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☆ US FDA still not satisfied with Philips recall; stock falls over 9%
▼ + stars: | 2023-10-06 | by ( Tosterling Piotr Lipinski | Piotr Lipinski | ) www.reuters.com time to read: +1 min

[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

☆ Discovery of Dutch prince's Nazi membership card revives calls for inquiry
▼ + stars: | 2023-10-06 | by ( Tosterling Bart H. Meijer | Bart H. Meijer | ) www.reuters.com time to read: +3 min

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

☆ $9 billion cybersecurity startup Tanium is ditching its remote-work policy and mandating workers back to the office, leaked document shows
▼ + stars: | 2023-10-05 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +11 min

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

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

☆ SAS slides 95% as Scandinavian airline's shareholders wiped out
▼ + stars: | 2023-10-04 | by ( Louise Rasmussen | ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 4 (Reuters) - SAS shares slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners. SAS (SAS.ST) said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders alongside the Danish state, and that the airline's stock will be delisted from the Stockholm, Copenhagen and Oslo exchanges. Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. Shares in SAS, which have tumbled in recent years, traded down 83% at 1144 GMT to 0.05 Swedish crowns ($0.0045). "Management itself has come out to say there was a risk that the shares will become worthless.

Persons: Andrew Kelly, Lind, Jacob Pedersen, Pedersen, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik, Alexander Smith Organizations: SAS, Air France, KLM, France, Scandinavian Airlines, Copenhagen, REUTERS, Lind Invest, Thomson Locations: COPENHAGEN, United States, Danish, Stockholm, Copenhagen, Oslo, Amsterdam, Paris, Denmark

Yet increasingly, euro area specific factors, particularly exposure to higher oil prices, risk further weakness in an already stagnating economy, and the single currency. The euro is especially vulnerable to rising oil prices, with net imports accounting for over 90% of oil products available in the European Union. "High oil prices are weighing on the euro area's terms of trade, and if oil prices move above $100 per barrel to $110 per barrel we think it will be difficult for the euro to avoid parity," said Nomura's G10 FX strategist Jordan Rochester. But it also lifts price pressures through higher import costs, compounding the impact from higher oil prices. "Definitely the euro zone is not in a good place right now," said Moec, adding that he did not rule out a euro move to parity.

Persons: Dado Ruvic, Jordan, Nomura, Morgan Stanley, Jens Eisenschmidt, Francesco Pesole, Athanasios, Gilles Moec, Dhara Ranasinghe, Alun John, Yoruk, Christina Fincher Organizations: U.S, REUTERS, European Union, OPEC, Barclays, European Central Bank, ECB, ING, Germany, Bank of America, AXA Investment, Thomson Locations: Jordan Rochester, United States, ITALY, Italy, U.S, London, Amsterdam

☆ The sure-fire way to save America’s cities? Do what Tokyo does.
▼ + stars: | 2023-10-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

But affordability isn't an issue in the world's biggest city, Tokyo. In collectivist Japan, housing policy is designed to benefit the most people possible. Earthquakes and small homesAnother feature of the Japanese housing market is purely situational: The country is a hotspot for earthquakes. Could the US import Japanese housing policy? Japan's housing policy "is now quite well understood" among American housing advocates and scholars, he says, "whereas it was not even three years ago."

Persons: metropolises, Eric Adams, Alan Durning, Durning, Jiro Yoshida, NIMBYism, Jenny Schuetz, Yoshida, Schuetz, André Sorensen, there's, Sorensen, Nolan Gray, Impermanence, Gray, tradeoffs, Eliza Relman Organizations: US, America it's, New York City, Sightline, Pennsylvania State University, Brookings Institution, University of Toronto, Earthquakes Locations: Los Angeles, Miami, New York, San Francisco, Tokyo, it's, America, Paris, Japan, inequity, Montana, California, United States, Vienna, Amsterdam, California , Oregon, Washington

Only the fifth woman to win a Nobel physics prize, French-born L'Huillier works at Lund University in Sweden, while Agostini, who was also born in France, is a emeritus professor at Ohio State University in the United States. Agostini and Krausz then demonstrated how this could be used to create shorter light pulses than previously possible. These experiments all showed that attosecond pulses could be observed and measured, and could be used in new experiments. While the award for peace can take the limelight, the physics prize has also often taken centre stage with winners such as Albert Einstein and awards for science that has fundamentally changed how we see the world. Announced on consecutive weekdays in early October, the physics prize announcement will be followed by ones for chemistry, literature, peace and economics, the latter a later addition to the original line-up.

Persons: Pierre Agostini, Ferenc Krausz, Anne L'Huillier, Eva Olsson, Krausz, L'Huillier, Agostini, Emmanuel Macron, Hans Ellegren, Mats Larsson, Katalin Kariko, Drew Weissman, Alfred Nobel, Albert Einstein, Niklas Pollard, Simon Johnson, Johan Ahlander, Terje Solsvik, Elizabeth Pineau, Ayhan Uyanik, Christine Uyanik, Charlotte Van Campenhout, Michaela Cabrera, Alexandra Hudson, Rosalba O'Brien Organizations: Reuters, Max Planck, Quantum Optics, Lund University, Ohio State University, Royal Academy of Sciences, Thomson Locations: STOCKHOLM, Hungarian, Garching, Germany, French, Sweden, France, United States, Stockholm, Austria, Paris, COVID, Oslo, Krisztina, Budapest, Amsterdam

Why are global bond yields rising? With inflation excluding food and energy prices elevated and the U.S. economy resilient, central banks are pushing back against rate cut bets. Many investors were also betting bond yields would drop, so are extra sensitive to moves in the opposite direction, analysts say. That is no surprise, and analysts do not rule out a rise in 10-year Treasury yields to 5%, from 4.7% now . Bond yields determine governments' funding costs, so the longer they stay high, the more they feed into the interest costs countries pay.

Persons: Brendan McDermid, August's, Goldman Sachs, Mahmood Pradhan, Treasuries, Andrea Kiguel, Yoruk, Dhara Ranasinghe, Karin Strohecker, Marc Jones, Amanda Cooper, Ed Osmond Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, August's Fitch, Reuters, Treasury, Deutsche Bank, Amundi Investment, U.S, JPMorgan, Barclays, Yoruk Bahceli, Thomson Locations: New York City, U.S, Germany, Japan, Italy, Europe, Americas, Amsterdam, London

☆ Legendary hedge-fund manager Bill Ackman has beaten 99% of his peers over the last 5 years. Here are 2 stocks he says he's massively betting on with 40% of his $16.9 billion portfolio.
▼ + stars: | 2023-10-03 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Bill Ackman says he doesn't short stocks anymore. The hedge fund manager famously feuded with investing legend Carl Icahn over Ackman's short position on Herbalife over a decade ago. At the conference, Ackman talked about two companies he's placing massive bets on right now: Universal Music (UNGVY) and Alphabet (GOOG). Ackman said his portfolio has a 22-25% weight on Universal Music, and a 16-17% weight on Alphabet, meaning he's betting 38-42% of his fund on the two firms. For Universal Music it's streaming.

Persons: Bill Ackman, Carl Icahn, Ackman, we'd, I'm, CNBC's Scott Wapner, Warren Buffett, chatbot, OpenAI's ChatGPT, They've Organizations: Pershing Square Holdings, Delivering Alpha, Pershing, Morningstar, Universal, Euronext, Universal Music, Capitol Records, Jam, Google, YouTube Locations: New York, Euronext Amsterdam

☆ Dutch regulator rejects Apple’s objections against fines
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

A man holds a bag with a new iPhone inside as Apple's new iPhone 15 officially goes on sale across China, next to an Apple Store, in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsCompanies Apple Inc FollowAMSTERDAM, Oct 2 (Reuters) - Dutch competition watchdog ACM on Monday said it had rejected objections by Apple (AAPL.O) against fines of 50 million euros ($52.9 million) it had given the company over failure to comply with regulations aimed at limiting the dominant position of Apple's App Store. The ACM said Apple had by now complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to the fines. ($1 = 0.9454 euros)Reporting by Bart Meijer, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Bart Meijer, Louise Heavens Organizations: Apple, REUTERS, Apple Inc, ACM, Thomson Locations: China, Shanghai, Netherlands

PARIS (AP) — Planted in a field, Vincent van Gogh painted furiously, bending the thick oils, riotous yellows and sumptuous blues to his will. And it had a doctor who specialized in depression, Paul Gachet, who took Van Gogh on as a patient. The exhibit includes 11 paintings that Van Gogh painted on unusual elongated canvases, experimenting to stunning effect. Another version of the exhibition, with 10 of the elongated canvases, was first shown at Amsterdam’s Van Gogh Museum earlier this year. “It’s a real fireworks show.”"Van Gogh in Auvers-sur-Oise: The Final Months" runs at the Musée d'Orsay through Feb. 4, 2024.

Persons: —, Vincent van Gogh, Van Gogh, Van Gogh's, Paul Cézanne, Camille Pissarro, Paul Gachet, ” Emmanuel Coquery, “ He’d, ” Coquery, ”, Jimi Hendrix, Sylvia Plath, Jean, Michel Basquiat, Gogh's, Coquery, “, Musée d'Orsay Organizations: PARIS, Orsay Locations: Wheatfield, Paris, French, Auvers, Oise, Van, Amsterdam, Dutch, York, Musée

☆ The Great Zelle Pool Scam
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. Out of all the kinds of money, money to build a pool is probably the very best kind of money for the world to suffer the loss of. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

Persons: Madison Ketcham, Gary Kruglitz, Gary, couldn't, he'll, Gary —, —, Cheryl, Sheryl, Sheryl —, we'd, Jeff Allen's, didn't, Jeff, Krystal, we'll, He'd, you've, Karen, I'm, she'd, Yellllow, Zelle, Chase, Sen, Elizabeth Warren, there's, That's, It's, Jesus, who'd, Donald Trump, Gary Kruglitzes, Cheryls —, Yasmine48, Nixon, Evan Kohlmann, cybercrime, we've, I've, Kohlmann, Guess, Let's, that's, Elizabeth Warren's, it's, they're, Warren's, Warren, I'd, they'd, blinked Organizations: Boston Pops, The New York Times, New York Times, Chase, Bank of America, PNC, US Bank, PayPal, Disney, NBC, Warner Bros, Netflix, JPMorgan Chase, Bank —, of, Professionals, Justice Department, Northeast . Contractors, Cloudburst Technologies, Facebook, FBI, Mafia, Massachusetts State Police, Monterey Police Department, Police Locations: Massachusetts, Lyme, Tennessee, Wells Fargo, Truist, Silicon Valley, Amsterdam, Northeast, what's, Paxful, Estonia, Korea, Monterey , Massachusetts, Monterey

☆ Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn't Care
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

Because a lot of bank branches were still closed, and the crew wanted their money, he requested that we transfer the money via Zelle. When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

☆ Beyoncé’s Renaissance World Tour: Best looks
▼ + stars: | 2023-09-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

CNN —It’s not the diamonds or the pearls that make Beyoncé that girl, but fashion is a critical part of what’s made her Renaissance World Tour unforgettable. In celebration of her seventh album of the same name, Beyoncé’s first solo tour in seven years featured a wardrobe fit for a queen. For me, during her Renaissance tour she is Queen B Beyond, a timeless queen that moves in a dazzling constellation.”“This ethereal and futurist femininity complements and extends her other looks in the tour that beautifully highlight other aspects of feminine empowerment,” van Herpen added. Here are some of the best looks from the Renaissance tour. Kevin Mazur/WireImage/Getty ImagesThis custom Balmain look by Olivier Rousteing was one of multiple silver ensembles Beyoncé wore on tour.

Persons: CNN — It’s, what’s, Beyoncé’s, ” Beyoncé, “ Beyoncé, ”, Iris van Herpen, Beyoncé, “, ” van Herpen, David Koma, ” Koma, Kevin Mazur, Alexander McQueen bodysuit, Courrèges, ” Kevin Mazur, Roksanda Ilincic, Loewe, Shiona Turini, Jonathan Anderson, Gucci, Frank Micelotta, Casey Cadwallader, Turini, ” Coperni, Bob Mackie, Iris, Herpen, David Koma “, Sylvia Earle, — “, Daniel Roseberry, Richard Quinn bodysuit, Gaurav Gupta’s, ” Gupta, Elie, Karen Langley, Tara Greville, Olivier Rousteing, Peter Dundas, Ibrahim Kamara Organizations: CNN, Chrome, Beyoncé, Paris Haute Couture, Elie Saab Locations: Stockholm, London, Amsterdam, Chicago, Atlanta, Warsaw, Minneapolis

☆ JetBlue files complaint in US against Schiphol flight curbs
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. "In so doing, the Dutch government stands in flagrant violation of the U.S.-EU Air Transport Agreement," JetBlue said in its complaint. The move essentially closed Schiphol to new entrants, JetBlue said. New entrants such as JetBlue are facing a completely closed market and 100% expulsion from the market," the company said. Airlines that use Schiphol including Air France-KLM (AIRF.PA) have sued to try to prevent the cap at one of Europe's busiest airports.

Persons: Benoit Tessier, Bart Meijer, Charlotte Van Campenhout, Mark Potter, Elaine Hardcastle Organizations: JetBlue Airbus, International Paris Air, Le, REUTERS, Rights, U.S, JetBlue Airways, European Union, U.S . Department of Transportation, Schipol, KLM, EU Air, JetBlue, historics, Airlines, Air France, Thomson Locations: Le Bourget, Paris, France, Netherlands, U.S, Schiphol, Amsterdam

☆ Pokémon teams up with Van Gogh Museum in Amsterdam
▼ + stars: | 2023-09-28 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Pokémon is partnering with the Vincent van Gogh Museum in Amsterdam as part of a new collaboration to teach youngsters about the work of one of the Netherlands’ most famous artists. A number of Pokémon-themed exhibits will run at the Van Gogh Museum from Thursday as part of the museum’s 50th anniversary celebrations, according to a press release published Wednesday. Courtesy Van Gogh Museum“This collaboration will allow the next generation to get to know Vincent van Gogh’s art and life story in a refreshing way. The Van Gogh Museum and The Pokémon Company have drawn on many years of educational expertise to create a special experience for children, their supervisors, and we hope many others at the Van Gogh Museum,” said Emilie Gordenker, general director of the Van Gogh Museum, in the release. Courtesy Van Gogh MuseumThe collaboration will run until January 7 and a regular ticket to the museum is required for entry.

Persons: Pokémon, Vincent van Gogh, Vincent van Gogh’s, Van, ”, Emilie Gordenker, Van Gogh's, Theo, Vincent, ‘, Mathieu Galante, Galante, Pikachu Organizations: CNN, Van, Van Gogh Museum, Pokémon Company Locations: Amsterdam, Netherlands, Van Gogh, Gogh, Japan

We are growing but nowhere near fast enough," said Ben Blackwell, CEO of the Global Wind Energy Council. In June, Siemens Gamesa said quality problems at its two most recent onshore wind turbines would cost 1.6 billion euros ($1.7 billion) to fix. "The ratio between risk and reward is out of line in the offshore wind market in many jurisdictions. You can see this from investors not showing up," the Global Wind Energy Council's Blackwell told Reuters. "The situation in U.S. offshore wind is severe," Orsted CEO Mads Nipper said last month.

Persons: Pascal, Jon Wallace, WindEurope, Markus Krebber, Germany's, Ben Blackwell, Rob West, Siemens Gamesa, Fraser McLachlan, McLachlan, Jochen Eickholt, Wallace, Energy Council's Blackwell, Denmark's Orsted, RWE's Krebber, Joe Biden's, Mads Nipper, Nina Chestney, Nichola Groom, Christoph Steitz, Nora Buli, Francesca Landini, Toby Sterling, David Clarke Organizations: REUTERS, Rights, European, Jupiter Asset Management, EU, Shell, Siemens, LinkedIn, Wind Energy, Thunder Said Energy, GCube Insurance, Bloomberg New Energy Finance, Energy, Reuters, European Commission, Thomson Locations: Le Havre, Normandy, France, European Union, Britain, Netherlands, Norway, Ukraine, Jupiter, U.S, Los Angeles, Frankfurt, Milan, Amsterdam

☆ Feyenoord add to Ajax woe by completing victory in suspended match
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Ajax were trailing 3-0 in the second half when the game was initially suspended in the 56th minute before being abandoned. It was only the second time Feyenoord had scored four goals away against traditional rivals Ajax and took them up to third in the standings. The defeat adds pressure on new coach Maurice Steijn whose future has been the subject of much speculation. Ajax, who have had a poor start to the season with just one win, sit 14th in the 18-team league. They finished third last season and failed to qualify for the Champions League for the first time in 13 seasons.

Persons: Feyenoord's Santiago Gimenez, Mats Wieffer, Johanna Geron, Santiago Gimenez, Johan Cruyff, Gimenez, Igor Paixao, Maurice Steijn, Sven Mislintat, Steijn, Pier Eringa, Mark Gleeson, Christian Radnedge Organizations: Soccer, Europa, Feyenoord, Shakhtar Donetsk, Feyenoord Stadium, Rights, Ajax Amsterdam, Wednesday, Ajax, Champions League, Thomson Locations: Rotterdam, Netherlands, Mexican, Amsterdam, Cape Town

☆ Dutch insurers' shares hit by unfavourable court ruling
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Sept 27 (Reuters) - Shares of Dutch insurers took a hit on Wednesday as a court ruling in a years-long fight over investment-linked products re-opened the prospect of large compensation claims. NN Group (NN.AS) traded down 13.5% at 0750 GMT in Amsterdam, while fellow Dutch insurer ASR (ASRNL.AS) fell 8.6%, as NN warned of the possibly "material adverse effect" of the interim court ruling. NN Group and other Dutch insurers have been dealing with issues related to these insurance policies, popularly known as "woekerpolissen" for years. "This also has impact for the legal cases against other Dutch insurers, who all sold similar unit-linked products at the time," KBC analysts wrote in a note. Between 2008 and 2010, Dutch insurers collectively paid clients about 3 billion euros ($3.2 billion) in compensation over similar policies, but several consumer groups have since filed suits arguing the compensation was too low.

Persons: Bart Meijer, Louise Heavens, Christina Fincher Organizations: KBC, Aegon NL, Dutch, Thomson Locations: AMSTERDAM, Hague, Amsterdam

☆ ASM International raises 2025 revenue guidance
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Sept 26 (Reuters) - Dutch semiconductor equipment maker ASM International (ASMI.AS) raised its revenue target for 2025 on Tuesday, saying its innovation strategy and transition to new technologies would reap results. The Amsterdam-listed company now expects revenue to reach 3 billion euros to 3.6 billion euros ($3.81 billion) in two years time, up from a previous estimate of 2.8 billion to 3.4 billion euros. ASM International also reiterated its gross margin target at 46-50% and its operating margin target at 26-31% for 2023-2025. ALD, a technique in semi-conductor manufacturing using ultra-thin layers of material, accounted for more than half of the company's revenue from equipment sales in 2022. The group also confirmed its overall sales target for the upcoming quarter at between 580 million and 620 million euros.

Persons: Benjamin Loh, Victor Goury, Pierre John Felcenloben, Christopher Cushing, Kirsten Donovan Organizations: ASM, ASM International, Thomson Locations: Amsterdam

☆ Abandoned Ajax v Feyenoord match set to resume on Wednesday
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

Sept 25 (Reuters) - The abandoned match between Ajax Amsterdam and Feyenoord will resume on Wednesday without spectators, the Dutch football Association (KNVB) said on Monday. Ajax's home Eredivisie match against champions Feyenoord was abandoned on Sunday as fans threw flares onto the pitch, and mounted police used tear gas to disperse rioting fans outside the stadium. Ajax were trailing 3-0 in the second half when the game was initially suspended in the 56th minute before being abandoned. [1/2]Destruction at the main entrance of Johan Cruijff Arena by the hooligans is seen after the abandoned match between Ajax and Feyenoord last Sunday in Amsterdam, Netherlands September 25, 2023. The Eredivisie match between Ajax and FC Volendam, initially scheduled for Wednesday, will be postponed to a later date.

Persons: Ajax's, Johan Cruijff, de Wouw, Tommy Lund, Bart Meijer Organizations: Ajax Amsterdam, Feyenoord, Dutch football Association, KNVB, Ajax, Dutch, Johan Cruijff Arena, REUTERS, FC Volendam, Champions League, Thomson Locations: Amsterdam, Netherlands, Gdansk

☆ Ajax vs Feyenoord: Police use tear gas to disperse fans outside stadium after match abandoned
▼ + stars: | 2023-09-25 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

The Amsterdam team had been losing 3-0 at the Johan Cruyff Arena when the game was suspended in the 56th minute. There was also trouble outside the stadium after the match had been abandoned as riot police used tear gas on fans trying to force their way into the stadium. Police officers stand guard outside the stadium after the Eredivisie match was suspended. The riot police carried out several charges and used tear gas,” Amsterdam police said in a statement posted on X, formerly known as Twitter. Due to concerns about possible unrest, Feyenoord supporters had not been allowed inside the stadium for the match.

Persons: CNN —, Johan Cruyff, Olaf Kraak, ’, ”, Sven Mislintat Organizations: CNN, Eredivisie, Feyenoord, Amsterdam, Johan Cruyff Arena, Ajax, Police, Getty, Twitter, Champions League Locations: Amsterdam

☆ UBS says Zurich and Tokyo are the cities most at risk of being in a housing bubble. Here are the other 15 markets where they warn home prices are overvalued — and the 6 most vulnerable to declines.
▼ + stars: | 2023-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is driving up mortgage rates after years of lower-rate policies, crushing affordability and sinking home prices in some metropolitan areas. In the note, the pair released UBS's most reading of its Global Real Estate Bubble Index. Two cities — Zurich and Tokyo — top the list and are considered to be in "bubble risk" territory by being at least 1.5 standard deviations out of their index norm (Zurich at 1.71 and Tokyo at 1.65). UBS"Such high multiples come from an excessive appreciation of housing prices in the wake of previously low interest rates," Saputelli and Holzhey said. "House prices in all these cities remain vulnerable to corrections should interest rates remain elevated for longer or continue to rise further."

Persons: Claudio Saputelli, Matthias Holzhey, Holzhey Organizations: Federal Reserve, European Central Bank, Reserve Bank of India, Bank of England, Reserve Bank of Australia, Bank of, Central Bank of, Bank of Canada, UBS, Swiss, —, Tokyo —, Miami Locations: Bank of Korea, Central Bank of Brazil, — Zurich, Tokyo, Zurich, Munich, Frankfurt, Hong Kong, Toronto, Geneva, Los Angeles, London, Tel Aviv, Vancouver, Amsterdam, Stockholm, Paris, Sydney

☆ Travel news: This airport has more global flight connections than anywhere else in the planet
▼ + stars: | 2023-09-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. Airports flying highSome airports rank highest for passenger volume, such as Hartsfield-Jackson Atlanta International, which served close to 94 million travelers last year. Others excel in passenger satisfaction in North America, such as those in Detroit and Minneapolis, which triumphed in a new study by J.D. However, there are three international airports that punch above their weight when it comes to their rich array of connecting flights around the world. Destination inspirationWhen planning vacation itineraries, you really can’t go wrong by checking out local UNESCO World Heritage sites: It’s the unofficial stamp of a quality day out.

Persons: Nikki Bettis, ” Organizations: CNN, UNESCO, Hartsfield, Jackson Atlanta International, London Heathrow, New, JFK, Amsterdam’s, Kuala Lumpur International, Tokyo, Heritage, Bale, Oriental Express, Orient, Disney, Magic Kingdom, United Airlines Locations: North America, Detroit, Minneapolis, ., London, Amsterdam’s Schiphol, Kuala, Tokyo Haneda, Ohio, Ethiopia, West, Jericho, Venice, UNESCO’s, Lake Como, Singapore, Malaysia, Italy, Italy’s, Magic, China, Rome

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