Relaxed supply chain problems ensure a jump in sales at Drägerwerk
LÜBECK – Thanks to better delivery capability, the medical and safety technology group Drägerwerk has jumped in sales in the second quarter and made operational profits again. Currency-adjusted revenue rose by more than a fifth to around 771 million euros compared to the same period last year, as the company, which is listed in the SDAX small-cap index, surprisingly announced on Friday evening in Lübeck. In terms of earnings before interest and taxes (EBIT), Drägerwerk was back in the black: for the second quarter, operating profit totaled around 19 million euros after an operating loss of 76.6 million euros in the same period of the previous year.
FTC also loses in appeals court in dispute over Activision deal
WASHINGTON – Microsoft is closing in on buying video game giant Activision Blizzard. A US appeals court also dismissed the FTC’s request to block the takeover with an injunction on Saturday night. The last hurdle for the 69 billion US dollar (61 billion euro) deal is the resistance of the competition authorities in Great Britain.
Roche files lawsuit against Biogen in US over generic Actemra drug
ZURICH – The Swiss pharmaceutical company Roche, together with its subsidiaries Chugai and Genentech, has filed a lawsuit in the USA against the US biotech company Biogen. Roche accuses the competitor of infringing several of its US patents in a license application for the production of a biosimilar to the drug Actemra.
Press: UBS plans to wind down in two stages
ZURICH – According to a press report, the Swiss bank Credit Suisse (CS), which was taken over by its domestic competitor UBS, is said to be experiencing a large wave of layoffs in September. According to the “SonntagsZeitung”, 30 percent, corresponding to a good 10,000 jobs, would have to be cut in the short term. In doing so, UBS boss Sergio Ermotti is reacting not least to a slump in sales at the bank that was taken over. Because since it became known that Credit Suisse will probably no longer exist in its previous form, there has hardly been any new business.
Tesla builds first ‘cybertruck’ pickup in Texas
AUSTIN – Tesla has started production of its electric pickup truck “Cybertruck” almost four years after the presentation. Tech billionaire’s Elon Musk managed group announced the construction of the first vehicle in a tweet over the weekend. However, mass production is not expected until next year.
Amazon wants to replace its internet satellites every seven years
SEATTLE – Amazon prepares to completely replace the more than 3,200 satellites in its Kuiper space internet project every seven years. A longer service life is not possible given the extreme conditions in space, said Kuiper product manager Naveen Kachroo of the German Press Agency.
Smooth holiday traffic at airports – strikes in Italy
SCHÖNEFELD – So far, travel during the holidays has been running at major German airports without any major difficulties. At the start of the holidays in Berlin and Brandenburg, things went smoothly at the capital’s airport BER this weekend, as a spokesman said. Service providers and the airport company were well positioned. Around 80,000 people flew over Schönefeld on Friday, and around 70,000 travelers on Sunday, the second busiest travel day at the start of the holiday. Overall, the operators expect 3.5 million passengers during the summer holidays, around half a million more than in the previous year.
Musk: Twitter ad revenue halved
SAN FRANCISCO – Twitter’s advertising revenues remain low even after an industry expert has been appointed as the company’s CEO. Ad revenue is about half what it used to be, Twitter owner Elon Musk admitted in a tweet over the weekend. In view of the high debt, the bottom line is that more money is flowing out than coming in.
Study: Interest rates boost bank profits
MUNICH – The rapid rise in interest rates over the past year has boosted the profits of European banks, according to a study. The operating results of private customer banks in eleven European countries increased by an average of 18 percent in 2022, and sales by 8 percent. In Germany, however, the average bank is still far less profitable than in the rest of Europe. This was the result of the analysis of the European banking sector, which the management consultancy Strategy& published on Sunday in Munich.
ROUNDUP: Market for used electric cars is not progressing
FLENSBURG – Electric cars are not making headway on the German used car market. At 1.25 percent in the first half of the year, their share in the transfer of ownership has even fallen slightly compared to the same period last year, according to statistics from the Federal Motor Transport Authority. If you don’t take the proportion but the pure number, the decline of more than 10 percent to 37,600 is even clear.
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Additional Reports
-‘Village Romance’ is ‘Game of the Year 2023’
-British FA warns of hike in immigrant fees
-Putin talks to South Africa’s President about grain deals
TV ratings: ZDF Saturday thrillers are ahead
-Nabu calls for effective measures for more climate protection
-Significantly fewer funding applications for heat pumps in the current year
-Kosovo buys drones in Türkiye
-Sanctions officer: German components in Russian projectiles
-Maguire no longer captain at Manchester United
-Broadcast report: HR controller criticizes ‘talk’ by country heads
-Michael Bröcker leaves the editor-in-chief of ‘The Pioneer’
-Passenger Association: Further train strikes not good for the traffic turnaround
-Holetschek wants a nationwide network for long-Covid sufferers
– BSI boss does not rule out security labels for AI
-Flood Survey: Many Homeowners Financially Unprepared°
Customer note:
ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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