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Aug 25 (Reuters) - Strategists at BofA Global Research see second-half "trouble" for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years. "We say tech = H2 trouble rather than era of new AI rules," BofA said in the note. In the latest weekly data, the tech sector saw a $2.3 billion inflow, its largest inflow in 10 weeks, BofA said. Emerging markets debt meanwhile lost out, BofA said, seeing the largest weekly outflow since the collapse of Silicon Valley Bank in March.

Persons: Michael Hartnett, BofA, Lewis Krauskopf, Dhara Ranasinghe, Alistair Bell Organizations: BofA, Research, Nasdaq, U.S . Treasury, Silicon Valley Bank, Thomson Locations: U.S, Silicon, New York, Amsterdam

☆ Oil heads for weekly fall on demand worries, dollar strength
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. A strong dollar makes oil more expensive for holders of other currencies, denting demand. Oil fell for much of the week as global economies reported shrinking factory activity. India's oil consumption growth has also slowed in recent months on high inflation and slowing global trade.

Persons: Rishi Sunak, Brent, Jerome Powell Organizations: U.S, West Texas, Federal Locations: Amsterdam, Rotterdam, Antwerp, Japan, Saudi Arabia

☆ Dutch supreme court: Israeli military immune from prosecution in Netherlands
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Israeli Defense Minister Benny Gantz speaks to the media after casting his ballot on the day of Israel's general election outside a polling station in Rosh Ha'ayin, Israel November 1, 2022. REUTERS/Nir Elias/File Photo Acquire Licensing RightsAMSTERDAM, Aug 25 (Reuters) - The Dutch supreme court ruled on Friday that two Israeli former military commanders, including ex-defence minister Benny Gantz, are immune from civil prosecution in the Netherlands in a case brought over the deaths of six Palestinians in an Israeli air strike. In the suit, Ziada sought unspecified damages against Gantz under Dutch universal jurisdiction rules, which allows countries to prosecute serious offences committed elsewhere. Sixty-seven Israeli soldiers and six civilians in Israel also died, according to Israeli military and health officials. Reporting by Charlotte Van Campenhout and Stephanie van den Berg; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Benny Gantz, Nir Elias, Gantz, Amir Eshel, Ismail Ziada, Ziada, Charlotte Van Campenhout, Stephanie van den Berg, Mark Heinrich Our Organizations: REUTERS, Rights, Dutch, Thomson Locations: Rosh Ha'ayin, Israel, Netherlands, Hamas, Gaza

☆ Autoworkers Vote to Authorize Strikes if Negotiations Fail
▼ + stars: | 2023-08-25 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +2 min

G.M., Ford and Stellantis have suggested they will probably agree to some form of higher wages. A fresh indication of how the talks may go came on Thursday, when an Ohio battery plant owned jointly by G.M. Mr. Fain had repeatedly criticized wages at the plant, which had started at about $16 an hour, as being too low. said in July that it expected to earn more than $9.3 billion this year, about $1 billion more than a previous forecast. Ford expects earnings before taxes of $11 billion to $12 billion this year.

Persons: Fain, Fain’s, Tesla, Ram, Ford Organizations: Ford, G.M, LG Energy, Chrysler, Jeep Locations: Ohio, Korean, G.M, United States, Amsterdam, North America

☆ Take Five: Farewell to a bruising August
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Other data such as consumer confidence, the state of manufacturing, and inflation, with the latest personal consumption expenditures index is also due. Line chart with data from Refinitiv Datstreamn shows U.S. unemployment rate and federal funds target rate from January 2021 to July 2023. Yet Thursday's flash euro area August inflation number, which follows releases from some member states, could be the decider. The world's most populous country is already concerned about the threat to production of several basic commodities, including rice and sugar.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Nigel Hunt, Dhara, payrolls, Bundesbank, buybacks, Xi Jinping, Karin Strohecker, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, ECB, Reuters, Nino, Climate, Thomson Locations: New York City, U.S, China, Lewis, New York, Tokyo, Amsterdam, London, Jackson Hole , Wyoming, Indonesia, Thailand

☆ Weight-loss drug Wegovy produces ‘largest benefit ever seen’ for patients with most common form of heart failure, trial finds
▼ + stars: | 2023-08-25 | by ( Meg Tirrell | ) edition.cnn.com time to read: +5 min

There are 64 million people globally living with heart failure, Novo Nordisk said in a statement about the trial results. This type of heart failure accounts for more than half of all cases in the US and is increasing in prevalence, according to Kosiborod and his co-authors. He noted that 80% of patients with this kind of heart failure in the US have obesity or are characterized as overweight. Until recently, the main treatment options for people with this kind of heart failure were diuretics, sometimes called water pills, Kosiborod said. They’re also changing the way researchers think about obesity, and the results in heart failure contribute to that paradigm shift, Kosiborod said.

Persons: Mikhail Kosiborod, ” Kosiborod, Kosiborod, semaglutide, ”, “, Eli Lilly, Dr, Sanjay Gupta, They’re, “ It’s Organizations: CNN, drugmaker Novo Nordisk, New England, of Medicine, Saint, Kansas, European Society of Cardiology, Novo Nordisk, CNN Health Locations: Kansas, Kansas City, Amsterdam

Brent crude rose 15 cents, or 0.2%, to $83.36 a barrel, while U.S. West Texas Intermediate crude rose 16 cents, or 0.2%, to $79.05 a barrel. Prices traded lower for the majority of the session, before pushing higher in the last half hour of trading. Investor caution on the eve of his remarks lifted the safe-haven dollar, which makes oil more expensive for holders of other currencies, denting demand. Euro zone business activity also declined more than expected and Britain's economy looked set to shrink in the current quarter. On the supply side, Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister was quoted as saying by state media, even though U.S. sanctions remain in place.

Persons: Brent, Giovanni Staunovo, Jackson, Jerome Powell, Craig Erlam, Erlam, Shariq Khan, Ahmad Ghaddar, Mohi Narayan, Kim Coghill, David Evans, David Gregorio, Deepa Babington Organizations: cnsphoto, REUTERS, bbl, U.S, Fed, West Texas, UBS, U.S . Federal, Federal Reserve, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, Europe, New York, Amsterdam, Rotterdam, Antwerp, U.S ., Japan, Venezuela, American

☆ ETIAS and Europe's city taxes explained: When, who pays and how much?
▼ + stars: | 2023-08-24 | by ( Julia Buckley | Who Needs Etias Authorization | ) edition.cnn.com time to read: +8 min

The ETIAS visa waiver program will allow entry into EU countries from $7.70. And, of course, citizens of many countries need “real” visas to EU countries – which is not only a costly process, but a time-consuming one, too. ETIAS will join the myriad accommodation and “tourist taxes” that are already charged around Europe. What other tourist taxes are there in Europe? If your ship docks at Barcelona for 12 hours or more you’ll pay 4.75 euros (3 euros regional fee and 1.75 euros city surcharge).

Persons: ETIAS, you’re, They’re, Pretty, Armando Oliveira, iStockphoto, –, you’ll, Vila Real de Santo António, it’s, doesn’t Organizations: CNN, UAE, EU, United States ’, Manchester, Edinburgh, Vila Real de Santo Locations: Europe, United States, United Kingdom, Japan, Singapore, EU, Amsterdam, Wales, Barcelona, Italy, Portugal, Catalonia, Vienna, it’s, Algarve, Faro, Vila, Rome, Venice, Paris, France, Greece, Caribbean, New Zealand

☆ Sedentary time as a kid could mean heart problems as an adult, research shows
▼ + stars: | 2023-08-24 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

Childhood inactivity may be increasing risk for heart disease later in life, according to new research. The longitudinal study included 766 children and looked at data from ages 11 to 24, the research showed. More sedentary time was associated with increased left ventricle mass in the girls who were followed in the study, according to the new research. “Since it is rare for children to have heart attacks, left ventricular hypertrophy or enlarged heart has been employed as early signs of heart damage,” he said. “An example of such light physical activity is taking a long walk.”Children ages 6 to 17 need about an hour of physical activity a day, according to the US Centers for Disease Control and Prevention.

Persons: ”, Andrew Agbaje, ” Agbaje, Agbaje, Nieca Goldberg, University’s, Goldberg, Andrew Freeman, Freeman, “ Organizations: CNN, CNN’s, European Society of Cardiology’s ESC, University of Eastern Finland’s School of Medicine, University’s Grossman School of Medicine, Jewish Health, US Centers for Disease Control Locations: Amsterdam, York City, New, Denver

☆ Savers dash for Belgian bond aimed at pushing banks to raise deposit rates
▼ + stars: | 2023-08-24 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +2 min

Aug 25 (Reuters) - Belgium saw 4 billion euros of demand from savers for a new bond it launched on Thursday, its debt agency said, a strong start for the sale aimed at pressuring banks to raise their deposit rates. European lenders awash with cash have been resisting raising savings rates despite a surge in market interest rates as central banks fight inflation, prompting withdrawals by households looking for better returns elsewhere. "We want to boost competition and encourage banks to raise interest rates." On Thursday, the first day of the sale, savers bought 2.098 billion euros ($2.27 billion) of the bond, the debt agency said, followed by at least another 1.902 billion euros so far on Friday. But Jean Deboutte, director at Belgium's debt agency, noted some banks in Belgium had already raised their rates following plans for the new bond.

Persons: Jean Deboutte, Yoruk, Sudip Kar, Susan Fenton, Andrew Heavens Organizations: Yoruk Bahceli, Gupta, Thomson Locations: Belgium, Amsterdam, Brussels

REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG/AMSTERDAM, Aug 24 (Reuters) - Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big. "At this point there is confusion and, as long as there is confusion, then there's lack of credibility and that means investors are more likely to stay away," said Seema Shah, chief global strategist at Principal Global Investors in London. Prominent examples are heavy Chinese government spending during the 2008 Global Financial Crisis and its swift intervention during the 2015 market crash. But the subsidies need to come from local governments, many of which are cash-strapped or even drowning in debt and unable to pay their civil servants. The lack of concrete stimulus measures now is prompting many China watchers to downgrade their growth estimates for the next few years.

Persons: Aly, China's, Seema Shah, Chen Zhao, Zhao, hasn't, Frederik Ducrozet, Ducrozet, Principal's Shah, Yan Wang, Xi Jinping's, we’ve, Lorraine Tan, Dhara Ranasinghe, Davide Barbuscia, Yoruk, Xie Yu, Ankur Banerjee, Tom Westbrook, Li Gu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Global, Global Investors, policymaking Politburo, Pictet Wealth Management, Local, UBS Bank, Federated Hermes, Foreigners, Asia, Morningstar, Thomson Locations: Huangpu, Shanghai, China, HONG KONG, AMSTERDAM, London, Beijing, Japan, United States, New York, Amsterdam, Hong Kong, Singapore

☆ Tornado Cash founders charged with laundering more than $1 billion, including millions for North Korea
▼ + stars: | 2023-08-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Two founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with laundering more than $1 billion in criminal proceeds. Charges in the indictment include conspiring to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business. The third co-founder, Alexey Pertsev, who is not mentioned in this action, faces trial in Amsterdam over his involvement with Tornado Cash. Tornado Cash is used by some people as a legitimate way to protect their privacy in the still-nascent crypto market. Using a crypto mixing service like Tornado Cash masks those details by anonymizing the funds and concealing the identity of the buyer.

Persons: Roman, Semenov, Storm, James Smith, Alexey Pertsev, Roman Semenov, Damian Williams, Brian Klein, Waymaker, Klein, Lazarus Organizations: Tornado, Lazarus, Justice Department, CNBC, Tornado Cash, Storm, Federal Bureau of Investigation, Foreign Assets, Lazarus Group, U.S . Treasury, Treasury Department Locations: Russian, Korean, Washington, York, Amsterdam, U.S, Harmony

☆ J&J's Janssen to close part of its vaccine division -Telegraaf
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] The exterior of Johnson and Johnson's subsidiary Janssen Vaccines in Leiden, Netherlands, March 9, 2021. REUTERS/Piroschka van de Wouw Acquire Licensing RightsAMSTERDAM, Aug 23 (Reuters) - Johnson & Johnson's (JNJ.N) Janssen division, which helped to develop its single-dose COVID-19 vaccine, will close much of its vaccine research and development operations in the Netherlands, newspaper De Telegraaf reported. In an emailed response on Wednesday, Johnson & Johnson confirmed plans to exit some of its vaccine research and development programmes, which it said it had initially disclosed in its 2023 second-quarter results. De Telegraaf reported that 2,500 people worked at Janssen in the Netherlands, a quarter of which were in the section specialising in infectious diseases and vaccines. J&J's relatively large Dutch vaccine operation stems in part from its $2.1 billion acquisition in 2011 of vaccine maker Crucell.

Persons: Johnson, de Wouw, Janssen, De Telegraaf, J, Charlotte Van Campenhout, Toby Sterling, David Goodman, David Evans Organizations: Janssen Vaccines, REUTERS, Rights, Thomson Locations: Leiden, Netherlands

☆ Formula One statistics for the Dutch Grand Prix
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +3 min

Formula One F1 - Dutch Grand Prix - Circuit Zandvoort, Zandvoort, Netherlands - September 4, 2022 Red Bull's Max Verstappen and Mercedes' Lewis Hamilton in action during the race REUTERS/Yves Herman/File Photo Acquire Licensing RightsAug 23 (Reuters) - Formula One statistics for Sunday's Dutch Grand Prix at Zandvoort, the 13th race of the 22-round season. Total distance: 306.587km (72 laps)2022 pole position: Max Verstappen (Netherlands) Red Bull one minute 10.342 seconds. Verstappen won in 2021 and 2022, both times from pole position, making him the only current driver on the grid to have won the Dutch Grand Prix. Aston Martin's Fernando Alonso has 32 wins, most recently in his home Spanish Grand Prix in 2013 with Ferrari, from a record 367 starts. PODIUMSix teams and eight drivers have made a podium appearance this season: Red Bull, Alpine, Aston Martin, McLaren, Mercedes and Ferrari.

Persons: Max Verstappen, Mercedes, Lewis Hamilton, Yves Herman, Red Bull, Verstappen, Sebastian Vettel, Alain Prost, Perez, Abu Dhabi, Hamilton, Aston Martin's Fernando Alonso, Bull, Charles Leclerc, Aston Martin, McLaren, Michael Schumacher, Romeo's, Zhou, George Russell, Alan Baldwin, Pritha Sarkar Organizations: Prix, Zandvoort, Indianapolis Motor Speedway, Monaco, Verstappen, Spanish, Ferrari, Aston, Thomson Locations: Zandvoort, Netherlands, Britain, NETHERLANDS, Amsterdam, Abu, Saudi Arabia, Hungary, Azerbaijan, Belgium, Hamilton

☆ Europe's Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here's what's going on
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesSpirits were high when Dutch payments firm Adyen floated on the Amsterdam Stock Exchange in 2018. The company was riding a wave of growth in Europe's technology sector and snapping up competition from its mega U.S. rival PayPal. Since then, the company has weathered a turbulent ride, including a global pandemic that knocked volumes from travel clients significantly. Company shares plummeted 39% on Thursday, erasing 18 billion euros ($39 billion) from Adyen's market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. Adyen has typically been viewed as a growth stock, after consistently reporting revenue growth of 26% each half-year period since its 2018 stock market debut.

Persons: Pavlo Gonchar, Adyen, Pieter van der, Arnout Schuijff, Ethan Tandowsky, CNBC's, Tandowsky, EBITDA, Simon Taylor, Taylor Organizations: Amsterdam Stock Exchange, PayPal, Company, CNBC, Netflix, Meta, Spotify, Enterprise, Financial Locations: North America

☆ Ukrainian pilots are finally learning to use F-16s, and NATO training plans have said they could be taught to fly other fighter jets too
▼ + stars: | 2023-08-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

NATO and European countries have started training Ukrainians on advanced F-16 fighter jets. The months-long program intends to cover language training, flight training, and conversion to the F-16 platform, according to an undated copy of the F-16 training concept that Insider obtained from the Danish defense ministry. The document also hints that Ukraine might get its hands on other fighter jets at some point. It's not immediately clear which fighter aircraft the statement is referencing, but one aircraft that the Ukrainians have been eyeing is Sweden's JAS 39 Gripen. However, the jet is operated by just six countries — only two of which support Ukraine with military aid (Sweden and the Czech Republic) — and has not yet seen combat experience.

Persons: Netherlands —, It's, JAS, Saab JAS, Matthew Horwood, Volodymyr Zelenskyy, Zelenskyy, Petr Josek PJ, AA Zelenskyy Organizations: Service, Kyiv, NATO, Saab, RAF Fairford, Royal Military Air, Getty, Gripen, REUTERS, AA, Pentagon Locations: Wall, Silicon, Kyiv, Denmark, Netherlands, Copenhagen, Amsterdam, Ukraine, Ukrainian, Sweden, Czech Republic, NATO, Stockholm, Belgium, Canada, Luxembourg, Norway, Poland, Portugal, Romania, United Kingdom, Prague, Europe

☆ Take Five: Summer at Jackson Hole
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Jason Reed Acquire Licensing RightsLONDON, Aug 16 (Reuters) - It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. U.S. Federal Reserve officials (plus friends from the ECB, BoE and BOJ) descend on Jackson Hole, Wyoming on Aug. 24-26 for their annual central bank confab. Inflation remains sticky in places and investors want to know how long it will take for central banks to switch to easing. European PMIs could provide a bigger signal on whether the European Central Bank will hike again in September and if the Bank of England opts for a big rate increase. Turkey's central bank is poised to raise rates on Thursday for the third time in a row since Hafize Gaye Erkan was appointed as governor in early June.

Persons: Jason Reed, Ira Iosebashvili, Li Gu, Yoruk, Rosario, Marc Jones, Rachel Savage, BoE, Jackson, Vladimir Putin, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Dhara Ranasinghe, Stephen Coates Organizations: U.S . Federal, REUTERS, U.S . Federal Reserve, ECB, Nvidia, CARE, HK, China, European Central Bank, Bank of England, West, Reuters, Thomson Locations: Washington, U.S, Jackson Hole , Wyoming, China, Ira, New York, Shanghai, Amsterdam, Jorgelina, London, Johannesburg, confab, CHINA, Beijing, United States, European, Brazil, Russia, India, South Africa, Saudi Arabia, Argentina, Egypt, Turkey

At current prices shares are now down about 16% in the year to date, surrendering gains up to Wednesday's close. Earnings before interest, tax, depreciation and amortisation (EBITDA) were 320 million euros ($348 million), down 10% from a year earlier and below analyst forecasts of 386 million euros, Refinitiv data showed. Revenue rose 21% to 739 million euros, against Adyen's mid-term forecasts of more than 25% growth. He said the economy overall is slowing and online payments growth may not be quite as fast as it was in the pre-COVID era. A similar margin decline led to a sell-off in Adyen shares when the company reported full-year earnings in February.

Persons: Eva Plevier, Hannes Leitner, Adyen, Toby Sterling, Sinead Cruise, David Goodman, Barbara Lewis, Jane Merriman Organizations: REUTERS, Company, Netflix, Microsoft, Spotify, JPMorgan, Revenue, Adyen's, PayPal, Jefferies, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM, North America, Stripe, Braintree, Fiserv

AMSTERDAM, Aug 17 (Reuters) - Investment company Exor (EXOR.AS) was able to build a 15% stake in Dutch healthcare group Philips (PHG.AS) without triggering the usual disclosures thanks to derivatives deals through Goldman Sachs, regulatory filings show. Exor's investment was seen as a vote of confidence in Philips and boosted the Dutch company's shares. Filings by the Dutch Financial Market Authority AFM dated Aug. 14 but published late on Wednesday showed Goldman Sachs had taken an 12.11% stake in Philips using a derivatives structure that included 95 million call options. Sources confirmed to Reuters earlier this week that Goldman Sachs acted on behalf of Exor but could not give more details. Exor and Goldman Sachs (GS.N) declined to comment.

Persons: Goldman Sachs, Italy's Agnelli, Roy Jakobs, Exor, Allen, Overy, De Brauw, Philips, Toby Sterling, Pablo Mayo Cerqueiro, Andres Gonzalez, Valentina Za, Victoria Farr, Jane Merriman Organizations: Investment, Philips, Dutch, US Securities and Exchange, Reuters, Overy, Thomson Locations: Philips, Dutch

☆ Mild recession ends Dutch economy's strong post-COVID boom
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

People walk past restaurants and bars following the new social restrictions announced by the Dutch government, as the Netherlands battle to control the spread of the coronavirus disease (COVID-19), in Amsterdam, Netherlands October 14 2020. Growth is set to drop to 0.7% in 2023 and 1.4% in 2024, the CPB said, after hitting almost 5% per year in 2021 and 2022 during a strong recovery from the pandemic lockdowns. The CPB in March had predicted an expansion of 1.6% in 2023 and 1.4% the year after. With unchanged policies the government deficit is seen rising from 2.4% of gross domestic product (GDP) to almost 4% by 2028. Reporting by Bart Meijer; Editing by Jacqueline Wong and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: de, Bart Meijer, Jacqueline Wong, Toby Chopra Organizations: REUTERS, Rights, Thomson Locations: Netherlands, Amsterdam

☆ Payments company Adyen's shares drop more than 20% after earnings miss
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

Earnings before interest, tax, depreciation and amortisation (EBITDA) were 320 million euros ($348 million), down 10% from a year earlier and below analyst forecasts of 386 million euros, Refinitiv data shows. Revenue rose 21% to 739 million euros, against Adyen's mid-term forecasts of more than 25% growth. Adyen's EBITDA margin fell to 43% from 59%, which the company said was mostly because of higher wage costs as it takes on more staff. A similar margin decline led to a sell-off in Adyen shares when the company reported full-year earnings in February. Adyen maintained its medium-term targets for revenue growth above 25% and an improving EBITDA margin that it expects to reach 65% in the long term.

Persons: Eva Plevier, Adyen, Toby Sterling, David Goodman, Barbara Lewis, Jane Merriman Organizations: REUTERS, Rights, Netflix, Microsoft, Spotify, JPMorgan, Revenue, Adyen's, North, PayPal, Thomson Locations: Amsterdam, Netherlands, North America, United States

☆ McLaren Applied's Lavoie in talks to buy Dutch e-bike maker VanMoof - source
▼ + stars: | 2023-08-17 | by ( Nick Carey Tosterling | Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Piroschka van de Wouw Acquire Licensing RightsLONDON, Aug 18 (Reuters) - Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, is in advanced talks to buy bankrupt Dutch e-bike maker VanMoof, according to a source familiar with the negotiations. The source said talks are at "quite an advanced stage" and would involve Lavoie taking over "as much as possible" of VanMoof's operations. The company had raised more than $180 million from investors including private equity firm Hillhouse, Silicon Valley venture capital fund Norwest Venture Partners and venture firm Felix Capital. According to another source familiar with the matter, McLaren Applied is one of two suitors remaining for VanMoof. Bought from McLaren by private equity firm Greybull Capital in 2021, McLaren Applied recently launched the premium Lavoie e-scooter brand.

Persons: de Wouw, Lavoie, VanMoof, Felix Capital, Jan Padberg, Nick Carey, Frances Kerry Organizations: REUTERS, Formula, McLaren, Reuters, Norwest Venture Partners, Nasdaq, Capital, Thomson Locations: Amsterdam, Netherlands, Silicon Valley

☆ Scientists unlock mysteries of magnetars, the most magnetic objects in the universe
▼ + stars: | 2023-08-17 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

But it could be explained by magnetic fields — fields that were, in fact, found to be so strong that it was determined to be the most magnetic massive star ever recorded. It even gave rise to a new definition: a “massive magnetic helium star.”Now, scientists suspect that one day, the star will collapse in a supernova explosion. But it’s a massive step forward in unlocking the mysteries of magnetars, which have confounded scientists for decades. The mysteries of a magnetic starThe massive magnetic helium star at the heart of the study is part of a two-star system called HD 45166. Scientists already knew that about 10% of neutron stars are also magnetars.

Persons: CNN —, ”, Tomer Shenar, “, ” Shenar, Julia Bodensteiner, “ It’s, gauss, —, ” Dr, Harsha Blumer, It’s, can’t, Shenar, there’s, that’s, you’d Organizations: CNN, Science, University of Amsterdam, West Virginia University Locations: Netherlands, Canada, France, Hawaii

The Adyen share plunge "was because expectations were much higher. Analysts believed that Adyen would take significantly more share in this difficult market environment," said Jefferies equity analyst Hannes Leitner. Was the share price reaction justified? One European equities trader, who asked not to be named, noted there were orders to sell Adyen shares at any price and referred to "apocalypse selling." According to data from Refinitiv, 17 analysts rated Adyen "buy", 12 "hold", and 4 "sell" before the earnings announcement.

Persons: Eva Plevier, Jefferies, Hannes Leitner, Refinitiv, Adyen, Worldline, Italy's, Marco Simion, Pieter van der, ”, Samuel Indyk, Elizabeth Howcroft, Danilo Masoni, Toby Sterling, Dhara, Alun John, Cynthia Osterman Organizations: REUTERS, Analysts, Citigroup, UBS, KPMG, Privately, Thomson Locations: Amsterdam, Netherlands, MILAN, North America, Swiss, Adyen, EMEA, Refinitiv, London, Milan

☆ Arsenal defender Timber sidelined with ACL injury, set to undergo surgery
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Premier League - Arsenal v Nottingham Forest - Emirates Stadium, London, Britain - August 12, 2023 Arsenal's Jurrien Timber is substituted off after sustaining an injury Action Images via Reuters/John Sibley/File Photo Acquire Licensing RightsAug 16 (Reuters) - Arsenal's new signing Jurrien Timber will be sidelined due to a knee injury, the Premier League club said on Wednesday, with the Dutch international set to undergo surgery. "We can confirm that Jurrien Timber has sustained an injury to his anterior cruciate ligament in his right knee," Arsenal said in a statement. "Jurrien will undergo surgery in the coming days and will be out of action for a period of time. Arsenal next travel to face Crystal Palace on Monday. ($1 = 0.9158 euros)Reporting by Aadi Nair in Bengaluru, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: John Sibley, hobbled, Crystal, Aadi Nair, Pritha Sarkar Organizations: Soccer Football, Premier League, Arsenal, Nottingham Forest, Emirates, Dutch, Ajax Amsterdam, Thomson Locations: London, Britain, Bengaluru

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