Economy

Applied Materials to invest $4 billion in US research center

EditorialTeam

Applied Materials, the world's largest manufacturer of tools used in chipmaking, plans to invest up to $4 billion (CZK 87.8 billion) in a research...

US firm Oneok to buy pipeline operator Magellan for $18.8bn

EditorialTeam

US natural gas transportation company Oneok is to buy US pipeline and other product line operator Magellan Midstream Partners. The $18.8 billion deal, which...

Bitcoin fell to a near two-month low near $26,000

EditorialTeam

The bitcoin price plunged today to a nearly two-month low of nearly $26,000. The most famous cryptocurrency has been weakening for longer, with its price...

According to Nagel, inflation in the eurozone, while falling in recent months, remains too high. The European Central Bank (ECB) raised its key interest rate by a quarter of a percentage point to 3.75 percent last week.

Eurozone has not yet won the fight against high inflation, Bundesbank chief says

EditorialTeam

Further interest rate hikes will be necessary to combat high inflation in the eurozone. This was stated by the head of the German central...

PPF increases stake in German media company ProSiebenSat.1 to 13.1 percent

EditorialTeam

PPF Group has increased its stake in German media company ProSiebenSat.1 Media from 12 percent to 13.1 percent. Reuters reported this, citing a filing to...

Adidas slightly decreased sales, the company is still dealing with the end of cooperation...

EditorialTeam

Sales of the German sports footwear and clothing manufacturer Adidas in the first quarter fell by one percent year-on-year to EUR 5.27 billion (CZK...

The bank has done well in bonds, commodities and currencies. Traditional investment banking and corporate advisory also performed well, as did private banking, which benefited from higher interest rates.

BNP Paribas doubles profit in the quarter thanks to the sale of its US...

EditorialTeam

French bank BNP Paribas has more than doubled its net profit year-on-year in the first quarter to EUR 4.44 billion (CZK 95 billion). It...

BP oil firm’s quarterly profit falls to $5bn, but beats estimates

EditorialTeam

British oil company BP's first-quarter net profit fell to $5 billion (CZK 107 billion) from $6.2 billion a year ago.The company also said in...

Inflation in the Eurozone rose slightly in April, reaching seven percent

EditorialTeam

The annual inflation rate in the euro area rose slightly in April to seven percent after five months of decline. This was quickly estimated today...

The eleven profitable quarters is the longest streak in positive numbers in at least a decade. "We have worked hard to achieve this stability," Deutsche Bank CEO Christian Sewing told employees in an internal memo.

Deutsche Bank boosts quarterly profit by eight percent thanks to higher interest rates

EditorialTeam

German financial institution Deutsche Bank increased its first-quarter profit by eight percent to 1.3 billion euros (CZK 30.5 billion). Revenues from higher interest rates...