Europe’s biggest software company is tightening its belt to chase artificial intelligence. SAP is freezing most hiring and pausing non-essential travel, all to free up cash for its AI push. The plan landed in an internal email to staff on Wednesday eve…
The three-year deal aims to let drones from different manufacturers operate under one command system, a lesson the Netherlands says it has drawn from Ukraine. The Netherlands’ Ministry of Defence is putting tens of millions of euros into Intelic, a Dut…
HCLTech has signed a $1.14 billion contract with a major European company, the Indian IT services group said Thursday, in what is its largest single deal since a $2.1 billion agreement with Verizon in August 2023. The client is described only as a Fort…
Stelios Kouloglou spent two years on the European Parliament committee set up to investigate governments spying on their own citizens with commercial hacking tools. According to a report published Friday by Citizen Lab, the University of Toronto resear…
Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian comp…
A $3.7bn plan to merge the world’s two biggest stock-photo libraries has collapsed. The reason is not America, where regulators waved it through. It is Britain, where a single condition proved a deal-breaker. Getty Images will terminate its merger with…
The Court of Justice of the European Union has dismissed Google’s final appeal against a €4.1 billion antitrust fine, ending an eight-year fight over how the company built Android into a vehicle for its search and browser dominance. The ruling, handed …
Novo Holdings, the investment company that controls Novo Nordisk and holds the wealth of the Novo Nordisk Foundation, is backing a fund aimed at Italian drug startups, according to Bloomberg. The move extends a pattern that has seen the Danish investor…
A new report from the EU Institute for Security Studies (EUISS) and the French think tank Institut Montaigne warns that Europe’s semiconductor sector faces a bleak future, squeezed between Chinese export controls and a growing dependence on US technolo…
Every summer the world’s most powerful central bankers decamp to a hillside town outside Lisbon to argue about the economy in relative calm. This year the argument had a single organising subject, and it was not inflation in the usual sense. It was art…