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☆ ASML sees no short-term impact of updated U.S. rules on China exports
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

ASML logo is seen at the headquarters in Veldhoven, Netherlands June 16, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsAMSTERDAM, Oct 17 (Reuters) - ASML (ASML.AS), a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not expect any short-term financial impact from newly updated guidance on U.S. restrictions on exports to China. "We do not expect these measures to have a material impact on our financial outlook for 2023" or longer term financial forecasts, it said. The company added in the statement that it is still studying new guidelines announced by the Biden administration overnight. Previous rounds of restrictions from the U.S. government have barred the company from selling its most advanced products to customers in China.

Persons: de, Biden, Toby Sterling, Jan Harvey Organizations: REUTERS, Rights, U.S, Thomson Locations: Veldhoven, Netherlands, China, The Netherlands, U.S, Taiwan, South Korea

☆ Yandex's Yango in talks with Dutch watchdog over data protection
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/John Sibley/File Photo Acquire Licensing RightsCompanies Yandex NV FollowAMSTERDAM, Oct 12 (Reuters) - Yango, the ride-hailing app owned by Russian tech group Yandex NV (YNDX.O), said on Thursday it is in talks with the Dutch Data Protection Agency to demonstrate that it adheres to European rules on data transfer and storage. The Dutch Data Protection Agency on Thursday confirmed it is also investigating Yango. Yango said the Finnish and Norwegian probes showed "Yango's personal data processing does not pose any imminent threat to the fundamental rights and freedoms" of European users. "As we have always stated, data of Yango users cannot be obtained from the service by Russian authorities outside of the established international procedures, for example, involving Interpol." Yandex is in the process of trying to separate its core Russian businesses from the international operations registered in the Netherlands.

Persons: John Sibley, Yango, Toby Sterling, Jane Merriman Organizations: REUTERS, Russian, Dutch Data Protection Agency, Nasdaq, Interpol, Thomson Locations: London, Britain, AMSTERDAM, Russia, Netherlands

☆ 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

☆ UNESCO, Dutch launch project to prepare for AI supervision
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTHE HAGUE, Oct 5 (Reuters) - The Netherlands and the U.N. on Thursday launched a project to help prepare Europe's national agencies to supervise artificial intelligence (AI). The project, undertaken with support of the European Commission, comes ahead of the passage of the AI Act, the broad legislation that is expected to govern AI use in Europe. In the project, The United Nations' Educational, Scientific and Cultural Organization (UNESCO) will be assembling information about how European countries are currently supervising AI and putting together a list of "best practices" recommendations. The Dutch digital infrastructure agency (RDI) will be assisting UNESCO in communicating and meeting with national working groups from around Europe, including a first meeting on Thursday in The Hague.

Persons: Dado Ruvic, UNESCO's Gabriela Ramos, Nathalie Berger, Toby Sterling, Alexandra Hudson Organizations: REUTERS, HAGUE, European Commission, United Nations, Cultural Organization, UNESCO, Union, Alexandra Hudson Our, Thomson Locations: Netherlands, Europe, The Hague

☆ Suspect in Rotterdam shootings had troubled past, targeted victims
▼ + stars: | 2023-09-29 | by ( Bart Biesemans | ) www.reuters.com time to read: +3 min

[1/4] FILE PHOTO-A general view shows the house of a victim of a shooting in Rotterdam, Netherlands, September 28, 2023. Law enforcement sources confirmed the 32-year-old suspect's name as Fouad L., with his surname not publishable under Dutch privacy laws. The prosecutor's spokesperson confirmed the authenticity of a letter from prosecutors to the EMC circulating on Dutch media. It described the suspect having "psychotic behaviour" and alcohol troubles as well as complaints from neighbours over his treatment of animals. Rotterdam's chief prosecutor Hugo Hillenaar said on Thursday the suspect had a history of police run-ins.

Persons: de, Prosecutors, Stefan Sleijfer, Fouad L, Roos Bonnier, Hugo Hillenaar, Toby Sterling, Anthony Deutsch, Philippa Fletcher Organizations: REUTERS, Rights, Erasmus University Medical Centre, EMC, Reuters, Erasmus Medical Center, Thomson Locations: Rotterdam, Netherlands, Rights ROTTERDAM

☆ Deaths in shooting at Rotterdam university hospital, home -police
▼ + stars: | 2023-09-28 | by ( Piroschka Van De Wouw | ) www.reuters.com time to read: +1 min

[1/2] Ambulances are seen after Dutch police arrested a suspect after a shooting in Rotterdam, Netherlands, September 28, 2023. REUTERS/Piroschka van de Wouw Acquire Licensing RightsROTTERDAM, Sept 28 (Reuters) - Several people were killed on Thursday by a gunman who opened fire in a classroom at a university in the Dutch port city of Rotterdam and nearby house, police said. A 32-year-old suspect was arrested after police said on social media that shots had been fired at the Rotterdam Medical Centre and a home. Videos posted online showed police instructing students, some wearing medical gowns, to run outside as heavily armed arrest teams arrived at the scene. Two hours later police said there had been multiple deaths and that victims' family members were being informed.

Persons: de Wouw, Bart Meijer, Charlotte Van Campenhout, Toby Sterling, Anthony Deutsch, Peter Graff, Hugh Lawson, Alexandra Hudson Organizations: REUTERS, Rights, Rotterdam Medical, Police, Alexandra Hudson Our, Thomson Locations: Rotterdam, Netherlands

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

☆ Chipmaker ASML to set up base in Japan's Hokkaido to support new Rapidus plant
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

An ASML spokesperson said the company will have a customer support team for Rapidus, but could not immediately confirm staff numbers. Nikkei, which first reported the news, said that 50 ASML engineers will install an ASML "EUV" machine on a prototype line in Chitose City, Hokkaido. "We always have engineers that support our systems in our customers' fabs," the ASML spokesperson said, referring to customers' factories. TSMC, Samsung, Intel and memory chip specialists SK Hynix and Micron currently manufacture using ASML's EUV tools. The Nikkei report said ASML is also expanding its existing support base for TSMC, which is building a major plant in Kumamoto in Japan.

Persons: Dado Ruvic, ASML, Rocky Swift, Toby Sterling, Louise Heavens, Jane Merriman Organizations: REUTERS, Rights, Rapidus, Nikkei, Samsung, Intel, SK Hynix, Micron, Thomson Locations: Hokkaido, Chitose City, Kumamoto, Japan

☆ ICC war crimes tribunal hobbles on despite hacking
▼ + stars: | 2023-09-21 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

An exterior view of the International Criminal Court in the Hague, Netherlands, March 31, 2021. The high-profile ICC in the city of The Hague handles sensitive information about war crimes cases. In March, the court issued an arrest warrant for Russian President Vladimir Putin on suspicion of illegally deporting children from Ukraine. Prosecutors are also conducting investigations of alleged war crimes in Ukraine, Sudan and Afghanistan, among others. Mylene Dimitri, defending Yekatom, told Reuters she was exchanging information via USB flash drives and paper binders, delivering information personally from office-to-office.

Persons: de, Vladimir Putin, Geert, Jan Knoops, Patrice, Edouard Ngaissona, Alfred Yekatom, Mylene Dimitri, Yekatom, videolink, Stephanie van den Berg, Anthony Deutsch, Toby Sterling, Barbara Lewis, Andrew Cawthorne Organizations: Criminal Court, REUTERS, ICC, Central African, Kremlin, Prosecutors, Reuters, Thomson Locations: Hague, Netherlands, The Hague, Central African Republic, Ukraine, Sudan, Afghanistan

☆ War crimes tribunal ICC says it has been hacked
▼ + stars: | 2023-09-19 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +3 min

THE HAGUE, Sept 19 (Reuters) - The International Criminal Court (ICC) said on Tuesday its computer system had been hacked, a breach at one of the world's most high-profile international institutions and one that handles highly sensitive information about war crimes. "Immediate measures were adopted to respond to this cybersecurity incident and to mitigate its impact," the ICC said in a short statement. The ICC is the permanent war crimes tribunal in the Dutch city of The Hague, established in 2002 to try war crimes and crimes against humanity. The Dutch intelligence agency (AIVD) said in its 2022 annual report that the ICC was "of interest to Russia because it is investigating possible Russian war crimes in Georgia and Ukraine". In August 2023, ICC Prosecutor Karim Khan said that cyber attacks could be part of future war crimes investigations.

Persons: Vladimir Putin, Dado Ruvic, Marie, Hélène Proulx, Karim Khan, Toby Sterling, Stephanie van den Berg, Anthony Deutsch, Bart Meijer, Gareth Jones, Andrea Ricci, Mark Potter Organizations: HAGUE, Criminal Court, ICC, Prosecutors, Kremlin, REUTERS, Dutch Justice Ministry, Cyber Security, Microsoft, Thomson Locations: Dutch, The Hague, Ukraine, Uganda, Venezuela, Afghanistan, Philippines, Russia, Georgia, Russian

☆ Naspers/Prosus CEO steps down, M&A chief Tu takes the helm
▼ + stars: | 2023-09-18 | by ( Tosterling Tannur Anders | Tannur Anders | ) www.reuters.com time to read: +3 min

But it coincides with a restructuring in Naspers/Prosus relations, with Prosus no longer holding shares in Naspers. Analysts said he was the most likely candidate to succeed Van Dijk permanently. At 0910 GMT, Prosus shares were trading down 0.9% in Amsterdam, while Naspers' shares were 1.5% lower in Johannesburg. Tencent shares closed down 1.6% in China. Van Dijk oversaw Prosus's 2019 IPO and the company's stock boomed during the COVID-19 pandemic.

Persons: Bob van Dijk, Siphiwe, Ervin Tu, Naspers, Prosus, Van Dijk's, Van Dijk, Koos Bekker, Tannur Anders, Promit Mukherjee, Toby Sterling, Radhika Anilkumar, Louise Heavens, Mark Potter Organizations: REUTERS, HK, Vision, Reuters, Thomson Locations: Johannesburg, South Africa, Tencent, JOHANNESBURG, AMSTERDAM, Naspers, Naspers ., Amsterdam, China, Prosus, Bengaluru

☆ Naspers & Prosus CEO steps down, M&A chief Ervin Tu is successor
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Bob van Dijk, CEO of e-commerce group Naspers, poses for a photograph in front of the company logo after holding a media briefing in Johannesburg, South Africa, October 9, 2019. The companies named investment chief Ervin Tu, a previous VisionBank manager and Goldman Sachs technology banker, as interim CEO. However it coincides with the unwinding Monday of a cross-structure between Prosus and Naspers. Van Dijk oversaw Prosus's 2019 IPO and the company's stock boomed during the COVID-19 pandemic. However he struggled to close a valuation gap between Prosus, Naspers and the value of their biggest asset: Chinese software giant Tencent(0700.HK) .

Persons: Bob van Dijk, Siphiwe, Ervin Tu, Goldman Sachs, Naspers, Van Dijk's, van Dijk, Van Dijk, Prosus, Tannur Anders, Toby Sterling, Radhika Anilkumar, Sherry Jacob, Phillips, Stephen Coates, Michael Perry, Louise Heavens Organizations: REUTERS, Rights, Prosus NV, Johannesburg Stock Exchange, HK, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Prosus, Tencent, Russia, Ukraine, Amsterdam, Bengaluru

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

☆ Uber in delivery deal with restaurant software provider Deliverect
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Sept 15 (Reuters) - Uber Technologies (UBER.N) said on Friday it has agreed a delivery partnership with Deliverect, a Belgium-based company that sells order management software to restaurants. Restaurants use Deliverect to keep track of orders from their own websites and a variety of apps, and to manage workflow and dispatching. Under the deal, the two companies will integrate software and Deliverect will preferentially route deliveries via Uber Direct -- Uber's "white label", or unbranded, delivery service. Deliverect will benefit from improving its offering, while Uber will benefit from making additional deliveries, the companies' joint statement said. The partnership will be available in the U.S., Canada, France, Germany, Britain, Spain, Portugal, Australia and New Zealand, the companies said.

Persons: Uber, Deliverect, Toby Sterling, Jane Merriman Organizations: Technologies, Deliverect, Thomson Locations: AMSTERDAM, Belgium, U.S, Canada, France, Germany, Britain, Spain, Portugal, Australia, New Zealand

"The only way to fly responsibly right now is not to fly," said Hiske Arts, who is leading the campaign by Fossil Free Netherlands. In preliminary hearings, its lawyers argued "fly responsibly" ads were well-intentioned. KLM says it has already discontinued 19 communications it says form the core of the Fossil Free suit. Its "fly responsibly" web page now re-routes customers to a message that reads: "Air travel is currently not sustainable. While advertising authorities have banned some ads, they say airlines should be allowed to discuss improvements in order to prevent "greenhushing", or allowing the issue to disappear from discussion.

Persons: BEUC, Dimitri Vergne, Laurent Donceel, Lucas Boudet, Toby Sterling, Joanna Plucinska, Mark Potter Organizations: Hiske, Fossielvrij, Dutch, KLM, Fossil, Hiske Arts, Fossil Free Netherlands, European Commission, Air France, Schiphol Airport, Airlines, Advertising Standards Association, Thomson Locations: Netherlands, Amsterdam, Europe, AMSTERDAM, LONDON, Brussels, London

☆ Dutch watchdog seeks Apple explanation on French iPhone12 radiation tests, media report
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Sept 13 (Reuters) - The Dutch digital watchdog is looking into a French report saying Apple's (AAPL.O) iPhone 12 model breaches European Union radiation exposure limits and will ask the U.S. company for an explanation, according to an official quoted by the daily Algemeen Dagblad. "The Netherlands attaches as much importance as France to safe use of mobile phones. Mobile phones must comply with Europeans norms." Germany's network regulator BNetzA said it might launch similar proceedings and was in close contact with French authorities, while Spain's OCU consumers' group urged authorities there to halt the sales of the iPhone 12. Reporting by Toby Sterling and Benoit Van Overstraeten; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Angeline van Dijk, BNetzA, Apple, Toby Sterling, Benoit Van Overstraeten, David Gregorio Our Organizations: U.S ., France's Agence Nationale des, Apple, Nederlandse, Mobile, Thomson Locations: AMSTERDAM, U.S, Dagblad, France's, France, Netherlands

☆ Dutch group summons X to appear in court over alleged data misuse
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A screen capture of Twitter's official page with an "X" on the profile image is seen on July 23, 2023 in this screengrab obtained from a social media website. via REUTERS/File photo Acquire Licensing RightsCompanies B2x Corp FollowAMSTERDAM, Sept 13 (Reuters) - A Dutch group on Wednesday filed a subpoena against social media company X Corp, formerly known as Twitter, in a preliminary step that could potentially lead to a class action lawsuit over alleged misuse of user data. The Stichting Data Bescherming Nederland (SDBN) said it intends to seek damages for people whose data was allegedly wrongfully tracked and traded in the 2013-2021 period. It filed a subpoena at Rotterdam District Court summoning X to appear on Jan. 3. For the case to proceed, judges have to determine whether X has a case to answer, whether there is an identifiable group of people affected, and if so whether SDBN represents them.

Persons: SDBN, Toby Sterling, Jane Merriman Organizations: REUTERS, X Corp, Stichting, Bescherming, Court, Reuters, Thomson Locations: Rotterdam

☆ Goldman Sachs discloses short position in Philips after Dutch regulator review
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. Goldman Sachs, which acted on behalf of Exor, could not immediately be reached for comment. The review "has led to the additional disclosures of gross short positions by Goldman Sachs in the AFM register", the agency said in an e-mailed statement. An AFM filing first published on Aug. 17 had showed Goldman Sachs holding a long position of 12.17% in Philips as of Aug. 14, mostly in call options. That filing has now been revised to show Goldman also was holding an indirect short position of 12.04% on Aug. 14.

Persons: Goldman Sachs, Andrew Kelly, counterbalancing, Philips, Exor, Goldman, Toby Sterling, Jamie Freed Organizations: REUTERS, Rights, Philips, Financial Markets Authority, Exor, FD, . U.S . Securities, Exchange, Thomson Locations: Manhattan , New York, U.S, Dutch, ., Philips

[1/5] A view shows a sign for a heavy haulage convoy during transport of a nacelle of a wind turbine near a wind farm, in Biegen, Germany August 31, 2023. REUTERS/Lisi Niesner Acquire Licensing RightsBERLIN, Sept 7 (Reuters) - Germany's wind power expansion is facing an unexpected roadblock: builders need permits to transport the heavy turbines down the country's roads, and they are waiting months to get them. "Assuming nothing changes, it could cost 115 million euros extra by the end of the year," Felix Rehwald, a spokesperson for wind turbine manufacturer Enercon, told Reuters. Transport permits are needed to drive heavy loads over bridges and highways. The cost of applications had jumped to more than 1,000 euros per permit in 2021 from 100 euros, Nordex said.

Persons: Lisi Niesner, Felix Rehwald, Rehwald, Nordex, Kai Westphal, VDMA, Sebastian Steul, Steul, Morten Arnskov Boejesen, Soren Andersen, " Westphal, Johannes Gotfredsen, Toby Sterling, Riham, Thomas Escritt, Alexandra Hudson Organizations: REUTERS, Rights, Reuters, Transport, GmbH, Wednesday, of, of Danish Industry, Danish, Directorate, Alexandra Hudson Our, Thomson Locations: Biegen, Germany, Netherlands, Denmark, of Danish, Copenhagen, Amsterdam

☆ Philips settles one category of U.S. claims over respirator recall
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Companies Koninklijke Philips NV FollowAMSTERDAM, Sept 7 (Reuters) - Philips (PHG.AS) said on Thursday it has reached a settlement to resolve one category of legal claims against it following a major recall of the Dutch medical equipment maker's sleep apnea and respiratory devices. The company had taken a 575 million euro ($615.48 million) provision in the first quarter of 2023 against estimated costs for economic loss claims. The company still faces other legal actions over the recall, including personal injury claims, as well as an investigation by the U.S. Department of Justice. However, the lawyers said in a joint statement they would continue to pursue personal injury and other claims against the company. "We are confident in these claims and we look forward to holding Philips accountable for the physical harm they caused patients," they said.

Persons: Philips, Steve Klink, Toby Sterling, Tassilo Hummel, Sudip Kar, Gupta, Susan Fenton, David Evans Organizations: Koninklijke Philips NV, Philips, U.S . Department of Justice, U.S . Food, Drugs Administration, Thomson Locations: AMSTERDAM

☆ ASML to ship first pilot tool in its next product line in 2023 -CEO
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Piroschka van de Wouw/File photo Acquire Licensing RightsAMSTERDAM, Sept 5 (Reuters) - ASML (ASML.AS) will ship the first pilot tool in its next product line this year as planned, the semiconductor equipment maker's CEO Peter Wennink said, despite some supplier hold-ups. Under pressure from the United States, the Dutch government does not grant ASML licences to export EUV tools to Chinese chipmakers. Like in a camera, the High NA, or high numerical aperture tool, will gather light from a wider angle for up to 70% better resolution, although the ASML tool uses a system of mirrors rather than a lens. Separately, Wennink confirmed that ASML will have more sales in dollar terms from its previous generation "DUV" machines than EUV machines in 2023. ASML is forecasting 30% sales growth this year due in part to strong demand from Chinese customers for the older machines.

Persons: de, Peter Wennink, Wennink, Toby Sterling, Alexander Smith Organizations: REUTERS, Rights, NA, Reuters, Intel, Samsung, SK Hynix, Micron, Thomson Locations: Veldhoven, Netherlands, Eindhoven, United States, Arizona, Taiwan

☆ Dutch government presses ahead with Schiphol flight cap as airlines protest
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Flights will be capped at 452,500 per year, Harbers said, 9.5% below 2019 levels and lower than a previous proposal of 460,000. 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. The decision is "arbitrary, ill-thought out and undercuts procedures normally used," said Ourania Georgoutsakou, managing director of industry group Airlines For Europe (A4E). Airlines opposed to the ban are appealing to the Dutch Supreme Court after losing an appeal in July. The International Air Transport Association (IATA), which supports the airlines' case, on Thursday told the Dutch caretaker government not to proceed ahead of a national election in November.

Persons: Yves Herman, Mark Harbers, Harbers, Ourania Georgoutsakou, Mark Rutte, Toby Sterling, Mark Potter Organizations: KLM, REUTERS, Rights, Aviation, European Commission, Airlines, Air France, Europe, Dutch, International Air Transport Association, U.S . Department of Transport, Thomson Locations: Amsterdam, Netherlands, Schiphol

☆ 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

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

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