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Faculty Spotlight: Ronyhel Peguero teaches ‘the language of business’ to Zicklin students
At Baruch College, many students learn that accounting is the language of business. From preparing financial statements to analyzing bonds, Ronyhel Peguero’s accounting lectures often serve as students’ first introduction into the business world. As a Baruch alum, Peguero began his journey to the college’s prestigious Stan Ross Department of Accountancy in the same classrooms...
'My degree shows what footballers can achieve'
Norwich City's Pelle Mattsson says his degree in financial management is proof players "can achieve things outside of football".
6 Numbers That Reveal Your Financial Health
Why it’s crucial to know your monthly cash flow, credit score and other key figures
Fiserv Expands Clover Footprint in Canadian Sports and Entertainment
Winnipeg Blue Bombers Select Clover to Support Game-Day Commerce MILWAUKEE, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced that the Winnipeg Blue Bombers of the Canadian Football League (CFL)
Fiserv Expands Clover Footprint in Canadian Sports and Entertainment
Winnipeg Blue Bombers Select Clover to Support Game-Day Commerce MILWAUKEE, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced that the Winnipeg Blue Bombers of the Canadian Football League (CFL)
BNP Paribas’ Securities Services business provides UniSuper with advanced investment data capabilities through its Data PRISM360 solution, in partnership with NeoXam
BNP Paribas’ Securities Services business, a leading global custodian with USD 17.5 trillion in assets under custody[1], today announces the launch of the additional data capabilities of its Data PRISM360 data management solution, powered by Investment Data Solution of NeoXam, market leader in financial data software. UniSuper, one of Australia’s largest profit-to-member superannuation funds, is […]
1 in 5 Americans thinks sports betting is an ‘investment’ — but the data says something different
Gen Z is the most likely generation to believe betting on sports is a financial plan.
Why Japan’s markets matter so much for America
From surging bond yields to US intervention to support the yen, Japan’s financial markets are undergoing major shifts that have consequences for investors and borrowing costs around the globe.
Local business owner says Somewhere Fest street closure is costing her thousands
A downtown Wichita street closure approved for Somewhere Fest has the owner of The FUN Venue claiming thousands of dollars in financial losses due to canceled events and restricted access
Man named in Charlotte-Mecklenburg Schools financial memo resigns from Black Political Caucus committee
Raki McGregor served as a consultant with Charlotte-Mecklenburg Schools, according to a memo sent by Dr. Crystal Hill
Fargo-Moorhead Science Museum receives $1M corporate investment
Bobcat Co. has committed $1 million in financial and in-kind support to help develop hands-on exhibits for the future Fargo-Moorhead Science Museum.
The Fed Moved. The Borrowing Math Changed for Businesses.
Citizens’ Mark Valentino and Eric Merlis unpack the business implications of the Federal Reserve’s latest rate hike, examining what the new borrowing environment means for investment and financial …
Access Health CT Revises Open Enrollment Dates For 2027
Access Health CT is Connecticut’s official health insurance marketplace, where residents can shop, compare and enroll in health and dental plans. It is also where eligible customers can get financial help and enroll in low or no-cost insurance through HUSKY Health Programs (Medicaid and the Children’s Health Insurance Program (CHIP)) or the Covered CT Program
Can Florida State Afford to Move on From Mike Norvell?
Florida State faces a major financial decision as pressure grows to move on from Mike Norvell.
Republicans Enter Final Midterm Stretch With a Significant Financial Edge
The party and its allies are currently set to spend hundreds of millions of dollars more on advertising than Democrats are, giving Republicans some hope in a tough midterm environment.
Arkansas duo goes to bat for small investment brokers
WASHINGTON — House Financial Services Chairman French Hill, R-Ark., often calls for easing regulatory burdens on community banks. Now he and a home-state Senate colleague are turning their attention to
Travel health insurance
Travel health insurance Do you have a friend or relative traveling to the Dominican Republic? Encourage them to get travel health insurance before they depart the U.S. to avoid possible medical emergencies becoming financial emergencies, too. Many travelers ask, “Why would I need travel health insurance–I have health insurance?” But your domestic U.S. health insurance may not work overseas. Hospitals here in the Dominican Republic often require payment in full prior to the patient being treated or being discharged. Some private U.S. insurance companies pay for overseas medical care, but usually only on a reimbursable basis, meaning you must pay first and request reimbursement later. The U.S. government does not pay for medical care overseas, and Medicare does not cover medical or hospital expenses incurred outside the United States. In addition, if the traveler needs to be medically evacuated for any reason, this is not covered by most U.S insurance and usually costs well over $10,000 USD. Travel medical insurance can alleviate this cost burden. Don’t let unexpected medical costs ruin your vacation! Please review more information here on Travel.State.Gov and on the Embassy website’s page on Medical Emergency – U.S. Embassy in the Dominican Republic.
PPG appoints Alex Lopez vice president, investor relations, operational finance
PPG (NYSE: PPG) today announced that Alex Lopez, currently PPG director, investor relations, has been appointed PPG vice president, investor relations and operational finance, effective Oct. 1. Lopez will continue to report to Jamie Beggs, PPG senior vice president and chief financial officer. Alex Lopez has been appointed PPG vice president, investor relations and operational finance. In this expanded role, Lopez will continue to lead investor relations while assuming responsibility for enterprise operational finance, with a focus on strengthening capital discipline, productivity governance and operational finance effectiveness. Lopez has held a variety of finance roles of increasing responsibility during his 20 years with PPG, including business-specific finance leadership as well as corporate roles. Prior to assuming the investor relations role in 2024, Lopez served as global finance director, Automotive OEM Coatings. He also supported the growth of PPG Comex when he relocated to
AI Can Help Manage Your Business Finances. But Can It Replace A CFO?
AI is transforming financial management, but can it replace a CFO? Explore where AI excels and why financial expertise still matters.
Bruno Genesio provides Igor Paixao injury update
Olympique de Marseille did everything to retain Igor Paixao (26) over the summer. Amid the club’s financial problems, the ownership looked to offload the Brazilian in the closing days of the transfe...
Banqup and Post Business Solutions partner to revolutionize digital financial workflows for Austrian businesses
LA HULPE, BELGIUM – 21 September 2026, 7:00 a.m. CEST – Banqup Group SA (Euronext: BANQ) (Banqup, Company), a European fintech provider that simplifies financial flows through an innovative secured platform for e-invoicing, e-payment, e-reporting and e-trust solutions with built-in compliance at its core, announces a new meaningful collaboration with Post Business Solutions, an Austrian based leader in innovative digital and physical business process solutions. The new partnership marks a signif
UK urged to strengthen financial muscle of national wealth fund to aid economy
Unions, thinktanks and others say overhaul could provide investment Britain needs
Made in Tarrant: Firm keeps small businesses organized
Anexus CFO provides financial management and other services to small businesses.
California Politics 360 full episode | Financial troubles ahead for CA high-speed rail
The project’s watchdog is sounding the alarm that the high-speed rail project could be out of money by December 2027.
Financial Ties Drive Misleading Alzheimer's Blood Test Claims Online, Study Finds
New research reveals how social media promotes Alzheimer's blood tests for symptom-free screening, often without mentioning the real risks.
Rising gas prices frustrate voters. Trump says it’s an ‘inexpensive price to pay’ for the Iran war
Voters across the nation say skyrocketing gas prices are causing financial hardships for their families.
Rising gas prices frustrate voters. Trump says it's an 'inexpensive price to pay' for the Iran war
Voters across the nation say skyrocketing gas prices are causing financial hardships for their families.
Rising gas prices frustrate voters. Trump says it's an 'inexpensive price to pay' for the Iran war
Voters across the nation say skyrocketing gas prices are causing financial hardships for their families.
Father Grapples with What to Do After Teen Daughter’s Mental Health Treatments Lead to $400K of Debt
An Indianapolis father sought advice from financial experts on ‘The Ramsey Show’ after his daughter’s mental health treatments left him facing roughly $400,000 in medical debt.
I taught my daughter to prioritize purpose. Now I question the cost.
I modeled a life of service for my daughter. I'm proud of her, but I worry about the financial and personal costs we both face.
Dealroom.co | Great Hill Partners: middle-market growth buyouts across software, financial services, healthcare, consumer and business services
What's the deal?Great Hill Partners is a Boston- and London-base…
Ed Sheeran says situation in Gaza is \'catastrophic and unjustifiable\' as he opens concert
Ed Sheeran opened a concert in Philadelphia with comments about Gaza, saying what’s happening is “catastrophic and unjustifiable.” He said in the Saturday night performance at Lincoln Financial Field that
Ed Sheeran says situation in Gaza is \'catastrophic and unjustifiable\' as he opens solo concert
Ed Sheeran has opened a solo concert in Philadelphia with comments about Gaza, saying what’s happening is “catastrophic and unjustifiable.” He said in the Saturday night performance at Lincoln Financial
NFL Fines 2 Packers Players For Actions Against Vikings
League officials issued financial penalties following a physical divisional clash, targeting a late hit on a backup quarterback while clearing the controversial tackle that sidelined Minnesota’s starter.
MRN BUSINESS SPOTLIGHT: Edward Jones
When was the last time you gave your 401(k) a maintenance check? Did you know that was even a thing? Better yet, did you know that service is free? On the Business Spotlight, brought to you by The Bank of Springfield, Brittany Boll is joined by Edward Jones financial advisors Brandon VanCamp and Alicia Rollins...
Permission to Spend
Over a decade ago I was approached by a reporter to comment on how I, as financial advisor, convince people to spend less money. I candidly responded I wasn’t a
UA Trustees seek review of athletic program competitiveness
With Razorback football program failure becoming an obvious concern debated with varying degrees of vigor in many breakfast diners statewide, a member of the University of Arkansas Board of Trustees...
Novant Health drives $4.33B in regional economic impact, study says
Novant Health Coastal Region generates an annual overall economic impact of $4.33 billion in the Wilmington Metropolitan Statistical Area (MSA), according to a new report. Commissioned by Novant Health and conducted by Mouhcine Guettabi, associate professor of economics at the University of North Carolina Wilmington and the area’s regional economist, the report evaluates population growth in New Hanover, Brunswick and Pender counties and whether the area’s healthcare infrastructure is positioned to meet the region’s demand. According to the study, while healthcare employment has kept pace with population growth in New Hanover and Pender counties, it has not kept up with the rapid population growth in Brunswick County, which is skewed toward an older population. “It points very clearly to Brunswick County being the bottleneck, or being the place where investment is most needed,” Guettabi said to the Business Journal Friday, “because the growth is the fastest, the composition of the growth is older (adults) and demand for healthcare is much higher for the subpopulation.” The Novant Health Coastal Region employs 8,295 full-time equivalent workers, according to the report, and is the region’s largest employer. Overall, through direct, indirect and induced impacts, the Novant Health Coastal Region supports 19,573 jobs, the report said. Using data collected from internal payroll, financial and capital reports, the report estimates that Novant Health Coastal Region pays approximately $1.15 billion in total compensation to its employees. According to the study, the provider’s annual operating expenditures, or direct economic impact, total $2.36 billion. That direct impact ripples through the regional economy through spending at its suppliers, or indirect impact, and household spending by staff and its suppliers’ workers, or induced impact. The report estimates the Novant Health Coastal Region’s indirect economic impact is $786 million, reflecting the multiplying effect of the provider’s operating expenses on expenditures like medical supplies, facilities, food, IT and professional services. Because 86.9% of Novant Health Coastal Region employees live within the tri-county region, the report estimates that wages paid by Novant circulate into the regional economy, creating an induced economic impact of $1.17 billion. “That money just doesn’t go into thin air,” Guettabi said of the wages paid to Novant Health Coastal Region employees. “Some of that money is being re-spent, and therefore it’s supporting grocery stores, hiring, restaurants and bars, and there are a lot of other companies or organizations whose employment, whose activity partially depends on that.” The combination of direct ($2.36 billion), indirect ($786 million), and induced ($1.17 billion) impacts totals an estimated $4.33 billion, according to the report. A study commissioned by Novant Health in 2024 and conducted by FTI Consulting’s Center for Healthcare Economics and Policy found that Novant Health generated nearly $2 billion of direct impact, with $628 million in indirect impact and $857 million in induced impact. Healthcare investments in the pipeline for Brunswick County Additionally, the study found that while healthcare employment has kept pace with population growth in New Hanover and Pender counties, it lags in Brunswick County. “Once you go below the metro level and you decompose the three counties that make up the Wilmington Metro,” Guettabi said, “it becomes fairly clear that Brunswick is the standout. And not only that, but clearly the growth there is fully domestic migration and largely retiree-driven migrants.” Using data from the Centers for Medicare and Medicaid Services on per-capita healthcare spending among age groups, Guettabi estimates that adults aged 65 and older demand 2.44 times the healthcare of working-age adults. “The share of the population in Brunswick County that’s over the age of 65 is 33%,” Guettabi said, “which is so much higher than the average share of people over the age of 65 within the state or within the country.” The report emphasizes that Brunswick County is the “strongest candidate” for new healthcare investment, adding that patient discharge records show Brunswick residents rely heavily on facilities in New Hanover County for inpatient care. “Investments in Brunswick County would not only meet the demand for those residents, but it would also relieve pressure for New Hanover County residents,” Guettabi said. Laurie Whalin, president of the Novant Health Coastal Region, told the Business Journal Friday that the provider plans to expand services at Novant Health Brunswick Medical Center, in addition to other investments in the area. In April, the state granted conditional approval to both Novant Health and Columbus Regional Healthcare System to build new hospitals, just miles apart, on either side of the Columbus County and Brunswick County borders. Columbus Regional’s $214 million 30-bed hospital would be located at the former Acme-Delco Middle School in Delco, according to the application. The project’s approved timetable has construction slated to finish in May 2029, with the hospital open for service by October 2029. The Whiteville-based provider, which Atrium Health manages, broke ground on an Advanced Care facility in December 2025 and operates four specialty clinics in Leland. Meanwhile, Novant Health’s proposed $251 million 20-bed hospital would be built just miles from Columbus Regional’s proposed hospital, near the Compass Pointe community in Leland. The provider estimates the hospital will open by 2030. State officials also approved Novant Health in March to build a freestanding emergency department in Carolina Shores, near U.S. 17. The project is estimated to cost $24 million, according to the application, and will operate under the Novant Health Brunswick Medical Center license. Additionally, Novant Health’s 16,000-square-foot ambulatory surgery center is slated to open in Leland by year’s end, officials said.
Fred Payne: Poverty costs Indiana businesses millions of dollars
Research shows employees experiencing financial stress lose productive work time. When a workforce is financially fragile, productivity losses compound.
Charlotte's Allspring on block for perhaps $4B, FT says
Allspring Global Investments, a Charlotte-based business that was formerly the asset management division of Wells Fargo, is considering a sale that could be as much as $4 billion, the Financial Times reported Friday. No decision has been made and talks are in early stages, according to the report, which cited people familiar with the transaction. […]
‘PIX Financial Fix’: Turn a sidehustle into a business
NEW YORK CITY (PIX11) — Delivery apps can be a fast way to earn extra income, but they are not built to grow into a business. Daeron Myers, founder of Courier Business Academy, joins PIX11 Mo…
Clover Health Sees PPO Edge, Cohort Gains as Medicare Advantage Pricing Tightens
Clover Health Investments (NASDAQ:CLOV) is positioning its Medicare Advantage business to benefit from industry pricing discipline, member retention and the maturation of member cohorts, Interim Chief Financial Officer Clay Thornton said at Jefferies’ Healthcare Services and Technology Conference in
Meritage files Chapter 11 bankruptcy after Wendy’s traffic hits 30-year low
Wendy's franchisee Meritage has filed for Chapter 11 bankruptcy after a year of financial difficulty.
How friends turned $2,000 into a $30 million financial education company
Before Britt Baker and Laurie-Anne King even launched their financial-education business, they had $40,000 in sales.
Support Magistrate May Serve Mental Health Nonprofit, But Not Participate in Sexual Violence Event: Judicial Ethics Opinion 26-25
A support magistrate (1) may serve on the board of a local not-for-profit mental health organization that does not accept court referrals; (2) may donate to and attend the organization’s annual fund-raising gala; (3) may serve on its event-planning committee; (4) may help plan and attend a “Financial Literacy” event, but may not participate in a “Take Back the Night” event; and (5) may serve on the organization’s internal nominating committee to nominate current members for board positions.
Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain
Rolling coverage of the latest economic and financial news
‘It was shocking’: NOTO business owner sees financial impact after double fatal shooting
Tina Meier, who is the owner of Wheat Pennies, never imagined an act violence happening in a place many go for entertainment.
Governor Moore seeks SBA loans for Glen Burnie businesses hit by Empire Towers shutdown
The governor said an SBA Economic Injury Disaster Loan declaration would provide critical financial recovery support for business affected by offering loans to cover operating expenses.
How to spot and prevent bank account fraud: Better Business Bureau tips
After a Memphis woman stole over $50,000 using stolen account details, Daniel Irwin from the Better Business Bureau shares warning signs that your financial accounts are compromised and key steps to protect your money.
DOL/EBSA Narrows Mental Health Parity Enforcement Focus to Three Priority Areas
On September 8, the Department of Labor's Employee Benefits Security Administration (EBSA) issued Field Assistance Bulletin No. 2026-03, outlining how it
Sioux Falls fintech company among the nation's fastest-growing businesses
A Sioux Falls fintech company that aims to allow easier access to alternative investments is among the fastest-growing businesses in the nation.
Health insurers covered 112,000 fewer Mass. residents’ GLP-1 weight-loss drugs this year, report finds
Insurers restricted coverage for obesity after years of financial losses.
Fall Financial Reset: 5 Budgeting Tips to Promote Fiscal Health
Local credit union offers timely advice for healthcare workers – or any hardworking Minnesotan
MDI Health Celebrates Community at 2026 Annual Meeting
BAR HARBOR—MDI Health celebrated the people and partnerships strengthening local healthcare during its 2026 Annual Meeting and Community Celebration, held September 15 at the Bar Harbor Club. The gathering brought together patients, medical staff, employees, trustees, volunteers, supporters, and community partners to recognize the year’s accomplishments and honor those whose contributions make a meaningful difference across the organization and the communities it serves. “This celebration is an opportunity to recognize the extraordinary people who make our work possible,” said Chrissi Maguire, president and CEO of MDI Health. “Their compassion, dedication, and belief in strong local healthcare can be felt throughout our hospital, health centers, Birch Bay Village, and the communities we serve.” During the celebration, MDI Health presented its 2026 Impact Award to Mount Desert Nursing Association (MDNA), recognizing the organization as Community Partner of the Year for providing compassionate, skilled in-home nursing care across Mount Desert Island, Trenton, and Lamoine. “MDNA extends care beyond our walls, helping people remain safely at home, surrounded by the people and places they know and love,” Maguire said. “Its work lies at the intersection of healthcare and community and strengthens our entire healthcare system.” “For 77 years, MDNA has helped our neighbors recover and remain safely at home,” said Amy McVety, MDNA Executive Director. “Our longstanding partnership with MDI Health helps ensure a seamless transition from hospital to home and the continued care patients need. We are grateful for this recognition and especially proud of our talented, hardworking team.” The evening marked a transition in Board leadership. Martha Wagner, PhD, was recognized as she concluded her term as chair of the MDI Health Board of Trustees. Madeleine Braun, PhD, MBA, was introduced as incoming chair. “It is an honor to build on Martha’s leadership and serve an organization so deeply connected to this community,” Braun said. Individual honorees recognized during the evening’s program included Nancy D’Agostino, MDI Health Volunteer of the Year; George Rossi, Birch Bay Village Volunteer of the Year; Marc Woolfolk, Birch Bay Village Employee of the Year; and Beth Applebee, MDI Hospital Employee of the Year. “These honorees represent the very best of who we are,” Maguire said. The program also highlighted new initiatives and honors from the past year. MDI Health launched a free Screening Mammogram Scholarship Program to remove financial barriers to early detection, supported by a generous grant from the Maine Cancer Foundation. An in-hospital food pantry has been opened to meet rising community need and address the link between nutrition and health. MDI Health earned CMS five-star ratings for Patient Experience and Nurse Communication, top marks in the 2026–2027 Lown Institute Hospitals Index, recognition from the American Hospital Association and American Heart Association, and a third consecutive Best Places to Work in Maine designation. The hospital will open its new Main Entrance this fall, as work advances on the expanded Emergency Department and other patient-care spaces. The Building Our Future Campaign has raised more than $56 million in capital and programmatic support to date. “Everything we have accomplished reflects the strength of this community,” Maguire said. “We are grateful to everyone who has contributed their time, talent, leadership, and support to help MDI Health continue meeting the evolving needs of the region.” Subscribe Share Leave a comment
Monumental Sports and Entertainment Announces Leadership Changes
Monumental Sports and Entertainment (MSE) has announced a leadership restructuring. Zach Leonsis has been named President and Vice Chairman, a newly created position overseeing financial operations, infrastructure and technology, venues,...
BioTech Social Announces Advisory Board To Advance Financial Innovation For Life Science Companies
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Canada looks to deepen research and education links with the EU
Canada is looking for deeper research and education links with the EU, according to its prime minister, Mark Carney. His comments followed hard on the heels of an offer from European Commission President Ursula von der Leyen to give his nation associate membership of the EU, a status that currently has no legal status or definition. Both sides have yet to detail how this newfound political enthusiasm will translate into concrete action.Addressing the European Parliament on September 17, Carney cited both the Horizon Europe research and innovation programme and the Erasmus+ student mobility scheme as areas for future collaboration.Association with the next iteration of Horizon Europe “would allow us to pool resources, cooperate on frontier technology, leverage our world-class research institutes and universities,” he told MEPs. Canada joined the present programme in 2024, but only takes part in Pillar 2, which supports collaborative research projects. Carney also said that young people should be allowed to work, study and live where they want, on either side of the Atlantic. “Canadian membership of Erasmus+ would give your students and ours more opportunity to learn at some of the world’s top universities, to broaden their horizon and to build those lasting ties that will sustain our alliance,” he said.Limited exchanges with Canada are already possible, for example in the Erasmus Mundus strand of the scheme, which supports joint master’s programmes. This would be considerably increased if the country became a full associate member, a club currently limited to nations neighbouring the EU.Most favoured nation?As for the offer of associate membership of the EU, the aim would be to build “an alliance for the future to create a common prosperity and economic security base,” von der Leyen said during her state of the European Union address, also in the European Parliament in Strasbourg, on September 16.“We will work on intelligent manufacturing,” she went on. “We will create a tech alliance. We will integrate defence industrial bases. We will make the Arctic a flagship joint project. We will work on energy-critical minerals and batteries, on [artificial intelligence], quantum, cyber and economic security.”Mona Nemer, Canada’s chief science advisor, told Science|Business that the political speeches by Carney and Von der Leyen will open the door to even more scientific cooperation between Canada and the EU. She even attributed the broader political partnership to the scientific diplomacy of Horizon Europe association. “The science and research collaborations have predated this political rapprochement,” she said.While she is not part of the government decision-making process, Nemer thinks Carney’s speech in the European Parliament is more than “political posturing” and the Canadian government is likely to come up with more practical ideas for how to boost collaboration in the near future. “The prime minister mentioned Horizon [Europe] and Erasmus+, maybe there is something more concrete around this,” she said.She went on to suggest that Canada and Europe could also work more closely together on setting international standards for emerging technologies, AI safety, data sovereignty and joint research infrastructures, such as particle accelerators and marine research fleets.Nemer confirmed that science cooperation will be on the agenda at an upcoming EU-Canada summit in October. She met recently with EU ambassadors to Canada to "see where the possibilities are, to signal that there is interest."Room for expansionLike other countries outside Europe that are associated to Horizon Europe, such as South Korea, Australia or Japan, Canada is not allowed to host European Research Council (ERC) grantees. However, Canadian universities hint they would like re-open that discussion. “Canada’s participation in Horizon Europe, the world's largest research funding programme, has been a big success,” said Robert Asselin, the chief executive of U15 Canada, an umbrella body for some of the country’s biggest research universities, in a statement. “Ensuring swift re-association to the next research programme, will be vital to maintain this momentum. We would welcome efforts to explore further opportunities to collaborate with European partners, such as through the European Research Council,” he said. Related articlesHow a new multilateral defence bank could boost innovationEurope’s independence hinges on innovation, von der Leyen saysBut so far, there are no details from the Commission on how von der Leyen’s proposal would boost Canadian access to the ERC or other sensitive research calls in Horizon Europe. And it is unclear how other non-European associated countries, such as New Zealand or Australia, would react if Canada was given better access than them. The same questions may arise closer to home. “How would a new category of associate member of the EU differ from Norway’s participation in EU programmes through the European Economic Area?” asked Jan Palmowski, secretary general of the Guild of European Research-Intensive Universities. “And how does this proposal for Canada change discussion for the UK, Norway and Switzerland for the next Multiannual Financial Framework?”Another area for discussion is how far Canadian organisations can participate in sensitive projects. “I would expect some of the most crucial issues at hand to be whether Canada can participate more closely and predictably in calls that are deemed sensitive on research security or EU preference grounds, on critical technologies, for instance,” Palmowski said. Canada’s participation in other parts of Horizon Europe, as well as the European Competitiveness Fund, might also be discussed, he added.Whatever the details, closer cooperation between the EU and Canada represents a “substantial” opportunity, according to Mattias Björnmalm, secretary general of the Cesaer university group. “Scientific excellence depends on talented people being able to work together, exchange knowledge and access complementary expertise and infrastructure,” he said. “A closer EU-Canada partnership would strengthen these conditions and provide greater certainty for long-term collaboration.”
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Ukrainian defence tech seeks new ways to scale up
Since Russia's full-scale invasion in February 2022, Ukraine's defence sector has expanded several-fold, becoming a significant source of military innovation, especially in unmanned systems, counter-drone technologies, electronic warfare and AI-driven combat systems. But finding the funds and personnel to scale up and to reach international markets remains a challenge.Spurred on by the demands of the front-line, Ukrainian defence companies say they can develop a minor component in a couple of weeks, or major hardware or software solutions within a year. This is several times faster than the usual development cycles in the sector. Tencore, founded in 2024, is now one of Ukraine’s largest providers of unmanned ground vehicles, well exceeding the production of NATO members in this category. Odd Systems, a Ukrainian combat cameras developer founded in 2023, launched its first thermal camera in 2024. Less than two years later, it is developing the fourth generation of the product, one that has evolved into a full vision system.According to Michael Singer, managing partner at Verne Capital, a venture capital fund supporting defence companies in Europe, this speed is down to the short feedback loop between the developer and the end user. “Ukrainian companies develop technologies in close interaction with soldiers and military units, test them under real combat conditions and rapidly incorporate feedback into the next generation of the product,” he says. “Sometimes we need to react to feedback and deploy an upgrade within hours,” says Polina Tymchenko, the spokesperson for Himera, which develops electronic warfare-resistant walkie-talkies. “It means that, as a company, you have to have a higher tolerance for risk, and also design your products in a way that fosters those quick changes.”Getting a product deployed by a combat command involves no paperwork other than a purchase order, says Perry Boyle, co-founder and chief executive of Mits Capital, a Ukrainian-US investment group focused on attracting capital for Ukraine's defence tech sector. “New weapons can be developed and deployed based largely on handshakes.”Nevertheless, the speed of development is largely subject to the level of funding, says Iryna Sukhomlyn, head of business development at RMachine, a developer of unmanned ground systems. “Financial support needs to start much earlier, particularly at technology readiness level 3-5, not only when most of the technological risk has already been removed,” she says.In 2025, Ukrainian defence tech companies attracted about $129 million in investment, with the true figure likely higher given the share of undisclosed security-sensitive deals, according to a report published by the Kyiv School of Economics. These investments were primarily concentrated in the AI and software segment, as they are considered a lower financial risk.Scaling production is a major barrierAccording to Iryna Supruniuk, business development director at Odd Systems, proving a defence product in Ukraine is not the end of the development process, but the beginning of a continuous evolution, since operational requirements change rapidly. “Continuous iteration remains our highest priority,” she says.It's also when production must scale up, which represents a major hurdle. “Scaling production requires capital, manufacturing capacity, components, certification, procurement access and reliable supply chains,” Singer says. Scale-up is also hampered by demographic pressures, especially a shortage of young specialists needed to expand engineering teams. Companies have reported struggling to replace specialists lost due to Russian attacks, mobilisation and emigration. In order to meet this scale-up challenge and finance arms production, begun allowing defence technologies to be exported, assuming it has an excess capacity. It has also announced the creation of ten defence and weapons export centres across Europe by the end of 2026.According to Singer, a technology that has demonstrated its value under real combat conditions has a fundamentally different credibility than a product that has only been tested in a laboratory or training environment. But combat validation alone doesn’t automatically create an international business. “Companies still need access to foreign defence ministries and procurement organisations, international certification, financing for production scale-up and, in many cases, local industrial partners,” he says.Already in 2026, the EU has signed several agreements with Ukraine that aim at joint defence technology development and production. These include allowing Ukraine to join the European Defence Fund, signing a financing agreement under the European Defence Industry Programme, and setting up the EU-Ukraine Drone Alliance.For Singer, it is important that European defence companies don’t just see their Ukrainian partners as technology suppliers, but rather as potential innovation partners. “Ukrainian companies bring speed, operational experience and an exceptional ability to iterate. European partners can provide industrial capacity, capital, established supply chains and access to European procurement markets.”Procurement possibilitiesWhen it comes to exports, the procurement and compliance processes involved require time, taking months or even years, and money. In other words, resources that small defence tech companies need if they are to improve and scale up their technologies. According to Sukhomlyn of RMachine, if the priority is to rapidly increase available defence capabilities, then the processes need to reflect that urgency. “If Europe wants defence innovation at wartime speed, its administrative processes also need to operate much closer to wartime speed,” she says, highlighting a need for support with certification, market access and mutual recognition of relevant testing. “Otherwise, we risk having excellent technology available but spending years making it administratively eligible to be purchased.”Related articlesRussia widens targeting of European research centresEU must support research managers in central and eastern Europe, says Visegrad fund headThis is a lesson Europe’s defence sector would do well to learn, Singer says. “Defence innovation needs to be organised around the speed and requirements of the end user, not around the speed of the bureaucracy.”Supruniuk says the European defence sector should rethink the balance between quality and quantity. “In many cases, a good-enough system available in thousands of units creates greater operational value than a perfect system available in dozens.”“For decades, everyone has been looking for that all-powerful, exquisite system that can protect everyone,” adds Tymchenko. “We see in crime that only scalable, dedicated, affordable solutions can actually defend democracies.”
EU membership bid gives boost to Moldova’s fledgling R&D landscape
Moldova’s push to join the EU is having the spillover effect of helping to improve the country’s R&D landscape, which in recent years has suffered from fragmentation, decreasing personnel and a lack of research infrastructure.The country became an EU candidate country in 2022, alongside Ukraine, and officially began accession negotiations in 2024. With a pro-EU government, Moldova has been actively carrying out reforms to align with EU standards. This has helped accelerate the development of R&D, said Igor Chiosa, acting head of the Research and Innovation Policy Directorate at Moldova’s Ministry of Education and Research. “Our R&D landscape is moving up, and we are more and more involved in the European Research Area,” he said. “The support we receive from the EU is very important, not only financially, but also because of incentives, consultation and capacity building.”The R&D landscape in the former Soviet republic is still relatively underdeveloped, despite attempts at improvement going back to a 2004 law on science and innovation and later reforms in 2017 and 2018. But the system remains in a “precarious situation” and “in the process of contraction,” according to an assessment carried out by the government for the current National Programme for Research and Innovation, which runs from 2024 to 2027. The analysis highlights in particular the declining number of researchers and PhDs, which has been continuously falling, as well as limited research funding. This is around 10 times lower than the EU average and “insufficient to maintain a level of research activity that supports higher education and meets the needs of the economy.” The mechanisms for allocating research funds are also described as inefficient, as well as the general fragmentation of the landscape, with research and innovation activities being carried out in 67 different places. The lack of strategic vision for research infrastructure is also noted. The strategy sets out to address these issues and is being fuelled by reforms linked to EU accession. Moldova now has a regulation on open science and gender equality. There is also a new support mechanism for technology transfer offices and a business-academia roadmap. In 2025, the country also became the first Eastern Partnership country to approve a Smart Specialisation strategy, which will coordinate its R&D efforts to focus on strengths, within a European context. “We’ve done a lot in terms of normative acts,” Chiosa said. Horizon Europe successMoldova is also seeing more success in the EU’s flagship R&D programme, Horizon Europe. The country has now won nearly €15 million in funding, already double the amount won under the previous programme, Horizon 2020, and more than the €10 million target set by the government. Chiosa said the priority has shifted now to winning more research-centred projects, rather than those related to support and capacity. Moldova is also targeting further involvement in large European projects. Last year, it joined the EuroHPC Joint Undertaking giving Moldovans access to Europe's supercomputing network. The country is also a member of Danubius-RI, a European research infrastructure focused on river and sea research. Despite these efforts, Moldova’s research capacity is still shackled by its limited R&D budget, which equates to 0.23% of its GDP. This is around half of what its neighbour Romania spends, which is the lowest in the EU. According to Chiosa, the research budget is increasing year-on-year, jumping by €6.34 million between 2024 and 2025. But this doesn’t show up when looking at it as a proportion of GDP. “Of course, it’s difficult,” he said. “That is why we are putting more emphasis on collaboration between business and academia, as well as participation in Horizon Europe, to try to diversify our sources of funding.”A World Bank loan of €30 million, plus a grant of €7.8 million, was agreed in 2025 to support the modernisation of Moldova’s universities. As part of this, a call was launched this year to provide universities grants of up to €900,000 to develop their research infrastructure. Moldova is also collaborating closely with Romania, with which it shares a common language, funding 100 joint projects in 2023 and 2024. This support has been instrumental. “They are helping with sharing their expertise, inviting us into consortia, and lots more,” Chiosa said. Looking forward, Moldova is eagerly anticipating joining the EU. “We are looking closely at what the EU is doing and will shape our future national programme in research innovation accordingly.”EU accession “blocked at a technical level”Moldova is aiming to join the EU by 2028, but despite its swift and eager efforts to meet the accession criteria, there remain obstacles outside of the country’s control. For a country to join the EU, it must have certain legislation in place and meet specific standards in various areas. This is categorised into six thematic clusters containing 33 chapters. Moldova and the EU have so far opened two of the clusters, numbers one and six. The first covers fundamental laws, such as the judiciary, security and financial legislation. The sixth covers external relations. The remaining four clusters are still unopened. This includes the third cluster, on competitiveness and growth, which contains the chapter on science and research.Related articlesQ&A: Albania’s ambition to become a ‘moderate innovator’Data corner: Horizon success rates are droppingThe European Commission has confirmed that these clusters are ready to be opened, with an official saying that the Commission is encouraging EU governments, who have the final say, to move forward on the matter. However, both clusters two and three remain blocked by the EU Council’s working party on enlargement and countries negotiating accession to the EU, a different official, representing the Council, confirmed.This working party is set to meet several times in the coming weeks, with a Council meeting scheduled for mid-October in which enlargement, and Moldova’s bid, will be discussed. But there is no certainty that these talks will lead to progress. According to the Council source, it is “completely impossible to foresee if and when the file will be unblocked,” citing the sensitivity of the matter. Moldova’s situation is particularly complicated. One factor is that it borders Ukraine and is increasingly embroiled in Russia’s war, with drone incursions occurring more often on its territory. Another is Transnistria, a Russian-backed breakaway state that lies within the territory of Moldova. It is unclear how the EU would be able to accept Moldova into the bloc while this situation remains unchanged. While there is no direct reason to delay opening cluster three with Moldova, as it covers matters unrelated to security, it could be that the EU is reluctant to speed through accession negotiations without first resolving broader, geopolitical issues.Chiosa is confident that, if and when the chapter on science and research is opened, Moldova will be able to finalise it quickly. It doesn’t require any legislative changes and is only a matter of proving certain standards, which Chiosa believes Moldova is well prepared to do. “We hope that chapter 25 on science and research will be one of the first chapters opened and closed,” he said.
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