Czech economy grew by 0.2% in Q1
The Czech economy recorded annual growth of 0.2 percent in the first quarter of this year and quarter-on-quarter growth of 0.3 percent, according to a refined estimate by the Czech Statistical Office (CSO). The original estimates at the end of April had predicted annual growth of 0.4 percent and quarter-on-quarter growth of 0.5 percent.
Weekly Economic Review
Waiting for fresh US inflation data:
- Important inflation data is expected this week, specifically the Personal Consumption Expenditure (PCE) price index, the Federal Reserve's (Fed) preferred inflation gauge.
- The data will be released on Friday and will be key in determining the future direction of interest rates.
Implications of the Fed minutes:
- Minutes… read more
Netlist prevailed in patent litigation against Micron: $445 million awarded
- Netlist's success: Netlist, a specialist in high-performance memory and storage solutions, has been awarded $445 million in damages in a lawsuit against Micron Technology. The damages cover the period from April 2021 to May 2024 for one patent and from August 2021 to May 2024 for a second patent.
- Repe… read more
Colt CZ Group SE: Year-on-year revenue growth, profit decline
- Revenue growth: Holding Colt CZ Group SE reported revenues of CZK 3.667 billion for the first quarter of this year, up 21.7 percent year-on-year. This growth indicates a positive development of the Group's business activities.
- Declining profits: The Armaments Group's adjusted net profit amounted to CZK 359.9… read more
ČEZ proposes dividend: 52 CZK per share
- The management of the CEZ energy group $CEZ.PR+1.0% presented a proposal to pay a dividend of 80% of last year's adjusted profit.
- The proposed dividend amount is CZK 52 per share, which would represent a total payout of CZK 28 billion.
- The final dividend amount will be decided by the company's general meeting in June.
- If the proposal… read more
ČSOB to publish first quarter 2024 results: what do you expect?
- Československá obchodní banka (ČSOB), one of the largest banks in the Czech Republic, will announce today its financial results for the first quarter of this year.
- Last year, the net profit of the ČSOB Group reached CZK 15.4bn, up 6% year-on-year. At the same time, the volume of assets under management of the… read more
INTERESTING FACTS AND STATISTICS ABOUT AI
- The AI market size is expected to reach $407 billion by 2027.
- By 2030, AI is estimated to have a 21% net increase in US GDP.
- More than 75% of consumers are concerned about misinformation from AI.
- Within the first five days of becoming available, ChatGPT had 1 million users.
- 64% of businesses expect AI to increase productivity.
-… read more
WHAT DO YOU THINK OF THIS MOVE BY $ARM?
-Arm Holdings $ARM-0.2% plans to develop artificial intelligence (AI) chips and bring the first products to market in 2025.
- Establishing a division: Arm Holdings will establish a division focused on developing AI chips, which will be based in the UK, while mass production is expected to begin in the autumn of that year.
MAKRO WINDOW
- Czech Banking Association (CBA) has improved its estimate of the domestic economy's growth this year to 1.4%.
- The CBA expects the economy to grow by 2.7 percent next year.
- Inflation should fall to 2.3% this year and remain similar next year.
- These figures are based on the CBA's macroeconomic forecast published today.
- In its February forecast, the CBA projected… read more
Abbott Laboratories beat expectations with a quarterly profit thanks to strong medical device sales.
Sales of glucose monitoring products were particularly strong.
An increase in demand for medical interventions supported overall growth.
Annual earnings of 98 cents per share beat analysts' estimates by 3 cents.
Abbott Laboratories $ABT+0.4% raised its full-year forecast to $4.55 to… read more
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