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☆ Europe was on the brink of a night train revolution. Here’s what actually happened
▼ + stars: | 2024-08-09 | by ( Ben Jones | ) edition.cnn.com time to read: +11 min

Prior to the company’s demise, it had looked like Europe was poised for something of a night train revolution. Despite this demand, the hurdles for startups like Midnight Train trying to enter the market to meet it remain virtually insurmountable. Formidable obstaclesEuropean Sleeper is one of the few new night train operators to begin services, but the company has struggled to find rolling stock. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. With the honorable exception of Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Adrien Aumont, Eva Plevier, Alex Halada, –, ÖBB, Nick Brooks, ”, “, Bart Biesemans, ” Brooks, Mark Smith, Robert Nemeti Organizations: CNN, Trains, Midnight Trains, Regiojet, Compagnie Internationale des, Orient Express, Getty, Austrian Federal Railways, Reuters, Barcelona, European Union, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Formidable, EU Locations: Europe, Stockholm, Denmark, Germany, Czech, Czechia, Slovakia, Ukraine, Prague, Croatia’s, Brussels, Amsterdam, Berlin, –, France, Barcelona, AFP, Spanish, Paris, Milan, Venice, Florence, Rome, Hamburg, Copenhagen, Madrid, Porto, Edinburgh, Anadolu, Vienna, Austria, Italy, Hungary, Poland, Belgium, Netherlands, Sweden, Sicily, Messina, Europe’s

☆ US FDA flags new problem with Philips machines, shares fall
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. The new issue identified by the FDA involves a humidifier used in the "DreamStation 2" sleep therapy device. "Philips Respironics is in discussions with the (FDA) regarding the reports," it said. Philips shares were down 6.7% at 18.26 euros by 0833 GMT. The FDA said it had received reports of people facing thermal issues such as fire, smoke, burns, and other signs of overheating while using Philips' DreamStation 2 CPAP machines.

Persons: Eva Plevier, Philips, Toby Sterling, Christy Santhosh, Diana Alvarez, Shailesh Kuber, Jan Harvey Organizations: Philips, REUTERS, U.S . Food, Drug Administration, FDA, ING, Thomson Locations: Dutch, Amsterdam, Netherlands, U.S, Bengaluru, Gdansk

☆ Dutch far-right candidate Baudet assaulted two days before election
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Dutch politician Thierry Baudet of the Forum for Democracy speaks after announcement of exit polls results of European elections in Amsterdam, Netherlands, May 23, 2019. REUTERS/Eva Plevier/File Photo Acquire Licensing RightsAMSTERDAM, Nov 20 (Reuters) - Thierry Baudet, the leader of a far-right political party in the Netherlands, was assaulted during a campaign event two days before a national election, his party said. In a statement, Baudet's Forum for Democracy (FvD) said he had been struck in the back of the head with a beer bottle and struck on his temple. The assault drew condemnation as "totally unacceptable" from outgoing Prime Minister Mark Rutte, who is not a candidate in the Nov. 22 election. Baudet's FvD Party is known as Euro-sceptic, Dutch nationalist and anti-immigration.

Persons: Thierry Baudet, Eva Plevier, Baudet, Mark Rutte, Baudet's, Toby Sterling, Chizu Organizations: Forum, Democracy, REUTERS, Rights, for Democracy, Baudet's FvD, Dutch, Thomson Locations: Amsterdam, Netherlands, Groningen

☆ Adyen lowers mid-term sales target, aims to slow hiring
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands August 24, 2018. "Overall targets are lowered from previous targets and while likely more realistic, they still look ambitious," Jefferies analysts said in a note. Adyen added it would aim to improve its core profit (EBITDA) margin to above 50% in 2026. This year so far, Adyen has lost about half its market value which currently stands at 21.58 billion euros. It said it would slow down hiring, and that it hired 175 full-time employees over the quarter, which was "substantially below" Jefferies' expectations.

Persons: Eva Plevier, Adyen, France's, Jefferies, Olivier Sorgho, Piotr Lipinski, Elaine Hardcastle, Josie Kao Organizations: REUTERS, Netflix, Spotify, Jefferies, New, Thomson Locations: Amsterdam, Netherlands, New York, U.S

☆ 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

☆ Grocers learn lessons of ‘greedflation’ drama: podcast
▼ + stars: | 2023-09-12 | by ( Aimee Donnellan | ) www.reuters.com time to read: +1 min

A customer is seen inside an Albert Heijn shop, operated by Ahold Delhaize, the Dutch-Belgian supermarket operator, in Eindhoven, Netherlands, January 23, 2019. In this Exchange podcast, Ahold Delhaize CEO Frans Muller explains why demand for own-brand goods gives the Dutch group an upper hand in supplier negotiations. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Albert Heijn, Ahold Delhaize, Eva Plevier, Ahold, Frans Muller, Oliver Taslic Organizations: REUTERS, Reuters, Thomson Locations: Dutch, Belgian, Eindhoven, Netherlands

☆ Dutch company Philips reaches U.S. settlement over respirators
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo Acquire Licensing RightsCompanies Koninklijke Philips NV FollowPARIS, Sept 7 (Reuters) - Philips (PHG.AS) and some of its local units reached an agreement to resolve all economic loss claims in a US litigation related to the recall of certain sleep and respiratory care devices, the Dutch company announced on Thursday. The agreement includes cash awards to participants of the lawsuit depending on the type of device. Philips Respironics has recorded a provision for an amount of 575 million euros ($615.48 million) in the first quarter of 2023 to cover the estimated costs of the final settlement, it said in a statement. ($1 = 0.9342 euros)Reporting by Tassilo Hummel; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Eva Plevier, Philips Respironics, Tassilo Hummel, Sudip Kar Organizations: Philips, REUTERS, Koninklijke Philips NV, Gupta, Thomson Locations: Amsterdam, Netherlands, Dutch

☆ Verstappen 'simply untouchable' as he heads for record win
▼ + stars: | 2023-08-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

"I think you need to enter in a mood, in a state that you are connected with a car. "I think Max is achieving that 100% more often than us at the moment, than any of the drivers, so that's why he's dominating." RECORD 10THHe can take his record 10th win in a row at Italy's Monza next weekend. Perez is a six-times grand prix winner, twice this season, and was challenging Verstappen until May when it all fell apart. "I think Max is in a period of his career where he's just simply untouchable and I don't think there's any driver on the grid that would be able to achieve what he's been doing in that car.

Persons: Max Verstappen, Eva Plevier, Bull, Christian Horner, Fernando Alonso, Max, Alonso, Verstappen, Abu, ender, Red Bull, Mexican Sergio Perez, Perez, Horner, he's, Bart H, Meijer, Ed Osmond Organizations: Zandvoort, Aston Martin, Ferrari, Italy's Monza, Thomson Locations: Zandvoort, Netherlands, Spa, Austria, Abu Dhabi, Mexican

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

☆ 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

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

☆ Analysis: Dutch pension fund reform spells investment rethink
▼ + stars: | 2023-06-30 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

The idea is that pension funds will allocate more risk to younger cohorts and less to those nearer retirement. The new rules also mean pension funds can be less strict in protecting against swings in interest rates and exchange rates using derivatives like swaps. Commerzbank expects a "seismic" change to the market, where Dutch pension funds are key players. Pension funds are surveying their members to understand how much risk different age groups are willing to take. Ultimately, interest rates determine how much risk pension funds need to take to generate future payments.

Persons: Eva Plevier, Wim Barentsen, Frank Vinke, Vinke, Jaap Teerhuis, Commerzbank, Onno Steenbeek, PGGM's Vinke, Achmea's, Gerard Moerman, Yoruk Bahceli, Dhara Ranasinghe, Catherine Evans Organizations: REUTERS, ABN AMRO, European, Achmea Investment Management, European Central Bank, Asset Management, Reuters Graphics, Aegon Asset Management, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM

☆ Royal Philips to Pay $62 Million to Settle China Bribery Probe
▼ + stars: | 2023-05-17 | by ( Dylan Tokar | ) www.wsj.com time to read: 1 min

Philips agreed to settle without admitting or denying the SEC’s findings. Photo: Eva Plevier/REUTERSRoyal Philips , a Dutch medical supply company, has agreed to pay $62 million to resolve claims by regulators that it violated a U.S. antibribery law by improperly manipulating Chinese procurement processes and influencing public officials at Chinese state-run hospitals. The Amsterdam-based company’s conduct in China violated the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission said Thursday. The regulator said Philips had agreed to settle its claims without admitting to or denying the findings from its investigation.

☆ U.S., European Police Shut Down Hacker Marketplace, Make 119 Arrests
▼ + stars: | 2023-04-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +4 min

The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.

The possible investments are part of a wider, long-term strategy to reduce exposure to China, two people familiar with the plan told Reuters. ASML's lithography systems can cost up to 160 million euros ($170 million) each and are used to create the circuitry of computer chips. The Dutch government on Wednesday announced new restrictionson exports impacting ASML's second-best range of chip-printing tools, which could lead to Chinese retaliation. Among the companies on the mission is Neways, which helps ASML develop electrical control units, power controls and wiring systems for lithography systems, according to the company's website. ASML supplier NTS Group, which is a provider of precision mechanics tools, is another company that will join the business trip, Brainport said.

☆ Dutch defence ministry advised against ASML exports to China in 2020 -FD
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eva Plevier/File PhotoAMSTERDAM, Jan 20 (Reuters) - The Netherlands' defence ministry advised the government in 2020 not to allow semiconductor equipment supplier ASML Holding NV (ASML.AS) to export any of its most modern machines to China, Dutch newspaper Het Financieele Dagblad reported on Friday. The advice has been heeded, as ASML has not shipped EUV technology to Chinese customers. The publication comes as the Dutch government is weighing additional restrictions on ASML's exports of older equipment to China. Prime Minister Mark Rutte said on Jan. 17 he expected a "good outcome" to discussions with the United States on the matter after meeting with President Joe Biden in Washington. "In addition our most important strategic security partner, the United States, has made an urgent appeal to the Netherlands not to export the EUV technology to China."

REUTERS/Eva Plevier/File PhotoWINNIPEG, Manitoba, Jan 11 (Reuters) - Netherlands-based Rabobank NA (RABOVR.UL) is aiming to grab 10-15% of the Canadian farm lending market within 15 years, as it aims to shake up a sector dominated by government and domestic banks, its new Canadian agricultural head told Reuters on Wednesday. It took Rabobank a decade before deciding to expand into Canadian farm lending, taking a methodical approach, Lieverse said. Rabobank expects Canadian farm lending to be profitable from the start and plans to announce hiring plans shortly, she said. Rabobank did not release its estimate of the value of the Canadian farm lending market, but government agency Statistics Canada pegged 2021 farm debt at a record-high C$129 billion ($96.1 billion), with chartered banks accounting for 37%. Farm Credit Canada, owned by the Canadian government, is the biggest agricultural lender, controlling a market share of about one-third, Lieverse said.

☆ Philips says tests on recalled products show limited health risks
▼ + stars: | 2022-12-21 | by ( Bart H. Meijer | ) www.reuters.com time to read: +3 min

[1/2] Logo of Dutch technology company Philips is seen at its company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File PhotoSummarySummary Companies Philips: Tests show DreamStation devices unlikely to cause harmFoam degradation more likely if unauthorised cleaners usedShares up 3.5%, after recall wiped 70% off market valueAMSTERDAM, Dec 21 (Reuters) - Dutch health technology company Philips (PHG.AS) said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks. Philips had already said earlier this year that tests indicated foam degradation was very rare and was linked to the use of unauthorised ozone-based cleaning products. It said further tests now showed machines cleaned with those products were 14 times more likely to have significant visible foam degradation than those treated with authorised products. The U.S. Food and Drug Administration (FDA) is still considering the results and "may reach different conclusions", Philips said.

☆ Dutch chip equipment maker ASML's CEO questions U.S. export rules on China -newspaper
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +2 min

"Maybe they think we should come across the table, but ASML has already sacrificed," CEO Peter Wennink said in an interview with newspaper NRC Handelsblad. He said that while 15% of ASML's sales are in China, at U.S. chip equipment suppliers "it is 25 or sometimes more than 30%". Washington is urging the Netherlands, Japan and other unspecified countries with companies that make cutting edge manufacturing equipment to adopt similar rules. Wennink said it seemed contradictory that U.S. chip manufacturers are able to sell their most advanced chips to Chinese customers, while ASML is only able to sell older chipmaking equipment. (Yet) the technology used to make such chips can still be sold to China," he added.

☆ Europol data practices target of EU privacy watchdog lawsuit
▼ + stars: | 2022-09-22 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Eva PlevierBRUSSELS, Sept 22 (Reuters) - EU data protection watchdog EDPS has asked Europe's top court to scrap amended rules allowing Europol to retroactively legalise its processing of personal data of people with no links to criminal activity, saying the rules undermine its authority. EDPS (European Data Protection Supervisor), which ensures that EU institutions and bodies comply with the bloc's privacy rules, took its grievance to the Luxembourg-based Court of Justice of the European Union (CJEU) on Sept. 16. At issue are two amendments to rules governing Europol agreed by EU countries and EU lawmakers which came into force on June 28. EDPS' request to the CJEU is "to make sure that the EU legislator cannot unduly 'move the goalposts' in the area of privacy and data protection," EDPS head Wojciech Wiewiorowski said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

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