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Resilient European tech startups near record $41 billion investment, report Technology Photos Douglas Busvine BERLIN (Reuters) - European tech startup investment has bounced back from the spring shock of the coronavirus outbreak and is on track to hit a record high this year, venture capital firm Atomico forecast. FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid FILE PHOTO: The Adyen logo is seen at the reception desk of the company s headquarters in Amsterdam, Netherlands August 24, 2018. REUTERS/Eva Plevier Venture backing for tech rebounded to a monthly record of $5 billion in September, putting a high of $41 billion for 2020 within reach, the study released on Tuesday predicts. ....
Germany pledges 3 billion euros to support crisis-hit autos sector Technology Photos Reuters Staff BERLIN (Reuters) - Germany will earmark 3 billion euros ($3.56 billion) to support the development and production of climate-friendly cars as the auto industry grapples with challenges posed by the COVID-19 pandemic and global climate crisis, the government said on Tuesday. The industry, already facing growing competition from Chinese and U.S. rivals who are widely seen as having stolen a march over Germany in electric mobility, has also been badly hit by the collapse in demand caused by the coronavirus crisis. A central element of the scheme is the allocation of 1 billion euros to extend to 2025 a consumer rebate for buying electric cars that had been planned to end next year. ....