Business & Technology
Energy-intensive industry unhappy with ETS reform
According to Politico Europe, energy-intensive industries are expressing dissatisfaction with the reform of the EU Emissions Trading System (ETS).
Politico Europe · 17 Jul, 16:36
London-based aerospace tech company Greenjets raises €35 million Series A with NATO backing
Greenjets, which develops propulsion systems and aircraft for next-generation aviation, has closed a €35 million Series A round. The investment was led by Blossom Capital, with participation from the NATO Innovation Fund and others.
EU-Startups · 17 Jul, 15:37
Latvia records 5,524 new businesses in first half – up 8.4% year-on-year
In the first half of 2026, Latvia saw an 8.4% increase in newly registered businesses and a 36.6% decrease in liquidations, according to the Enterprise Register.
Dienas Bizness · 17 Jul, 15:36
Xreal XBX a01+ – Lightweight and bright AR glasses for $299
Xreal has released the XBX a01+ AR glasses at $299, featuring 1,600 nits peak brightness, a 62-gram weight, and ease of use with no setup required.
Engadget · 17 Jul, 15:36
Farmers' Saeima: Reduced VAT Is Not Direct Support for Farmers
The Farmers' Saeima argues that reduced VAT on food does not lower production costs and does not benefit most farmers, contradicting the agriculture minister's statements.
Dienas Bizness · 17 Jul, 14:37
India launches first hydrogen-powered passenger train to cut emissions
India has put into service its first domestically built hydrogen passenger train, marking a step toward cleaner transport and energy independence.
Euronews · 17 Jul, 14:37
Tesla selling $225 balance bike for kids
Tesla has introduced a $225 balance bike for toddlers, a pedal-less push bike that is already sold out on its website.
Engadget · 17 Jul, 14:37
Latvia's inflation in June exceeds EU average
In June, Latvia's annual inflation rate was 3.3%, higher than the EU average of 2.9% and the eurozone average of 2.8%.
Jauns.lv · 17 Jul, 13:37
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Eurostat: Latvia's annual inflation in June higher than EU and eurozone averages
According to Eurostat, Latvia's annual inflation stood at 3.3% in June, exceeding the EU average of 2.9% and the eurozone average of 2.8%.
TVNET · 17 Jul, 13:37
$10K Bounty Aims to Make Sony’s PlayStation 5 a Computer Again
The advocacy group Fulu offers a $10,000 bounty for anyone who can bypass Sony's software locks on the PS5 to install Linux, restoring general-purpose computing capabilities to the console.
Wired · 17 Jul, 13:36
Berlin AI lab Prior Labs acquired by SAP for €1 billion investment 18 months after launch
Berlin-based frontier AI lab Prior Labs has been acquired by SAP in a deal backed by over €1 billion in investment. The company, founded in 2024 and specializing in tabular foundation models for enterprise data, will continue to operate under its own brand with independent leadership and research agenda.
EU-Startups · 17 Jul, 13:36
Portugal faces sharp fuel price hike: diesel and petrol to rise from Monday
From July 20 to 26, fuel prices in Portugal will increase sharply, with diesel rising by 13.5 cents and petrol by 6.5 cents per litre, reaching €1.988 and €1.980 respectively. The surge is driven by the ongoing Middle East war affecting crude markets.
Euronews Business · 17 Jul, 12:38
Grain Harvest Season Begins in Latvia; Crop Volume Assessed as Good
The grain harvest season has started in Latvia. Farmers in Zemgale are collecting the first barley and delivering it to grain storage towers in Dobele. Industry representatives assess the harvest volume as good, and grain prices have slightly increased, but fluctuating fuel prices are causing higher costs.
LSM · 17 Jul, 12:36
EU-Ukraine Drone Alliance brings together startups and defence groups to scale unmanned technologies
The newly formed EU-Ukraine Drone Alliance, backed by the European Commission, includes nine European and nine Ukrainian founding members, ranging from startups like Quantum Systems and Destinus to major industrial groups. The initiative aims to combine Ukraine's battlefield drone experience with Europe's industrial capacity for joint production and technology development.
EU-Startups · 17 Jul, 11:37
PTAC Fines DelfinGroup €285,000
The Consumer Rights Protection Centre (PTAC) has imposed a €285,000 fine on non-bank lender DelfinGroup.
LSM (rus) · 17 Jul, 11:36
US Restrictions Drive China's Tech Self-Reliance, Intensifying Global Competition
American-led curbs on advanced technology access have pushed China to accelerate its own research and development, heightening the technological rivalry between the two superpowers.
NPR World · 17 Jul, 10:38
Nissan Qashqai Reaches Four Million Units Produced in Europe
Since its debut in 2006, the Nissan Qashqai has reached a production milestone of four million units in Europe, solidifying its role in the compact crossover segment.
iAuto.lv · 17 Jul, 10:37
Volvo Cars Returns to Profit in Second Quarter
The Swedish automaker Volvo Cars posted a profit in the second quarter of 2024, driven by cost reductions and lower research and development expenses compared to the same period last year.
Dienas Bizness · 17 Jul, 10:37
Coca-Cola's dairy company fairlife hit with a ransomware attack
Coca-Cola's dairy subsidiary fairlife has suspended its US operations after a ransomware attack that compromised production systems. The incident is under investigation, and the full impact is not yet known.
Engadget · 17 Jul, 10:37
Trump Media Plans to Sell Faster Access to President's Market-Moving Posts
Donald Trump's media company TMTG announced a paid service providing financial institutions real-time access to posts from influential Truth Social accounts. The service, aimed at high-frequency trading firms, is set to launch on August 1, 2026.
Euronews Business · 17 Jul, 10:36
DelfinGroup: PTAC Imposes Fines Without Doing Homework
DelfinGroup criticizes the Consumer Rights Protection Centre (PTAC) for fining individual companies instead of implementing systemic changes in credit information. The company says it already voluntarily does what PTAC now demands.
Dienas Bizness · 17 Jul, 09:37
Trump Media to sell early access to key Truth Social posts
The company behind Truth Social will offer a paid service for institutional investors to receive posts from top accounts instantly, starting August 1.
BBC World · 17 Jul, 09:37
LMT Group Half-Year Revenue Reaches €169.3 Million; Investment in Network and New Technologies
LMT Group reported half-year revenue of €169.3 million, with EBITDA up 2.5% to €47.4 million. The company continues to invest in network development and international technology projects.
Dienas Bizness · 17 Jul, 08:37
China's model is flawed, top MEP warns trade pressure could test Beijing's stability
German liberal MEP Engin Eroglu, chair of the European Parliament's delegation for relations with China, argues that restricting EU market access could undermine China's export-driven economy and pose political risks to Beijing.
Euronews Business · 17 Jul, 08:36
Number of newborns in Latvia decreases by 4.5% in five months
In the first five months of 2026, fewer babies were born in Latvia, while the number of deaths increased, according to latest data.
Dienas Bizness · 17 Jul, 07:36
Moscow Appeals Court Upholds 18.17 Trillion Ruble Order Against Euroclear
A Moscow appeals court rejected Euroclear's petition, keeping in force a ruling that orders the Belgian depositary to pay 18.17 trillion rubles, related to €190 billion of Russia's frozen assets.
Meduza · 17 Jul, 06:38
xAI files first lawsuit against Grok user for generating child sexual abuse material
Elon Musk's xAI has filed its first lawsuit against a Grok user accused of creating illegal child sexual images, while arguing that only users should be liable for AI-generated content.
Ars Technica · 17 Jul, 06:38
Kozlovskis: airBaltic Business Plan No Longer Focuses on Global Growth
Transport Minister Kaspars Kozlovskis has stated that airBaltic's new business plan no longer emphasizes global growth, and the state is not willing to simply cover losses but expects a viable plan to attract investors.
Dienas Bizness · 17 Jul, 06:37
Anthropic Pushes US States to Adopt Stricter AI Regulations
Anthropic, which previously backed transparency laws in California and New York, now argues they are outdated and is urging states to impose tougher requirements, including third-party audits. Critics accuse the company of regulatory capture.
Wired · 17 Jul, 05:38
NTSB investigators confirm Tesla driver overrode Full Self-Driving system in fatal crash
A preliminary NTSB investigation reveals that the driver of a Tesla Model 3 that killed a woman in Texas last June manually overrode the vehicle's Full Self-Driving system by pressing the accelerator pedal fully, disabling the automated feature.
Engadget · 17 Jul, 05:38
SpaceX Scrubs Starship Launch After Engines Fail to Ignite
SpaceX called off a Starship test flight Thursday after the Super Heavy booster's engines did not start, triggering an automatic abort. The next attempt is expected early next week after engine replacements.
Ars Technica · 17 Jul, 05:37
Global automaker ranking sees shake-up: BYD drops out of top 10, Stellantis surprises with growth
In the first quarter of 2026, global new car registrations fell by 2%, while the list of top automakers saw major shifts – Chinese giant BYD saw a 30% sales decline, dropping it out of the top 10.
iAuto.lv · 17 Jul, 05:37
Three Ivorian firms successfully compete with global brands
Ivorian companies Petro Ivoire, Djamo, and Kaira Holding are gaining ground in fuel, digital banking, and cosmetics, challenging established multinationals.
Al Jazeera · 17 Jul, 05:37
Activist Group Fakes Meta Glasses Ads at London Bus Stops to Protest Surveillance
An activist group has placed fake advertisements for Meta's smart glasses at two London bus stops, using optical illusions and provocative slogans to criticize the company's approach to recording and surveillance.
Engadget · 17 Jul, 04:37
HP fined 1.4 billion rupees in India for cartelizing ink cartridges, toner, PCs
India's competition regulator imposed a massive fine on HP for colluding with resellers on bid rigging, price fixing, and customer allocation.
Ars Technica · 17 Jul, 04:36
Telstra blames missing software update for nationwide outage, undocumented design change
Australian telecom company Telstra revealed that last week's nationwide mobile network outage was caused by a missing software update on a time-synchronisation server and an undocumented design change that maintenance staff were unaware of.
The Guardian World · 17 Jul, 04:36