Apple’s iPhone 18 Pro has variable aperture, and no Siri AI in Europe
Apple’s iPhone 18 Pro has variable aperture, and no Siri AI in Europe

Apple has announced the iPhone 18 Pro and iPhone 18 Pro Max. The headline feature is a camera that can change its aperture, which no iPhone has done before. Two of the phone’s flagship features will not work in Europe at launch. Apple announced both mo…

Silver Lake is merging Cegid and Silae into a €10bn French software group
Silver Lake is merging Cegid and Silae into a €10bn French software group

Silver Lake is merging two companies it already owns. Cegid and Silae are both French. Both are majority-owned by the American private equity firm. On Wednesday they announced their intention to merge. The deal is expected to value the combined group a…

Covenant leaves stealth with Anthem and factories in three countries
Covenant leaves stealth with Anthem and factories in three countries

A defence company nobody had heard of on Tuesday opened a 105,000 square foot missile factory in Texas on Wednesday. Covenant came out of stealth this morning. It announced Anthem, a long-range weapon system it says is designed for production in the th…

A $1bn Spanish data centre deal, with no customer and no address
A $1bn Spanish data centre deal, with no customer and no address

HSCALE has signed a contract worth more than $1bn with an American cloud provider it will not name, for a Spanish data centre campus it will not locate. The company announced the deal this week. It describes the customer only as “a significant global c…

Amkor is taking its Arizona chip packaging campus to $12bn
Amkor is taking its Arizona chip packaging campus to $12bn

Amkor is roughly tripling the size of the chip packaging campus it is building in Arizona. The company announced phase 2 on Tuesday. It adds 60,000 square metres of cleanroom to the 33,000 already planned, taking the site to about 93,000 square metres,…

Chime is paying $590m for its own sponsor bank
Chime is paying $590m for its own sponsor bank

Chime is buying the bank that has held its customers’ money for seven years. The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned su…

EU proposes a single procurement rulebook with a European preference for public buyers
EU proposes a single procurement rulebook with a European preference for public buyers

The European Commission has proposed replacing the EU’s public procurement directives with a single regulation that would apply directly across the bloc. The proposal would introduce a European preference framework for public contracts and create the b…

Google will invest €13bn in four Finnish data centre sites over two years
Google will invest €13bn in four Finnish data centre sites over two years

Google will spend €13bn on data centre infrastructure across four Finnish sites during 2027 and 2028, its largest single investment in Europe, the company announced the plan today. The money covers Hamina, where it has operated since 2009, alongside Ka…

EU auditors say AI is helping tobacco smugglers pick their next target
EU auditors say AI is helping tobacco smugglers pick their next target

The European Court of Auditors has published two findings that sit awkwardly together. The EU has no reliable picture of the size or structure of its illicit tobacco market. The criminal networks running that market, according to the auditor who led th…

The Exploration Company raises $450m to build a rocket engine
The Exploration Company raises $450m to build a rocket engine

The Exploration Company has raised $450m. Most of it goes into something the company is not yet famous for. Not Nyx, the reusable capsule that has drawn the contracts and the SpaceX comparisons. An engine. Kate Duffy reported the round for Bloomberg. F…