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Sep 16, 2014

Europe’s startups get bootcamp booster

AMSTERDAM, Sept 16 (Reuters) – In the two years that
Rockstart Accelerator – a private bootcamp for tech firms – has
been going, it says the 20 startups it has backed have raised 15
million euros ($19 million) and created nearly 150 permanent
jobs.

“It’s cool to be in a startup there,” said Cralan Deutsch, a
44-year-old founder whose Rockstart-backed company has been
ticking over for a decade but joined the incubator for a revamp
and access to new contacts. “It used to be, I go to a party and
I tell the girls I’m in a startup and they walk away – that’s
changing now.”

Sep 15, 2014

Startups go Dutch for new era in manufacturing

AMSTERDAM, Sept 15 (Reuters) – Beneath the low beams of a
converted warehouse in Amsterdam lives a company with many of
the attributes of a Silicon Valley startup, except that at less
than a year old it has zero venture capital and says it is
already making enough money to sustain itself.

Fairphone started in 2010 as a campaign against smartphone
makers’ use of conflict minerals. Last year, after a series of
artistic and social protests to highlight what it says are
injustices in global supply chains, its founders decided to make
and sell phones of their own.

May 18, 2014

AstraZeneca arrays academic assets in Pfizer defense

CAMBRIDGE, England (Reuters) – Rising up from the fields around the university city of Cambridge, the steel towers of the Laboratory of Molecular Biology, are scientific pillars in the defense that drugs group AstraZeneca is mounting against a takeover approach by its U.S. rival Pfizer.

The lab’s four towers – clearly visible from arriving trains – help keep vibrations and noise away from highly sensitive equipment. Scientists who work there have said it is “simply too dangerous” to let AstraZeneca be bought by the American group.

Apr 17, 2014

AkzoNobel blames currency effects for weak earnings

AMSTERDAM, April 17 (Reuters) – Dutch paints and chemicals
maker AkzoNobel blamed adverse currency effects for lower than
expected earnings on Thursday, but said it was on course to meet
its 2015 targets in a fragile economic environment.

Sales volumes grew in all of the company’s three main
product areas, but the currency effects dented sales. Much of
the problem was down to translating earnings into a stronger
euro, Chief Financial Officer Keith Nichols told Reuters.

Apr 16, 2014

Semiconductor tool maker ASML cuts first-half sales forecast

AMSTERDAM (Reuters) – ASML, the world’s biggest manufacturer of tools for semiconductor chip makers, trimmed its first-half sales forecast on Wednesday, blaming slower second-quarter sales to some customers. Its shares fell sharply on the news.

The Dutch firm said it expected sales of 3 billion euros (2.5 billion pounds) in the first half of its fiscal year, including sales of extreme ultraviolet (EUV) systems, which will enable chipmakers to produce smaller, more powerful semiconductor wafers.

Apr 16, 2014

ASML cuts first-half sales forecast on weaker second-quarter

AMSTERDAM (Reuters) – ASML (ASML.AS: Quote, Profile, Research), the world’s biggest manufacturer of tools for semiconductor chip makers, cut its first-half sales forecast on Wednesday, blaming slower second-quarter sales to some customers.

The Dutch firm said it now expected sales of 3 billion euros (2.5 billion pounds) in the first half of its fiscal year, including sales of extreme ultraviolet (EUV) systems. Previously it had forecast sales of 3 billion excluding EUV systems.

Apr 16, 2014

ASML cuts first-half sales forecast on weaker Q2

AMSTERDAM, April 16 (Reuters) – ASML, the world’s
biggest manufacturer of tools for semiconductor chip makers, cut
its first-half sales forecast on Wednesday, blaming slower
second-quarter sales to some customers.

The Dutch firm said it now expected sales of 3 billion euros
($4.2 billion) in the first half of its fiscal year, including
sales of extreme ultraviolet (EUV) systems. Previously it had
forecast sales of 3 billion excluding EUV systems.

Jan 30, 2014

Currency is power and the dollar’s still got it, book says

LONDON, Jan 30 (Reuters) – It seems counterintuitive but
cash-hoarding criminals can be depended upon to uphold the
international monetary order, or so a new book maintains.

The vast quantity of $100 bills in hard currency held by
drug dealers outside the United States is a key to America’s
global dominance, according to economist John Williamson.

Sep 13, 2013

UK recovery may be kiss of death for some ‘zombie’ firms

LONDON (Reuters) – Britain’s economy is picking up at last but the country has a problem it didn’t face after previous recessions and which even now remains hard to detect: the corporate undead.

Thousands of companies have subsisted through the downturn thanks largely to accommodating bankers and very low interest rates. As the economy gathers pace, some will recover and flourish, but the weakest of these “zombie firms” will find that competition and a shortage of cash spells the end.

Aug 1, 2012

London mayor dangles, Olympic worker delights

LONDON (Reuters) – His booming voice fell silent for tube travelers, but London Mayor Boris Johnson was clinging on in the limelight on Wednesday as he got stuck on a zip wire at an Olympic party.

The portly, helmeted mayor was pictured in his trademark black suit and shoes, holding two Union Jack flags and calling for a ladder in the drizzle as he dangled from the high-wire attraction favored by school children in London’s Victoria Park, where the Games are being shown on big screens.

    • About Sara

      "I work on the top news team edit long stories in Europe, the Middle East and Africa region as part of a global team. Before that, I was training journalists on writing about companies, after working as a tech correspondent. I've been a correspondent in Paris, Helsinki and Amsterdam and have worked freelance for a wide range of publications."
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