In recent weeks, Exor, the Amsterdam-based investment company of the Italian Agnelli family, has significantly increased its stake in Philips. Exor now holds 17.5% of the shares, making it by far the largest shareholder in the medical technology company. A spokesperson for Exor confirmed the move, describing it as a sign of confidence in Philips’ management and the long-term prospects of the sector in which the Dutch company…

Elon Musk’s aerospace company, SpaceX, has been entrusted with the critical task of safely deorbiting the International Space Station (ISS) in the coming years. This contract, awarded by NASA, involves the development and construction of a deorbit vehicle designed to facilitate the controlled descent of the ISS from orbit, ensuring it burns up in the atmosphere. The primary method for deorbiting such a large complex involves decelerating the…

Microsoft is at risk of a hefty fine if it cannot address the European Commission’s antitrust concerns. The potential fine could reach up to 10 percent of the company’s global annual revenue, which underscores the seriousness of the situation. The controversy centers around Microsoft bundling its Teams communication software with its popular office software suites, which include Word, Excel, and Outlook. This bundling practice left customers without the…

Fast-charging company Fastned has successfully raised €32.9 million by issuing new bonds to private investors, the company announced after the market closed on Monday. These bonds, which come with a five-year term, offer an attractive 6% coupon rate. A significant portion of the funds raised, amounting to €12.3 million, came from existing investors who chose to extend the maturity of bonds they already held. This move highlights the…