Articles by Toby Sterling and Jan Strupczewski

Fragmented Europe to Make New Bid for US-Style Capital Market

After years of struggling to raise capital in European Union markets, Mews – a hospitality software firm with Czech roots – finally secured funding by registering as a Dutch company. For its next step, Mews is looking even further from …

Airlines Face Growing Number of Lawsuits Over Their Climate Claims

When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But the 2019 campaign sparked criticism and last …

Dutch Watchdog Probes Alleged Tesla Data Breach

The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to …

FDA Says Faulty Philips Device Reports Accelerating as CEO Departs

The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has just announced plans to replace its CEO. Philips says …

FDA Seeks More Tests of Foam Used in Philips Ventilators

Philips, the medical equipment maker that is recalling ventilators due to use of parts containing a potentially hazardous foam, said on Sunday it is in discussions with U.S. regulators after a new inspection of one of the company’s facilities. Philips …

Dutch Court Rules Uber Drivers Are Taxi Employees, Not Contractors

Uber drivers are employees entitled to greater workers’ rights under local labor laws, a Dutch court ruled on Monday, handing a setback to the U.S. company’s European business model. It was another court victory for unions fighting for better pay …

Goldman Sachs to Buy Asset Management Arm of Insurer NN Group for Nearly $2B

AMSTERDAM – Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management arm for around 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018. …

EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts

European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without insurance, companies can be reluctant …

220,000 Dutch, English Consumers Sue VW Over Diesel Fraud

Around 220,000 car drivers in the Netherlands, England and Wales joined forces on Tuesday in what could become a pan-European lawsuit against German carmaker Volkswagen seeking compensation over its “dieselgate” emissions scandal. UK law firm Harcus Sinclair and Dutch Foundation …

Dutch Insurer NN Group Launches Bid to Buy Delta Lloyd for €2.4B

NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash. NN Group said on Wednesday it was offering to pay …