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Continental Aktiengesellschaft (CON.DE)
- Bloomberg
Europe’s Rubber Addiction Destroys Africa’s Tropical Forests
(Bloomberg) -- Europe’s demand for rubber to make tires and other products is destroying tropical forests across Africa and proposals from Brussels to limit environmental damage currently do little to address the problem.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsStocks Jump as Powell Soothes Wall Street’s Nerves: Markets WrapFed Hikes 75 Basis Points; Powell Says 75 or 50 Likely in JulyWorld’s Central Banks Got It Wrong, and Economies Pay the PriceAm
- EQS Group
Continental Reports Strong Tire Business in the First Quarter
DGAP-News: Continental AG / Key word(s): Quarterly / Interim StatementContinental Reports Strong Tire Business in the First Quarter 11.05.2022 / 08:30 The issuer is solely responsible for the content of this announcement. - Consolidated sales of €9.3 billion (Q1 2021: €8.6 billion, +8.2 percent) - Adjusted EBIT of €439 million (Q1 2021: €728 million, -39.8 percent)- Adjusted EBIT margin of 4.7 percent (Q1 2021: 8.5 percent)- Operating result of €375 million (Q1 2021: €663 million, -43.4 percent)
- Bloomberg
Microsoft, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns
(Bloomberg) -- Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to their homes.Most Read from BloombergBiggest Treasury Buyer Outside U.S. Quietly Selling BillionsEnd of Easy Money Brings a $410 Billion Global Financial ShockDip Buyers Save the Day as Stocks Finish Higher: Markets WrapCiti’s London Trading Desk Behind European ‘Flash Crash’
