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Britain remains on top but figures come amid a sharp downturn in venture capital funding compared to 2021

Correspondent

Britain’s tech sector raised more than double that of any other country in Europe this year, amid a sharp downturn in venture capital funding compared to 2021.

UK tech firms raised £24bn as of 8 December, compared to £11.8bn in France and £9.1bn in Germany, according to Dealroom. The figure is down 29% from around £34bn last year.

UK tech firm’s £24bn investment doubled EU rivals for 2022

Alex Daniel

Sequoia

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The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

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Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

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Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

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Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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