Banco Santander and Amazon are reportedly close to reaching a deal in which the bank would provide financing options for Amazon shoppers across the Europe Union (EU). The negotiations between the companies are at an advanced stage, Bloomberg reported Friday (June 21), citing unnamed sources. Reached by PYMNTS, Santander declined to comment on the report. Amazon did
The European Union Innovation Hub — a collaborative effort among various EU agencies and member states — has recently published its inaugural report on encryption. The report highlights the dual nature of cryptographic technologies, acknowledging their potential for both positive and negative applications. 📢 Just published: new report on the use of encrypted communications in
Stablecoins sit at the center of the crypto sector’s goals for a return to form. That’s because stablecoin digital assets, which are designed to maintain a stable value by being pegged to a reserve asset such as a fiat currency (e.g., USD) or commodity (e.g., gold), aim to provide the benefits of cryptocurrencies — such
Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, with venture capital (VC) groups raising new funds after a two-year drought. For example, private
German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors. The startup is also in discussions with rival food delivery companies about a potential merger, Bloomberg reported Wednesday (April 17), citing unnamed sources. Flink did not immediately reply to PYMNTS’ request
Germany’s finance minister on Thursday stood firm against new common EU borrowing amid calls for the bloc to club together as it did after the Covid pandemic to fund a defence overhaul. Faced with Russia’s war on Ukraine, there have been growing calls for the 27-nation EU to pool its economic might to help revamp
European Investment Fund (EIF), in Vienna speaking at the Zero to One Hundred Conference. Zero One Hundred Conferences In the complex world of European finance, the European Investment Fund (EIF) stands out as a cornerstone of innovation and strategic growth, ensuring all member state Small and Medium-sized Enterprises (SMEs) have robust access to venture capital
The European Parliament’s legal affairs committee has thrown its weight behind suing the European Commission over a decision to unfreeze 10 billion euros ($11 billion) for Hungary, lawmakers said on Tuesday. European lawmakers have accused the commission of in December caving in to pressure from Hungarian Prime Minister Viktor Orban, who was blocking efforts to support
Chile is embarking on a European hunt for investors in solar, wind and green hydrogen technologies as it looks to decarbonise copper mines and other industries reliant on fossil fuels. Marcos Kulka, CEO of H2Chile, a hydrogen association of 102 public and private companies, travelled to Europe to outline his government’s energy strategy amid renegotiations
European Union foreign policy chief Josep Borrell warned on Sunday that moves to suspend the funding of UN Palestinian refugee agency UNRWA were extremely ill-advised. “Defunding UNRWA would be both disproportionate and dangerous,” Borrell said of the agency which is embroiled in controversy over the alleged involvement of employees in the October 7 attack by Hamas