Ubisoft is shutting down its San Francisco studio and laying off 152 employees after discontinuing its free-to-play shooter XDefiant, which…
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Balderton Capital Backs Six-Figure Campaign to Prove Europe Can Build the Next Silicon Valley
Balderton Capital has launched a six-figure "Built in Europe" campaign, backed by fintech giant Revolut alongside Mistral, Wayve, and ElevenLabs,…
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Iraqi Militant Accused of Plotting 18 Terror Attacks Across Three Continents Calls Himself a Prisoner of War in Manhattan Court
Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national accused of plotting at least 18 attacks across Europe, pleaded not guilty…
Read MoreEU Launches Twin Expert Bodies to Enforce AI Act as Race Between Regulation and Risk Accelerates
The European Commission announced on June 1, 2026, the appointment of two expert bodies to support enforcement of the AI…
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How a $9.8 Trillion Transatlantic Data Deal Could Be Struck Down for the Third Time
The EU-US Data Privacy Framework, adopted in 2023 and underpinning an estimated $9.8 trillion transatlantic economic relationship, faces mounting legal…
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Kyro Capital Targets 35% IRR With New ₹100 Crore Pre-IPO Fund Betting on India’s Manufacturing and Defence Boom
Indore-based Kyro Capital has launched a SEBI-registered Category II AIF, Kyro India Opportunities Fund – I, targeting a ₹100 crore…
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Finland Bets €28.3 Million on ICEYE as the Satellite Maker Eyes a €5 Billion Valuation and One Rocket Launch Per Week
Finland's Business Finland has awarded ICEYE a €28.3 million R&D continuation grant to advance next-generation synthetic aperture radar technology and…
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Fibre-Based Packaging Is Filling the Void Left by Collapsing Plastic Recycling Infrastructure
SWM International argues that fibre-based packaging innovation is becoming essential as sustainability, performance, and regulation converge. Europe's Packaging and Packaging…
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India’s Startup Ecosystem Surges on June 1 as AI Platforms Launch, EV Fleets Scale and Investors Pour Millions Into Emerging Ventures
India's startup scene on June 1, 2026, saw several notable developments. Healthtech firm MedPredict launched MediElaj, an AI-powered platform backed…
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Meta Cuts Thousands of Jobs to Fund Its AI Future, and Silicon Valley Is Watching
Meta is cutting thousands of jobs as the company pivots sharply toward artificial intelligence. The sweeping layoffs reflect the tech…
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