The Rotterdam court ordered the bankruptcy of crypto platform Knaken after determining the company lacked sufficient assets to repay its users, leading to an orderly settlement process.
ASML Holding NV released results during a period of significant investor concern over a selloff in AI-inflated technology stocks. The company’s results are considered particularly significant given market volatility.
ASML and other chip equipment suppliers experienced share price increases as South Korean chipmakers Samsung and SK Hynix announced plans for increased investments, boosting investor sentiment in the semiconductor equipment sector.
Prosus CEO Fabricio Bloisi stated that the company’s food delivery subsidiary Just Eat will begin delivering growth within the next few months and is planning global expansion. Prosus reported more than doubled profit in its last fiscal year, exceeding analyst expectations due to strong performance in its e-commerce businesses.
Prosus NV reported profit more than doubling in its last fiscal year, exceeding analyst expectations. The strong performance was driven by growth in the company’s e-commerce businesses and an appreciation in the value of its significant stake in Chinese technology company Tencent Holdings.
Prosus NV, a Dutch e-commerce and investment company, expects core earnings to increase by up to 28% for the fiscal year ending March 31st, driven by growth in its e-commerce operations and appreciation of its investment stake in Chinese technology company Tencent.
ASML Holding NV, the Dutch semiconductor equipment manufacturer, faces scrutiny from the US Commerce Department after warnings that one of its advanced lithography machines may have been exported to China in violation of US export controls. The warning was issued by US Commerce Secretary Howard Lutnick to ASML leadership.
Elon Musk will virtually attend a closed-door technology conference organized by ASML Holding NV to discuss his Terafab project, which ASML considers a serious endeavor. Terafab is focused on chip manufacturing technology.
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.
Bill Ackman’s Pershing Square is planning to sell its stake in Universal Music Group NV, the Amsterdam-listed music company, shortly after the company rejected Ackman’s takeover bid.