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The Latest Breaking News on European tech

Half of fintech firms have stopped hiring staff

With a global recession looming, the development of financial software and the evolution of fintech innovations will have a larger impact on consumers than ever in 2023

Birmingham Post

Devon manufacturer secures £1.8m cooling systems export deal

Green Resource Engineering said the contract had been facilitated by a six-figure bank loan, amid global ‘supply chain struggles’

Birmingham Post

Tougher Times Call For A New Kind Of Persistence

Tough times happen to everyone. Major projects don't move ahead smoothly without bumps in the road. Be persistent so you can thrive after running into those inevitable obstacles.

Investors Business Daily

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Holographic 3D tech firm Holoxica goes into liquidation

Edinburgh firm faced cashflow challenges but expects technology will attract global interest

Insider UK

‘A huge disruption’: Startups worldwide gird for life after SVB

Quang Hoang, the co-founder of a startup called Birdly Inc., spent his Monday refreshing the website of Silicon Valley Bank every hour. His San Francisco-based mentoring startup had about $10 million deposited with the now-failed financial institution, patronized by a large portion of the country’s most promising tech companies. But…

Tribune News Service

Saudi Arabia Advances 15 Ranks on Global Innovation Index

Saudi Arabia has risen 15 places in the World Intellectual Property Organization (WIPO) Global Innovation Index 2022, reflecting the extent of development in research, development, and innovation in the Kingdom.

Asharq Al-Awsat

Silicon Valley Bank’s collapse undercuts key engine of Bay Area economy

The collapse of Silicon Valley Bank has stripped the Bay Area’s startup industry — a key driver of the region’s economy — of a crucial source of funding that for decades has fueled innovation and growth.

Tribune News Service

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Britishvolt sold for just £8.6m after racking up losses of more than £150m

The huge scale of the company's debts before it went into administration have been revealed

Birmingham Post

Data centre used to heat 25-metre swimming pool at Devon leisure centre

Waste heat from computing infrastructure can be used to heat houses and swimming pools

Evening Standard

Volkswagen Group To Build Battery Cell Factory In Canada

The Volkswagen Group officially announced that will build a new lithium-ion EV battery cell factory in St. Thomas, Ontario, Canada.

InsideEVs

Innovative heat tech could save England’s swimming pools from closure

Twenty pools may be upgraded this year after startup uses energy from small data centre to heat water

The Guardian - UK

Recruiter Eden Scott on course for £13m turnover as Scottish jobs market remains “buoyant”

Founding director says company also set to grow profits despite

Insider UK

Software firm Natural HR acquired by North West outfit

Moorepay says the deal will help it strengthen its HR software offering to our customers

Birmingham Post

Digital consultancy opens 'international hub' in Edinburgh

European chief executive says the capital is 'key for our long-term growth'

Insider UK

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Birmingham Post

Welsh business activity returns to growth in February

Welsh firms saw a renewed rise in demand halfway through Q1 2023

Birmingham Post

North West's private sector sees first improvement since August 2022 - NatWest

The bank has published its latest PMI data for the region

Birmingham Post

North East economy stabilises but falls behind other regions, survey shows

The latest NatWest North East PMI Business Activity Index has come in at a score of 50.0 that indicates neither growth nor decline

Asharq Al-Awsat

'Biban 23' Discusses Importance of Supporting Talent to Boost Economy

The third day of the "Biban 23" forum's event saw discussions on the value of assisting small and medium-sized businesses in luring top talent, generating innovative ideas, and creating jobs that will boost the economy. This came during a panel session on "Financing and Attracting Talent: A Essential Influencer for…

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Evening Standard

‘We can’t make payroll’: scores of London tech firms in cash crisis amid Silicon Valley Bank collapse

The UK startup ecosystem is under immense strain today after the collapse of Silicon Valley Bank has prevented scores of startups from accessing the cash to pay staff.

Birmingham Post

Healthcare track and trace software firm Fingerprint Global acquired in private equity-backed deal

South Gloucestershire-based Fingerprint Global’s tech is used by around 200 NHS trusts

Birmingham Post

Britishvolt collapse triggers £35m hit for listed plant hire firm Ashstead

The group, which trades as Sunbelt, was a major investor in the startup before its collapse in January

Birmingham Post

Belfast tech company launches app designed to make planning a night out easier

GetSociable will pilot in Belfast before being rolled out across UK, Ireland and rest of Europe

Axios

What happened to Silicon Valley Bank?

Behind the remarkable reversal of fortune for the startup world's bank of choice.

Birmingham Post

Chief executive of graphene firm Versarien resigns

Neill Ricketts’ departure comes weeks after the company said the tough economic conditions had delayed the commercialisation of its products

Asharq Al-Awsat

UAE’s DAMAC Boosts Investment in Saudi Data Centers

Hussain Sajwani, Chairman of the Board of Directors of DAMAC, said that the group’s investment in data centers in Saudi Arabia came after an extensive study of the Saudi market, which offered many promising investment opportunities within the framework of Vision 2030. In an interview with Asharq Al-Awsat, Sajwani pointed…

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