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European startups are being flooded with cash thanks to mega-rounds and US giants hovering for deals

“The figure is a substantial jump from the estimated $25 billion invested into European startups in 2018” writes Callum Burroughs for businessinsider.com. The continent is on track to see $34.3 billion invested in European startups, with household names emerging across finance, online retail, insurance, transport, and health.Atomico Still, there has been a noticeable influx of big deals led by foreign investors. Source: businessinsider.com

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Defining Fights: Bellator Europe 6 main event star Michael ‘Venom’ Page

“The London Shootfighters-trained star has a reputation for being one of the most flamboyant, spectacular, yet polarizing fighters in the world as Page (15-1 MMA, 11-1 BMMA) has compiled a resume packed with highlight-reel finishes and memorable post-fight celebrations” writes Nolan King for usatoday.com. Ahead of his main event clash with Italy’s Giovanni Melillo in London this weekend, we take a look at the six fights that have helped define the career of the man known to the MMA world as “MVP.” The fight that started it all saw Page…

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Markets News Stocks 

Europe markets set for muted open as US-China trade talks dominate sentiment

“London’s FTSE is expected to open 2 points lower at 7,295, Germany’s DAX 5 points lower at 13,229 and the French CAC index is seen 4 points lower, according to IG. Markets in the region are bucking the trend seen in the Asia trading session where stocks were mostly higher Monday” writes Holly Ellyatt for cnbc.com. European stocks are expected to open lower on Monday amid ongoing focus on developments in U.S.-China trade talks. Source: cnbc.com

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Here’s why Europe has mostly ditched wealth taxes over the last 25 years — even as Elizabeth Warren and Bernie Sanders seek them for the US

“In Austria, “high administrative costs” and “the economic burden on Austrian enterprises” led the country to abolish their wealth tax in 1994, noted a wealth tax study from the Leibniz Institute for Economic Research at the University of Munich” writes Joseph Zeballos-roig for businessinsider.com. Twelve European countries had a wealth tax in 1990, according to the Organization for Economic Cooperation and Development.And the wealth tax that Europe piloted in the past has animated liberal voters in the primary.But most have kept the continent at arm’s length when it comes to…

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Markets News Stocks 

European stocks edge lower as US-China talks hit stalemate; Germany avoids technical recession

“European stocks traded slightly lower Thursday morning as trade negotiations between the U.S. and China are understood to have hit a roadblock” writes Elliot Smith for cnbc.com. Asian stocks were mixed during Thursday afternoon trade as Chinese industrial production data missed expectations.Just one month after agreeing in principle on the so-called phase one of a trade deal, the world’s two largest economies have reached a stalemate in negotiations. Source: cnbc.com

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Early Google and Apple backer Sequoia Capital is actively hiring to boost its investments in European startups

“Sources told Business Insider that Sequoia Capital is looking to hire investors to source startup deals from Europe for the first time, to support Miller” writes Shona Ghosh for businessinsider.com. Legendary Silicon Valley investment firm Sequoia Capital is actively looking to boost its footprint in Europe, seeking to hire investors on the ground for the first time. Source: businessinsider.com

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Markets News 

The US could end up running on gasoline forever, leaving electric vehicles to China and Europe

“That EV sales growth has been so weak, relative to expectations, means consumers fundamentally don’t want the cars” writes Matthew Debord for businessinsider.com. The US runs on gas, Europe runs on a mix of diesel and electricity, and China takes all the EV growth.Aly Song/Reuters In the decade I’ve been covering the auto industry, I’ve never seen a bigger mismatch between market expectations for electric vehicles and market realities.This is where the EV growth is likely to happen. Source: businessinsider.com

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The EU just agreed on 13 more weapons projects to develop more firepower independently of the US

“BRUSSELS (Reuters) – European Union governments gave the green light on Tuesday for 13 new defense projects in a step to develop more firepower independently of the United States” writes Robin Emmott for businessinsider.com. The projects took months to negotiate, but French President Emmanuel Macron underlined the desire for deeper EU defense collaboration last week when he said the US-led NATO defense alliance was dying.Under plans agreed by EU defense ministers in Brussels, work will begin on a new patrol vessel, an electronic jamming weapon for aircraft and technology to…

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Darktrace and Depop backer Balderton Capital is raising a new $400 million fund for European startups

“London-headquartered venture capital firm Balderton has launched a new $400 million investment fund to back early-stage startups in Europe” writes Callum Burroughs for businessinsider.com. Last year saw a record high funding for European startups with  with the total amount of venture capital funding flowing into European startups hitting $27.2 billion.”Capital is so much more accessible to companies than before and funds are sitting on a lot of cash,” he added.Europe’s startups will soon have access to a massive new pool of funding. Source: businessinsider.com

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Swedish electric scooter startup Voi scores $85 million to transform the future of urban transport in Europe

“VOI will also use the funding to continue building a profitable business in existing and new cities where it operates” reports techstartups.com. VOI Technology, a Swedish tech startup that owns, operates, and manages electric scooters for urban commuters in Stockholm, has raised $85 million from new investors and existing to continue its mission of building a profitable micro-mobility business that transforms the future of urban transport. Source: techstartups.com

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