AI-generated summary
Samsung is benefiting from the global AI boom that is driving demand for memory chips. The group has repeatedly achieved record operating profits in recent quarters.
Samsung has forecast third-quarter operating profit of 107.4 trillion won, up nearly nine-fold, and revenue of 195 trillion won, the South Korean electronics giant said on Thursday. Analysts had expected revenue of 199.6 trillion won. Operating profit also beat analysts' estimate of 106.1 trillion won, data from LSEG showed. This is the fourth record quarterly profit in a row for the world's largest memory chip manufacturer in terms of sales. In the same period last year, the profit was 12.17 trillion won.
Samsung wants to distribute a record sum of 73 billion euros to its shareholders this year. The employees also benefit from the current success. They had secured significantly increased bonus payments in the spring. The company plans to present detailed business figures on October 29th.
AI outlook — possibilities, not facts
Samsung will distribute 73 billion euros to shareholders this year.
Very likely · Within months
Detailed business figures will be presented on October 29th.
Very likely · Within weeks

Galeria is facing another bankruptcy and a radical downsizing course. At least 30 of the 83 department stores are threatened. It is the group's fourth bankruptcy in six years.
German exports fell by 0.8 percent to 137.6 billion euros in August, while imports rose by 0.9 percent to 118.1 billion euros. This reduced the trade surplus to 19.5 billion euros. Trade with China in particular shows a growing gap: Although exports to China rose by 4.7 percent, imports increased even more. The BGA has revised its export forecast for the year slightly upwards, but warns of difficulties in the USA and China.

After three days of gains, the Dax fell by 1.3 percent to 25,104 points due to cautious investors ahead of quarterly financial statements, rising oil prices and high bond yields. On Thursday, the focus will be on German export data, US labor market figures and statements from ECB and Fed central bankers, while concerns about AI-related debt accumulation among tech companies are weighing on the Asian markets.

France has to raise almost 80 billion euros a year for interest on its national debt and, according to economist Ulrike Neyer, is considered the biggest problem in the euro area due to high debt, a weak economy and political instability. Experts warn of a vicious circle of rising interest rates and a weak economy, which could lead to a debt crisis in the long term.

According to the Ifo Institute, the fuel discount is not fully passed on to drivers. Economist Monika Schnitzer criticizes the measure as expensive and inefficient and calls on the federal government to introduce targeted payments to burdened households and to strengthen the Federal Cartel Office.

The European Court of Auditors warns in a new report that EU debt could rise to up to one trillion euros by 2027 and up to 93 billion euros could be spent on interest alone between 2028 and 2034. At the same time, he noted that 3.8 percent of budget spending last year was erroneous, equivalent to about 6.7 billion euros, stressing that this rate is not a measure of fraud or waste.