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The Latest Breaking News on European tech

All staff redundant as Scottish engineering business closes after 50 years

A SCOTTISH engineering firm has ceased trading after 50 years, with all 48 members of staff made redundant

The National (Scotland)

McLaren Will Make More Than Supercars

McLaren will soon undergo a huge corporate shakeup. Over the next six months, the British supercar maker will be restructured into a new holding company, merging with Forseven, a British startup backed by CYVN Holdings, the Abu Dhabi-based company that agreed to purchase McLaren back in October.

Motor1

Plans for £130 million battery storage site approved by Scottish Government

A £130 MILLION battery storage facility’s planning permission in West Lothian has been approved by the Scottish Government ...

The National (Scotland)

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Next continues success story by reporting first £1bn in annual profits

Retailer ‘defies gravity’ to become only fourth in UK to pass £1bn profit threshold

The Guardian - UK

Scottish island ferries hook up to Elon Musk's Starlink satellites

BILLIONAIRE entrepreneur Elon Musk’s Starlink, which uses satellites to beam a broadband signal down to Earth, has began providing internet on…

The National (Scotland)

Airline startup unveils plans for inaugural flight from Scottish airport

A UK-BASED startup airline has unveiled its plans to launch its inaugural flight from Scotland this year ...

The National (Scotland)

Fintech can be a powerhouse helping to drive the UK's economic growth

The UK attracted $3.6 billion in fintech investment in 2024 and now accounts for over 11% of global investment in the sector

Evening Standard

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London's suburbs see huge rise in demand for flexible work spaces since Covid

London now accounts for a smaller proportion of the UK’s overall flexible workspace market than five years ago

Evening Standard

EU preps Chips Act 2.0 to strengthen semiconductor industry after original program reportedly flopped

Chipmakers and producers of chipmaking tools call EU for the second round of European Chips Act funding.

Tom’s Hardware

Route planning app Komoot sold after it expands paywall, job losses could follow

The route planning app has been bought by Italian tech firm Bending Spoons

Cycling Weekly

SoftBank to acquire Arm CPUs for datacenter firm Ampere in $6.5 billion cash deal

SoftBank buys Ampere for $6.5 billion in cash, may use them in Stargate datacenters.

Tom’s Hardware

EV Motorcycle Maker Energica Is About to Be Auctioned Off, and It's a Steal

To paraphrase the great Three 6 Mafia, "It's hard out here for an electric motorcycle company." In the interim years, we've seen countless startups and OGs fall, and all for different reasons. Whether it's due to a lack of funding or lackluster sales, behind-the-scenes tomfoolery, or parasitic acquisition, the number…

RideApart

VW Group’s Cariad Software Division Had A Bad Year. Again

Cariad, “the software powerhouse of Volkswagen Group,” as stated on the company’s website, has gone from shining star to source of financial headaches in less than five years.

InsideEVs

Telegram Founder Durov Allowed To Temporarily Leave France

Telegram founder Pavel Durov has been allowed to temporarily leave France, where he is charged with multiple infractions linked to allegedly enabling organised crime, sources told AFP. Durov, now 40, was sensationally detained at Le Bourget airport outside Paris in August 2024 and charged with a litany of violations related…

International Business Times

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International Business Times

MyVisits.net Accelerates Its Global Expansion, Bringing Revolutionary Home Care Service Verification to the World

MyVisits.net's EVV platform is a cloud-based system that eliminates the need for expensive installations or physical equipment.

International Business Times

Product Led Growth Expert Spearhead Solutions-Based GTM Strategy

A 2024 Content Marketing Institute report found that 91 percent of B2B marketers use content marketing to reach customers, up from 86 percent in 2022.

Evening Standard

Model railway maker Hornby becomes latest company to quit struggling Aim

The number of companies listed on London’s junior market has fallen from a high of almost 1,700 in 2007 to about 679

The Independent UK

Northvolt files for bankruptcy as Europe’s big EV battery hope fails

Europe wanted to reduce reliance on Chinese-made EV batteries and materials

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International Business Times

Battery Maker Northvolt Files For Bankruptcy In Sweden

Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday.

The Guardian - UK

EV battery startup Northvolt files for bankruptcy in Sweden

Swedish firm unable to ‘secure the necessary financial conditions to continue in its current form’

AAP

Major super fund sued over tardy death benefit payouts

AustralianSuper is the latest major super fund to face legal action for allegedly failing to pay out benefits to families of dead members in a timely manner.

Evening Standard

UK and Ireland to announce closer collaboration on energy at summit

Officials hope the new deal will speed up investments and developments in infrastructure.

Evening Standard

British Airways’ parent company records surge in profits

International Airlines Group said its operating profit last year was 4.3 billion euro (£3.6 billion).

The Guardian - UK

‘Homegrown’ Swedish battery startup admits importing vital components

Northvolt, which claims to run Europe’s first homegrown gigafactory, admits it depends on Chinese suppliers for cathode active material

The Guardian - UK

UK battery firm says it has learned from others’ errors as it licenses Chinese tech

Volklec aims to start making batteries at part-government-funded site near Coventry before building its own factory

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