The European Investment Bank has granted OVHcloud a 200 million euro ($208.18 million) loan to support the French software group’s expansion in Europe, they said in a joint statement on Friday. The funding will support OVHcloud’s plan to ramp up international development by opening 15 new data centres, of which 10 will be located in […]
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Apple will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices. The reform passed by an overwhelming majority in the European Parliament on Tuesday, the first of its kind anywhere in the world, potentially strengthens […]
European telecoms providers are set to win their decade-long fight to make Big Tech pay for network costs, thanks to sympathetic EU regulators and the bloc’s efforts to rein in U.S. tech giants, according to industry and regulatory sources, in the EU’s strongest move yet to set a global standard. Deutsche Telekom, Orange, Telefonica, Telecom […]
Europe on Wednesday unveiled the first of a 4 billion euro ($4 billion) family of satellites designed to give earlier warning of extreme weather that has been causing havoc across the globe this year. The result of 12 years of development for the European Space Agency and 30-nation EUMETSAT, the MTG-I1 satellite will be launched […]
Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering. Binance said […]
European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2 percent to touch its lowest since March 10. Miners fell 2.8 percent as Chinese […]
The U.S. Department of Justice on Monday announced the indictment of two Europeans for allegedly conspiring with a recently sentenced American cryptocurrency researcher to help North Korea evade U.S. sanctions. Alejandro Cao de Benos of Spain, who founded a pro-Pyongyang affinity organization, and Christopher Emms of Britain, a cryptocurrency businessman, were accused of recruiting the […]
European shares rose slightly after early sluggishness on Friday, as a rally in bank stocks helped outweigh worries about economic growth and inflation, with Europe facing a deadline to start paying for Russian gas in roubles.Russian President Vladimir Putin threatened to cut off gas supplies unless paid in local currency from April 1 — a […]
Since the fifth-generation mobile network (5G) will be more efficient, faster, and secure, it could help move technology to the next level in several fields. The most prominent one is healthcare to help doctors conduct remote diagnoses and even support remote surgery. On the same note, it could allow other vehicles to be controlled remotely […]