Facebook, Google, Microsoft, Apple, Huawei, and Amazon top EU lobbying spending

According to the results of a study released on Tuesday, Facebook Inc, Google and Microsoft Corp are the three biggest lobbying spenders in Europe as they battle new laws aimed at curbing their influence on social media. Such lobbying efforts are a wake-up call for EU policymakers to further beef up the draft laws and…

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Danish fintech platform Pleo raises $150M in latest funding round, valued at $1.7 billion

On Tuesday, Pleo, a Danish fintech platform which offers expense management tool and smart company cards, said it had raised $150 million from U.S. investment firms Bain Capital Ventures and Thrive Capital in its latest funding round which valued it around $1.7 billion. The company has more than 17,000 customers across Denmark, Sweden, Germany, the…

Micromobility provider Bolt undercuts peers with e-scooter rollout in nine-inner German cities

On Tuesday, Estonian start-up Bolt launched electric scooter services in nine German cities saying it was its biggest and most challenging rollout to date. Bolt will offer rides for as little as $0.06 (0.05 euros) per minute with no unlocking fees, in a market that sees peers charging typically 1 euro per trip plus 15-25…

Digital music company Believe aims to raise $608M through its Paris stock market listing

On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands,  Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…

Electric vehicle startup Fisker mulls prismatic cell battery manufacturing unit in partnership with major supplier in either US or Europe

In a statement Fisker Inc’s chairman and CEO Henrik Fisker said, the electric vehicle startup is weighing options to set up a battery cell manufacturing facility with a major supplier in either Europe or the United States. The move is aimed at securing components in its supply chain. Earlier Fisker had struggled with the recall…

In a world first Google launches News Showcase platform in Australia

On Friday, in a world first Google launched a paid news platform in Australia after it struck content deals with publishers in a move aimed at complying with Canberra’s new legislation. Initially the News Showcase platform was slated for launch in June 2020, but Google delayed launching plans following Australia passing a new legislation which…