Málaga

The Spanish Council of Ministers has approved an additional €351 million investment to accelerate key upgrades at airports across the country, supplementing the current Airport Regulation Document (DORA II) covering 2022–2026. This funding will...

Germany’s Deutsche Bank targets 2026 launch for crypto custody services

Germany’s Deutsche Bank targets 2026 launch for crypto custody services

Global banking institutions are stepping deeper into crypto, and among them, Germany’s Deutsche Bank is laying out timelines for launching its new services. According to a Tuesday Bloomberg report, the Frankfurt-based institution is gearing up to...

European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

Money markets platform Spiko is tapping into Chainlink’s cross-chain interoperability protocol to enable multichain access to over $380 million in regulated on-chain funds. The European fintech announced on July 1, 2025, noting that it was...

Europe Sees Dangerous Heat Wave as North America Sets 3,000 Temperature Records

Europe Sees Dangerous Heat Wave as North America Sets 3,000 Temperature Records

Honest, paywall-free news is rare. Please support our boldly independent journalism with a donation of any size. A heat wave is raising temperatures to dangerous levels across much of Europe, just days after a heat wave in North America saw over...

Poland eyes border checks with Lithuania amid migrant pressure, but Vilnius left in the dark

Poland eyes border checks with Lithuania amid migrant pressure, but Vilnius left in the dark

Polish Prime Minister Donald Tusk said on June 30 that his government is considering reintroducing border controls with Lithuania in response to increased concerns about irregular migration. Lithuanian authorities, however, say they have not been...

EU countries extend economic sanctions against Russia

EU countries extend economic sanctions against Russia

Brussels, July 1, (dpa/GNA) – The European Union has extended its current tough economic sanctions against Russia until January 31, 2026, due to a lack of progress over peace in Ukraine. These are existing measures, and are separate to an 18th...

H-Hour: Russia’s War Against Europe

H-Hour: Russia’s War Against Europe

4Last year, during a working-level exchange with officials from NATO Headquarters, I received a response to an assertion found in one of the Centre for “XXI Strategy”’s studies—something that might seem self-evident in the eleventh year of...

European fintech M&A surges in 2025 on wave of consolidation

European fintech M&A surges in 2025 on wave of consolidation

European fintech M&A is surging in 2025, with disclosed deal value for $100 million-plus transactions reaching $3.9 billion in H1 2025, almost double the total recorded for all of 2024. The data, released by investment bank Artis Partners based on...

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