A coalition of European startups has urged swift action to slash burdensome EU regulations after a landmark declaration from the D9+ group of digitally advanced nations. The declaration stressed the need for “removing barriers” and “simplifying EU rules and procedures.” Ministers from all 13 countries in the D9+ — Belgium, the Czech Republic, Denmark, Estonia, Finland, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Slovenia, Spain, and Sweden — signed the statement. They emphasised the need for a “reviewed digital rulebook” that is “deregulated where possible” and “avoids unnecessary red tape.” A startup group has called for the ministers to back up their…
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San Francisco-based 23andMe, which sells at-home DNA testing kits, has filed for bankruptcy in the US and is looking for a new buyer — heightening concerns about the personal data of millions of people. 23andMe experienced a major data breach in 2023, which exposed personal information like family trees, birth years, and geographic locations of approximately half of the company’s 15 million users. Now, with the company sinking, 23andMe customers are considering deleting their accounts amid fears of another hack or changes to the company’s privacy controls under a new owner. In the EU and the UK, 23andMe users are…
Just five months after surpassing ASML, German software giant SAP has overtaken Novo Nordisk to become Europe’s most valuable listed company. SAP’s shares rose 1.6% on Monday, bringing its market cap to €313bn. That was just enough to nudge Danish weight loss drugmaker Novo off the top spot. SAP’s stock has risen more than 40% in the past year, amid booming demand for its AI-driven enterprise resource planning software (ERP). The cloud-based software centralises business data, allowing multiple departments to access and share information in one place. In contrast, Novo is having a tougher time on the stock market. Novo’s…