The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
FRANKFURT, May 9 (Reuters) - Deutsche Telekom reported a 4 percent gain in first-quarter core profits on Thursday as its U.S. unit T-Mobile again outperformed, and confirmed its revenue guidance for this year.
Europe's largest telecoms company reported adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) of 5.94 billion euros ($6.65 billion), just shy of the average in its own poll of analysts.
After adjustments, mainly for the impact of takeovers in Austria and the Netherlands and for changes in lease accounting, first-quarter EBITDA was ahead by 8.3 percent. On an organic basis, stripping out currency effects, EBITDA rose 3.9 percent.
Bonn-based Deutsche Telekom confirmed its forecast for full-year EBITDA of 23.9 billion euros and free cash flow of 6.7 billion.
($1 = 0.8938 euros)
(Reporting by Douglas Busvine Editing by Thomas Seythal)