As we do every Sunday, here are the top news stories from the past week:
Tuesday:
Now that Terminal 3 at Frankfurt Airport is finally open, Terminal 2 is closing. The terminal is set to undergo a major renovation that will last for many years. This means that $FRA (+5.88%) Fraport, the airport’s maximum capacity will likely not be fully utilized for the time being.
Wednesday:
The German robotics startup secures the largest funding round ever in Germany. The startup raises $1.4 billion and is valued at $7 billion. Investors include $NVDA (+0.19%) NVIDIA, $AMZN (+0.17%) Amazon, $USDT (-0.17%) Tether, and $QCOM (+5.14%) Qualcomm.
The $FRAS (+2.43%) Frasers Group is making a bid for $BOSS (-0.01%) HUGO BOSS and is offering 38 euros per share. That’s not much above the current market price. We’re eager to see how this plays out.
Thursday:
For the first time in three years, the ECB is raising interest rates again to 2.25%. The main reason is the rise in energy prices due to the war in Iran. This is a disservice to the eurozone economy. However, it brings the ECB closer to its goal of combating inflation above 2%.
Friday:
$SPCX (-19.72%) SpaceX successfully goes public and debuts on the stock market with a higher valuation than Meta. All this despite annual revenue of just 16 billion euros and an annual loss of about 4.5 billion euros. Apparently, however, investors see enormous growth potential. That is the only way to justify this valuation.
