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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.
China's EV market faces significant challenges as BYD's shares plummet by 17%, erasing HK$122.3 billion in market value amid price cuts on 22 models. Despite a slight increase in vehicle deliveries, domestic sales have declined, raising concerns over financial stability in a fiercely competitive landscape. The ongoing price war, supported by government strategies, is creating international trade tensions, with Western nations considering tariffs in response to China's aggressive pricing.
Blockchain Group, based in Paris, has purchased $68 million worth of Bitcoin, marking a significant step in corporate BTC adoption across Europe. This acquisition of 624 Bitcoin increases their total holdings to 1,471 BTC, valued at over $154 million, with a year-to-date yield of 1,097.6%.
Google has agreed to invest $500 million over the next decade to enhance its compliance operations as part of a settlement in a shareholder lawsuit alleging antitrust violations. This agreement includes the establishment of a dedicated board committee for risk and compliance, reflecting a shift towards structural reforms in tech regulation. Shareholders are increasingly demanding accountability from executives, emphasizing long-term governance improvements over immediate financial gains.
[Bloomberg]
The Amundi MSCI Eastern Europe Ex Russia UCITS ETF has risen 17.64% over the past year, underperforming the average fund's 20.74% return. In January 2025, top-performing ETFs included the L&G Gold Mining UCITS ETF, which returned 20.18%, and the UBS (Irl) ETF PLC - Solactive Global Pure Gold Miners UCITS ETF, with a 16.55% return.
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.
KKR has revised its acquisition proposal for Datagroup SE, offering a conditional price range of 54 to 58 euros per share based on shareholder acceptance levels. The new terms include a price increase to 56.50 euros if 80% of shares are secured, and 58 euros if 90% are accepted. Retaining Datagroup's 3,700 employees will be crucial for the deal's success, as high turnover rates are common post-acquisition, particularly in IT services where employee relationships are vital.
The French state has made a confirmatory offer of 410 million euros ($466.33 million) to acquire part of Atos' former advanced computing unit. Once valued at over 10 billion euros, Atos has navigated financial difficulties and emerged from restructuring in 2024. The offer reflects the enterprise value of the Advanced Computing business.
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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
China's electric vehicle market faces turmoil amid price cuts and competition
05:30 04.06.2025
blockchain group acquires 68 million dollars in bitcoin boosting corporate adoption
11:32 03.06.2025
Google commits 500 million dollars to compliance overhaul after shareholder lawsuit
05:20 03.06.2025
Delivery Hero fined for collusion with Glovo in landmark EU case
04:40 03.06.2025
top performing etfs of january 2025 highlight gold mining funds
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17:15 02.06.2025
eu fines delivery hero and glovo 329 million for antitrust violations
16:38 02.06.2025
KKR revises acquisition offer for German IT firm Datagroup SE
09:23 02.06.2025
French state offers 410 million euros for Atos advanced computing unit
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