German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B June 1, 2021 By Douglas Busvine BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called...
German Vaccine Maker Says Waivers for Vaccines Not Right Approach April 28, 2021 By Douglas Busvine The granting of intellectual property waivers is not the right way to increase output of COVID-19 vaccines, the founder of...
Europe’s Hopes for Digital Health Passports Face Security, Fraud, Political Challenges April 26, 2021 By Douglas Busvine and Clara Laeila Laudette As Europe races to set up a digital health pass scheme to save the holiday season from the pandemic, technical...
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger March 11, 2021 By Douglas Busvine BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones...
German Insurtech Startup Wefox Expects Profitable 2021 December 15, 2020 By Douglas Busvine BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable...
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary July 7, 2020 By Douglas Busvine and Arno Schuetze BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the...
‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion June 25, 2020 By Douglas Busvine, Jörn Poltz and Arno Schuetze Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst...
SAP Admits to Security Lapses in Some Products, but Says There Was No Data Breach May 6, 2020 By Douglas Busvine and Nadine Schimroszik Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security...
Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups April 15, 2020 By Douglas Busvine Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at...
Judge Supports Reducing $2 Billion Damages in Bayer Roundup Glyphosate Case July 19, 2019 By Douglas Busvine Germany’s Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to...