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London CNN —Citibank has won an employment tribunal case brought by an analyst it sacked for claiming expenses for meals he shared with his partner, and then lying about it. I accept that the respondent requires a commitment to honesty from its employees,” employment judge Illing said in the ruling. According to a transcript of an email exchange, included in the employment tribunal ruling, after Fekete filed the expense claim, his manager asked whether he had bought all the food for himself. At the time, he also had work concerns and experienced a “lack of support” from the company, according to the analyst. Citi’s expenses policy, parts of which are detailed in the ruling, also states that employees must list all attendees whose meals they submit for reimbursement.
Persons: Szabolcs Fekete, , Fekete, Illing, , ” Fekete, Organizations: London CNN, Citibank, Citigroup, Financial Times, Citi, CNN, LinkedIn Locations: Amsterdam
The banker later admitted that he had shared the food with his partner and was fired by Citibank. In response, Mr Fekete's senior manager said that the receipt "appears to have two sandwiches, two coffees, and another drink . The bank also questioned whether he had shared two dinners of pesto pasta and pasta Bolognese with his partner, but Mr Fekete said that this was not the case. Mr. Fekete argued that there were mitigating factors, including the recent loss of his grandmother and that he was on strong medication when he replied to the emails. AdvertisementAdvertisementJudge Illing, presiding over the case, concluded that his dismissal was fair, as Mr. Fekete was not initially honest about the misclaimed expense.
Persons: , Szabolcs Fekete, Fekete's, Fekete, Mr Fekete, expensed, Illing Organizations: Citibank, Service, Banking Locations: Amsterdam
Stellantis ' strong growth outlook should successfully mitigate any headwinds from the ongoing United Auto Workers strike, according to Barclays. Barclays' price target of €22.5, or $23.74, implies more than 20% upside from Stellantis' $19.68 close Friday afternoon. Despite this, Stellantis' stock is still trading near its all-time highs after rallying close to 40% so far this year. STLA YTD mountain STLA ytd chart Analyst Henning Cosman acknowledged that many investors may be reluctant to jump into the stock at its current elevated levels. As another risk factor, Cosman believes the company will not be able to report a clean set of earnings until July 2024 or August 2024 given the current strike.
Persons: Stellantis, Henning Cosman, Cosman, Carlos Tavares, Michael Bloom Organizations: United Auto Workers, Barclays, UAW, EU, US Auto Locations: Amsterdam
LONDON (AP) — A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work trip, when he had really shared them with his partner. Fekete, a financial crime expert working for the bank in London, sued for wrongful and unfair dismissal. But he continued to claim he ate all the food himself. Fekete later claimed he had been undergoing personal problems after the death of his grandmother, was on medical leave from work and was on medication while he was answering emailed questions about his expenses claim.
Persons: Szabolcs Fekete, Fekete, ” Fekete, Caroline Illing, Citibank “, Organizations: Citibank, British, Financial Locations: London, Amsterdam
CNN —This week in travel news: An ancient Italian site, a hefty European tourist tax and a bunch of bears in Alaska all got bigger. Norbert Eisele-Hein/imageBROKER/Shutterstock An Indian icon: The Hawa Mahal is part of the larger City Palace complex in the middle of Jaipur. According to Indian authorities in charge of the monument, roughly 1 million people visit Hawa Mahal each year. To experience its cooling effects firsthand, head inside Jaipur's City Palace -- it's located on the edge of the palace grounds. Vishal Bhatnagar/NurPhoto/Getty Images India's stunning Hawa Mahal Prev NextThe Hawa Mahal isn’t just one of India’s most beautiful buildings – it was also way ahead of its time in terms of sustainability.
Persons: It’s, Grazer, F, Jimenez, Alaska’s, Grazer “, She’ll, Jeffrey Pfefferle, Leon McNaught, Pfefferle, they’ve, , , Norbert Eisele, Hein, imageBROKER, Hawa, Vishal Bhatnagar, Elena Odareeva, what's, Sanjay Sharma, Kavita Jain, Lola Fdez, Jain, Mickey Mousing, Organizations: CNN, Amsterdam, Bear, &, Grazer, CNN Travel, UNESCO, Heritage, Adobe, KS, IKEA Locations: Alaska, overtourism Amsterdam, Europe, , Amsterdam, Italy, American, Sicilian, Mussomeli, Zhangzhou, Xiamen, Fuzhou, Fujian province, Indian, Jaipur, Jaipur's, Nogales, Kenya, Swedish
US venture capital firm Regeneration.VC, backed by Leonardo DiCaprio, has moved a founding partner to Europe and is raising its second fund. Michael Smith, a general partner at LA-headquartered Regeneration.VC, moved his family to Amsterdam, the Netherlands, in August. Smith set up Regeneration.VC in 2020 to back seed and Series A stage companies in what he dubbed "consumer climate technology." "For our first fund, we had investors and then companies in our portfolio in Europe. Around one third of Regeneration.VC's first fund has gone to European companies so far, Smith said.
Persons: Leonardo DiCaprio, Michael Smith, Smith, Regeneration.VC, Biden's Organizations: LA, Lightspeed Ventures, Economy Foundation Locations: Regeneration.VC, Europe, Amsterdam, Netherlands, Sequoia, Denmark, New York, New Zealand, California
A boat sails next to the Crimean bridge connecting the Russian mainland with the peninsula across the Kerch Strait, Crimea, July 17, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsAMSTERDAM, Oct 13 (Reuters) - The Dutch prosecutor has penalised four Dutch companies and eight people for breaching EU sanctions on Russia between 2014 and 2017 for helping Moscow build a bridge to Crimea, it said in a statement on Friday. The eight people were sentenced to community service ranging from 20 to 60 hours while the companies paid fines totalling 160,000 euros ($169,000). "The Crimean bridge was built partly due to the use of Dutch knowledge and expertise," it added. The prosecutors' office did not name the companies involved.
Persons: Stringer, Charlotte Van Campenhout, David Evans Organizations: REUTERS, Rights, Thomson Locations: Kerch, Crimea, Russia, Moscow
Life at Sea Cruises has delayed its three-year around-the-world cruise. Life at Sea Cruises has faced several shake-ups over the last few months. Buyers were told Life at Sea will help "make changes to [travelers] accommodations and itinerary at Miray's expense." Broken down, this per-day cost is cheaper than Azamara's recently announced 2026 world cruise . And unlike a typical world cruise, the vessel will be sailing for much longer than just a few months.
Persons: , Lara, Kendra Holmes, Buyers, Holmes Organizations: Sea Cruises, Miray Cruises, Service, Carnival, CNN Locations: Istanbul, Amsterdam, Freeport, Bahamas
A Norwegian Air plane is refuelled at Oslo Gardermoen airport, Norway November 7, 2019. Norwegian Air (NAS.OL) said it had cancelled a planned evacuation flight from Tel Aviv to Oslo due to a lack of insurance cover. The Dutch foreign ministry said it would send a military plane to Israel on Thursday instead. Norwegian Air had been due to fly Norwegian and other Nordic citizens stranded in Israel out of the country on Thursday evening. Germany's Lufthansa (LHAG.DE) was sticking to its plans for evacuation flights on Thursday and Friday.
Persons: Lefteris, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Terje Solsvik, Deborah Kyvrikosaios Organizations: REUTERS, Rights, Airlines, Norwegian Air, Dutch KLM, Air, Norwegian, KLM, Air France, Nordic, Hamas, Lufthansa, Thomson Locations: Norwegian, Oslo Gardermoen, Norway, Rights STOCKHOLM, AMSTERDAM, Israel, Air France, Tel Aviv, Oslo, Paris
STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.
Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion
Israel's military chief, Lieutenant General Herzi Halevi, said lessons would be drawn from the security failures around Gaza that enabled the attack. The U.S. military is placing no conditions on its security assistance to Israel, U.S. Defense Secretary Lloyd Austin said, adding Washington expected Israel's military to "do the right things" in prosecuting its war against Hamas. Scores of Israeli and foreign hostages were taken back to Gaza; Israel said it had identified 97 of them. [1/4]Israeli soldiers hold an Israeli flag while in a tank near Israel's border with the Gaza Strip, in southern Israel, October 12, 2023. "This war is harsh beyond imagining," said Hamdan, who has worked through repeated wars since becoming a rescuer in 2007.
Persons: Antony Blinken, Blinken, King Abdullah, Mahmoud Abbas, America's, General Herzi Halevi, Lloyd Austin, Austin, Benjamin Netanyahu, East Jerusalem's, Kan, Ronen, Israel, Cross, Fabrizio Carboni, Los Angeles, Kathy Hochul, Mount Herzl, Khan Younis, Ibrahim Hamdan, Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Nidal, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Howard Goller, Diane Craft Organizations: Israel U.S, West Bank Security, Hamas, U.S, NATO, Palestinian, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, Public, REUTERS, International Committee, United Nations, Food Programme, ICRC, New, FBI, Mount, Thomson Locations: East Jerusalem, Europe JERUSALEM, GAZA, TEL AVIV, Gaza, Israel, Jordan, U.S, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, East, East Jerusalem's Al, Aqsa, Washington, Europe, Paris, Amsterdam, London, New York, Los, Jerusalem, Geneva, Tel Aviv, Los Angeles
Summary LATEST DEVELOPMENTS:"Civilians of Gaza City, evacuate south for your own safety...and distance yourself from Hamas terrorists who are using you as human shields," Israeli military says. The Israeli military said it would operate "significantly" in Gaza City in coming days and civilians should only return when advised. "Civilians of Gaza City, evacuate south for your own safety and the safety of your families and distance yourself from Hamas terrorists who are using you as human shields," the military said. "Hamas terrorists are hiding in Gaza City inside tunnels underneath houses and inside buildings populated with innocent Gazan civilians." [1/16]Palestinians flee their homes amid Israeli strikes, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, October 13, 2023.
Persons: Yoav Gallant, Gilad Erdan, Israel, Cross, Fabrizio Carboni, Antony Blinken, Mohammed Salem, Blinken, Jordan's King Abdullah, Mahmoud Abbas, Hassan Nassrallah, Lloyd Austin, Austin, Benjamin Netanyahu, Mount Herzl, Khan Younis, Ibrahim Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Michelle Nichols, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Michael Perry, Michael Georgy, Philippa Fletcher, Howard Goller, Diane Craft, Nick Macfie Organizations: Hamas, United Nations, Shifa, International Committee, Food Programme, ICRC, U.S, NATO, REUTERS, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, United, Police, FBI, Mount, Thomson Locations: Gaza City, Gaza, JERUSALEM, TEL AVIV, Israel, Japan, United States, Palestinian, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, Lebanon, Turkey, UAE, Turkish, U.S, Paris, Amsterdam, London, New York, Los Angeles, Jerusalem, Gazans, Geneva, Washington, Tel Aviv
REUTERS/John Sibley/File Photo Acquire Licensing RightsCompanies Yandex NV FollowAMSTERDAM, Oct 12 (Reuters) - Yango, the ride-hailing app owned by Russian tech group Yandex NV (YNDX.O), said on Thursday it is in talks with the Dutch Data Protection Agency to demonstrate that it adheres to European rules on data transfer and storage. The Dutch Data Protection Agency on Thursday confirmed it is also investigating Yango. Yango said the Finnish and Norwegian probes showed "Yango's personal data processing does not pose any imminent threat to the fundamental rights and freedoms" of European users. "As we have always stated, data of Yango users cannot be obtained from the service by Russian authorities outside of the established international procedures, for example, involving Interpol." Yandex is in the process of trying to separate its core Russian businesses from the international operations registered in the Netherlands.
Persons: John Sibley, Yango, Toby Sterling, Jane Merriman Organizations: REUTERS, Russian, Dutch Data Protection Agency, Nasdaq, Interpol, Thomson Locations: London, Britain, AMSTERDAM, Russia, Netherlands
Many European capitals have restrictions on gasoline and diesel cars, but Strömgren says Stockholm’s complete ban would be a first. “We need to eliminate the harmful exhaust gases from (gasoline) and diesel cars. The mayor of Paris wanted to ban all diesel cars before next year’s Olympics, and gasoline cars by 2030, but has run up against resistance. Currently, any diesel cars built before 2006 and gasoline cars built before 1997 are banned in Paris and 77 surrounding towns for 12 hours a day on weekdays. The ban will expand in 2025 for diesel cars built before 2011 and pre-2006 gasoline vehicles.
Persons: Lars Strömgren, Strömgren, Stockholm’s, ” Strömgren, Pernilla Samuelsson, , ” Samuelson, Nike Örbrink, ___ Jan Olsen, Mike Corder, Angela Charlton Organizations: STOCKHOLM, Greens, Associated Press, Taxi, Nike, Democrats, Aftonbladet Locations: Stockholm's, Swedish, Old, Taxi Stockholm, Amsterdam, Paris, Copenhagen, Denmark, The Netherlands, France
Exercise or medication: Which is best for depression?
  + stars: | 2023-10-12 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
What the research showsWhich treatment option works best partly depends on personal perceptions or preferences, including a person’s motivation to exercise or concern about potential side effects of a medication, experts said. For people with severe depression, exercise alone typically isn’t enough. Some experts also wonder which exercise is best for patients who benefit most from such physical activity, Schuch said. While exercise and medication are both viable options, it’s important to note that “none will work for all patients,” Schuch said. If you’re thinking of trying to alleviate depression with fitness, know “the time it takes for someone to experience relief from depression through exercise can vary widely,” Choi said.
Persons: , Brenda Penninx, Karmel Choi, Choi wasn’t, ” Choi, Felipe Barreto Schuch, Schuch wasn’t, Schuch, Ben Singh, wasn’t, Parco Siu, ” Singh, , ” Schuch Organizations: CNN, European College of, Disorders, Vrije University, Harvard Medical School, Federal University of Santa, University of South, University of Hong Locations: Amsterdam, Netherlands, Boston, Federal University of Santa Maria, Brazil, University of South Australia, University of Hong Kong
Afterward, I listened to "Summer Renaissance," Beyoncé's reworking of one of my favorite songs, Donna Summer's 1977 disco hit "I Feel Love," on repeat. Beyoncé's daughter, Blue Ivy, dances, as her mother sings behind her on the London, U.K. leg of the Renaissance World Tour in May 2023. Virgin Hotels New Orleans, where I stayed, is only a half-mile from the Superdome stadium, and was well-prepared to host the many concertgoers who stayed there. Members of Beyoncé's Renaissance World Tour band perform at jazz club Snug Harbor in New Orleans, led by saxophonist Kat Rodriguez (second from right). Caesars Superdome stadium in New Orleans is illuminated by thousands of lights attached to audience members' wristbands during Beyoncé's Renaissance World Tour.
Persons: Beyoncé, Kevin Mazur, WireImage, Alexander McQueen, Roksanda, Roksanda Ilincic, Annie Macmanus, Donna Summer's, Blue Ivy, Beyoncé I've, I've, Redmond —, Honey Dijon, Laveau Contraire, Kat Rodriguez, Lucy Handley, Crystal Torres, Tayler Green, Danny Laurino, John Coletti, Hurricane Katrina, Willa Jean, diamante Organizations: Tottenham Hotspur, Tottenham Hotspur Stadium, Parkwood, London, Caesar's, British Airways, Southbank, Virgin Hotels, Preservation Hall, Bank, Getty, Garden, Uptown, Plantations, New, New Orleans police, Vue Orleans, Caesars Locations: London —, Instagram, London, U.K, British, Amsterdam, New Orleans , Louisiana, YOLO, New Orleans, Orleans, Virgin Hotels New Orleans, Bey, Preservation Hall , New Orleans, Snug, Faubourg Marigny, U.S, Mississippi, Louisiana, Beyoncé's
The AI industry is projected to require as much energy as a small country, a study has found. Mitigation will require more transparency from tech companies, the study's author told Insider. The study analyses the supply chain of AI devices, especially chipmaker Nvidia, which dominates around 95% of the market for AI chips. De Vries acknowledges publically accessible information around this is still quite limited as tech companies don't disclose enough data. Mitigation will require more transparency from tech companies, he said, as well as establishing a more mindful approach towards AI development as a whole.
Persons: , Alex de Vries, de Vries, Vries Organizations: Service, Tech, VU Amsterdam School of Business, Nvidia Locations: Sweden, Netherlands, Argentina
NEW YORK (AP) — Louise Meriwether, the author and activist whose coming-of-age novel "Daddy Was a Number Runner" is widely regarded as a groundbreaking and vital portrait of race, gender and class, has died. "Daddy Was a Number Runner," published in 1970, tells of a poor Black community in Harlem during the 1930s as seen through the eyes of 12-year-old Francie Coffin. Political Cartoons View All 1206 ImagesIn 2016 the Feminist Press and TAYO Literary Magazine launched the Louise Meriwether First Book Prize for "debut women/nonbinary writers of color." "Daddy Was a Number Runner" was a personal story. After returning to New York in the late 1960s, she joined the Harlem Writers Guild and befriended Angelou and Sonia Sanchez, among others.
Persons: — Louise Meriwether, Meriwether, Cheryl Hill, Hill, Francie Coffin, Francie, I'm, Toni Morrison's, Angelou's, James Baldwin, Jacqueline Woodson, Louise Meriwether, Rosa Parks, Daniel Hale Williams, Robert Smalls, John Birch, Muhammad Ali's, Angelo Meriwether, Earle Howe, Louise Jenkins, Budd Schulberg, Angelou, Sonia Sanchez, Sarah Lawrence Organizations: Amsterdam Nursing, Feminist Press, Columbus Foundation, Los Angeles Times, IMF, World Bank, John Birch Society, Sarah Lawrence College, University of Houston, New York University, UCLA, Watts Writers, South Central, Universal Studios, Harlem Writers Guild, Pine Manor College Locations: Manhattan, Harlem, Puerto Rican, South Africa, Haverstraw , New York, Brooklyn, South, South Central Los Angeles, Hollywood, New York, Pine
Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."
Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, , Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria
London CNN —A painting valued at $15,000 just two years ago is now expected to fetch up to $18 million at auction after being identified as the work of the Dutch master Rembrandt. Extensive tests revealed changes that Rembrandt had made to the painting. The examination, which involved x-rays and infrared imaging, as well as intensive discussions with leading Rembrandt scholars, led Sotheby’s to conclude the painting is “an autograph work by Rembrandt.” It now values the work at between £10 million and £15 million ($12.2 million-$18.3 million). Thereafter, the painting was “entirely overlooked and completely ignored in the Rembrandt literature,” according to Sothebys. “This sophisticated painting is in equal measure a product of Rembrandt’s brush and his intellect.
Persons: Rembrandt, , J.C.H, Christie’s, Sotheby’s, , Jesus, George Gordon, Kurt Bauch, Gordon, ” Gordon Organizations: London CNN, Christie’s, Rembrandt, Sotheby’s, CNN Locations: Heldring, Amsterdam, Dutch, Sotheby’s, Leiden, Constantijn, Hong Kong, New York, Los Angeles, London
The card, which showed Bernhard first joined in 1933, was found by historian Flip Maarschalkerweerd, the Royal Information Service. via Reuters TV Acquire Licensing RightsAMSTERDAM, Oct 6 (Reuters) - The discovery of a Nazi membership card in the name of late Dutch Prince Bernhard, a German who married into the Dutch royal family in the 1930s, revived calls on Friday for an inquiry into his ties to Adolf Hitler's party. Prince Bernhard, the grandfather of Dutch King Willem Alexander, died in 2004. The Dutch government confirmed the card was found but has resisted calls for an inquiry. The card, which showed Bernhard first joined in 1933, was found by historian Flip Maarschalkerweerd, the Royal Information Service said.
Persons: Bernhard, Flip Maarschalkerweerd, Dutch Prince Bernhard, Adolf Hitler's, Prince Bernhard, Dutch King Willem Alexander, Prince Bernhard's, Bernhard von Biesterfeld, Maarschalkerweerd, Juliana, King Willem Alexander, Prince, Willem, Alexander, Toby Sterling, Bart Meijer, Anthony Deutsch, Angus MacSwan Organizations: Royal Information Service, Reuters, Rights, Nazi, NSDAP, for Information, Documentation Israel, Institute for, Genocide, De Volkskrant, Allies, Germany, NOS, Thomson Locations: Dutch, Nazi, U.S, Netherlands
[1/2] FILE PHOTO-Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo Acquire Licensing RightsAMSTERDAM, Oct 6 (Reuters) - The U.S. Food and Drug Administration (FDA) said it is still not satisfied with how Dutch healthcare technology company Philips (PHG.AS) has handled a major product recall and the company should conduct additional risk testing. It was the latest blow to Philips over the recall of millions of sleep apnea and respiratory devices, which has been ongoing since 2021. Philips lost more than two-thirds of its market valuation in 2021-2022, but has staged a modest recovery in 2023. "The FDA is clearly still not happy with the way the recall is being handled."
Persons: Eva Plevier, Philips, Bernstein, Toby Sterling, Piotr Lipinski, Mark Potter, Jan Harvey Organizations: Philips, REUTERS, Rights, U.S . Food, Drug Administration, FDA, Thomson Locations: Amsterdam, Netherlands, U.S
Shares of Dutch health tech company Philips tumbled to the bottom of the European benchmark on Friday, after the U.S. drug regulator deemed its handling of a major product recall inadequate. The Amsterdam-listed stock was trading more than 8% lower at 1:15 p.m. London time, paring some losses after falling by as much as 10% earlier in the session. The announcement reflects yet another blow to Philips over the recall of millions of ventilators used to treat sleep apnea, which CEO Roy Jakobs earlier this year said would be the the firm's "highest priority." The FDA said it finds additional testing is necessary and noted Philips agreed to carry out this request. The company added that it shares the same objective as the FDA and other regulators "to ensure the highest standards of patient safety and quality in the delivery of healthcare."
Persons: Roy Jakobs, Philips Organizations: Philips, U.S . Food, Drug Administration, FDA Locations: U.S, Amsterdam, London
NO ARCHIVES Acquire Licensing RightsCompanies Early Warning System GmbH FollowNEW DELHI, Oct 6 (Reuters) - Scientists and government authorities were working on an early warning system for glacial floods at a Himalayan lake in northeast India when it broke its banks this week with deadly consequences. If fully operational, the warning system could have given people more time to evacuate, scientists said. One scientist said glacial early warning systems can typically give residents a few minutes to an hour of notice. Details of the Lhonak Lake warning system have not previously been reported. "Such kind of events are so fast that even if we have some kind of early warning system ... we may only gain some minutes, maybe an hour," he said.
Persons: Wang Chen, geoscientist Simon Allen, Kamal Kishore, Farooq Azam, Ali Withers, Gloria Dickie, Shivam Patel, Cynthia Osterman Organizations: Adarsh gaon, REUTERS, NEW, Reuters, University of Zurich, Disaster Management Authority, Indian Institute of Technology, Thomson Locations: Teesta, Singtam, Sikkim, India, NEW DELHI, Swiss, Lakes, Pakistan, China, Nepal, Bhutan, Shako Cho, Indian Institute of Technology Indore, Copenhagen, Amsterdam, Delhi
Otherwise, exemptions to the hybrid work policy will "only be granted in rare and exceptional cases" like documented medical reasons. Below is a copy of Tanium's hybrid work policy FAQ:Tanium Return to Office & New Hybrid Work Policy FAQQ: What is Tanium's new hybrid work policy? move to another city, state, county or country) the general expectation is that they will adhere to the hybrid work policy going forward. move to another city, state, county or country) the general expectation is that they will adhere to the hybrid work policy going forward. Additional Policy DetailsQ: Will exemptions from the hybrid work policy be provided?
Persons: Tanium, Dan Streetman, Orion Hindawi Organizations: Employees, Meta, Microsoft, Leadership Team, Team, Google, North, EMEA, Frankfurt, JP, KR, SharePoint Locations: North America, Emeryville , CA, Morrisville , NC, Addison , TX, Kirkland , WA, Bethesda, New York, Denver, Tampa , FL, Vancouver, Reading, Amsterdam, DE, Paris, Krakow, Tokyo, Osaka, Nagoya, Seoul, Singapore, SP
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