
Europe Leads Global Bond Selloff as Oil Stokes Inflation Fears
Europe led a global bond selloff as the escalating conflict in the Middle East stoked fears of an oil supply disruption that would fan inflation.
German yields climbed across the curve, with 10-year yields up as much as five basis points to 2.56%, the highest level in a week. Treasury yields also rose, with 10-year yields up as much as three basis points to 4.40%.

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ASM share buyback update June 16 – 20, 2025
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Forging A Responsible, Secure Way Forward For Open-Source AI
Dirk-Peter van Leeuwen is the CEO of SUSE, a global leader in innovative, reliable and secure enterprise open source solutions. As AI adoption continues to accelerate, the focus is shifting from experimentation to execution. How do businesses harness AI's potential in ways that are practical, principled and at scale? The answer lies in an open approach. Organizations can achieve responsible, transparent and secure AI through open-source tools and open platforms that foster innovation without locking it behind proprietary walls. With large language models and other AI technologies evolving at lightning speed, agility and adaptability are essential—and an open, collaborative ecosystem can keep up. My conviction comes from observing previous technical revolutions that have moved from experimentation to scale. Large-scale adoption while keeping the pace of innovation only really happened when open source (and its community) was at its heart. Linux stands as a powerful testament to the value of open-source development. By making its code freely available, Linux invited a global community of developers to collaborate, test and innovate—resulting in one of the most secure and scalable operating systems in the world. Today, it runs everything from smartphones to supercomputers, proving that openness doesn't hinder progress—it accelerates it. Kubernetes is the backbone of modern cloud infrastructure. It enables scalable, vendor-neutral application deployments as well as open internet protocols, which enable the interoperable, decentralized growth of the internet. This proves that open standards can scale globally and empower billions without centralized control. As we chart the future of AI, embracing similar openness can ensure the technology benefits from collective expertise and serves the broader good. Understanding Open-Source AI Before diving into what an open approach to AI looks like in practice, we must first understand what 'open-source AI' really means. Defining it is a complex and evolving effort involving plenty of debate, but creating a standard is helpful for providing clear guidelines, promoting transparency and trust, and accelerating innovation and collaboration. One formal definition that has emerged comes from the Open Source Initiative (OSI): the Open Source AI Definition (OSAID), which is a work in progress that we endorse. At a high level, the OSAID defines open-source AI as an AI system that allows users to: • 'Use the system for any purpose and without having to ask for permission.' • 'Study how the system works and inspect its components.' • 'Modify the system for any purpose, including to change its output.' • 'Share the system for others to use with or without modifications, for any purpose.' 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Wolters Kluwer successfully prices €500 million five-year Eurobond
PRESS RELEASE Wolters Kluwer successfully prices €500 million five-year Eurobond Alphen aan den Rijn – June 23, 2025 – Wolters Kluwer, a global leader of professional information solutions, software, and services, today announced that it has successfully priced a new €500 million five-year senior unsecured Eurobond. The bonds were sold at an issue price of 99.975 per cent and carry an annual coupon of 3.000 per cent. The settlement date has been set for June 30, 2025. The securities were placed with a broad range of institutional investors across Europe. The senior unsecured bonds will mature on September 25, 2030. The notes are expected to be rated A- by S&P Global Ratings Europe Limited. The net proceeds of the offering will be used for general corporate purposes. Barclays, Commerzbank, Deutsche Bank, IMI – Intesa Sanpaolo and SMBC acted as joint active bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange. ### About Wolters KluwerWolters Kluwer (EURONEXT: WKL) is a global leader in information solutions, software, and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX, Euro Stoxx 50 and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY). For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. Media Investors/Analysts Stefan Kloet Meg Geldens Wolters KluwerGlobal Communications Wolters KluwerInvestor Relations m +316 12 22 36 57 ir@ Forward-looking Statements and Other Important Legal InformationThis report contains forward-looking statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall' and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; conditions created by any pandemics; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Trademarks referenced are owned by Wolters Kluwer N.V. and its subsidiaries and may be registered in various countries. Attachment 2025.06.23 Wolters Kluwer successfully prices €500 million 5-year EurobondError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data