#europe

The article contrasts European and American economic philosophies, arguing that Europe prioritized social safety nets and economic stability (insurance), while the U.S. focused on innovation, risk-taking, and faster growth. It suggests these divergent choices have led to differences in wealth, productivity, and living standards between the two regions.

German startup Quantum Systems has raised a €1 billion funding round to develop quantum technologies. Meanwhile, Finnish competitor IQM has become Europe's first publicly listed quantum computing company, marking a milestone for the continent's quantum sector.

A Microsoft disclosure to the Danish government reveals that the company routed $37 billion in profits through a subsidiary in Ireland, where the effective tax rate was less than 1% in 2020. The document offers a rare public look at how the tech giant used Irish tax laws to avoid paying higher taxes in other countries where it operates.

A new poll reveals that Europeans are deeply divided over whether to align more closely with the United States or China, reflecting growing geopolitical tensions and shifting global alliances. The survey shows significant variation in attitudes across different European countries, with no clear consensus on which superpower to prioritize in foreign policy and economic relations.

A June heatwave in Europe is estimated to have caused around 20,000 excess deaths, according to a new analysis. The study highlights the ongoing deadly impact of extreme heat linked to climate change across the continent.

A developer launched NEUX, a daily briefing platform focused on Europe's critical industries, covering areas like manufacturing, energy, and defense. The service offers curated highlights with source links and allows users to subscribe to specific topics of interest.

Portugal has launched its first open-source AI model, developed by the Deucalion project, aiming to support Portugal's and Europe's digital sovereignty by reducing reliance on foreign AI technologies. The model is part of a broader European push to develop independent AI capabilities that align with local languages, values, and data regulations.

Uruky is a paid, ad-free search engine based in Europe that focuses on privacy and impartial results. Unlike free search engines that rely on advertising or data monetization, Uruky charges users directly for access, aiming to decouple search quality from commercial incentives and provide unbiased information retrieval.

This article compares key differences between the Korean, US, and European patent systems, covering topics such as grace periods, novelty standards, patentable subject matter, examination procedures, and opposition systems, highlighting how each jurisdiction's unique rules affect patent strategy for applicants.

Europe is facing extreme heat waves, yet air conditioning adoption remains low compared to the U.S., due to factors like high installation costs, cultural resistance, urban planning limitations, and concerns over energy use and climate impact.

KKR is planning to enter the UK and European pension buyout market, seeking to capitalize on growing demand from companies looking to offload pension liabilities. The US private equity firm aims to rival established players in the bulk purchase annuity sector.

The article argues that the United States holds significant control over global AI infrastructure, warning that Europe risks falling behind and becoming dependent. It urges Europe to accelerate its own AI development, investment, and regulatory approach to avoid being left vulnerable to US dominance in the sector.

Reddit is introducing age verification for users in the European Union to comply with the Digital Services Act (DSA). The measure aims to ensure compliance with local regulations regarding age-appropriate content and user safety on the platform.

The article examines the heated debate in Europe over the increasing adoption of air conditioning, driven by rising temperatures from climate change. It contrasts the push for cooling with concerns over energy consumption, environmental impact, and cultural resistance, highlighting polarized opinions and the complexities of balancing comfort with sustainability.

The article explains the Cloud Security Act and its implications for ASML and Europe. It outlines how the new regulations aim to strengthen cloud data protection, potentially impacting ASML's operations and the broader European tech sector by imposing stricter compliance requirements on cloud service providers and their customers.

Europe is hesitant to build AI data centers in Iceland despite its abundant renewable energy and cold climate, due to high construction costs, limited infrastructure, and geographic remoteness from major data hubs.

A comparison states that annual heat-related deaths in Europe exceed gun-related deaths in the United States.

Europe's cultural and infrastructural resistance to air conditioning, driven by cost and climate concerns, is causing discomfort and health risks amid rising heatwaves, a contrast to widespread AC use in the US and Asia.

The article argues that Europe's lack of air conditioning is not solely due to climate or cultural preferences, but also because of architectural and urban planning decisions—such as thick stone walls, large windows without shading, and a focus on preserving historic cityscapes—that trap heat, making retrofitting for AC difficult and expensive.

President Donald Trump has threatened to impose a 100% tariff on European countries that implement a digital services tax. The threat comes as part of ongoing trade tensions between the U.S. and Europe, with Trump targeting nations he says unfairly tax American technology companies.

Only about 20% of European households have air conditioning, compared to over 90% in the US. Climate change is boosting demand, but high costs and inadequate building infrastructure limit adoption across the continent.

A data analysis indicates that heat waves in Europe cause more deaths annually than gun violence does in the United States. The article highlights the severe health impacts of rising temperatures due to climate change, contrasting the deadliness of extreme heat in Europe with American gun-related fatalities.

The article examines whether European cities should adopt US-style housing policies, such as deregulation and market-driven development, to address housing affordability crises. It contrasts Europe's stronger tenant protections and land-use restrictions with America's more permissive building regimes, weighing potential trade-offs between affordability, stability, and urban character.

A severe heat wave sweeping across Europe has broken temperature records in Denmark, Switzerland, and the Czech Republic, with multiple cities reaching all-time highs. The extreme weather has prompted health warnings and raised concerns about the impact of climate change on the continent.

The article examines why Europe, despite having a relatively mild climate, suffers disproportionately high heat-related deaths compared to other regions. It attributes this to factors such as aging infrastructure, lack of widespread air conditioning, an older population, and cultural norms, arguing that European cities are structurally unprepared for rising temperatures due to climate change.

Payment company SumUp experienced a service outage across Europe for the second time, causing disruptions for merchants. The company reported the incident via its status page and worked to restore services. No further details on the cause or scope were provided.

A record-breaking European heatwave is forcing power plants to shut down as cooling water grows too warm or scarce. Nuclear and coal-fired plants in France, Germany, and Spain have cut output or halted, straining grids amid surging cooling demand.

The Economist's analysis charts where Europe's heatwaves are most deadly, finding that southern and eastern regions—especially parts of Spain, Italy, and the Balkans—face the highest mortality risks due to aging populations, urban heat islands, and limited air-conditioning use.

Slough, home to Europe's largest datacentre hub, is struggling with excessive heat generated by the facilities. The datacentres consume vast amounts of electricity and produce significant waste heat, raising local temperatures and straining infrastructure. Residents describe the town as feeling like an unintended experiment in urban heat management.

Europe's extreme heat wave is straining the power grid, raising concerns about energy reliability. Meanwhile, IBM has unveiled a new chip architecture that challenges Moore's Law by improving transistor density and performance without relying on traditional miniaturization.