Startups

Proxima Fusion Raises €411M ($469M) in Largest European Fusion Funding Round, Backed by Google

by
Proxima Fusion Raises €411M ($469M) in Largest European Fusion Funding Round, Backed by Google

A German fusion energy startup just raised more money in one round than almost any climate-tech company in Europe ever has. On July 7, 2026, Munich-based Proxima Fusion announced it had closed €411 million ($469 million) in new funding, backed in part by Google — a company far better known for search engines and cloud … Read more

Microsoft Xbox Layoffs: 4,800 Job Cuts and a Costly Reset

by
Microsoft Xbox Layoffs: 4,800 Job Cuts and a Costly Reset

Microsoft laid off roughly 4,800 employees on July 6, 2026, and confirmed that Xbox — its gaming division — absorbed the largest single share of the cuts. About 1,600 Xbox roles were eliminated immediately, with additional reductions expected to bring the division’s total to around 3,200 jobs, roughly 20% of its global workforce, by the … Read more