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The Latest Breaking News on European tech

Klarna losses more than triple as consumer spending slows

Buy now, pay later firm will issue smaller loans to some customers to return to profitability

The Guardian - UK

Core Technology Systems acquires CompanyNet

The deal includes its Edinburgh and Glasgow offices and all 25 staff

Insider UK

DataVita plans £8 million expansion to data centre

The cloud services provider adds an extra 400 racks, taking it up to 1,500 sq m of technical space

Insider UK

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Shares in Micro Focus jump 90% on news of £5bn Canadian takeover deal

One of last UK tech firms listed in London on course to be snapped up by Nasdaq-listed OpenText

The Guardian - UK

International expansion for Inspired Thinking Group with Down Under deal

Birmingham digital marketing firm has bought out New Zealand outfit Brand Machine

Birmingham Post

Know-it expands with new head of marketing

Recently-launched, Glasgow-based credit management platform grows team

Insider UK

CEO of Blyth battery plant Britishvolt steps down from business

Founder of Britishvolt Orral Nadjar says that 'now is the right time' to leave the company

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CEO of battery plant firm Britishvolt steps down in management shake-up

Orral Nadjari says that 'now is the right time for me to pass the reins' amid news that work in Blyth is limited for six months

Birmingham Post

Hull retail marketing specialist behind Ikea, Joules and Ann Summers bought out by managing directors

Hull agency Summit had been part of TCC Global for seven years

Birmingham Post

Atlas Cloud moves to Newcastle city centre base following new client wins

The move to new hybrid co-working offices come as the firm welcomes several new members of staff

Birmingham Post

Welsh firms lagging behind UK as a whole in grant funding from Innovate UK

Catax has looked at funding across the UK from Innovate UK

Birmingham Post

Brazil to open South America’s first ‘digital nomad village’

Brazilian government hopes the project will boost the local economy by £30 million a year

The Independent UK

Mercedes-Benz Expands Its Battery Supply Partnership With CATL

Mercedes-Benz announced expansion of the battery supply partnership with CATL and large contract for batteries from the upcoming plant in Hungary.

InsideEVs

CATL Will Build Massive 100 GWh Battery Plant In Hungary

Contemporary Amperex Technology Co., Limited (CATL) officially announced today a massive new battery plant investment in Europe.

InsideEVs

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Crikey

Crime-fighting in the cloud grounded by NSW Police

No explanation has been given for why a multimillion-dollar software contract was scrapped, stalling a system-wide upgrade.

Insider UK

Edinburgh data firm acquires bill management tech

It will now be repurposed to support a business-to-business engagement platform

InsideEVs

Europe: NIO Will Produce Battery Swap Stations In Hungary

NIO announced the upcoming launch of production of EV battery swap stations in Hungary. It will be the company's first overseas plant.

The Street

Buy-Now-Pay-Later Star Klarna Tumbles From Its Pedestal

The rout of markets, due to recession fears, is hurting the valuations of even the most promising startups.

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Input

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

The Guardian - UK

Klarna’s road ahead looks a little harder this year

With Apple set to enter the market and shrinking appetite for tech stocks the future looks less rosy for buy now, pay later firm

The Guardian - UK

Klarna sees its value slashed by 85% in latest round of fundraising

‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn

InsideEVs

Northvolt Raised $1.1 Billion To Support Expansion In Europe

Northvolt announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe.

Birmingham Post

The 13 UK tech firms with valuations of more than $10bn

New figures also show the value of the UK's tech has reached $1 trillion

Insider UK

Scotland leading the way as UK tech ecosystem reaches $1 trillion valuation

Tech start-ups from Edinburgh and Glasgow have raised £115m of investment already this year

Daily Mirror

Britain's youngest billionaire nets another £100million from viral business idea Hopin

Manchester University graduate Johnny Boufarhat, 27, launched video conferencing app Hopin in 2020, after Britain was pushed into its first mandatory Covid lockdown

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