The Union of European Football Associations, or UEFA as it's more commonly known, has just announced the completion of a "successful" trial of a mobile ticketing app built with blockchain. Aimed to make ticket sales for soccer matches "more simple and safe," the effort saw the organization test the app at this week's UEFA Super Cup match between Real Madrid and Atletico de Madrid in the Estonian capital, Tallinn. The system, UEFA said on its website, is designed to provide secure ticket distribution that can prevent forgery and duplication of tickets. The trial notably saw UEFA distribute all of the tickets for the Tallinn match that had been sold to the public via the blockchain-based app for iOS and Android. The ticket distribution system, it said, worked in combination with mobile Bluetooth devices at the entrances of the football stadium.
The European Union's executive body on Wednesday pledged to pursue new rules for taxing internet giants, such as Alphabet Inc.'s Google and Facebook Inc., embracing a push within the bloc to squeeze more money out of large multinationals operating in Europe. The move by the European Commission comes amid a French-led drive for the tax that includes Germany, Spain and Italy. Finance ministers from the four countries in a recent letter called on the commission to devise a proposal that would establish an "equalization tax" on the revenue generated in Europe by digital companies so that the amounts raised would "aim to reflect some of what these companies should be paying in terms of corporate tax." The four officials aim to spell out their tax ideas, and also drum up support, at a gathering of the bloc's finance ministers in Tallinn, Estonia, on Saturday. The push marks the EU's latest attempt to crack down on what officials see as tax avoidance in Europe and to assure citizens that large companies are paying their fair share, as some governments are still trying to stabilize public finances after the financial crisis.
Cybercriminals have hacked ATMs in more than a dozen countries in Europe this year using software that forces the machines to spit out cash, according to Russian cybersecurity firm Group IB. This type of attack, known as "jackpotting", is part of hackers' shifting focus from stealing card numbers and online banking details towards a more lucrative method that gives them access to both ATMs and electronic payments. The firm said attacks had successfully compromised banks in Armenia, Belarus, Bulgaria, Estonia, Georgia, Kyrgyzstan, Moldova, Poland, Romania, Russia, Spain, and the United Kingdom, as well as in Malaysia. However, the firm declined to disclose the banks' names. ATM makers Diebold Nixdorf and NCR Corp said that they are aware of the attacks, and have been working with customers to mitigate the threat.
Revenues for competing in the Champions League, Europa League and Uefa Super Cup will see a huge increase of £787m next season, Uefa have announced. Last season, clubs were given a share of £2.06bn, but that figure has now jumped to £2.84bn. However, Uefa said £457m will be deduced to pay for organisational costs and solidarity payments. Real Madrid face city rivals Atletico Madrid in the Uefa Super Cup in August, which will be played in Estonia. Real beat Liverpool 3-1 in the Champions League final, while Atletico defeated Marseille 3-0 to claim the Europa League title.
Technology and related companies are fueling 20% of the office space demand in small capital cities like Lisbon, Vilnius, Lithuania, and Tallinn, Estonia, according to brokerage firms. Leasing is equally strong in second-tier cities such as Barcelona, Kraków, Poland, and Edinburgh that are becoming popular with the tech industry for their lower rents and growing pools of talent.