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Airports Hit by 2-Day Strike in Wage Dispute

Germany's Munich and Hamburg airports were hit by strikes by public sector union Verdi on Thursday and Friday, with airlines cancelling about 80% of flights in Munich. The strikes, which have disrupted travel plans for almost 300,000 passengers, are part of a broader trend of labor disputes affecting Germany's transportation sector. The unions' demands for better wages and working conditions are seen as a response to rising inflation and economic pressure.

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Airport Strike Freezes German Air Travel on Monday Δ1.93

More than half a million people are facing travel disruption at German airports on Monday where a 24-hour strike has led to thousands of flight cancellations in a dispute about workers' pay. The strike, called by the Verdi union, impacts 13 airports across the country and affects passenger flights nationwide. Airport operators have been forced to cancel or postpone flights due to the strike's impact on their operations.

Airports Are Paralyzed: Strikes Bring Travel Ground to Halt Δ1.91

Hundreds of flights have been cancelled across Germany as airport workers stage a nationwide strike over pay, posing a major disruption for air travellers. Passengers at Frankfurt, Munich, Berlin and other major hubs have been urged not to travel to airports, with operations severely disrupted. The industrial action has brought air traffic at Hanover Airport to a standstill and caused problems with luggage returns.

Early Strike at Hamburg Airport Disrupts Travel Plans Δ1.91

Nearly 300 flights were cancelled at Hamburg airport on Sunday due to a surprise strike by ground handlers ahead of wider strikes planned across Germany on Monday. The Verdi trade union, representing airport ground handling staff and public sector workers, is demanding an 8% wage hike, or an increase of at least 350 euros per month, as well as higher bonuses and additional time off. The action has severely disrupted plans for families trying to travel during local spring holidays.

Threats at Transportation Hubs Pose National Security Concerns. Δ1.73

Police evacuated Vienna's main train station on Monday over an unspecified threat, halting rail traffic before giving the all clear around 90 minutes later. The police did not describe the threat, but some Austrian media said it was a bomb threat, echoing a series of empty bomb threats in Austria last year that prompted the clearing of larger stations and delays to train traffic. National rail company OBB warned continued delays and cancellations were expected as the station reopened.

FAA Steps Up Scrutiny of Small Planes After Near-Miss Incident Δ1.72

The Federal Aviation Administration is taking steps to address safety issues involving general aviation and business jets after a serious near-miss incident in Chicago, where a Southwest Airlines plane was forced to abort a landing due to the unauthorized presence of a business jet on the runway. The FAA's actions come amid a series of troubling incidents that have raised concerns about U.S. aviation safety and the strain on understaffed air traffic control operations. By implementing new measures to remind pilots of their responsibilities, the FAA aims to prevent future close calls and ensure the collective effort required for safety.

Musk's SpaceX Starship Explosion Disrupts 240 Flights Δ1.70

The U.S. FAA reported that a recent explosion of a SpaceX Starship spacecraft disrupted approximately 240 flights, with space debris concerns requiring more than two dozen planes to divert. The incident resulted in significant delays and diversion of aircraft, highlighting the risks associated with space exploration. The FAA issued ground stops for four Florida airports and required SpaceX to perform a mishap investigation into the loss of the Starship vehicle.

Farmers Clog Border Crossing to Protest Non-Eu Imports Δ1.70

Czech and Slovak farmers disrupted operations at a border crossing to protest against cheaper imports coming from non-EU markets like Ukraine and South America, with demands for EU agriculture protection and reduced bureaucracy. The protests, which included farmers from Hungary and Austria, targeted an agreement between the EU and South America's Mercosur bloc struck in December. Farmers face unfair disadvantages over standards and bureaucracy, they claim.

US Factory Orders Rebound Amid Commercial Aircraft Surge Δ1.69

Factory orders for U.S.-manufactured goods rebounded in January, driven by a surge in commercial aircraft bookings. However, the broader manufacturing sector's recovery is likely to be hampered by tariffs on imports, which are expected to increase production costs and reduce demand. The resilience of factory orders is a positive sign for the economy, but concerns about the impact of trade tensions on business spending plans remain.

Railway Accountability Initiative Rolls Out Across England Δ1.69

Millions of passengers will see train cancellation and delay data published prominently at over 1,700 railway stations in England from Thursday. The data will update every 28 days showing statistics for the most recent month in a bid to increase transparency and hold operators to account. Between 1 July and 30 September 2024, 4.2% of train services were cancelled and only 67.7% of services were on time.

Greece Faces Social Unrest After Deadly Train Crash Protest Δ1.69

Protesters in Greece are taking to the streets once again, this time over a 2023 train crash that killed 57 people, most of them students. Tensions between demonstrators and police have escalated into violent clashes, with riot police using force to disperse crowds. The government's handling of the crisis is under scrutiny, with opposition parties calling for a censure motion against the centre-right administration.

Delta Flight Returns Due to 'Smoky Odor' Detected in Cabin After Takeoff Δ1.69

A Delta flight returned to Boston Logan International Airport shortly after takeoff due to a reported "smoky odor" detected in the cabin, with all 92 passengers on board safely disembarking. The incident occurred on a flight operated by an Airbus A220, which had just taken off from Boston and was en route to New Orleans when the crew reported fumes in both the cockpit and cabin. Delta has assured that no injuries were sustained during the incident.

German Inflation Fails to Slow After France and Italy Undershoot Δ1.69

German inflation unexpectedly remained unchanged in February, highlighting the challenges for the European Central Bank in deciding how quickly and how far to cut interest rates. The unexpected slowdown in inflation leaves policymakers with a difficult decision about how much to ease monetary policy. Consumer prices increased 2.8% from a year ago, which is still higher than the ECB's 2% goal.

DHL to Cut 8,000 Jobs as Part of $1.1 Billion Cost-Saving Strategy Δ1.69

DHL has unveiled plans to cut about 8,000 jobs in Germany this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the logistics group reported a 7% fall in annual operating profit. The job cuts, representing more than 1% of the total workforce, will occur in the Post & Parcel (P&P) Germany division through attrition, rather than compulsory redundancies. This move is part of a broader effort to address cost inflation and declining letter volumes.

Us Space Traffic Management Efforts Under Threat Δ1.69

The Trump administration's layoffs of employees building a system to manage satellite traffic in space threaten to undermine efforts to complete an air traffic coordination system for space. Roughly a third of NOAA's Office of Space Commerce staff were given notice of their termination, complicating the migration of alerting duties out of the Pentagon. The layoffs may cause confusion among early users of the system and trigger major delays in getting spacecraft approved for launch.

Russian Drone Strike Hits Medical Facility, Other Targets in Kharkiv, Mayor Says Δ1.69

A Russian drone strike hit a medical facility and other targets late on Friday in Ukraine's second-largest city, Kharkiv, injuring at least five people, local officials said. Regional governor Oleh Syniehubov reported that eight Russian drones had struck civilian areas in three central districts of the city, with dozens of buildings damaged and fires triggered by the strike. The attack also injured an additional two people in a separate drone strike in the Black Sea port of Odesa.

US Labor Department Reinstates Workers Targeted in Trump Job Cuts, Union Says Δ1.69

The U.S. Department of Labor has reinstated about 120 employees who were facing termination as part of the Trump administration's mass firings of recently hired workers, a union said on Friday. The American Federation of Government Employees, the largest federal employee union, said the probationary employees had been reinstated immediately and the department was issuing letters telling them to report back to duty on Monday. This decision reverses earlier actions taken by the Labor Department, which had placed some employees on administrative leave.

Heathrow Mulls Shorter Third Runway to Cut Expansion Costs, FT Reports Δ1.69

Heathrow Airport is considering changes to its previous expansion blueprint to reduce costs, exploring options such as a shorter third runway. The airport's CEO had previously stated that a proposal for the third runway would be submitted this summer, with the goal of operational completion by 2035. This move aims to avoid diverting London's M25 motorway through a tunnel and instead expand to the northwest.

European Companies Scramble to Adapt to Trump Tariffs, Plan Supply Chain Adjustments Δ1.68

European firms are scrambling to adapt to U.S. trade tariffs that have become a blunt reality, with a second barrage expected next month. Companies from Swiss chocolatiers to German car parts makers are shifting production lines, sourcing materials locally, and negotiating with customers to mitigate the impact of the tariffs. The EU is urging unity in the face of the threat, while some see an opportunity for logistics companies like Kuehne und Nagel.

Trump Policies Cause Global Starlink Contraction Δ1.68

The cancellation of Ontario's $100 million Starlink deal by Premier Doug Ford is a significant setback for SpaceX, following Italy's decision to reconsider its $1.6 billion contract due to the White House's shift in NATO and European security commitments. The Trump administration's policy changes have caught many allies off guard, leading to re-evaluation of partnerships with companies like SpaceX. Ontario's move may be a small but instructive example of how US tariffs can impact international business.

Gatwick: Why Is It so Hard to Move a Runway 12 Metres? Δ1.68

Gatwick Airport's plans to expand its runway by just 12 meters may seem straightforward, but the process is being bogged down by protests, politicking, and planning complexities that threaten to delay or even block the project. The government has given tentative backing for the £2.2bn scheme, but strong opposition from local residents, climate campaigners, and politicians means that it's unclear when - or if - the runway will be ready. Despite the public's concerns, the UK government seems determined to push ahead with the expansion.

Fedex Plane Engine Fire, Emergency Landing to Be Investigated by Faa and Ntsb Δ1.68

The Federal Aviation Administration and National Transportation Safety Board are investigating an emergency landing of a FedEx Boeing 767 cargo plane that caught fire after striking a bird while departing Newark Airport, New Jersey. The plane, Flight 3609, made a safe landing nine minutes later with one engine on fire. The incident highlights the risks associated with bird strikes, which can have serious consequences for aircraft safety.

Border Clash Leaves Thousands Stranded Δ1.68

The recent closure of the Torkham border crossing between Pakistan and Afghanistan has led to clashes between Pakistani and Afghan security forces, killing at least one combatant and injuring several. The dispute over the construction of a border-area outpost has caused thousands of trucks carrying essential goods to be stranded, sparking concerns about economic losses due to the prolonged closure. Traders are worried that the situation could exacerbate the humanitarian crisis in Afghanistan.

Germany's Greens May Refuse to Back Merz in Threat to Massive Debt Plans Δ1.68

Germany's Greens are signaling potential refusal to support Friedrich Merz's plans for a significant increase in state borrowing, with concerns rising over the approval process as negotiations progress. The proposed reforms include a special 500 billion euro infrastructure fund aimed at revitalizing the economy, but the Greens demand more climate protection measures to be integrated into the plans. As the political landscape shifts with an incoming parliament, the dynamics between Merz, the Greens, and other coalition partners could complicate the path to passing these crucial measures.

German Industrial Production Rises, But Exports Fall Δ1.68

German industrial output experienced a 2.0% increase in January, yet exports declined by 2.5%, highlighting the significant challenges the new government faces in revitalizing the economy amidst geopolitical uncertainty. Despite the rise in production, which surpasses prior quarter averages, concerns persist over the overall stagnation in the industrial sector, as production remains approximately 10% below pre-pandemic levels. Analysts remain cautious, emphasizing that while the rise in production may indicate a potential bottoming out of the industrial slump, a substantial recovery is not yet assured.

Deutsche Lufthansa Full Year 2024 Earnings: EPS Beats Expectations Δ1.68

Deutsche Lufthansa's full-year 2024 earnings report revealed a revenue growth of 6.1% year-over-year, surpassing analyst estimates, and an earnings per share (EPS) beat by 34%. The airline company's net income declined by 28% compared to the previous year, while its profit margin decreased to 3.7%. Despite this, Deutsche Lufthansa's EPS growth suggests that the company is adapting to changing market conditions.