Amazon sales slowed, but margins surged, during the first quarter. Photo: Shutterstock.com/Jonathan Weiss
Huawei on its ownership, Macron on the Gilets jaunes and the ECB on Degroof Petercam. Delano’s breakfast briefing for Friday.
Amazon posts 4th consecutive quarter of record profits
The online retailer and cloud computing provider Amazon reported that its first quarter net income more than doubled, from $1.6bn to $3.6bn year-on-year, while revenue rose 17%. The company said it would cut delivery times for its Prime membership customers from 2 days to 1 day worldwide. Reported by the BBC, Financial Times and Reuters.
Microsoft revenue up 14%; market value briefly hits $1trn
The tech giant Microsoft reported better-than-expected quarterly sales and profits, and briefly reached market capitalisation of $1trn. Reported by the BBC, Guardian and Marketwatch.
The European Central Bank is scrutinising the results of a money laundering audit of Degroof Petercam, a Belgian private bank, by Belgium’s central bank, reported Reuters.
Macron wants €5bn tax cuts
Emmanuel Macron, the French president, promised to cut income taxes, raise pension payments and enact other reforms in response to months of anti-government Gilets jaunes (yellow vest) protests. Reported by the AFP, Financial Times and Guardian.
Biden makes bid
Joe Biden, the US vice president under Barack Obama, entered the 2020 presidential race. Reported by the Associated Press, BBC and Reuters.
Trump’s chief of staff bars subject of Russian from meetings
Kirstjen Nielsen, who recently resigned under pressure as US homeland security secretary, was told not to discuss potential Russian meddling in 2020 elections with Donald Trump, according to the New York Times.
WHO recommends restricting screen time for under-5s
The UN’s health agency said infants under 12 months should not be exposed to electronic screens at all and children ages 2 to 4 should be limited to one hour a day at the very most, per DW, the Guardian and the Telegraph.
Mobility: Transport authorities will outline construction plans for Luxtram around the central train station. Earnings:Deutsche Bank announces quarterly results.
22m year old giant carnivore fossils found in museum drawer
Fossils of Simbakubwa kutokaafrika (“big lion from Africa” in Swahili) were unearthed about 40 years ago but only recently identified after a visiting scholar found them in a drawer. The predator “roamed what is now Kenya around 22 million years ago and was probably larger than a polar bear” said Nature. Also reported by Euronews and National Geographic.