Netherlands Financial News

Medical device maker Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep apnea machines

Netflix announces the highly anticipated third season and accompanying world tour. Set against the backdrop of the Regency Era, this unique event promises to transport viewers into the extravagant world of the Ton, unfolding glamour, romance, and drama across ten countries. Exclusive Experience

Also read: Serum Institute to receive up to $30 mn from global network to make pandemic vaccines "An agreement has been signed under which Bharat Biotech will procure drug substances for manufacturing oral polio vaccines to be supplied within India and globally. This will contribute to supply security of oral polio vaccines. With this partnership, the capacity of BBIL to manufacture Oral Polio Vaccine (OPV) has increased to 500 million doses every year," said a statement by the Health Ministry.

The European Union says it will investigate whether China is using unfair methods to deprive companies in Europe of access to its market for medical devices

BRUSSELS—The European Union is ramping up economic pressure on Beijing with two new probes into allegations of unfair Chinese business practices, days ahead of Chinese President Xi Jinping’s planned visits to Paris and Budapest. The European Commission, the bloc’s executive body, is voicing growing concern over Chinese subsidies and other economic policies that it says harm European businesses.

pharmaceuticals exports increased 9.67 per cent year-on-year to USD 27.9 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, pharma exports in March grew by 12.73 per cent to USD 2.8 billion. In 2022-23, the exports stood at USD 25.4 billion. The top five export markets, for the sector during the last fiscal, are the US, the UK, the Netherlands, the United Kingdom, South Africa and Brazil.

Amsterdam, Netherlands – 22 April

Google is investing 600 million euros ($640.62 million) in a new data centre in the Dutch city of Groningen, it said on Tuesday, adding the investment will create 125 new jobs. Since 2014, Google has invested more than 3.8 billion in data centres and related digital infrastructure in the Netherlands.

Poland's president says the NATO member would be ready to host the nuclear weapons of the military alliances's other members in response to Russia's moving its nuclear weapons to neighbouring Belarus. President Andrzej Duda made the comments in an interview published Monday in the Fakt tabloid. Russia is «recently relocating its nuclear weapons to Belarus,» Duda said, in a reference to Belarus President Alexander Lukashenko's announcement in December. «If there were a decision by our allies to deploy nuclear weapons within the nuclear sharing also on our territory in order to strengthen the security of NATO's eastern flank, we are ready,» Duda said.

Germany. According to the European Union's official website, the rules have been updated in view of strengthened relations between European Union and India under EU-India Common Agenda on Migration and Mobility. This agenda seeks comprehensive cooperation on migration policy between the European Union and India, with facilitation of people-to-people contacts being of key aspect due to the importance of India as a partner for the EU.

climate activists have increasingly turned to courts to precipitate climate action. They want recognition of climate action as intrinsic as safeguarding constitutional and human rights. Starting with courts in the Netherlands, Australia, the US and Germany, and, more recently, European Court of Human Rights (ECtHR) and India’s Supreme Court — in its recent decision to include the adverse impact of climate change as a part of fundamental rights — judicial verdicts have held that governments are dutybound to enact and enforce suitable laws to protect present and future generations from the adverse effects of climate change. Citizen-led judicial activism, particularly from vulnerable and interest groups, reflects a rising public consciousness that governments’ failure to take timely and resolute climate action is a human rights issue. With constitutional courts upholding this position, climate action by the state is no longer a choice but an imperative.

innovation boss for the homecare unit of Unilever Plc. It's a cocktail of emissions that's mostly invisible, meaning that even when clothes aren't stained they may not be clean, he said, speaking at a lab in Northern England. Consumers are increasingly keen to tackle such soiling, Rutherford added, using daily, quick 15- to 30-minute washing machine cycles. And in a bid to cash in on the trend, Unilever has developed a new detergent, which the Anglo-Dutch consumer giant says rinses out more quickly than normal formulations.

Akira, a ransomware group, has drained $42 million from 250 firms since March 2023, said the Federal Bureau of Investigation (FBI), Europol, CISA, Europol’s European Cybercrime Centre (EC3), and the Netherlands’ National Cyber Security Centre (NCSC-NL) in a joint statement.

Top NATO and European Union officials are urging industrialized nations to take quick and concrete steps to provide more air defense systems to Ukraine

Europe’s farmers are angry, and staging their biggest protests in half a century

A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical correction, showing moderation in the global equity market’s most conspicuous driver over the past year and a half.

Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss

Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss

ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings on Wednesday, although sales to China held up despite U.S.-led restrictions. Shares in Europe's biggest tech firm, which had risen 34% this year, were down 4.5% to 873.40 euros at 0741 GMT

Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters. One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. The sources indicated this was another reason for the deferral.

renewable energy firm GPS Renewables has raised $50 Million (Rs 411.50 Crores) in debt financing from a clutch of private and public sector banks, and non-banking financial companies including Punjab National Bank, HDFC, Yes Bank, and HSBC Bank among others. The funds will be used for its nationwide execution of compressed biogas plants. GPS Renewables provides end-to-end solutions for the development, production, and distribution of biofuels.