SAP reported stronger-than-expected first-quarter revenue growth in its cloud division, beating analyst estimates. The results come as Europe's largest software company ramps up the integration of artificial intelligence agents across its platform. SAP CFO Dominik Asam joined Bloomberg's Opening Trade. (Source: Bloomberg)

Brent advanced for a fifth straight day, climbing above $105 a barrel as the impasse between Washington and Tehran over how to proceed with talks to end their eight-week conflict carried on. The dollar was on course for its first weekly gain this month. Treasuries eased, with the 10-year yield one basis point lower at 4.32%. While markets have whipsawed on geopolitical risks, corporate profits have remained strong. Nearly 80% of the US equity benchmark’s firms have beaten first-quarter earnings estimates so far, according to data compiled by Bloomberg. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

SAP SE reported revenue growth from its cloud services that beat analysts’ estimates after Europe’s biggest software company began integrating artificial intelligence agents into the service.

SAP SE has extended the contract of its Chief People Officer Gina Vargiu-Breuer months after internal criticism of her department over what many employees described as a flawed bonus system.

In this episode of "Bloomberg Tech: Europe," Bloomberg's Tom Mackenzie explores how Arm - the company behind the chips in most smartphones — is shifting into AI, cloud, and data centers. He sits down with CEO Rene Haas to discuss Arm’s strategy, the race for AI dominance, and what it means for the future of technology. Don’t miss this deep dive into one of tech’s most pivotal moves. "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)

SAP SE Chief Executive Officer Christian Klein said the defense industry has become the company’s fastest growing business line as military budgets soar around the world.

SAP SE’s Chief Executive Officer Christian Klein is setting up a new unit with hundreds of people to push the adoption of its artificial intelligence features and plans to overhaul how it charges clients as the technology threatens its legacy subscription model.

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board to focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board to focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

SAP SE’s new bonus system ended up rewarding underperforming managers while holding lower-ranking workers to a higher standard for their payouts, prompting an outcry from employees and leaders alike at the German software company, people familiar with the matter said.

SAP SE’s new bonus system ended up rewarding underperforming managers while holding lower-ranking workers to a higher standard for their payouts, prompting an outcry from employees and leaders alike at the German software company, people familiar with the matter said.

SAP SE’s investors and partners are raising doubts about a suite of artificial intelligence products that Europe’s most valuable software company is relying on to reignite growth and stay ahead of budding threats from large language models.

The Trump administration is reportedly preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair. Warsh, a former Fed governor and one of the four finalists on Trump’s shortlist to be the next central bank leader, is said to have visited the White House on Thursday. Gold and silver sold off heavily on the news, cooling a record-breaking rally. The Bloomberg dollar index climbed, gaining versus all its major peers, while the Treasuries drop was led by the long-end with 30-year yields jumping. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Siemens AG became Germany’s largest company by market value, overtaking SAP SE after the software firm’s shares plunged following a disappointing sales outlook.

US equity futures gain as large tech firms including Meta announce plans to spend more on AI. SAP and Microsoft lag as their cloud businesses disappoint. The dollar weakens amid debasement fears while gold extends its record rally. Oil prices rise as President Trump warns Iran of military strikes if a nuclear deal is not reached soon. Marija Veitmane of State Street and Joel Kulina of Wedbush discuss this earnings season. (Source: Bloomberg)

SAP SE shed €38.7 billion ($46.3 billion) in market value on Thursday after reporting disappointing financial results, knocking the software maker out of its place as Germany’s largest company.

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, President Trump has warned Iran to make a nuclear deal with the US or face military strikes even worse than last June, increasing pressure on the regime and propelling oil prices higher. Meta beat estimates, with its strong online ads business helping fund record AI investment. Meanwhile, Microsoft fell postmarket as underwhelming cloud sales took the shine off its capex spending. Deutsche Bank reported fourth-quarter fixed-income and currency revenue that beat estimates. Today's guests: Deutsche Bank CFO James Von Moltke & ABB CEO Morten Wierod. (Source: Bloomberg)

SAP SE shares fell the most in more than five years as current cloud backlog in the fourth quarter slipped to a level that Chief Executive Officer Christian Klein previously said would be a “disappointment,” adding to worries of how artificial intelligence will disrupt the software industry.

After years of eschewing big mergers, ServiceNow Inc. is on a deal spree. It has spent at least $12 billion this year on acquisitions or strategic investments.

SAP SE was sued by supply-chain artificial intelligence firm o9 Solutions Inc., which claimed three of its former executives stole trade secrets for the European software giant.