ASML, Europe’s tech colossus, picks new CEO
Dutch semiconductor equipment manufacturer ASML Holding NV announced that it plans to appoint Christophe Fouquet as chief executive officer and president when its two co-presidents retire…
November 2023
Investment in European tech firms falls 45% to $45bn
Total capital invested into European technology start-ups firms in 2023 is on track to reach around $45 billion — 45% less than in 2022 and…
Rabobank fined €26.6m by EU over bond cartel
The European Commission said it has fined Dutch bank Rabobank €26.6 million for participating in a cartel “concerning the trading of certain Euro-denominated bonds, together with…
ABB gets €500m EIB loan for electrification push
Swiss engineering and technology company ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing…
Global debt to reach $310 trillion this year says IIF
Global debt rose by more than $9.5 trillion during the first three quarters of 2023, surpassing $307 trillion –over $60 trillion higher than in 2018…
Q3 dividends slip to $422bn, but Europe on for record
Global dividends fell slightly in the third quarter of 2023, declining 0.9% to $421.9 billion on a headline basis. But dividends in Europe jumped 22.9%…
Ørsted finance, operations chiefs leave after big losses
Denmark’s Ørsted, the world’s largest offshore wind developer, announced that its chief financial officer Daniel Lerup and its chief operating officer Richard Hunter are leaving…
European Investment Bank in €225m Extremadura loan
The European Investment Bank (EIB) said it has signed a €225 million framework loan with the Spanish autonomous community of Extremadura to co-finance investment in the…
European private equity firm PAI raises €7.1 bn
European private equity firm PAI Partners has announced the successful final close of its latest flagship fund, PAI Partners VIII. PAI said Fund VIII surpassed…