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The newest EUBizNews reporting on companies, markets, technology, investment and policy across Europe and Latin America.

Hamburg proposes €40.1 million acquisition of Hammerbrooklyn Pavilion for startup hub
Europe

Hamburg proposes €40.1 million acquisition of Hammerbrooklyn Pavilion for startup hub

The city-state government wants the majority publicly owned Start-Up Labs Hamburg to acquire and refit the former Expo pavilion, creating a 6,000-square-metre entry point for entrepreneurs, investors and support programmes. The transaction still requires parliamentary approval, and initial occupancy is not expected before April 2027.

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Labiana secures six EU approvals and seven-country Latin American supply agreement
Companies

Labiana secures six EU approvals and seven-country Latin American supply agreement

The Spanish pharmaceutical group obtained marketing authorisations for empagliflozin medicines in Sweden and Portugal and for octreotide products in the Netherlands. It also reached an agreement to supply its Precyst women’s health supplement in seven Latin American markets and launched two injectable veterinary medicines in Spain.

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Italy proposes zero merchant fees for digital euro payments below €10
Policy

Italy proposes zero merchant fees for digital euro payments below €10

The Italian initiative would shield small businesses from charges on low-value transactions, with negotiators considering either a €0.02 ceiling or a complete exemption. The proposal is not yet EU law and forms part of wider talks over how banks, merchants and the European Central Bank will share the cost of the new payment system.

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Mistral AI raises record €3 billion at valuation above €21 billion
Companies

Mistral AI raises record €3 billion at valuation above €21 billion

The Samsung-led Series D is the largest equity fundraising announced by a European technology company. Mistral will use the capital to develop artificial intelligence models, expand its computing infrastructure and build an enterprise platform capable of competing with larger US providers.

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Uber backs Galgo to expand motorcycle financing for platform workers in Latin America
Companies

Uber backs Galgo to expand motorcycle financing for platform workers in Latin America

The undisclosed investment will support tailored credit products for drivers and couriers, beginning in Mexico before expanding to Chile and Colombia in early 2027. The partnership could lower one of the main barriers to joining the platform economy, but the companies have not disclosed loan costs, eligibility criteria or how worker data will be used.

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Brazil moves to turn its critical mineral reserves into a domestic industrial chain
Latin America

Brazil moves to turn its critical mineral reserves into a domestic industrial chain

A Senate-approved framework would mobilise up to €1.17 billion through project guarantees and incentives for local processing. Brasília wants the country to capture more value from rare earths and other strategic resources, although new powers to screen foreign investment and concerns about environmental safeguards could influence its implementation.

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EU prepares broader waste export ban to keep aluminium scrap inside Europe
Policy

EU prepares broader waste export ban to keep aluminium scrap inside Europe

The European Commission is working on a measure that would prohibit exports of waste, including aluminium scrap, to countries outside the OECD, with limited exceptions for some EU candidates. The proposal, still subject to consultation, would replace a narrower trade mechanism that Brussels concluded could affect only around half of current scrap shipments.

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Italian exports to Mercosur rise 21% to €745 million as EU trade deal takes effect
Europe

Italian exports to Mercosur rise 21% to €745 million as EU trade deal takes effect

Brazil accounted for nearly four-fifths of Italian exports to the South American bloc in May, while Uruguay and Paraguay recorded the highest percentage increases. The figures coincide with the first month of provisional application of the EU–Mercosur trade agreement, although a longer data series will be needed to measure its impact.

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Spain's Norvento targets Latin America’s utility-scale energy storage market with new 9 MVA platform
Companies

Spain's Norvento targets Latin America’s utility-scale energy storage market with new 9 MVA platform

The Galician renewable energy company plans to supply power conversion technology for large battery and solar projects, prioritising Brazil, Chile, Argentina, Mexico and Guatemala. Its strategy represents a shift from industrial microgrids towards grid-scale installations, although Norvento does not intend to assume the role of full battery-system integrator.

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Argentina moves to extend sanctions against companies linked to Falkland Islands oil projects
Latin America

Argentina moves to extend sanctions against companies linked to Falkland Islands oil projects

President Javier Milei announced measures to accelerate penalties against companies operating around the Falkland Islands (Islas Malvinas) without Argentine authorisation. The initiative could extend restrictions to shareholders, directors, suppliers and financial partners involved in the Sea Lion oil project, although its implementation will remain contested by the companies, the islands’ authorities and the United Kingdom.

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