Deutsche Telekom Q1 Profit Surges, Lifts FY22 Earnings View

Deutsche Telekom AG on Friday raised its fiscal 2022 adjusted earnings forecast after reporting significantly higher net profit in its first quarter. Shares of the German telecom major were gaining around 1 percent in the morning trading in Germany. For fiscal 2022, the company now expects to post adjusted EBITDA AL of more than 36.6 billion euros, higher than previous […]

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Malaysia Central Bank Lifts Rate For First Time Since 2018

Malaysia’s central bank raised its key interest rate for the first time since 2018 citing rising inflationary pressures amid the war in Ukraine and strained supply chains. The Monetary Policy Committee of Bank Negara Malaysia decided to increase the benchmark Overnight Policy Rate by 25 basis points to 2.00 percent from a record low. The ceiling and floor rates of […]

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Fraport Stock Down On Wider Q1 Net Loss; Backs FY22 Profit View

Shares of Fraport Group were losing around 5 percent in the morning trading in Germany after the airport operator reported Tuesday wider net loss in its first quarter, despite significantly higher revenues. Fraport’s home-base hub Frankfurt Airport or FRA’s passenger traffic grew more than 100 percent. Further, the company maintained its outlook for 2022, expecting clearly positive net result. Fraport […]

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U.S. Weekly Jobless Claims Rise More Than Expected To 200,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended April 30th. The report showed initial jobless claims rose to 200,000, an increase of 19,000 from the previous week’s revised level of 181,000. Economists had expected jobless claims […]

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Australia’s falling real wages will help fight inflation

The media always portray an increase in interest rates as terrible news – and it’s hardly surprising that’s how Anthony Albanese sees it – but Scott Morrison is right in saying rising interest rates are a sure sign of a strong economy. Rates fall or stay low when the economy is weak, but rise when the economy’s strong growth threatens […]

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Volkswagen Q1 Profit Climbs, Deliveries Down; Sees Higher Revenues In FY22

German automaker Volkswagen AG reported Wednesday significantly higher profit in its first quarter, while sales revenues were nearly flat and deliveries declined due to parts and supply shortages amid the ongoing Russia-Ukraine conflict. Looking ahead for fiscal 2022, the company projects higher sales revenue and vehicle deliveries. In Germany, Volkswagen shares were losing around 1 percent. The company sees 5 […]

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TeamViewer Q1 Profit Surges; Backs FY22 Sales Outlook

TeamViewer AG (TMVWY.PK), a German technology firm, known for its remote access software, on Wednesday posted a significant surge in earnings for the first quarter, amidst a rise in billings, decline in expenses. In addition, for the fiscal 2022, the company has reaffirmed its sales guidance. For the first quarter of 2022, TeamViewer reported a profit of 14.69 million euros […]

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This Is the Hottest Place in the World

Parts of India and Pakistan are sweltering under record temperatures now. The conditions have threatened a broad range of long-term damage, from includes human health to crops. Dr. Chandni Singh, Intergovernmental Panel on Climate Change lead author and senior researcher at the Indian Institute for Human Settlements, told CNN: “This heatwave is definitely unprecedented. We have seen a change in […]

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French Economy Unexpectedly Stagnates In Q1

France’s economy stagnated in the first quarter of this year, defying expectations for a modest growth, amid a sharp fall in consumption and slower investment growth as the war in Ukraine and rising inflationary pressures damped activity. Gross domestic product was unchanged from the fourth quarter when the economy expanded 0.8 percent, revised from 0.7 percent, preliminary data from the […]

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Treasury Inflation-Protected Securities (TIPS)

As stock market volatility heats up, some investors are looking for more stable investments, including Series I savings bonds, or I bonds. Investors have bought more than $11 billion of these bonds over the past six months, compared with around $1.2 billion during the same period in 2020 and 2021, according to the Treasury Department. The bonds currently pay 7.12%, but are set […]

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