Xampla secures $14 million to replace plastics with plant-based alternatives. UK-based Xampla, a University of Cambridge spin-out, raised $14 million to scale its plant-based materials, aiming to replace billions of single-use plastic items over the next five years. The funding will support expansion into Asia Pacific and Europe….
ECB forecasts digital euro will generate returns for payment providers. The European Central Bank says payment service providers stand to profit from distributing the digital euro, which is nearing the end of its preparation phase. A formal decision on issuing the currency is expected by October.
U.S. President Trump has signed an executive order cutting tariffs. The measure reduces duties on Japanese cars and auto parts to 15%, down from 27.5%, and is tied to a $550 billion Japanese investment pledge. The order implements a July trade agreement and carries retroactive effect.
UK start-up loan demand rises as PG insurance uptake grows. A growing number of start-ups are securing finance with personal guarantee backed loans, as new data points to increased risk appetite and lender support among early-stage UK businesses.