After the founder of Farmeron Matija Kopić sold the to US based company Virtus Nutrition, a technology-oriented industry leader in fatty acid nutrition for the dairy cattle, the business horizons just open up. We talked about the future of the company with Matija Kopić, and he points out a new product in their offerings a comprehensive agri Business Intelligence platform.
French billionaire Xavier Niel wants thousands of technology entrepreneurs, investors and inventors to base themselves in the Station F mega-campus for startups he’s building in downtown Paris. According to Bloomberg he’s starting his search for them in London.
According to Bloomberg, millions of European Union citizens living in the U.K. will be required to carry identity documentation to prove they are entitled to remain in the country after Brexit, the British government said.
One of the most told success stories in Croatian IT is Osijek Software City. First started as an initiative of local IT companies, it has evolved to an association that is driving IT development in Eastern Croatia. Today they are helping companies, University and young people to reach their full potential through workshops, educations, events, conferences and positive media presence. OSC Secretary Bela Ikotić explained why they have achieved such success.
Apple and European Union competition watchdogs clashed on a public stage for the first time since regulators ordered Ireland to claw back a record-breaking 13 billion euros in back taxes from the iPhone maker, according to Bloomberg.
Russia accused foreign spy agencies of preparing cyberattacks in dozens of cities to try to undermine its banking system, according to Bloomberg. Attacks may begin on Monday with the goal “of destabilizing the financial system of the Russian Federation, including the activities of a number of major Russian banks,” the Federal Security Service, the successor body to the Soviet-era KGB, said in a website statement.
Over the past decade, there’s been an explosion of Silicon Valley start-ups and technology companies that act like banks. Now, a key U.S. regulator is inviting them to be regulated more like traditional lenders, according to Bloomberg. The Office of the Comptroller of the Currency said it plans to start accepting applications from fintech companies for a special charter that would formally subject them to federal banking rules.
Airbnb said it has agreed to drop a lawsuit against New York City challenging a law imposing penalties on people who post short-term apartment rentals in the company’s biggest U.S. market, according to Bloomberg.
The U.K. should push for large multinational companies to reveal more detailed reports on their tax affairs, a panel of lawmakers said, according to Bloomberg. The tax authority will begin to receive a confidential breakdown of the activities of large corporations doing business in the U.K.
Indonesia is widening its tax net to target global technology giants like Google and Facebook, a strategy that’s raising red flags for fear it may deter foreign investment, according to Bloomberg. Finance Minister Sri Mulyani Indrawati is seeking to squeeze more revenue out of an economy that’s been hit by weak commodity prices and subdued demand from China, Indonesia’s biggest trading partner.
Netflix is making some TV shows and movies available to watch offline, providing its users a feature that has become a must-have in emerging markets with spotty internet access as well as for American binge-watchers on the go, according to Bloomberg.
Airbnb has set an automatic limit to the number of nights hosts can rent out their homes, at a time when the platform faces increasing pressure from cities and governments, according to Bloomberg. Hosts will now need a license to rent their homes in London for more than 90 days a year, and for 60 days a year in Amsterdam, according to statements from Airbnb.
Nokia smartphones will make a comeback next year, and the current owners of the Finnish brand are betting that the connection it built with billions of consumers during a decade of dominance hasn’t been broken, according to Bloomberg. HMD Global has secured exclusive rights to use the brand for smartphones from Nokia for the coming 10 years, and will announce new devices running Google’s Android operating system in the first half of 2017, Chief Executive Officer Arto Nummela said in a phone interview.
Britain should aim to retain visa-free travel with the other 27 European Union member states after its withdrawal from the bloc, according to Bloomberg. But they will only issue work permits to skilled employees, Migration Watch U.K. said on Wednesday.
Fifteen judges at the European Union’s top court are trying to decide, once and for all, whether Uber is an app or a transport company, according to Bloomberg. The question has long vexed regulators and lawmakers across the region. Defeat for Uber, which sees itself as an app, would expose the company to stricter licensing rules, additional operative costs and the risk of a reduced availability of drivers.
One of the leading ICT companies in the Adriatic region in the segment of service providers - Combis, part of Croatia Telecom the biggest Croatian telco owned by Deutsche Telecom, presented its version of an innovative Big Data solution Husky intended for the financial industry on Trustech conference, which is held from November 29th to December 1st in Cannes (France).
Deutsche Telekom fell victim to hackers using malware that targets household devices, with hundreds of thousands of customers experiencing technical issues with their phone, internet and TV services, according to Bloomberg. Hackers infected Deutsche Telekom customers’ routers, causing as many as 900,000 of the carrier’s more than 20 million landline subscribers to lose service or see disruptions starting Sunday.
The brothers who co-founded online payments service Stripe have become Ireland’s youngest billionaires after a $150 million funding round valued the business at $9 billion, according to Bloomberg. Patrick and John Collison own about 29 percent of the business, based on an analysis of filings by private stock market Equidate. The Bloomberg Billionaires Index net worth calculation splits the founder ownership pool equally between the two, giving them each a $1.1 billion stake.
Japan’s Defense Ministry denied a report that a military computer network had suffered a high-level cyber attack in September, possibly involving a state actor, according to Bloomberg. A public affairs official at the ministry said the report wasn’t true, and that it receives numerous suspicious e-mails and other forms of contact believed to be cyber attacks on a daily basis.
Years of policing Facebook and Google on data privacy are being put to use in France to keep another player in check - the government, according to Bloomberg. As terrorism threats increase surveillance and bulk up intelligence services, France’s watchdog CNIL is deploying efforts to make sure the government doesn’t cross the line on personal information of citizens, the regulator’s president, Isabelle Falque-Pierrotin said.
Just before one of the largest business conferences "EBAN Winter University 2016" held this week in Zagreb, we talked to Davorin Štetner, the first man of CRANE, who says that it is time to change attitudes towards entrepreneurs and entrepreneurship.
Stripe raised new financing that values the startup at about $9 billion, cementing its status as a major player in the crowded digital payments space and heralding a possible initial public offering, according to Bloomberg. CapitalG, the late-stage investment arm of Alphabet, and venture capital firm General Catalyst Partners led the $150 million round, with participation from existing investors including Sequoia Capital.
U.S. telecom giant AT&T has agreed to acquire Time Warner in a deal worth $85 billion. Deal would put AT&T in control of world-famous media brands such as CNN, TNT and HBO alongside Warner Bros. Entertainment, the world’s largest film and television studio in charge of franchises such as Harry Potter, Game of Thrones and the DC Comics universe.
A Russian startup selling an analytics platform for ice hockey has signed teams from the National Hockey League and Sweden’s top division, in a sign that big-data “Moneyball" style management is advancing in one of its last unconquered major professional sports, according to Bloomberg. The New York Islanders, currently last in the NHL’s Eastern Metropolitan division, and the Swedish Hockey League’s Vaxjo Lakers, currently in seventh place, have both turned to Iceberg to improve performance, the Russian company said at a news conference in Moscow.
Japan Display may issue preferred shares to raise as much as 100 billion yen ($886 million) from a government-backed fund, a deal that amounts to a bailout of the struggling display maker, according to Bloomberg. The Tokyo-based supplier of screens to Apple has explored ways to win a cash injection from Innovation Network Corp. of Japan, its largest shareholder.
Pilots for the Air Transport Services unit that hauls packages for Amazon and DHL were ordered back to work by a federal judge, halting a strike that threatened to disrupt holiday deliveries, according to Bloomberg. U.S. District Judge Timothy Black in Cincinnati gave a nod to the holiday shopping rush in granting ABX Air’s request for a temporary restraining order for pilots to return to the cockpit.
Airbnb Inc. is in talks to acquire China’s Xiaozhu.com to expand in the nation’s home rental sharing market, according to a person familiar with the matter, according to the news report from Bloomberg. Airbnb and Xiaozhu declined to comment on whether the companies were in talks about a deal.
A day after the U.K. Chancellor of the Exchequer Philip Hammond highlighted the problem of British technology companies’ inability to grow to international scale, another one of its most promising startups was snapped up by a Chinese buyer, according to Bloomberg.
About 250 pilots employed by a subsidiary of Air Transport Services went on strike to protest alleged staffing shortages at the cargo carrier, threatening to ground flights for Amazon and DHL during the busy holiday shopping season, according to Bloomberg. ATSG’s ABX Air operates 35 flights a day for Amazon and 45 daily flights for DHL, which will be affected by the strike. The pilots are picketing outside ABX Air’s headquarters, and DHL’s North American hub.