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World Coronavirus Dispatch: Record surge reaches oldest populations in US

German firms turn pessimistic on economic recovery, pharmacies see record flu shot demand, Rolls-Royce prepares temporary closures and other pandemic-related news across the globe


Photo: Bloomberg

Yuvraj Malik New Delhi
SAP’s disappointing results are a warning for tech earnings: Dire earnings results at SAP wiped out more than 35 billion euros ($41 billion) from the German software company’s market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry. SAP, one of Europe’s largest tech companies, cut its revenue forecast for the full year and said it expected the fresh wave of Covid-19 lockdowns to hurt demand through the first half of 2021. The results caused shares to fall the most ever in a single day. SAP’s collapse caused the

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First Published: Oct 27 2020 | 2:01 PM IST

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