Alphabet’s VC arm backs little-known SAP rival Odoo, boosting valuation to $5.3 billion
Odoo, an enterprise software startup rivalling SAP, boosted its valuation to $5.3 billion in a secondary share round led by Alphabet’s VC fund and Sequoia.
Europe
European Central Banks warns of trade tension risks to euro zone financial stability
The Financial Stability Review also said weak growth was now a bigger threat to the 20-nation euro zone than high inflation.
UK inflation surges above Bank of England’s 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.
What Trump’s return to the White House could mean for global bond yields
It is thought that Trump’s pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.
You could ‘escape from reality’ and cruise around the world until 2028—if you have at least $40,000/year to spend
Villa Vie Residences announced the launch of its Tour La Vie program, starting at $40,000 a year.
Russia says Ukraine attacked it using U.S. long-range missiles, signals it’s ready for nuclear response
Russia has signaled to the West it’s ready for a nuclear confrontation.
Russia-U.S. tensions briefly hit global markets as Putin lowers the threshold for a nuclear strike
Stocks briefly fell and investors fled to safe haven assets on Tuesday, as global markets reacted to escalating tensions between the world’s two largest nuclear powers.
European tech funding declines for third consecutive year — but the sector is finally stabilizing
VC investment in European startups is projected to decline for a third straight year, according to Atomico — but there are signs things are finally stabilizing.
Germany’s Thyssenkrupp pops 10% after narrowing net loss and booking $1 billion impairment charge
Thyssenkrupp on Tuesday reported a 1-billion-euro ($1 billion) impairment on its struggling steel division.
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
Financial technology unicorns aren’t in a rush to go public even after buy now, pay later firm Klarna filed for a U.S. IPO.