Europe

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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Revolut, the new-generation smartphone-based bank which is blowing up Europe right now, has confirmed its intention launch in the United States and Canada later this year, taking its interesting combination of personal banking, crypto wallet and fee-free stocks trading app to main-street North America. Co-founder and CEO Nik Storonsky said the company now has a
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European regulators have given the green light to Apple’s December 2017 acquisition of music and image recognition discovery firm Shazam. Apple Music is the second largest music streaming service in Europe, after Spotify . While Shazam offers what has been described as “a leading music recognition app” in the region (and globally). TechCrunch broke the
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Challenger bank N26 is launching a premium plan for professional accounts. N26 already had a free plan for freelancers and the self-employed, called N26 Business. N26 Business Black introduces the same perks as N26 Black, but for freelancers and the self-employed. The new plan costs the same for regular users and business users. The company
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The European Union is set to move ahead with a plan to enforce pan-European quotas on streaming services like Amazon Prime Video and Netflix to support production of locally produced film and video content. Roberto Viola, the European Commission’s directorate general of communication, networks, content and technology told Variety that the new rules are on track to be
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Wunder Mobility, the Hamburg-based startup that provides a range of mobility services, from carpooling to electric scooter rentals, has raised $30 million in Series B funding. The round was led by KCK Group, with participation from previous backer Blumberg Capital and other non-disclosed investors. The German company says the investment will be used to expand
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Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early investor
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