Business & Technology
Europe's startups face risk from AI provider dependency
European startups relying on AI solutions face significant risk from dependency on a single provider, as changes in model quality, pricing, or access can threaten their business.
EU-Startups · 8 Jul, 15:37
Apple loses EU court fight over App Store 'gatekeeper' status
The European Union's top court rejected Apple's challenge against its designation as a digital gatekeeper under the Digital Markets Act, forcing the company to continue allowing rivals to interoperate with its five app stores.
Engadget · 8 Jul, 14:37
Annual Inflation in Latvia Falls to 3.4% in June
Latvia's annual inflation rate dropped to 3.4% in June, driven by rising housing and transport costs, while food prices continued to decline.
Dienas Bizness · 8 Jul, 14:36
9 Best Portable Power Stations (2026) Tested: Sodium-Ion Model Excels in Cold Weather
Wired magazine tested nine portable power stations, finding the Bluetti Pioneer Na with a sodium-ion battery best for cold weather, capable of charging at -15°C and operating at -25°C.
Wired · 8 Jul, 14:36
Annual inflation in June fell to 3.4%
Consumer prices in Latvia remained unchanged in June compared to May, while the annual inflation rate dropped to 3.4% from 3.5% in May, according to the Central Statistical Bureau.
LSM (rus) · 8 Jul, 14:36
TechChill to Hold Olympic Games for Baltic Startup Founders This Summer
TechChill is organizing a special Olympic-style event this summer for Baltic startup founders and anyone interested in the startup ecosystem.
Labs of Latvia · 8 Jul, 13:37
OnlyFans Creators Are Accidentally Revealing Hacked Government Websites
A new analysis by cybersecurity firm UpGuard shows that DMCA takedown requests filed by adult content creators are inadvertently exposing thousands of compromised government and university websites used for scams.
Wired · 8 Jul, 13:37
London-based Axle Energy raises €21 million for energy flexibility as power demand grows
British energy flexibility platform Axle Energy has secured €21 million ($25 million) in Series A funding to expand across the UK and international markets, enabling it to connect more distributed energy assets and strengthen partnerships with OEMs, utilities, and fleet operators.
EU-Startups · 8 Jul, 13:36
EIC-backed startups turn international exposure into real business
While many startups find international trade fairs yield few tangible results, those supported by the European Innovation Council's Business Acceleration Services are proving otherwise.
EU-Startups · 8 Jul, 12:36
Samsung to launch new wide foldable on July 22nd
Samsung has announced its next Galaxy Unpacked event for July 22, expected to introduce a third foldable format – a shorter and wider model, alongside updates to Flip, Fold, and Galaxy Watches.
The Verge · 8 Jul, 11:37
New Platform “LatBrit” Launched for Latvian Entrepreneurs in Latvia and the UK
A platform named “LatBrit” has been created to foster cooperation between Latvian entrepreneurs based in Latvia and the United Kingdom.
Dienas Bizness · 8 Jul, 11:36
AI chip maker SambaNova raises $1B at $11B valuation five months after last mega round
SambaNova Systems completed the first close of its Series F round, raising $1 billion at an $11 billion valuation led by General Atlantic. The company plans to use the funds to scale operations and secure its supply chain while deepening partnerships with Intel and JPMorganChase.
TechCrunch · 8 Jul, 10:37
AI chip startup SambaNova raises $1B at $11B valuation, announces JPMorgan partnership
SambaNova Systems has raised $1 billion in a Series F round led by General Atlantic, reaching an $11 billion valuation. The company also revealed JPMorganChase as a key customer for its on-premises AI inference systems.
TechCrunch AI · 8 Jul, 10:37
Leipzig-based Birdsview raises €2.5 million Seed to scale Avys, its AI email marketing agent for online shops
Birdsview, the startup behind the AI email marketing agent Avys for e-commerce, has secured €2.5 million in Seed funding to expand its operations.
EU-Startups · 8 Jul, 10:37
Train in Congo Forces Its Way Through Garbage (+ VIDEO)
A video from the Democratic Republic of the Congo shows a train traveling from Matete to Kinshasa pushing through piles of garbage.
iAuto.lv · 8 Jul, 10:36
Water and sewage networks to be renovated in Mangaļsala
SIA "Rīgas ūdens" will soon start reconstruction of water and sewage networks in Mangaļsala to ensure safe and quality services.
Dienas Bizness · 8 Jul, 10:36
Dutch startup Aardaia raises €5 million to turn wild plants into new crops and develop its 'protein potato'
Wageningen-based Aardaia announced a €5 million Seed round led by Point Nine, with Astanor and Grey participating, to expand its breeding platform and accelerate development of its flagship aardaker, a protein-rich tuber that creates a new crop category.
EU-Startups · 8 Jul, 09:37
Riga Housing Prices Grow Twice as Fast as Rents
In Riga, home purchase prices have risen by 10–14% over the past year, while rental increases remain moderate, according to data from real estate company “Latio”.
Dienas Bizness · 8 Jul, 09:36
airBaltic to Return Two Airbus A220-300 Aircraft Early
Latvian airline airBaltic has reached a mutual agreement with a lessor to return two aircraft at the end of June, citing fleet optimization.
Delfi · 8 Jul, 09:36
10.1 million passengers carried by trains in first half of year – slight decline compared to 2025
In the first six months of 2026, Latvian trains carried 10.1 million passengers, 0.3% fewer than in the same period last year.
LSM · 8 Jul, 09:36
Groupon Summer Deals: Up to 80% Off on Activities and Services
Groupon is offering multiple promotions including 80% off summer activities, 20% off for new email subscribers, and an extra 30% off museums and tours.
Wired · 8 Jul, 08:37
Ministry forecasts Estonia's inflation to fall in 2026
Estonia's Ministry of Finance, in its June inflation review, indicated that easing Middle East conflict could bring inflation below the spring forecast of 4%, with further decline expected in 2026.
ERR News · 8 Jul, 08:36
Uzbekistan invests billions to boost value of food and metal exports
Uzbekistan is pursuing a multi-billion-dollar processing strategy to retain more value from agricultural and metal exports, while facing challenges in infrastructure and transparency.
Euronews Business · 8 Jul, 07:37
European Parliament Approves Enhanced Air Passenger Rights
The European Parliament has overwhelmingly approved updated rules strengthening air passenger rights, including compensation for delays and cancellations, baggage policies, and support for passengers with special needs.
Dienas Bizness · 8 Jul, 07:37
Bauska Region: BMW Driver Caught Speeding at 177 km/h
Police in Bauska region caught a BMW driver exceeding the speed limit by 87 km/h, driving at 177 km/h in a 90 km/h zone. The driver was fined 1400 euros and banned from driving for 12 months.
iAuto.lv · 8 Jul, 06:37
Russia says it won't tax VPN traffic after all
Russia's Digital Development Ministry confirmed it will not introduce fees for international internet traffic, including VPN traffic, reversing earlier plans to charge heavy users.
Meduza · 8 Jul, 06:37
Billion-Dollar Companies Want to Reshape App Store Rules, Threatening Small Developers
Big tech firms are lobbying UK regulators to weaken app store security and reduce fees, but the Association for Competitive Technology warns that such changes would undermine the trust and safety that small developers rely on.
Politico Europe · 8 Jul, 06:36
Global stock markets fall, oil prices rise after tanker attacks in Strait of Hormuz
Global stock markets mostly declined on Tuesday amid concerns over the artificial intelligence sector, while oil prices increased following attacks on three tankers in the Strait of Hormuz.
Dienas Bizness · 8 Jul, 06:36
FCC Proposes to Make It Easier for ISPs to Hide Junk Fees
The Republican-led U.S. Federal Communications Commission has proposed changes to broadband nutrition labels that would allow internet service providers to aggregate fees rather than itemizing them, which critics say will worsen the problem of hidden charges.
Engadget · 8 Jul, 05:38
Doom Developer id Software Reportedly Losing Half Its Staff
As part of Microsoft's mass layoffs, the creator of Doom, id Software, is reportedly cutting around 50% of its workforce, potentially affecting about 90 jobs.
Engadget · 8 Jul, 04:37
Supreme Court allows Texas to enforce age verification law for app stores
The U.S. Supreme Court has permitted Texas to enforce a law requiring app stores to verify users' ages and restrict access for minors.
Ars Technica · 8 Jul, 04:37
Surprisingly large number of people may have marker for tick-linked meat allergy
A new study finds that in some parts of the US, up to 30% of people carry antibodies for tick-induced red meat allergy, far exceeding the number of diagnosed cases.
Ars Technica · 8 Jul, 03:37
Yandex reportedly plans to cut up to 15% of Marketplace staff
Yandex may lay off up to 15% of its e-commerce platform Yandex Market employees while offering rotations to other positions within the company, according to Russian business media reports.
Meduza · 8 Jul, 03:37
Next Samsung Galaxy Unpacked event set for July 22
Samsung has announced its next Galaxy Unpacked event on July 22 in London, expected to unveil new foldables including the Galaxy Z Flip 8 and possibly two versions of the Galaxy Z Fold 8.
Engadget · 8 Jul, 03:37
Meta’s glasses will turn off the camera if you tamper with the privacy light
Meta is rolling out an update that disables the camera on its smart glasses when tampering with the privacy LED is detected. The move follows increased scrutiny and misuse.
The Verge · 8 Jul, 03:36
Australian house prices fall but remain double the decade-ago level
While Australian house prices have declined in recent months, they are still more than double what they were a decade ago, and affordability has worsened.
The Guardian World · 8 Jul, 03:36