Europe

When Cleo, the London-based “digital assistant” that wants to replace your banking apps, quietly entered the U.S., the company couldn’t have expected to be an instant hit. Many better-funded British startups have failed to “break America.” However, just four months later, the fintech upstart counts 350,000 users across the pond — claiming more than 600,000
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More consolidation is afoot in the world of cloud-based voice services. Today, Vonage — once a VoIP pioneer that today offers cloud-based unified communications and other IP services in the business market — announced that it would acquire NewVoiceMedia, a UK startup that builds cloud-based contact center solutions, for $350 million in cash. Vonage says
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The European Union’s competition commission is looking into how Amazon uses data from retailers selling via its ecommerce marketplace, Reuters reports. Competition commissioner Margrethe Vestager revealed the action today during a press conference. “We are gathering information on the issue and we have sent quite a number of questionnaires to market participants in order to
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Apple has finished wiring billions of euros to pay back illegal tax benefits to the Irish government according to Reuters. Overall, Apple has paid $15.3 billion (€13.1 billion) for the original fine as well as $1.4 billion (€1.2 billion) in interests. In August 2016 the European Commission ruled that Apple benefited from illegal tax benefits
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A multi-month investigation by Sweden’s Medical Products Agency into a number of unwanted pregnancies among users of ‘digital contraception’ app Natural Cycles has been closed after the startup agreed to clarify the risk of the product failing. But, on the self-reported data front, the agency said it was satisfied the number of unwanted pregnancies is in line
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The European Parliament has just voted to back controversial proposals to reform online copyright — including supporting an extension to cover snippets of publishers content (Article 11), and to make platforms that hold significant amounts of content liable for copyright violations by their users (Article 13). Today’s plenary vote in the European parliament was on
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The European Union’s executive body is doubling down on its push for platforms to pre-filter the Internet, publishing a proposal today for all websites to monitor uploads in order to be able to quickly remove terrorist uploads. The Commission handed platforms an informal one-hour rule for removing terrorist content back in March. It’s now proposing turning
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Google’s lawyers are in Europe’s top court today arguing against applying the region’s so-called ‘right to be forgotten’ ruling globally domains, rather only geo-limiting delistings to European sub-domains (as it does now). The original rtbf ruling was also a European Court of Justice (ECJ) decision. Back in 2014 the court ruled search engines must respect Europeans’ privacy
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Evaneos, the online marketplace for tailor-made travel experiences, has picked up $80 million in Series D funding. Leading the round is Partech, and Level Equity, with participation from Quadrille Capital, and existing backers XAnge, Serena Capital, and Bpifrance. The injection of cash is to be used to international development, including increasing headcount from the current
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In what looks like an undeniably good strategic fit, U.K.-based business reporting software startup Supdate has been acquired by equity crowdfunding platform Crowdcube. Terms of the deal remain undisclosed, although I’m told it was an all-cash acquisition. I understand that Crowdcube is essentially buying the Supdate user base and tech/IP, and that Supdate founder Duane
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European Union lawmakers are facing a major vote on digital copyright reform proposals on Wednesday — a process that has set the Internet’s hair fully on fire. Here’s a run down of the issues and what’s at stake… Article 13 The most controversial component of the proposals concerns user-generated content platforms such as YouTube, and
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