Slovakian aviation firm AeroMobil has unveiled its futuristic electric flying car concept which is set to go into production in 2020. At a press briefing, the company introduced its AeroMobil 5.0 VTOL which has been specifically designed for intra-city travel in an effort to alleviate the chronic traffic issues posed by urban congestion.

Officials in the Finnish capital city of Helsinki have confirmed that they will introduce pioneering 'smart city' solutions in an effort to reduce its energy usage by 10-20%. Helsinki is one of three European Lighthouse Cities, and it has finalized its plans for a three-year implementation project which has been specifically designed to transform energy performance in targeted urban areas.

The European Commission (EC) has indicated its plans to help generate funds for a number of European cities who have expressed a desire to erect 'smart' streetlamps in their respective cities across the EU. Research has uncovered that local governments in the EU spent around €7.6bn to light public street lights in 2015. However, the bills could be slashed by up to 70% if local authorities agree to pay extra to install new 'smart' lighting systems aimed at energy efficiency.

The Dutch city of Eindhoven will become the first in the world to implement self-driving cars for large-scale commercial use. The official announcement was made by Steve Neleman, CEO of Amber Mobility at a trade event in Hannover, Germany.

A European self-driving company has entered into a partnership agreement with an Israeli security firm in a bid to accelerate their attempts to develop autonomous vehicles. Vedocom Tech and Israel's Karamba Security announced their collaboration by releasing a joint-statement. Both organizations expressed its confidence in the new partnership, which they hope can propel them into developing autonomous cars that will be deployed across major European cities in the next year.

A number of US and European energy companies have been penetrated by a group of sophisticated hackers in a cyber espionage campaign. The cyber-attack successfully infiltrated some of the core systems that control the firms operations according to reports from researchers at security firm Symantec.