ROUNDUP 3: Facebook group Meta to pay 1.2 billion euros fine

DUBLIN - On the fifth anniversary of the General Data Protection Regulation (GDPR), U.S. Internet giant Meta has felt the strong hand of European data protection rules harder than ever before. The group was ordered to pay a record fine of 1.2 billion euros by the Irish regulator DPC in Dublin on Monday. The stock came under pressure in pre-market U.S. trading.

ROUNDUP/Trade dispute: Chinese authorities against chips of US company Micron

PEKING - China's regulatory authorities have warned against the use of components from U.S. chipmaker Micron because of alleged security risks. The products would pose significant security risks to the supply chain of the country's critical information infrastructure, the People's Republic's cybersecurity authority said Sunday.

ROUNDUP: JPMorgan benefits from First Republic bailout - but imponderables

NEW YORK - The acquisition of the collapsed First Republic Bank gives the largest U.S. bank JPMorgan a slightly more confident outlook for the current year. Net interest income excluding investment banking (Markets) should be around 84 billion U.S. dollars (77.7 billion euros) this year, although there are still imponderables, the institution announced Monday in New York in the course of an investor event. Previously, the forecast had been $81 billion. The medium-term effects are not yet fully determined. In addition, the bank commented on the costs accruing this year for the integration of the U.S. regional bank. JPMorgan shares were up slightly in premarket trading

ROUNDUP: Ryanair expects passenger numbers to rise - Boeing deliveries risk

DUBLIN - Low-cost carrier Ryanair expects passenger numbers to rise in its current fiscal year, as well as strong demand in the key summer travel season. Passenger numbers in 2023/24 (as of the end of March) are expected to rise by ten percent to 185 million, the company announced in Dublin on Monday. However, this figure could also be slightly lower due to the postponement of aircraft deliveries by manufacturer Boeing.

ROUNDUP: Continental sells plant in Russian Kaluga

HANNOVER/KALUGA - Automotive supplier and tire manufacturer Continental has taken an important step forward in its planned withdrawal from Russia. The plant in the city of Kaluga, which employs 1100 people, has been sold to Russian company S8 Capital, the DAX-listed corporation announced in Hanover on Monday. Like many other companies, Conti's decision was a reaction to the Russian war of aggression against Ukraine.

BVB boss Watzke appeals to team: pull through another week

AUGSBURG - With words of encouragement, BVB boss Hans-Joachim Watzke has put Borussia Dortmund in the mood for a furious season finale. "We have to pull off another week. Regardless of losses," the Dortmund CEO appealed to his team after the Black and Yellows took the lead in the Bundesliga standings with a 3-0 win at Augsburg on Sunday.

Dortmund coach Terzic: 'We're not done yet'

AUGSBURG - Coach Edin Terzic used emotional words to emphasize the importance of the German championship title for Borussia Dortmund and appealed to the honor of his players. "In seven days the season will be over. Then the guys - they all earn good money - can buy everything they want again. The next car, the next house, the next vacation - but you can't buy these moments," Terzic told DAZN after BVB's 3-0 win at FC Augsburg on Sunday. The away win means Dortmund is once again top of the table ahead of the final matchday, two points ahead of reeling record champions Bayern Munich.

New home loan business slumped by almost half

BERLIN - Rising interest rates continue to weigh heavily on demand for residential real estate loans. In the first quarter, the new business of the real estate financiers that are members of the Association of German Pfandbrief Banks (vdp) slumped by 49.2 percent to 16.3 billion euros. A year ago, there had been a record quarter with a good 32 billion euros, as many people quickly took out residential real estate loans in anticipation of rising interest rates.

Digital Minister Wissing against levy on telecommunications network operators

BERLIN - Digital Minister Volker Wissing does not want big tech companies such as Google, Amazon, Apple, Netflix or Meta to contribute to the expansion costs of telecom networks in Europe. "The free and open Internet is a valuable asset that must be protected," the FDP politician told the Welt am Sonntag newspaper. He was therefore "against market interventions and complicated participation models".

From sales star to bogeyman - Adidas loses Kanye West problem

HERZOGENAURACH - Once upon a time, Adidas celebrated rapper Kanye West as a brilliant designer - and, above all, as a revenue generator the likes of which had hardly been seen in Herzogenaurach before. He got "wide-eyed," admitted Group CEO Bjorn Gulden, when he was still at rival Puma and saw what was going on at Adidas and the U.S. musician. Until the musician's public statements became more and more extreme, his behavior toward employees more and more outrageous, and the pressure on Adidas greater and greater. In October 2022, things finally broke down: West had to leave, but the problems he had caused, along with a huge pile of lifestyle products he had designed, remained.

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Further messages

-Decreasing construction activity causes problems for parquet manufacturers

-Storage association Ines: Gas storage is not enough for hydrogen volume

-Survey: AI overtakes Metaverse as technology of the future

-Lauterbach hopes for basic agreement on hospital reform by summer

-Lidl boss believes in agreement with Haribo

-SPD leader Klingbeil wants to put pressure on industrial electricity prices

-Soder pushes for industrial electricity price

-VVB coach Terzic praises double-goal scorer Haller: 'A pure miracle

-Medical technology industry with concern and a bit of optimism

-Dortmund keeper Kobel wants to break Bayern dominance: 'It's about time'

-Tourism industry calls for more speed in visa procedures

-Businesses fear energy prices and shortage of skilled workers

-Workshop chain ATU back on the phone after cyber attack

-Regional thousands of transport applications for wind turbine construction unprocessed°.

Customer Notice:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

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