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.
Fireblocks, a crypto infrastructure company, launched Fireblocks Flow at the Money 20/20 conference in Amsterdam. CEO Michael Shaulov discussed the launch and the company’s payment growth.
The European Commission has granted Prosus NV an extension until October 11 to divest its stake in Delivery Hero SE. This extension provides Prosus additional time to manage a potential takeover bid from Uber Technologies for Delivery Hero.
ING Groep NV is implementing ‘vibe coding’ artificial intelligence technology to develop new electronic trading systems for currency and credit markets, representing the bank’s latest strategic use of AI to enhance its competitive position against larger financial institutions.
Prosus NV has requested that the European Union remove the mandatory divestiture requirement of its shares in Delivery Hero SE, which was imposed as a condition for approving Prosus’s acquisition of another delivery platform under EU antitrust rules.