Norway’s $2.2 trillion sovereign wealth fund posts a 1.9% loss in Q1 2026
Norway’s $2.2 trillion sovereign wealth fund posts a 1.9% loss in Q1 2026

The world’s largest sovereign wealth fund lost NOK636 billion ($68 billion) in investment returns in the first quarter, driven by the equity slide among large US technology companies. The S&P 500 posted its deepest quarterly decline since 2022. The…

ATMOS Space Cargo raises €25.7M to build Europe’s first routine orbital return service
ATMOS Space Cargo raises €25.7M to build Europe’s first routine orbital return service

A year after flying and recovering the continent’s first private re-entry capsule, the German-French startup is moving from demonstration to operations. Three PHOENIX 2 vehicles, a new defence entity, and a next-generation 1-tonne capsule are all funde…

Ofcom opens formal investigation into Telegram over child sexual abuse concerns
Ofcom opens formal investigation into Telegram over child sexual abuse concerns

The UK’s online safety regulator has opened a formal investigation into Telegram under the Online Safety Act, examining whether the messaging platform has complied with its duties to protect UK users from child sexual abuse material. It is Ofcom’s most…

Europe is pouring tens of billions of public money into VC. The hard part is making it work
Europe is pouring tens of billions of public money into VC. The hard part is making it work

The European Investment Fund is raising a €15 billion fund of funds called ETCI 2 that aims to unlock up to €80 billion in scaleup funding across Europe. Germany’s WIN initiative is targeting €12 billion by 2030. France’s Tibi programme has pledged €7 …

Tesla tells HW3 owner to ‘be patient’ after 7 years of waiting for FSD
Tesla tells HW3 owner to ‘be patient’ after 7 years of waiting for FSD

The Dutch Tesla owner who launched a collective claim against Tesla over FSD on HW3 cars called Tesla to ask about the €6,400 he paid for “Full Self-Driving” in 2019. After 7 years of waiting, Tesla’s answer was to “just be patient.”

It’s an alm…

EU awards its €180 million sovereign cloud contract to four European providers
EU awards its €180 million sovereign cloud contract to four European providers

Post Telecom (with CleverCloud and OVHcloud), StackIT, Scaleway, and Proximus (with S3NS, a Thales – Google Cloud joint venture, plus Clarence and Mistral) have won the European Commission’s six-year sovereign cloud framework contract. The Proximus con…

Stockholm’s BioLamina secures €20M EIB loan to scale the protein matrices that make cell therapies possible
Stockholm’s BioLamina secures €20M EIB loan to scale the protein matrices that make cell therapies possible

The European Investment Bank is lending €20 million to BioLamina, the Swedish biotech that supplies the laminin-based cell culture matrices used by stem cell therapy developers worldwide. The funding will support expanded production of laminin technolo…

Cambridge biotech STORM Therapeutics raises $56M
Cambridge biotech STORM Therapeutics raises $56M

STC-15 is the world’s first RNA-modifying enzyme inhibitor to reach human trials. Phase 1 showed durable tumour regression across multiple sarcoma subtypes. The $56M Series C is backed entirely by existing investors including Pfizer Ventures and M Vent…

The EU has told Google what it must do to share search data with rivals
The EU has told Google what it must do to share search data with rivals

The European Commission today sent Google its preliminary findings under the Digital Markets Act, proposing six specific measures governing how Google must share search ranking, query, click, and view data with competing search engines. AI chatbots wit…

Exclusive: Make opens a mentorship office at STATION F
Exclusive: Make opens a mentorship office at STATION F

The Celonis-owned visual automation platform, which already has more than 200 STATION F startups on its programme, is putting a permanent on-campus presence in Paris as it targets France as a strategic growth market. One-on-onementorship, workshops, an…