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Schaeffler and Spire pair up to build sovereign European satellites in Germany

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 […]

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Vučić flew to Beijing for a $1.1bn Chinese investment, while Belgrade burned

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 […]

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ECB tells eurozone banks to tighten cyber-security as AI shifts the threat picture

The European Central Bank has formally told eurozone banks they must tighten their cyber-security posture in response to AI-led attack tools, in a follow-up statement issued on Wednesday that turns earlier private guidance into something closer to a supervisory expectation. The ECB’s vice-chair of the Single Supervisory Mechanism, Frank Elderson, framed the shift in language […]

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Europe’s push to loosen Big Tech’s grip runs into Europe’s own divisions

The Tech Sovereignty Package arrives on Wednesday, but the EU is still arguing internally over what ‘digital sovereignty’ should actually require. The European Commission is preparing to publish its Tech Sovereignty Package on Wednesday afternoon, the most concentrated single attempt yet to reduce European reliance on American cloud, AI and chip infrastructure. The package, according […]

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The Netherlands just blocked a US company from buying the cloud provider that runs Dutch digital identity

The Dutch government has imposed a “complete prohibition” on the acquisition of Solvinity, a Dutch cloud provider, by Kyndryl, the American IT infrastructure company spun out of IBM in 2021. The deal, valued at roughly €100 million, would have given a US-headquartered firm control over the platform that runs DigiD, the digital identity system used […]

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Brussels plans to ringfence two-thirds of EU mobile-satellite spectrum for European firms

The proposal expected to be announced on Wednesday would leave Starlink and Amazon’s Kuiper able to bid only for the remaining third of the bloc’s 2 GHz mobile-satellite band. The European Commission is preparing to reserve two-thirds of the bloc’s future mobile-satellite-services spectrum for European operators, leaving Starlink, Amazon’s Project Kuiper and other non-EU companies […]

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Spain blocks Polymarket and Kalshi over missing gambling licences

A three-to-four month suspension while Madrid’s gambling watchdog investigates makes Spain the latest European jurisdiction to treat prediction markets as unlicensed betting. Spain has temporarily blocked the US-based prediction markets Polymarket and Kalshi for operating in the country without a gambling licence, according to an order published in the Spanish state gazette on Tuesday by […]

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Brussels prepares biggest-ever DMA penalty for Google

The European Commission is preparing to fine Google a sum running into the high hundreds of millions of euros for breaching the Digital Markets Act, according to a Handelsblatt report on Monday, in what would be the largest penalty ever issued under the bloc’s new tech competition regime. The Commission’s case rests on the long-running complaint that […]

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Why EU business AI adoption is rising and still not catching up

Eurostat published  last December a release that, on a different continent, would have been front-page news. They were saying that 20% of European Union enterprises with at least ten employees now used artificial intelligence in some part of their business, up from 13.5 per cent the year before. A jump of six and a half […]

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Ericsson is leaving Kista for central Stockholm, in the largest office lease in Swedish history

The 71,000-square-metre Hagastaden campus, signed with Atrium Ljungberg and Castellum, ends more than two decades in the suburb once branded Sweden’s Silicon Valley. Ericsson is moving its global headquarters out of Kista. The Swedish telecoms-equipment maker said on Monday that, starting in 2028, it will gradually relocate its Stockholm operations, including the HQ, R&D functions, […]

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