European startup raises €57M to scale ion-trap quantum computers European quantum computing startup raises €57M to scale ion-trap systems, warns of encryption risks and eyes industrial use by 2029–2030 with …
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Business
Germany secures EU approval for €659 million semiconductor production subsidies
by Leo Müllerby Leo MüllerEU Approves €659 Million in German Semiconductor Subsidies, Majority for Aachen Fab EU approves €659m German semiconductor subsidies to back new fabs in Aachen and Itzehoe, with clawback rules and …
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Business
Inflexion acquires German medtech Primed from Paragon Partners for €300 million
by Leo Müllerby Leo MüllerInflexion acquires Primed in roughly €300 million deal Inflexion buys German medtech Primed for about €300 million, aiming to speed product development and expand Primed’s presence in hospitals across 70 …
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Illegal betting drains €300–400 million from World Cup wagers as consumer protection falters Illegal betting siphoned €300–400 million from about €1 billion wagered during the World Cup, exposing consumer protection …
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World
Israel’s security ministry transfers 4 million shekels to sanctioned settler group
by anna walterby anna walterIsrael’s Ministry of National Security to transfer 4 million shekels to sanctioned settler group Ahavat Gilad Israel’s Ministry of National Security will transfer 4 million shekels to sanctioned settler group …
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Business
Deutsche Bahn launches Kiana assistant, invests €50 million in AI
by Leo Müllerby Leo MüllerDeutsche Bahn customer communication overhaul: €50m investment and AI assistant Kiana unveiled Deutsche Bahn customer communication will be upgraded with a €50 million IT and AI investment, a new multilingual …
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Technology
Yosemite announces first close of $350 million oncology fund backing AI-driven drug discovery
by Helga Moritzby Helga MoritzYosemite venture firm closes first close of second fund, eyes AI-driven oncology breakthroughs Yosemite venture firm secures first close of a $350M-target fund, using AI and philanthropy to build oncology …
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World
UAE oil production surges to record 4.1 million bpd after OPEC exit
by anna walterby anna walterUAE oil production hits record 4.1 million bpd in June as Abu Dhabi exits Opec UAE oil production hit a record 4.1 million barrels per day in June after Abu …
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IEA Says Global Oil Demand to Fall by About One Million Barrels a Day in 2026 IEA warns global oil demand will fall by about 1 million barrels a day …
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Business
Proxima Fusion closes record €411 million funding round, valued €2.4 billion
by Leo Müllerby Leo MüllerProxima Fusion Raises €411 Million in Record Round, Becomes Europe’s Most Valuable Fusion Company Proxima Fusion raises €411M at a €2.4B valuation, attracting RWE and Google as investors and funding …