Finnish tech leader in telecoms and consumer electronics
The new government has announced measures to relieve cost-of living pressures, including energy VAT cuts, bus-fare caps, and business-rate relief for pubs, while warning that relief will require careful budgeting. Ministers are also preparing for the next budget, with a focus on fiscal discipline and potential funding shifts.
The Times of Israel reports Team8 has secured a fresh funding round led by global investors, expanding its assets to nearly $2 billion. The third venture fund will invest in Israeli-founded AI startups across cybersecurity, software infrastructure, fintech and digital health, with additional dollars allocated to follow-on investments.
Samsung and SK Hynix shares fall more than 3% as DeepSeek says it has reduced high-bandwidth memory in its AI models, dimming investors’ optimism after July’s rebound and amid rate-hike fears.
The Norwegian Nobel Committee has awarded the 2026 Peace Prize to South African jurist Navi Pillay for her decades-long work enforcing international law, including leadership at the Rwanda tribunal, service on multiple international courts and chairing a UN inquiry that concluded Israel committed genocide in Gaza. Pillay received the news while attending a legal forum in Nuremberg.