London is the top choice in Europe for venture capital investment in technology firms, according to a study by the promotion agency for the British capital.
The city’s buoyant tech sector saw more than double the level of investment of its closest European rival Berlin in 2018 and so far this year, research commissioned by London & Partners found.
The trend has accelerated in recent years, despite continued uncertainty around Brexit following Britain’s 2016 referendum on European Union membership.
London & Partners unveiled the study, by research firm PitchBook, at the start of London Tech Week which was opened by Prime Minister Theresa May.
The study showed London received £2.56 billion ($3.3 billion, 2.9 billion euros) in tech venture capital investment in the first five months of 2019.
Typically the riskiest type of funding, venture capital targets start-up projects and unlisted companies.
The numbers put London well ahead of the German capital Berlin, which attracted £1.09 billion, followed by Paris on £900 million.
“Today’s figures offer further proof that London is a fantastic place to grow and scale an international technology business,” said Laura Citron, CEO of London & Partners.
She added the capital offered access to “a high concentration of growth capital, talent, corporate headquarters and some of the world’s most early adopting consumers”.
Britain’s decision in a June 2016 referendum to leave the EU has prompted fears the capital might struggle to keep attracting young foreign talent.
Some multinational companies including Panasonic and Sony have decided to relocate their European headquarters from London to the continent.
But London has benefited from the confidence of American tech giants like Google and Apple, which have announced long-term expansion plans in recent years.
Trump could use Antifa conspiracy theories to ‘investigate his political opponents’: Ex-FBI assistant director
According to former FBI assistant director for counterintelligence Frank Figliuzzi, there are far more white supremacists and anti-government agitators infiltrating the peaceful Black Lives Matter protests than Antifa. He fears Trump will use Antifa as an excuse to investigate his political opponents.
Speaking to MSNBC on Sunday evening, Figliuzzi told host Brian Williams that his sources in law enforcement are telling him that President Donald Trump doesn't have his facts straight on Antifa.
"We're seeing components of legitimate frustrated protesters responding to Mr. Floyd's demise and others," explained Figliuzzi. "Then we are seeing people who are exploiting this for their own purposes, and some of them are more than just opportunistic criminals. Some of them are organized, and some of them have diverse agendas but are coming together to wreak havoc. And I think what we need to pay attention to here is what we have evidence of, what we don't have evidence of, and what we're hearing from the White House and the attorney general."
Trump criticized as ‘most cowardly tough guy’ for Twitterstorm while being rushed to protective underground bunker
Twitter couldn't help but notice that President Donald Trump was talking tough while hiding in his underground bunker.
The New York Times reported Sunday that Trush was rushed to the underground bunker that has only been used during the Sept. 11, 2001 attacks when passenger planes were headed to Washington, D.C. Trump, by contrast, didn't experience a terrorist threat, a few hundred protesters surrounded the White House complex, which is blocked off by several fences and surrounded by Secret Service and police.
It was something that many noticed contrasted with former Vice President Joe Biden, who spent Sunday listening to the concerns from protesters on the streets of his hometown.
‘Rattled’ Trump rushed to the bunker as protesters surrounded the White House: report
The New York Times is reporting that President Donald Trump rushed to the bunker as protesters surrounded the White House.
On Friday, as protests continued escalating across the United States, those standing against police brutality and demanding action came to the White House. It was only a few hundred people, far eclipsed by the crowd marching through the streets of Washington, D.C. on Sunday.
The Secret Service hasn't said what prompted them to take Trump to the underground bunker on Friday, but there is a protocol to get him to safety if they feel the White House and the president are threatened. The only other notorious use of the bunker was when Vice President Dick Cheney was brought on Sept. 11, 2001, as planes hit the World Trade Center and the Pentagon.