StartupsTechnology

Western Development Commission’s €100M Investment Fuels Deep Tech Growth in Ireland’s West

The Western Development Commission has reached €100 million in investments through its Western Investment Fund, focusing on deep tech as its strategic priority. Reports indicate the fund has leveraged over €500 million in additional capital while creating approximately 5,000 jobs across the region.

Regional Development Fund Hits Major Investment Milestone

The Western Development Commission (WDC) has reportedly reached a significant financial milestone, with its Western Investment Fund now totaling €100 million in deployed capital across western Ireland. According to sources within the organization, this evergreen fund has become a crucial financial vehicle for regional development, particularly for startup companies and small and medium-sized enterprises in the technology sector.

AutomotiveManufacturing

BYD Announces Major Vehicle Recall Over Design and Battery Safety Concerns

BYD has initiated its largest recall to date, affecting more than 115,000 vehicles in China. The recall addresses potential safety risks linked to component design and battery manufacturing, as reported by market authorities.

Major Recall Announced for Safety Issues

Chinese automotive manufacturer BYD Auto is recalling over 115,000 vehicles due to identified design and battery-related safety concerns, according to reports from Reuters. The recall, the largest in the company’s history, impacts Tang series and Yuan Pro models produced between 2015 and 2022, as stated by China‘s market regulator.

PolicyTrade

US Sets Economic Growth, Regulatory Reform and Energy as Cornerstones of Upcoming G20 Leadership

The United States has identified economic growth, deregulation and energy as primary focus areas for its upcoming G20 presidency, sources familiar with Treasury Secretary Scott Bessent’s remarks indicate. The announcement comes amid questions about how the US approach might differ from previous G20 priorities, particularly regarding climate change and multilateral cooperation.

US Outlines G20 Presidency Agenda

The United States will prioritize economic growth, deregulation and energy as key objectives during its upcoming G20 presidency next year, according to reports from Treasury Secretary Scott Bessent’s recent remarks to global finance officials. Sources familiar with the comments indicate the announcement was made during a G20 meeting alongside the International Monetary Fund and World Bank annual gatherings in Washington.