Philips takes fresh hit from safety recall

Dutch electronics firm Philips said on Monday that sales had taken a fresh hit from a recall of faulty sleep and respiratory care equipment and from supply chain issues.

Automotive

Chip shortage 'likely' to hit second half, BMW predicts

German car giant BMW posted record profit of 4.8 billion euros for the second quarter on Tuesday, but warned the second half of the year would "likely" be affected by semiconductor shortages.

Business

Air France-KLM sees 'first signs of recovery'

Air France-KLM said Friday that it narrowed its loss in the second quarter and saw the "first signs of recovery" in the aviation sector as countries ease coronavirus restrictions and vaccination campaigns continue apace.

Business

ECB inches closer to 'digital euro'

The European Central Bank inched closer to a "digital euro" on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

Automotive

Spain aims EU funds for boost to electric car industry

The Spanish government will invest 4.3 billion euros ($5.1 billion) from its share of European pandemic recovery funds to revamp its automobile industry and steer it toward manufacturing electric vehicles and their components, ...

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