European telecoms chiefs call on tech firms to share internet network costs | Telecommunications industry

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The bosses of Europe’s biggest telecoms operators including BT, Vodafone and Deutsche Telekom have called for tech firms such as Netflix an Amazon to pay for some of the soaring costs of data fuelled by the global streaming and internet boom.

The call from the 16 chief executives comes as the European Commission prepares to launch a consultation into whether technology companies such as Google, Facebook, Netflix and Microsoft should be made to pay some of the soaring costs for the huge amount of global internet traffic they carry on their telecoms networks.

More than half of global internet traffic

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UK fintech Starling withdraws European bank license application

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Starling CEO Anne Boden.

Harry Murphy | Sportsfile for Web Summit via Getty Images

LONDON — British digital bank Starling is ending its bid to obtain a European banking license, dealing a significant setback to the company’s international expansion ambitions.

The firm told staff Monday that it had withdrawn its application for a bank license from the Irish central bank, four years after initiating the process. Starling’s application had faced problems in the past, with the digital lender temporarily pausing talks with regulators in 2020 due to the Covid-19 pandemic.

Starling will instead focus on selling its software-as-a-service product, aimed

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