Reddit said to land China’s Tencent as lead investor in funding round that may value website at US$3 billion

The San Francisco-based discussion website is seeking to raise as much as US$300 million in a new funding round and has landed Tencent as a lead investor, according to TechCrunch. Depending on how successful it is in raising money from other investors, Reddit could be valued at US$3 billion, according to the report. Source: South China Morning Post

Sweden extends border controls, citing continued ‘threat’

“The decision is based on the government’s assessment that there is a threat to public order and internal security in Sweden,” a government press release stated.
In autumn 2015, Sweden introduced border checks on car and train traffic at the Öresund Bridge, as well as at ports in Varberg, Gothenburg, Malmö, Helsingborg and Trelleborg. The measures were in response to the large influx of migrants into the country. Source: The Local Sweden

France and Germany face off over Nord Stream 2

  • Shortly before an important decision, France is against the planned gas pipeline Nord Stream 2, which advocates Germany.
  • The decision is an amendment to an EU rule that would allow the Commission to take greater action against Nord Stream 2.
  • The project of the Russian energy company Gazprom raises problems in the strained relationship between Moscow and the Europeans, France justifies.

Source: Sued Deutsche Zeitung