Economy

Bill Gates Backs Mantle8’s Mission to Revolutionize Hydrogen Discovery with €3.4M Investment

Bill Gates Backs Mantle8’s Mission to Revolutionize Hyd...

Hydrogen has long been considered a key player in the global shift towards clean energy, with its potential to replace fossil fuels in industries such as transportation, steel production, and energy storage. While much of the hydrogen today...

KOA Biotech Secures €2 Million to Combat Fish Farm Infections with Advanced Biosensors

KOA Biotech Secures €2 Million to Combat Fish Farm Infe...

Barcelona-based KOA Biotech has successfully closed a €2 million funding round to enhance its innovative biosensor technology aimed at detecting and preventing waterborne infections in fish farms. The investment, led by Swanlaab Innvierte A...

Startup Burnout: How Bench Exhausted $135 Million and Crumbled Under Debt

Startup Burnout: How Bench Exhausted $135 Million and C...

Bench, a Canada-based startup that provided cloud accounting software for small businesses, officially shut down after more than a decade of financial struggles. Newly revealed bankruptcy filings outline the company’s collapse, attributing ...

IONATE Secures €16.3 Million to Advance Global Energy Grid Modernization

IONATE Secures €16.3 Million to Advance Global Energy G...

IONATE, the London-based DeepTech startup focused on developing hardware and software solutions for smart electricity grids, has raised €16.3 million in a Series A funding round. The round was led by AlbionVC and included participation from...

Hitachi Ventures Launches $400 Million Fund Targeting AI, Fusion, and More

Hitachi Ventures Launches $400 Million Fund Targeting A...

Hitachi Ventures has unveiled its fourth fund, securing $400 million to expand investments across emerging technologies such as energy, AI, biotech, and manufacturing. The fund demonstrates continued interest in deep tech sectors, closely m...

Shein, Temu, and AliExpress Face Threat: U.S. Targets Chinese Firms with New Tariff Move

Shein, Temu, and AliExpress Face Threat: U.S. Targets C...

Donald Trump is once again targeting global trade policies, with a specific focus on closing a long-standing loophole that has allowed platforms like Shein and Temu to flourish. His proposed executive order, which includes a 10% tariff on C...

Shell Moves Forward with Jackdaw Gas Platform Despite Court-Ordered Drilling Ban

Shell Moves Forward with Jackdaw Gas Platform Despite C...

Shell is continuing preparations for the installation of its multi-billion-pound Jackdaw gas platform in the North Sea this spring, despite a court decision that temporarily blocks drilling operations. The Jackdaw field, which could potenti...

TIKA Establishes Science and Language Labs at Albanian Regional School

TIKA Establishes Science and Language Labs at Albanian ...

The Turkish Cooperation and Coordination Agency (TIKA) has completed the installation of biology, chemistry, and foreign language laboratories at the “Bido Sejko” Regional School in Konispol, Albania. The project is part of TIKA’s ongoing e...

Minimum Wages Across EU Nations See Varying Increases in 2025

Minimum Wages Across EU Nations See Varying Increases i...

As the European Union moves through 2025, minimum wages across member states display a range of growth rates, largely influenced by national economic conditions and inflation trends. The most notable increases have been observed in some Cen...

Tether to Invest Half of $13.7 Billion Profit in AI and El Salvador's Landmark Tower

Tether to Invest Half of $13.7 Billion Profit in AI and...

Tether has revealed an impressive $13.7 billion profit for 2024, solidifying its position as the world’s largest stablecoin issuer. With 400 million users globally, the company is now preparing to channel half of this profit into strategic ...

Logent Expands European Presence with New Production Logistics Site in Belgium

Logent Expands European Presence with New Production Lo...

Logent has taken a decisive step in its European expansion by entering the Belgian market, marking its sixth country of operation. The company's latest move is tied to a new partnership with Volvo Cars, which will see the establishment of a...

London-Based Fintech Yavrio Secures $2.4 Million to Modernize ERP Systems

London-Based Fintech Yavrio Secures $2.4 Million to Mod...

London’s fintech company Yavrio has raised $2.4 million in a seed funding round aimed at transforming enterprise resource planning (ERP) systems through modern banking integration. The funding round was led by Fuel Ventures, with notable pa...

Avisomo Secures €5 Million Investment to Advance Vertical Farming Technology

Avisomo Secures €5 Million Investment to Advance Vertic...

Oslo-based AgriTech company Avisomo has raised €5 million in funding to further develop its fully automated vertical farming solutions. The investment aims to enhance sustainable, large-scale local food production through innovative indoor ...

Juspay Targets Unicorn Status With $150 Million Fundraise

Juspay Targets Unicorn Status With $150 Million Fundraise

Juspay, a prominent fintech startup, is in advanced talks to secure $150 million (approximately INR 1,295 crore) in a funding round led by Kedaara Capital, according to sources familiar with the matter. The round is also expected to see par...

Toyoda Gosei and ASICS Partner to Create Sneakers from Steering Wheel Leather Waste

Toyoda Gosei and ASICS Partner to Create Sneakers from ...

In an effort to promote sustainability and reduce waste, Toyoda Gosei Co., Ltd. has collaborated with ASICS Corporation to develop the SKYHAND™ OG sneakers, crafted from leather remnants produced during the manufacturing of steering wheels....

Wise Expands Transfer Limits and Lowers Global Fees for Its Users

Wise Expands Transfer Limits and Lowers Global Fees for...

Payment technology provider Wise has announced significant updates to its money transfer services, introducing higher transaction limits and reducing its global average fee to 0.62%. These changes are set to provide a more seamless and cost...