In the world of SAP $SAP (-1.76%) Executive Board salaries are rising sharply, mainly due to a booming share price. CEO Christian Klein earns 19 million euros, a large part of which is based on performance targets linked to turnover and the share price. Chief Financial Officer Dominik Asam earns 3.2 million euros, while Thomas Saueressig receives 8.2 million euros for the Consulting & Customers division.
At Beiersdorf $BEI (-0.74%) the core brand Nivea remains strong, with sales of 5.6 billion euros and organic growth of 9 percent. However, the luxury brand La Prairie is struggling in China with a 6.2 percent decline in sales. Tesa recorded slight growth of 1.9 percent to 1.7 billion euros, while the return on sales could fall slightly.
Amazon $AMZN (-1.56%) unveiled a new quantum computing chip called Ocelot, which makes error correction more efficient and could reduce costs by up to 90%. In contrast to competitors such as Google and Microsoft, Amazon is focusing on integrating error correction directly into the chip architecture instead of just increasing the qubit count. The prototype could accelerate the development of more resource-efficient quantum computers in the future.
Source: