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The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by 2030 as lenders push […]
The Temu fine, the second-ever DSA penalty after X’s €120M in December, gives the EU’s online-safety regime its first major Chinese-platform enforcement case. The European Commission has fined Temu, the Chinese e-commerce platform owned by PDD Holdings, €200m (roughly $232m) under the Digital Services Act for failing to prevent the sale of unsafe products to […]
AtlasEdge, the European data-centre operator jointly owned by Liberty Global and DigitalBridge, has secured roughly $1.2bn in debt financing to scale its data-centre footprint across the continent, according to a Bloomberg report on Thursday. The facility is the largest single financing AtlasEdge has raised since its 2021 formation and lands in a stretch of unusually […]
A new report on the French tech ecosystem by Alexandre Dewez, a partner at venture firm 20VC, paints a picture of a startup scene that is growing more dependent on a handful of AI companies while the rest of the market stalls. French startups raised €6.7 billion across 411 funding rounds in 2025, a 5% decline in […]
Dutch financial crime investigators have seized 800 servers and arrested two men in a crackdown on hosting companies that provided infrastructure for Russian state-sponsored cyberattacks across Europe. The Dutch Fiscal Information and Investigation Service (FIOD) raided two data centres last week and shut down servers operated by WorkTitans and MIRhosting, two companies suspected of violating […]
NATO has signed strategic cybersecurity partnerships with Microsoft, Palo Alto Networks, and ESET, formalising what the alliance describes as non-commercial agreements to strengthen collective resilience in cyberspace. The partnerships were announced on 27 May at the International Conference on Cyber Conflict (CyCon) in Tallinn, Estonia, the annual gathering organised by NATO’s Cooperative Cyber Defence Centre of […]
Berlin and Madrid are resisting the European Commission’s push for binding legislation on Huawei and ZTE, citing Beijing-retaliation risk and the cost of AI-infrastructure build-out. Germany and Spain are leading opposition inside the European Council to the European Commission’s draft plan to ban Huawei and ZTE equipment from EU telecom networks at the bloc level. […]
The 80-year-old bearings maker and the US-listed satellite firm have signed an MoU to industrialise Spire’s 100-satellite-a-year Munich plant for European defence customers. Schaeffler AG, the German precision-engineering company best known for the bearings inside almost every aircraft engine and Ariane rocket, has signed a memorandum of understanding with US-listed satellite firm Spire Global to […]
China’s $1.1bn AI, robotics and EV package for Serbia lands four days after 34,000 protesters filled the capital demanding early elections. Brussels has yet to develop a coherent response to either. On Saturday, tens of thousands of Serbians filled the centre of Belgrade in what police estimated as a 34,300-person rally demanding early elections, accountability […]