Tech & Startups
Denmark’s EIFO commits to TEKEVER’s US$580 million funding round
The defence technology company plans an operational base in Odense, its first Nordic location, with expansion dependent on demand and approvals.
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Europe
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Barnier urges euro and Schengen exemptions if UK rejoins EU
The former Brexit negotiator backed flexibility on currency and passport-free travel, but rejected selective participation in the single market.
Policy
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Costa proposes narrower business levy to advance EU budget talks
The proposed charge would apply only to firms with annual turnover above €750 million, as negotiators seek agreement on new EU revenue sources.
Business
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Leonardo reports €60.4 billion in orders, up 28 per cent
The acquisition of Iveco Group's Defence division accounted for around €6 billion of the increase in the order backlog.
Markets
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European shares fall as US chip sell-off spreads across markets
US semiconductor stocks suffered their biggest daily decline since 2020 amid concerns about restrictions on data centre construction.
Economy
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Euro area retail volumes fall 0.7 per cent in September
EU retail volumes declined by 0.6 per cent, while both measures remained above their September 2025 levels.
Tech & Startups
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Finland’s Vensum Power raises €9 million for power conversion technology
The company plans to start mass production in 2027 and expand into AI data centres, bringing its total funding to €15.2 million.
Travel & Culture
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Philippe Jaenada reveals AI use in Goncourt-winning novel
The novelist described three uses of the technology, including a sentence supplied by ChatGPT, prompting mixed reactions on social media.
