Business

Philips take hit by supply problems, respirator recall

Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.

Business

French court fines Deliveroo for 'undeclared labour'

A Paris court on Tuesday fined the British meal delivery group Deliveroo after ruling it was guilty of "undeclared labour" for using freelance riders who should have been classified as employees, depriving the state of millions ...

Business

Intel unveils $88B chipmaking expansion plan for Europe

U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have ...

Business

Germany's Siemens sees profit up 20%, raises dividend

Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders ...

Nokia profit matches expectations; dividend to resume

Wireless and fixed-network equipment maker Nokia reported fourth-quarter profits Thursday in line with analyst expectations and said it will resume paying a dividend and launch a share-buyback program because of its improved ...

Energy & Green Tech

France's new-generation nuclear plant delayed again

Electricity giant EDF on Wednesday announced a further delay and cost overruns for France's flagship new-generation nuclear plant, in a blow to President Emmanuel Macron's strategy of making atomic power a cornerstone of ...

Automotive

'Hey Alexa': Amazon, Stellantis team up on car dashboards

US-European automaker Stellantis and Amazon are teaming up to develop onboard electronics systems that will bring the Alexa smart assistant to vehicles including the Jeep and Ram truck brands, the companies said Wednesday.

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