{
}
AESC has paused construction on its $1.6 billion battery plant in South Carolina due to uncertainties surrounding federal tax breaks and tariffs. The company, which has already invested $1 billion, plans to restart construction but did not specify when. Meanwhile, BMW's plans for its battery assembly site remain unaffected, and South Carolina continues to invest in electric vehicle manufacturing.
Santander X has recognized six innovative companies in user experience optimization, awarding them a share of EUR 120,000. An expert panel evaluated submissions based on personalization, omnichannel reach, and empathy. The winners gain international visibility and access to the Santander X 100 community, fostering connections with entrepreneurs, mentors, and investors. Over 900 companies from 11 countries participated in this global challenge.
Kumulus Water, a Tunisia-based startup founded by Mohamed Ali Abid and Iheb Triki, has secured $3.5 million in seed funding to enhance its atmospheric water generation technology. The investment will facilitate the launch of the Kumulus Boks line, aimed at providing off-grid water solutions for industrial and community use in markets like France, Spain, and Saudi Arabia. The company’s self-contained Atmospheric Water Generators (AWGs) have already been deployed in various locations, addressing global water scarcity challenges.
Dutch car-sharing company MyWheels is set to integrate 500 Renault electric vehicles (EVs) into its fleet, marking Europe's largest vehicle-to-grid (V2G) rollout. This initiative aims to enhance grid stability by allowing EVs to store and return electricity during peak demand, utilizing bidirectional chargers from We Drive Solar. The project, based in Utrecht, is expected to be fully deployed by 2026.
Kumulus Water, a Paris-based climate tech startup, has secured USD 3.5 million in seed funding to enhance its sustainable water generation technology. The company’s atmospheric water generators (AWGs) convert air into clean drinking water, targeting regions with water scarcity and limited infrastructure. The funding will support the development of Kumulus Boks and facilitate expansion into Saudi Arabia, Europe, and North Africa.
[Bloomberg]
The EU has imposed a €329 million fine on Delivery Hero and its Spanish subsidiary Glovo for antitrust violations. Between 2018 and 2022, the companies limited competition by sharing sensitive information, agreeing not to poach employees, and dividing national markets for food delivery. Delivery Hero has held a 94 percent stake in Glovo since July 2022.
Turkish authorities have detained 13 individuals, including Papara's founder Ahmet Faruk Karslı, amid allegations of money laundering and illegal betting activities linked to the fintech company. The investigation revealed that over 26,000 accounts were used for illicit online betting, with transactions totaling approximately 12.9 billion lira (around US$330 million). In response, the central bank has imposed temporary transaction limits on Papara and appointed the Savings Deposit Insurance Fund as trustee to oversee the platform.
STC Bank has received the Fast Track Growth award at the Temenos Forward Awards in Madrid, recognizing its rapid user growth since becoming a fully licensed digital bank three months ago. Transitioning from a digital wallet, the bank offers features like instant money transfers and competitive remittance rates, allowing users to open accounts in under two minutes. With support from Temenos Core, STC Bank is enhancing its digital lending and deposit solutions, aiming to redefine banking standards in the Kingdom and the GCC region.
Germany is considering a 10% digital service tax on major tech companies like Google and Facebook, led by Chancellor Friedrich Merz. This proposal aims to address the significant revenue these firms generate in Germany while contributing minimally in taxes, aligning with a global trend of taxing digital giants. However, it may provoke international backlash, particularly from the U.S., which has threatened tariffs against countries imposing such taxes.
ESP
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
battery plant construction halted amid electric vehicle and tariff concerns
18:54 06.06.2025
santander x awards innovative companies in user experience optimization challenge
15:14 05.06.2025
kumulus water secures 3.5 million seed funding to expand water generation technology
04:12 05.06.2025
Dutch firm MyWheels launches largest vehicle-to-grid initiative with Renault EVs
10:10 04.06.2025
Kumulus Water secures funding to expand sustainable water technology in Saudi Arabia
09:44 04.06.2025
Delivery Hero fined for collusion with Glovo in landmark EU case
04:40 03.06.2025
eu fines delivery hero and glovo 329 million for antitrust violations
16:38 02.06.2025
turkish authorities detain papara founder in fintech investigation crackdown
06:14 02.06.2025
stc bank recognized for rapid growth with temenos fast track award
23:18 31.05.2025
Germany proposes 10 percent digital service tax on major tech companies
Google Inc.
IND
GBR
CAN
ITA
TUR
FRA
ESP
AUT
DEU
Friedrich Merz
Wolfram Weimer
Donald Trump
Show more
04:40 30.05.2025
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Venture Capital Investments
Industry Trends
Fintech Startups
Cryptocurrency Trends
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
AI Innovations
Crypto Policies and Governance
IPOs & SPACs
Crypto Adoption and Integration
Economic Indicators
Stock Market Updates
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Product Launches
Private Equity Deals
Countries:
Companies:
Microsoft Corporation Corp.
Amazon.com Inc.
Micelio Technology Fund 1
PayPal Holdings Inc.
Uber Technologies Inc.
Indifi Technologies Ltd.
The Goldman Sachs Group, Inc.
Axis Capital Ltd.
UBS Group AG
Nvidia Corporation
Reddit Inc.
Google LLC
Anduril Industries Inc.
Maruishi Pharmaceutical Co. Ltd.
Qatar Islamic Bank ش.م.ع
Walmart Inc.
Trump Media & Technology Group Corp.
Alphabet Inc.
Contemporary Amperex Technology Co. Ltd.
Huawei Technologies CO. Ltd.
Currencies:
People: