All posts tagged: 1.4bn

EU Commission boosts Horizon Europe funding by €1.4bn

EU Commission boosts Horizon Europe funding by €1.4bn

The European Commission has announced it has adopted an amendment that will boost Horizon Europe funding by around €1.4bn for 2024. The amendment to the 2023-24 Work Programme of Horizon Europe will mobilise previously unallocated Horizon Europe funding, taking the 2024 budget to €7.3bn. The additional Horizon Europe funding includes a nearly €650m investment in the EU Missions to solve some of Europe’s major challenges. This includes helping over 100 cities become climate-neutral, creating a New European Bauhaus (NEB) facility, and taking key actions to support EU research and innovation activities. Iliana Ivanova, Commissioner for Innovation, Research, Culture, Education and Youth, commented on the new Horizon Europe funding allocation: “We need to attract more newcomers to the opportunities presented by Horizon Europe in order to make the most of Europe’s potential. “This is why we are introducing experimental actions in this work programme update. Together with the roll-out of further funding for the EU Missions, the New European Bauhaus Facility and other actions, this will help maximise the impact of our research and innovation investments …

Bitcoin worth £1.4bn seized after ex-takeaway worker tried to buy £23m mansion, court hears | UK News

Bitcoin worth £1.4bn seized after ex-takeaway worker tried to buy £23m mansion, court hears | UK News

Bitcoin worth more than £1.4bn was seized by police after a former Chinese takeaway worker tried to buy a £23.5m Hampstead mansion, a court has heard. Jian Wen, 42, is alleged to have acted as a “front person” to help launder some of the profits of a £5bn investment fraud carried out in China by Zhimin Qian between 2014 and 2017. Qian bought cryptocurrency to get the proceeds out of the country before coming to the UK using the false identity Yadi Zhang on a St Kitts and Nevis passport, a jury was told. She fled the UK and is still at large after police raided the six-bedroom house they rented for more than £17,000 a month near Hampstead Heath in northwest London, as well as a safety deposit box. Image: The property was on the market for £23.5m. Pic: Google Street View Officers seized devices containing digital wallets holding more than 61,000 Bitcoin, valued at more than £1.4bn when police gained access in the summer of 2021. Wen, who is not said to have …