European tech startups raised over €475 million in one week
Tech.eu's latest weekly recap tracked more than 35 funding deals across Europe, a slower week compared with the totals recorded through most of August 2026.
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Meta agrees $16.7bn settlement with US states over child safety
Meta Platforms has settled with a coalition of 29 US states midway through a federal trial in California, agreeing to pay billions and change how Instagram and Facebook treat young users.
China warns US of retaliation over expanded Iran sanctions
Beijing says it will defend Chinese companies after Washington sanctioned nearly 60 entities tied to Iran's oil trade, including firms in Hong Kong and mainland China.
Druckenmiller Criticises Bessent's Expanded Treasury Bond Buybacks
Billionaire investor Stanley Druckenmiller has publicly attacked his former protégé, US Treasury Secretary Scott Bessent, over a plan to buy back more long-term government bonds, calling it an attempt to manage prices rather than markets.
Economy
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Trump announces US stake in Venezuela's oil reserves after Maduro's capture
US President Donald Trump says a new joint venture gives Washington majority control of tens of billions of barrels of Venezuelan crude. The deal follows the capture of former president Nicolás Maduro and comes with a 100-year concession attached.
Fed's Warsh gives first Jackson Hole speech amid rate uncertainty
Kevin Warsh delivers his debut keynote as Federal Reserve chair on Friday, with investors seeking clarity on inflation and interest rates after months of sparse communication.
Energy
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China and US took opposite paths through 2026 oil shock
After Iran shut the Strait of Hormuz in February 2026, Beijing leaned harder into clean energy while Washington doubled down on oil and gas. The split is reshaping the global energy map.
Oil prices fall sharply after Hormuz deal ends five-month supply crisis
The US Energy Information Administration has cut its 2026 Brent crude forecast by 14% following a US-Iran agreement that reopened the Strait of Hormuz in June. Global markets are now bracing for an oil glut as supply rushes back — but significant geopolitical risks remain.
Finance
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Yen Slides Past ¥160 as Fed Chief Signals More Rate Hikes
A hawkish speech from new Federal Reserve Chairman Kevin Warsh sent the yen through ¥160 to the dollar and pushed Japanese bond yields to a 30-year high, wiping out much of the gain from a record currency intervention just weeks earlier.
France bans unsolicited telemarketing calls, requires prior consent
From this week, French companies can no longer cold-call consumers without permission. Violations carry fines of up to €375,000 for firms.
Personal Finance
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AI tools let scammers pinpoint holiday photos to craft bank fraud texts
Fraudsters are using publicly available AI image-analysis tools to work out where holiday photos were taken, then send convincing fake bank alerts referencing that location. Security researchers say the technique is now accurate enough to fool even cautious travellers.
Report Warns England's Student Loan System Piles Debt on Young
A think tank analysis finds English graduates now face far higher lifetime loan repayments and steeper effective tax rates than earlier generations, as sixth formers await this week's A-level results.
Real Estate
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US homebuilder confidence hits 14-year low streak on affordability crisis
American builder sentiment has now sat below the key threshold of 50 for more than two years, with the July index falling to 34 as high mortgage rates, rising costs, and a paralysed buyer pool continue to grip the market.
Retail
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Apple Cuts EU App Store Fees, Eases Rules for Rival App Stores
Apple has replaced its controversial per-install fee with a flat 5% commission for apps sold outside its App Store, in a move it says resolves its dispute with EU regulators over the Digital Markets Act.
Heathrow Loses Europe's Busiest Airport Title to Istanbul
Heathrow handled 7.86 million passengers in July, fewer than Istanbul's 8.15 million, ending the London airport's run as Europe's top hub. The operator says the figures strengthen its case for a third runway.
Startups
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European tech startups raised over €475 million in one week
Tech.eu's latest weekly recap tracked more than 35 funding deals across Europe, a slower week compared with the totals recorded through most of August 2026.
Space Tech Startups Head for Record $20.3 Billion Funding Year
Venture investment in space and satellite startups has already hit an all-time high in 2026, with four months still to go, as capital piles into a handful of massive late-stage rounds.
Trade
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Shein Confirms Hong Kong Listing at Roughly $27bn Valuation
The fast-fashion retailer will list on the Hong Kong Stock Exchange on 1 September, at a valuation far below the $100bn it once commanded, after repeated failed attempts to go public in New York and London.
Global Trade Defies Tariff Forecasts, WTO Sharply Raises 2025 Outlook
Economists expected Donald Trump's 2025 tariffs to shrink world trade. Instead, the World Trade Organization has repeatedly revised its growth forecast upward, as businesses rerouted shipments rather than abandoned them.
Data & Indexes
All data →Nordic Tech Salary Index
A recurring index of technology salaries across the Nordics — currently seeded with public salary-research data ahead of News Unlimited's first proprietary survey.