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☆ 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

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

☆ 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

☆ Byju’s blowup makes its investors look bad
▼ + stars: | 2023-08-07 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

REUTERS/Adnan Abidi/File Photo/File PhotoBENGALURU, Aug 7 (Reuters Breakingviews) - Byju’s says it provides learning programs to over 150 million students. The biggest lesson may be for the Indian education giant’s global investors including Prosus (PRX.AS) and Peak XV, formerly part of Sequoia, who watched founder power run amok in a country they have pinned high hopes on. But so long as the blowup at the hot startup once valued at $22 billion goes from bad to worse, its backers will struggle to create enough distance. For early supporter Peak XV Partners, the mess comes at a sensitive time, hot on the heels of announcing a separation from its U.S. parent. Representatives of the Amsterdam-listed investor and Peak XV Partners, formerly Sequoia’s India unit, both quit Byju’s board in June.

Persons: Adnan Abidi, Byju Raveendran, Davidson, Byju’s, Reuters Breakingviews, Prosus, Una Galani, Thomas Shum Organizations: REUTERS, Reuters, Bloomberg, XV Partners, HK, Thomson Locations: New Delhi, India, BENGALURU, Sequoia, U.S, Byju’s, Amsterdam, China, Delaware

Meanwhile, the black market for smuggled subsidised Nigerian fuel in Togo and neighbouring Benin and Cameroon has collapsed, further reducing demand for shipments via Nigeria. Average monthly West African (WAF) gasoline imports fell by 56% in the second quarter compared with the first, according to Refinitiv Eikon data. "The key point is demand from West Africa is drying up," said Refinitiv Lead Oil Analyst Raj Rajendran. There may simply be a baseline decrease in demand," said Sparta Commodities gasoline market analyst Philip Jones-Lux. The challenge is coming from the new refineries in the Middle East that are expanding from their traditional East Africa market to now include West Africa and beyond even to the Americas," Rajendran said.

Persons: Bola Tinubu, Jeremy Parker, Raj, naira, Philip Jones, Jones, Lux, Rajendran, Shadia, Barbara Lewis Organizations: Nigeria's, West, ARA, Reuters Graphics, Sparta Commodities, Thomson Locations: Africa, Nigeria, North America, West Africa, Europe, United States, Asia, Ukraine, Togo, Benin, Cameroon, Amsterdam, Rotterdam, Antwerp, Sparta, Mideast, Russia, European, East Africa

SummaryCompanies Order intake down 8% in April-June periodQ2 EBITA 453 mln eur vs forecast 394 mln2023 EBITA margin now seen at upper end of provided rangeShares fall 5%July 24 (Reuters) - Health technology group Philips (PHG.AS) posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its shares down 5% from a recent 12-month high. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, said order intake had decreased 8% in the April-June period, the fourth quarterly fall in a row. Philips generates 15% of group sales in the People's Republic. New licensing requirements for its healthcare products in Russia were responsible for half the quarterly order decline, Jakobs said. ($1 = 0.8992 euros)Reporting by Diana Mandiá; Editing by Kirsten Donovan and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Roy Jakobs, Jakobs, Philips, Abhijit Bhattacharya, Diana Mandiá, Kirsten Donovan, David Holmes Organizations: Health, Philips, European Union, ING, Thomson Locations: Amsterdam, United States, China, East, Turkey, Latin America, People's Republic, Russia, Ukraine

☆ A Lebanese Feast at a Traditional Dutch Canal House
▼ + stars: | 2023-07-24 | by ( Ellie Pithers | ) www.nytimes.com time to read: +2 min

Hospitality comes naturally to the Lebanese Dutch creative strategist Carmen Atiyah de Baets. While her professional background is in fashion, she has an instinct for organizing generous, family-style gatherings that she honed during trips to Beirut with her Lebanese mother. “Lebanon is a place of contrasts,” says Atiyah de Baets, who was raised in the Netherlands and has a degree in Middle Eastern studies from SOAS University of London. - Three Easy Summer Dishes: The French chef Yann Nury elevates classic seasonal recipes with fresh flavor combinations and a few luxurious additions. - A Lebanese Feast in Amsterdam: In a traditional Dutch canal house, a creative strategist organizes a dinner party to introduce a new collection inspired by her mother’s homeland.

Persons: Carmen Atiyah de, ”, Atiyah, Baets, Yann Nury, Atiyah de Baets, Gilles Khoury, Joris ter Meulen Swijtink, Carmen, Carmen Kitchen, Ter, —, John Organizations: SOAS University of London, “, Credit, London’s Locations: Lebanese Dutch, Beirut, “ Lebanon, Netherlands, Ibiza, Long, French, Amsterdam, Lebanon, London’s St

☆ Philips slightly raises 2023 outlook after second-quarter core profit beat
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: +2 min

(Photo by Beata Zawrzel/NurPhoto via Getty Images)Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expected jump in second-quarter core earnings thanks to better supply chains, a strong order book and efficiency measures. For the full year, it now expects a mid-single-digit comparable sales growth versus its previous guidance of a low-single-digit growth. Its adjusted EBITA margin is now seen at the upper end of its previously forecasted high-single-digit range. Philips, which is facing lawsuits over its recall of respiratory devices, said it had produced approximately 99% of the new replacement respiratory devices and repair kits required for the remediation of the registered affected devices. "Completing the Philips Respironics field action remains our highest priority.

Persons: Beata Zawrzel, Roy Jakobs Organizations: Philips, Getty Images, U.S . Department of Justice Locations: Warsaw, Poland, Amsterdam

☆ Amsterdam banning cruise ships kills 2 birds with one stone: rampant tourism and environmental damage. It's just the latest place to do it, and probably won't be the last.
▼ + stars: | 2023-07-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Amsterdam, Venice, and French Polynesia are among the places that have banned cruise ships. Banning cruise ships addresses two major problems that tourism destinations around the world are struggling to contain: hoards of people and environmental destruction. The Amsterdam City Council passed a measure Thursday that will ban cruise ships from docking in the Dutch capital. French Polynesia also banned mega cruise ships last year, citing concerns about the burden on local infrastructure and ecosystem conservation. So whether they are full bans or just limits, the cruise industry is likely to face more restrictions at the local levels in the future.

Organizations: Amsterdam City, Officials, Cruises, Hakai Magazine Locations: Amsterdam, Venice, Polynesia, Barcelona, city's, Santorini, Alaska, Juneau

☆ Dutch SPAC in advanced talks to acquire electric vehicle group
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 20 (Reuters) - SPEAR Investments I (SPR1.AS), a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday. The deal will see QEV Technologies, which recently won a tender to operate a former Nissan manufacturing facility in Barcelona, merge into SPEAR Investments I and trade on the Amsterdam bourse. SPEAR Investment I, backed by corporate finance houses STJ Advisors and AZ Capital, listed in Amsterdam in late 2021. The planned merger will see QEV Technologies' existing shareholder Inveready make a further investment in the company alongside new investors to help support its growth. ($1 = 0.8929 euros)Reporting by Pablo Mayo Cerqueiro in London; editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pablo Mayo, Alexandra Hudson Organizations: Investments, AS, QEV Technologies, QEV, Nissan, Amsterdam bourse, STJ Advisors, AZ Capital, El, Pablo Mayo Cerqueiro, Alexandra Hudson Our, Thomson Locations: Spanish, Barcelona, Amsterdam, London

☆ Dutch e-bike maker VanMoof bankrupt, administrators may sell assets
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 18 (Reuters) - Dutch e-bike maker VanMoof has been declared bankrupt and curators are researching whether it can sell assets and restructure, the company said on Tuesday. VanMoof, which raised 100 million euros ($112.56 million) to expand internationally as sales boomed during the COVID-19 pandemic, had filed for protection from creditors last week. The company said in a statement that a judge at the Amsterdam District Court had declared Dutch entities VanMoof Global Holding BV, VanMoof BV and Van Moof Global Support BV bankrupt on July 17. VanMoof bikes feature a sleek, simplistic design with the battery built into the frame, and have become commonplace on the streets of Amsterdam, where the company was founded in 2009. ($1 = 0.8890 euros)Reporting by Toby Sterling; Editing by Muralikumar Anantharaman and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Van Moof, Toby Sterling, Muralikumar Anantharaman, Louise Heavens Organizations: VanMoof, Van, NOS, Thomson Locations: AMSTERDAM, Amsterdam, VanMoof, Dutch

☆ Rembrandts of 'extraordinary rarity' could fetch $10 million at auction
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 30 (Reuters) - Two rediscovered Rembrandts, the last known pair of portraits by the Dutch master to have remained in private hands, could fetch around $10 million at auction next week. Signed and dated 1635, the depictions of married couple Jan Willemsz van der Pluym and Jaapgen Carels, who were close to the artist's family, have a price estimate of 5 million - 8 million pounds ($6.35 million - $10.16 million). "They are things of extraordinary rarity,” he said, adding the Amsterdam-based Rijksmuseum had analysed them. The portraits are among the highlights of Christie's July 6 "Old Masters Part I Sale", part of the auction house's Classic Week. Also on offer is a panel by Greek-born Spanish Renaissance painter El Greco, "The Entombment of Christ" (6 million - 8 million pounds) and a bust of Helen of Troy by neoclassical sculptor Antonio Canova (2.5 million - 4 million pounds).

Persons: Jan Willemsz van der, Jaapgen Carels, “, they’ve, Henry Pettifer, ”, El Greco, Helen of Troy, Antonio Canova, Fra Angelico, Saint John the, Magdalen, Queen Charlotte, King George III's, Marie, Louise Gumuchian, Barbara Lewis Organizations: Christie’s, International, Reuters, Virgin, Saint John the Baptist, Thomson Locations: Amsterdam, Spanish, Bayreuth

☆ Telecoms firm Veon to invest $600 mln in mobile unit Kyivstar
▼ + stars: | 2023-06-21 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

LONDON, June 21 (Reuters) - Telecoms company Veon (VON.AS) said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the war-ravaged country's largest mobile network. The Amsterdam-listed company said the funds would help upgrade the mobile operator's infrastructure, including improving connectivity and 4G services throughout Ukraine. The country has seen much of its mobile infrastructure hit by Russian rocket attacks. Kyivstar's technical teams have performed nearly 150,000 repairs since Russia invaded last year, Veon said, adding it ensured that 93% of the network is operational. Kyivstar has lost around 7% of its active customer base - or roughly 1.7 million subscribers - since the war started last February.

Persons: Veon, Oleksandr Komarov, Kyivstar, Komarov, Aleksander Torbakhov, Olivier Sorgho, Clarence Fernandez, Sherry Jacob, Phillips, Sharon Singleton Organizations: Reuters, Thomson Locations: Amsterdam, Ukraine, Russian, Russia, London

☆ Cocoa prices are soaring. Here’s what that means for your chocolate
▼ + stars: | 2023-06-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —If you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher. Because of that, there is an “outsize impact of the region’s weather patterns on world cocoa prices and supplies,” according to Gro Intelligence’s post. Tony's Chocolonely welcomes higher cocoa prices. Petra Figueroa/SOPA Images/LightRocket/Getty Images“We are very happy that cocoa prices are rising,” said Pascal Baltussen, chief of impact and operations at Tony’s. “Cocoa prices have been way too low for West African cocoa farmers to earn a living income.”Cocoa futures are used to determine the prices paid to farmers for cocoa in Ivory Coast and Ghana.

Persons: El, Paul, Christophe Gateau, Niño, ”, Intelligence’s, Tony's Chocolonely, Petra Figueroa, Pascal Baltussen, Alex Assanvo, Côte, “ Price, Tony’s, Baltussen, Steven Voskuil, Hershey, “, we’ll, —, Laura Paddison, Rachel Ramirez Organizations: New, New York CNN, Rabobank, International Cocoa, Getty, Cocoa Organization, Gro Intelligence, Hershey Locations: New York, Europe, Asia, Agboville, Ivory Coast, Ghana, Cameroon, Nigeria, Amsterdam, Tony’s, NIQ

☆ Grubhub is laying off 15% of staff
▼ + stars: | 2023-06-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders. “As a result, today we have made the very difficult decision to reduce headcount at Grubhub,” he said. Grubhub is letting go of about 400 employees, or 15% of staff. “We need to continually look at whether we are set up in the right way to deliver for our diners, restaurants and delivery partners.”Grubhub is competing with the likes of Uber Eats and Doordash for restaurants’ delivery business. The announcement today makes Grubhub the latest in a number of companies reducing staff.

Persons: New York CNN —, Howard Migdal, ”, “, ” Migdal, Andrew Kelly, Migdal, ” Grubhub, Uber Organizations: New, New York CNN, Reuters, Spotify, Tyson, Walmart Locations: New York, Grubhub, Amsterdam, North America, McDonald’s

☆ 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.

☆ FC Groningen vs Ajax suspended due to fans throwing fireworks onto the pitch
▼ + stars: | 2023-05-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

CNN —A Dutch soccer match between FC Groningen and Ajax was called off on Sunday because fans twice threw fireworks onto the pitch. “FC Groningen - Ajax has been suspended after 10 minutes of playing due to multiple incidents in which fireworks were thrown onto the pitch,” the Amsterdam-based club Ajax said in a statement. “But as always: thank you fans for your unconditional support!”According to FC Groningen, its home fixture between the two clubs in the Eredivisie – the Netherlands’ top-flight league – was first stopped six minutes into the match. After the players returned to the pitch 15 minutes later, referee Jeroen Manschot was forced to stop the game a second and final time when more fireworks were thrown, the club said. Sunday’s suspension marks the fourth Dutch top-flight league match to be temporarily paused since Friday due to objects being thrown onto the pitch.

☆ TomTom returns to profit as location tech gains steam
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

But the Amsterdam-based company said operating expenses declined year-on-year in the first quarter, helped by the reorganisation of its maps unit it announced last year. "The decrease mainly reflects efficiency gains realized in the research and development activities for our geographic data," TomTom said. The company reported quarterly operating profit of 2.6 million euros ($2.88 million), while analysts polled by the company had forecast a loss of 12 million euros. It had posted operating loss of 19.8 million euros in the first quarter of 2022 and a loss of 4.5 million euros in the fourth quarter. Its first-quarter revenue rose 10% to 141 million euros, against analysts' forecast of 132 million euros, driven by 12% growth in its biggest location technology unit and 34% growth in automotive.

☆ World Transplant Games: The unexpected journeys of four athletes to one of the biggest competitions you've probably never heard of
▼ + stars: | 2023-04-13 | by ( Eryn Mathewson | ) edition.cnn.com time to read: +17 min

British supporters gesture during the opening ceremony of the XXI World Transplant Games 2017 in Malaga, Spain on June 25, 2017. Jorge Guerrero/AFP/Getty ImagesWhat are the World Transplant Games? The World Transplant Games is not a household name like the Special Olympics or the Susan G. Komen Race for the Cure. The Road Race starts at the 2019 World Transplant Games in Newcastle-Gateshead, United Kingdom. Price is currently recovering from a non-transplant related surgery, but said she’s ready to make her second appearance at the World Transplant Games.

☆ Ferrovial shareholders vote on Dutch move in possible prelude to U.S. listing
▼ + stars: | 2023-04-13 | by ( Corina Pons | ) www.reuters.com time to read: +3 min

MADRID, April 13 (Reuters) - Ferrovial (FER.MC) shareholders vote on Thursday on a plan to move the Spanish construction group's holding company to the Netherlands, paving the way to a listing in the U.S. and potentially access to subsidies available there. The government fears more companies could follow suit and argues that a full U.S. listing is perfectly possible for a Spain-based company, although there are no such precedents. The move must be approved by a majority of shareholders to go ahead in a meeting that starts at midday (1000 GMT). Several investment funds have said they will vote in favour and two independent proxy advisers recommended backing the move. Ferrovial also wants to approach institutional funds in the U.S. willing to buy stakes if it gets a listing there.

☆ SoftBank-Alibaba sale looks awkward for Prosus
▼ + stars: | 2023-04-13 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, April 13 (Reuters Breakingviews) - SoftBank Group (9984.T) and Prosus (PRX.AS) are two very different beasts. Prosus owned about 27% of the internet titan on Wednesday, based on Refinitiv data and the company’s portfolio tracker. Prosus and van Dijk, however, have a rock-solid balance sheet with more cash than debt, and no particular need to exit Tencent in a hurry. That’s down from its peak last year, when the share price was considerably less than half the company’s net asset value per share. Prosus, the Amsterdam-listed technology investor, on April 11 said it would deposit 96 million Tencent shares into the Hong Kong Central Clearing and Settlement System, a precursor to selling them.

☆ Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, April 5 (Reuters) - Sibur, the largest producer and exporter of liquefied petroleum gas (LPG) in Russia, redirected exports to Africa, the Middle East and Asia in the past three months, industry sources said. In the first quarter of last year, countries outside EU and UK accounted for only 18%, or 43,000 tonnes, of LPG shipped from Ust-Luga. Redirecting quite a few of Sibur's LPG cargoes from the Amsterdam-Rotterdam-Antwerp (ARA) trading hub outside Europe has significantly increased the round trip for gas carriers, ship-tracking data shows. To avoid higher freight costs Sibur and trader Trafigura have engaged larger vessels to ship LPG outside the EU, three LPG traders told Reuters. Sibur LPG cargoes arriving from Ust-Luga are being sold to Trafigura, which reloads them at Paldiski to MGC (medium gas carriers, about 22,000 tonnes) or LGC (large gas carriers, 44,000 tonnes) vessels, the LPG traders said.

☆ Dutch neobank Bunq files application for US banking license as it tries to succeed where many European fintechs have struggled
▼ + stars: | 2023-04-04 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Dutch banking startup Bunq has launched its application for a US banking license. Dutch banking startup Bunq has launched its application for a US banking license, looking to succeed where others have failed. Europe's biggest fintech startups have pursued US banking licenses but very few have succeeded to date. The cost and difficulty of gaining approval from the FDIC is a huge barrier to entry, leading to many fintech startups to partner up with already registered institutions instead. Niknam said Bunq had the advantage of holding an EU-wide banking license through the Dutch regulator, becoming the first institution to achieve one in 35 years in 2014.

☆ Philips expects to reach recall settlements this year
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

Companies Koninklijke Philips NV FollowAMSTERDAM, March 30 (Reuters) - Dutch health technology company Philips (PHG.AS) expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. "I think we can at least reach a settlement on economic damages this year," Jakobs said without giving details on the expected costs. Jakobs added he "hopes and expects" to also reach a settlement with the U.S. Food and Drug Administration this year. A settlement with patients who claim the use of the recalled machines made them sick probably will take longer, he said. The economic damages claim was made by people, hospitals and health plans who say they suffered economic losses when the millions of machines were recalled.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

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