Latest news with #Netherlands
Washington Post
30 minutes ago
- Washington Post
Netherlands returns 119 looted artifacts known as Benin Bronzes to Nigeria
ABUJA, Nigeria — The Netherlands on Thursday returned 119 artifacts looted from Nigeria, including human and animal figures, plaques, royal regalia and a bell. The artifacts, known as the Benin Bronzes and mostly housed in a museum in the city of Leiden, were looted in the late 19th century by British soldiers.
Yahoo
2 hours ago
- Business
- Yahoo
Alternative meat start-up Rival Foods raises funding for expansion
Dutch alternative meat start-up Rival Foods has raised €10m ($11.4m) in Series B funding to 'scale up' its operations. The funding round was led by pension investor APG on behalf of ABP, as well as backers including existing shareholder PeakBridge. Founded in 2019 as a spin-off from Wageningen University & Research, Rival Foods is headquartered in Amersfoort, the Netherlands. The company has developed a platform that creates plant-based meat alternatives. Rival Foods said its products are 'fully plant-based', clean label, 'minimally processed' and 'free from artificial additives'. Birgit Dekkers, the CEO and co-founder of the Dutch start-up, described the funding as a 'major milestone' in its goal to make 'high-quality plant-based meat mainstream'. The capital will be used to 'double' production capacity at Rival Foods' facility in Geldrop and 'further scale' its manufacturing technology. Rival Foods added the investment allows the 'further optimising of production costs to achieve competitive pricing to animal meat – without compromising on taste, texture, or nutritional value'. Lodewijk Meens, a senior portfolio manager at APG, said: 'Rival Foods have built something special: a scalable process to turn standard plant proteins into exciting fibrous, meat-like structures. Rival Foods' products offer a satisfying bite with high protein content and a clean label.' The group operates on a B2B model, working with chefs, retailers and food brands throughout Europe. 'Real success in the alternative protein space demands three tough things to achieve: great taste, texture, and competitive prices. We're proud to see Rival Foods achieving all three," PeakBridge partner and COO Martina Pace said. The VC firm's portfolio includes investments in Standing Ovation, a French company that uses precision fermentation to produce non-animal casein proteins. PeakBridge has also backed Vow, the Australia-based firm that has developed a cell-based version of quail. Earlier this week, Australia's food regulator approved the sale of cultivated-meat products in the country. Vow outlined plans to launch into 'dozens of Australia's most exciting venues', including Sydney restaurant NEL and Italian outlet Bottarga in Melbourne. "Alternative meat start-up Rival Foods raises funding for expansion" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error 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
National Post
3 hours ago
- National Post
Why a Toronto-bound flight from Amsterdam turned back after five hours in the air
A flight this week from Amsterdam to Toronto spent more than five hours in the air before landing — in Amsterdam. The cause was a missed scheduled maintenance that was discovered while the plane was over the Atlantic Ocean, requiring it to do a U-turn and return home. Article content The aircraft, an Airbus A330-303, had already been delayed 90 minutes from its original departure time of 11:20 a.m. local time, for what should have been an eight-hour flight from Schiphol airport to Toronto. That was due to a last-minute change of plane because the air conditioning on the original one wasn't working. Article content Article content Article content But the new plane had its own issues. As reported on the website View from the Wing and elsewhere, the crew realized only en route that there was required maintenance for the aircraft that had not been performed. Article content Article content 'During flight KL691 from Amsterdam to Toronto, it was decided to return to Schiphol as a precaution after it became apparent during the flight that the replacement aircraft (PH-AKA) would reach its maintenance deadline,' the airline said in a statement. Article content 'The aircraft was fully airworthy at the time of departure,' it added. 'To prevent the license from expiring during the flight, it was decided to return to perform the maintenance in the Netherlands.' Article content The delay — more than three hours on a flight of more than 3,500 kms — means that, due to European laws, each passenger is entitled to 600 euros in compensation, as well as rebooking by the airline. Article content Article content 'Although all passengers were rebooked upon arrival, we naturally find it very unfortunate for the passengers who were affected by this,' KLM said in its statement. Article content Article content Flight data from shows that the aircraft was south of Iceland and nearly midway across the Atlantic when it turned around. Article content Last-minute aircraft swaps have caused issues in the past. View from the Wing details how, earlier this month, American Airlines swapped out a Boeing 787-8 for a similar 787-9, then sent the latter on a flight from Philadelphia to Naples, Italy. But the runway at Naples wasn't certified for the 787-9, so it had to be diverted to Rome, 200 kms to the north. Article content
Yahoo
3 hours ago
- Yahoo
Why a Toronto-bound flight from Amsterdam turned back after five hours in the air
A flight this week from Amsterdam to Toronto spent more than five hours in the air before landing — in Amsterdam. The cause was a missed scheduled maintenance that was discovered while the plane was over the Atlantic Ocean, requiring it to do a U-turn and return home. The aircraft, an Airbus A330-303, had already been delayed 90 minutes from its original departure time of 11:20 a.m. local time, for what should have been an eight-hour flight from Schiphol airport to Toronto. That was due to a last-minute change of plane because the air conditioning on the original one wasn't working. But the new plane had its own issues. As reported on the website View from the Wing and elsewhere, the crew realized only en route that there was required maintenance for the aircraft that had not been performed. KLM confirmed to Business Insider magazine that the U-turn was caused by the aircraft reaching what it called a 'maintenance deadline.' 'During flight KL691 from Amsterdam to Toronto, it was decided to return to Schiphol as a precaution after it became apparent during the flight that the replacement aircraft (PH-AKA) would reach its maintenance deadline,' the airline said in a statement. 'The aircraft was fully airworthy at the time of departure,' it added. 'To prevent the license from expiring during the flight, it was decided to return to perform the maintenance in the Netherlands.' The delay — more than three hours on a flight of more than 3,500 kms — means that, due to European laws, each passenger is entitled to 600 euros in compensation, as well as rebooking by the airline. 'Although all passengers were rebooked upon arrival, we naturally find it very unfortunate for the passengers who were affected by this,' KLM said in its statement. Flight data from shows that the aircraft was south of Iceland and nearly midway across the Atlantic when it turned around. Last-minute aircraft swaps have caused issues in the past. View from the Wing details how, earlier this month, American Airlines swapped out a Boeing 787-8 for a similar 787-9, then sent the latter on a flight from Philadelphia to Naples, Italy. But the runway at Naples wasn't certified for the 787-9, so it had to be diverted to Rome, 200 kms to the north. National Post has reached out to KLM for further comment. Do airlines owe you compensation for turbulence-induced damages? Here's what we found out Flying into Turkey? Wait your turn to stand up on the plane or face a fine Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our newsletters here.
Yahoo
6 hours ago
- Business
- Yahoo
ASML Holding Rises 10% YTD: Is the Stock Worth a Good Buy?
ASML Holding ASML has delivered a solid year-to-date (YTD) gain of 10%. This performance easily beats the broader Zacks Computer and Technology sector, which rose a mere 1.5% in the same period. ASML Holding stock has also moved ahead of several semiconductor peers, including NVIDIA Corporation NVDA, Intel Corporation INTC and Advanced Micro Devices, Inc. AMD. YTD, shares of NVIDIA, Intel and Advanced Micro Devices have risen 8.1%, 7.1% and 5%, respectively. This outperformance shows investors are increasingly confident in ASML Holding's long-term story, even during a volatile market shaped by trade conflicts and geopolitical risks. We believe this momentum is grounded in strong fundamentals, and ASML's long-term outlook justifies a buy position for now. Image Source: Zacks Investment Research ASML's dominance in the semiconductor manufacturing sector is unchallenged. The company maintains a near-monopoly on extreme ultraviolet (EUV) lithography, which is essential for producing advanced chips at 3nm and below. Its EUV systems are crucial for leading chipmakers such as TSMC, Samsung and Intel, positioning ASML as a key enabler of cutting-edge semiconductor manufacturing. ASML Holding's High-NA EUV technology represents the next frontier in chip manufacturing. Designed for sub-2nm nodes, these advanced systems will be critical for the industry's future. While the adoption of High-NA EUV has been slower than expected, the long-term potential remains enormous. As chipmakers ramp up production of smaller, more powerful chips, ASML's High-NA EUV tools will play a pivotal role, driving sustained demand. The company's technological superiority ensures high barriers to entry, giving it a competitive moat. With EUV technology being essential for advanced semiconductor fabrication, ASML Holding's dominance remains intact, supporting its long-term growth outlook. ASML Holding is well-positioned to capitalize on the artificial intelligence (AI) revolution, which is driving massive demand for advanced semiconductors. With AI workloads requiring cutting-edge GPUs, high-bandwidth memory and AI accelerators, the demand for smaller and more powerful chips is rising. This trend plays directly into ASML's hands, as its EUV and High-NA EUV machines are vital for manufacturing these advanced chips. As cloud providers, data centers and tech giants expand their AI infrastructure, ASML Holding's lithography tools will be in greater demand. This AI-driven semiconductor expansion ensures long-term growth tailwinds for ASML, making it a compelling buy. ASML Holding's first-quarter 2025 financial results demonstrated its resilience amid the ongoing macroeconomic uncertainties. The company posted €7.74 billion in net sales, marking a 46% year-over-year increase. Net income surged 92% to €2.36 billion, while earnings per share (EPS) grew 93% to €6.00, highlighting ASML's operational efficiency. ASML Holding N.V. price-consensus-eps-surprise-chart | ASML Holding N.V. Quote The gross margin expanded 300 basis points year over year to 54%, driven by strong cost management and improved productivity in its advanced lithography systems. This margin expansion reflects ASML's ability to maintain profitability, even in a challenging macro environment. ASML Holding's 2025 guidance also signals confidence in its future growth. The company expects 15% revenue growth for the year, driven by the rising demand for both EUV and DUV (deep ultraviolet) lithography systems. Additionally, ASML forecasts a 70-basis-point margin expansion in 2025, indicating higher profitability ahead. ASML stock currently trades in line with the sector. Its forward 12-month price-to-earnings (P/E) ratio of 26.37 almost matches the sector's average of 26.28. Image Source: Zacks Investment Research However, ASML Holding trades at lower P/E multiples compared with other semiconductor players, including Intel, NVIDIA and Advanced Micro Devices. Currently, Intel, NVIDIA and Advanced Micro Devices trade at P/E multiples of 41.68X, 30.57X and 26.75X, respectively. ASML's leadership in EUV technology, strong finances and role in powering future chipmaking keep it well-positioned for growth. With AI, high-bandwidth memory and advanced chips driving demand, ASML's tools will remain essential. The stock looks worth buying for long-term investors. ASML carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Connectez-vous pour accéder à votre portefeuille
