In a recently published, roughly 75-page report, British non-profit organization The Royal Society for the Encouragement of Arts (RSA) outlined several scenarios for how the UK labor market will be impacted by frontier technologies such as automation, AI, AVs and more. The analysis titled “The Four Futures of Work” was conducted in collaboration with design […]
View More Planning for the uncertain future of workCategory: Europe
Google fined $1.7 Billion by European Union for handicapping competitors
The EU says ads from non-Google companies were blocked by the search engine on third party sites. The European Union has heavily fined Google three times in less than two years. The penalties now total over $9 billion. All three are in relation to Goo…
View More Google fined $1.7 Billion by European Union for handicapping competitorsFacebook staff raised concerns about Cambridge Analytica in September 2015, per court filing
Further details have emerged about when and how much Facebook knew about data-scraping by the disgraced and now defunct Cambridge Analytica political data firm. Last year a major privacy scandal hit Facebook after it emerged CA had paid GSR, a developer with access to Facebook’s platform, to extract personal data on as many as 87M […]
View More Facebook staff raised concerns about Cambridge Analytica in September 2015, per court filingKeatz, a European ‘cloud kitchen’ startup, raises further €12M
Keatz, one of a growing number of so-called “cloud kitchens” — delivery only restaurant brands running on the rails of Deliveroo and UberEats — has raised €12 million in new funding. Backing the round are existing investors Project A Ventures, Atlantic Labs, UStart, K Fund and JME Ventures, who are joined by RTP Global. It […]
View More Keatz, a European ‘cloud kitchen’ startup, raises further €12MEurope’s first underwater restaurant resembles a shipwrecked monolith
“No swimwear is required for your evening with us,” reads this restaurant’s dress code.
Located at the southernmost point of Norway’s craggy coast, Europe’s first underwater restaurant has opened, fittingly dubbed Under. And it’s not just a restauran…
Tech regulation in Europe will only get tougher
European governments have been bringing the hammer down on tech in recent months, slapping record fines and stiff regulations on the largest imports out of Silicon Valley. Despite pleas from the world’s leading companies and Europe’s eroding trust in government, European citizens’ staunch support for regulation of new technologies points to an operating environment that […]
View More Tech regulation in Europe will only get tougherParis to tax scooter and bike services
According to the City of Paris, there are 15,000 free-floating vehicles of all forms and shapes in the city, from electric scooters to fluorescent bikes and motorcycle-like scooters. And the City of Paris announced today that companies that operate free-floating services will have to pay a tax depending on the size of their fleet. If […]
View More Paris to tax scooter and bike servicesGuesty, a tech platform for property managers on Airbnb and other rental sites, raises $35M
The growth of Airbnb — and likewise other platforms like Booking.com, VRBO and Homeaway for listing and renting short-term accommodation in private homes — has spawned an ecosystem of other businesses and services, from those who make money renting their homes, to cleaning companies that make properties “Airbnb-ready”, to those who help design listings that […]
View More Guesty, a tech platform for property managers on Airbnb and other rental sites, raises $35MNigerian fintech startup OneFi acquires payment company Amplify
Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount. OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch. The move comes as fintech has become one of Africa’s most […]
View More Nigerian fintech startup OneFi acquires payment company AmplifyGoogle hit with $1.7 billion fine for anticompetitive ad practices
The EU is making Google pay for its anti-competitive practices.
On Wednesday, the European Commission ordered Google to pay a huge €1.49 billion antitrust fine (roughly $1.7 billion USD) for “abusive practices in online advertising.”
The Commission determined that Google had engaged in illegal conduct to “cement its dominant market position” with its Adsense program, which had a market share of more than 70 percent from 2006 to 2016 in Europe.
Hundreds of Google’s advertising agreements with major websites were reviewed by the commission, which discovered numerous restrictive clauses that blocked the company’s advertising rivals from competing in the market. Read more…
More about Google, Advertising, Europe, Antitrust, and Tech
View More Google hit with $1.7 billion fine for anticompetitive ad practicesGoogle fined $1.49BN in Europe for antitrust violations in search ad brokering
The European Commission has just announced another antitrust fine for Google . The latest fine — $1.49BN — relates to its search ad brokering business which competition commissioner Margrethe Vestager noted today is “by far” the company’s main source of revenue. “Today’s decision is about how Google abused its domiance to stop website’s using brokers […]
View More Google fined $1.49BN in Europe for antitrust violations in search ad brokeringTandem Bank launches ‘Autosavings’ account
Tandem Bank, the U.K. challenger bank, is launching a new savings account powered by its “Autosavings” feature designed to make it easier to save. Paying 0.5 percent interest, the Tandem Autosavings account is effectively a flexible savings bank account built on top of Tandem’s existing bank account aggregation app and the various credit cards it […]
View More Tandem Bank launches ‘Autosavings’ account