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ASML Requires License for Servicing Certain Equipment in China

ASML now needs a license to provide parts and software updates for Chinese customers, following new export restrictions. These restrictions are part of coordinated efforts...

German Machinery Manufacturers Expect Significant Production Decline This Year

German machinery production is forecast to fall by 8% in 2024, doubling the previous estimate of 4%. Weak demand from key markets such as the...

Dutch Household Consumption Grew in July at the Fastest Pace in Nine Months

Dutch household consumption increased by 1.1% in July, rebounding from June’s decline. This was the strongest rise in spending since October 2023 when expenditures grew...

Polish Government Expects Unemployment to Stabilize at 5%

Poland's unemployment rate is expected to remain steady at 5% in August, according to the Ministry of Labor. This would maintain one of the lowest...

European Commission Concerned About the State of the Automotive Industry

The European Commission (EC) is deeply concerned about the challenges facing the automotive industry, particularly regarding cost-cutting measures at Volkswagen. Commissioner Thierry Breton emphasized the...

Public Investments in the EU Should Not Be End in Themselves, Says Netherlands

The Dutch government agrees with parts of Mario Draghi's proposals for EU reforms, stressing that public investments must not be self-serving. The Netherlands supports European...

olkswagen Replaces CFO Amid Financial Challenges

David Powels, CFO of Seat, will replace Patrik Andreas Mayer as Volkswagen's new Chief Financial Officer. Mayer will transition to Seat in Spain, where Powels...

INSEE: Olympic Boost to French Economy Fades as Year-End Approaches

France's economic growth in Q3 2024, fueled by the Paris Olympics, is expected to slow down in Q4, with a projected contraction of 0.1%. Tourism...

Unions at Audi Brussels Plant Threaten Arbitration Over Possible Closure

Workers at Audi's Brussels plant threaten arbitration over the possible closure due to weak demand for the Q8 e-tron and high operating costs. Employees have...

Mass Protests Erupt Across France Over Macron’s Appointment of Barnier as Prime Minister

Paris, September 7 (FinanceFlashNews) — Tens of thousands of demonstrators took to the streets across France on Saturday to protest President Emmanuel Macron's decision...

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