German trade union calls for Lufthansa ground staff strike
Verdi, a major German trade union, has called for a Lufthansa ground staff strike in Germany on March 7 and 8, potentially causing delays and cancellations. The strike is part of ongoing negotiations for pay raises, with around 25,000 employees represented by the union seeking a 12% increase or a minimum of €500 per month. The strikes have disrupted flights and drawn criticism from Lufthansa, with the upcoming strike tailored to impact passenger flights. The fifth round of talks is scheduled for March 13 and 14, with no signs of a breakthrough in negotiations.
Altcoins Surge 28% in Last Month, European Economic News Preview
Altcoins have surged by 28% in the last month, presenting a trading opportunity. European economic news includes consumer confidence survey results from Germany and France. Traders can stay updated on economic events with FX Leaders’ economic calendar and access free forex signals to enhance their trading strategies.
Lufthansa ground staff strike in Germany
Germany’s Verdi union calls for Lufthansa ground staff strike, impacting major international airports and around 100,000 passengers. The ongoing dispute revolves around pay rises and inflation bonuses, with Lufthansa’s latest offer of a 10% pay rise being rejected by 96% of employees. The next round of negotiations is scheduled for February 21.
European Economies at Risk of Recession Due to Geopolitical Conflicts and Increased Energy Costs
Recent survey reveals substantial risk of recession in European economies due to geopolitical conflicts and increased energy costs. Germany and the Netherlands face the highest chances of declining output. Ongoing war in Ukraine and tensions in the Middle East pose threats to supply chains and energy deliveries, with potential impact on spending and investment. Survey involved 1,431 economic experts from 124 countries, highlighting significant challenges facing European economies.
NASA’s Planetary Defense Capabilities Tested as Small Asteroid Disintegrates over Germany
NASA’s planetary defense capabilities were put to the test as a small asteroid, named 2024 BX1, harmlessly disintegrated over Germany. The asteroid, approximately 3 feet in size, was detected by NASA’s Scout impact hazard assessment system, providing advanced warning of…
Private Sector in Germany Remains in Downturn, US Output Growth Reaches Fastest Pace
The latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed that the private sector in Germany remained in a downturn as business activity fell for a seventh straight month in January. The survey also indicated signs of broad-based weakness…
German Car Suppliers Struggle to Adapt to Shift Towards Electric Vehicles
German car suppliers are facing challenges as they struggle to adapt to the shift towards electric vehicles (EVs). The automotive industry is undergoing a significant transformation, with the demand for EVs increasing and traditional combustion engine vehicles facing a decline….
Germany achieves 70-year low in greenhouse gas emissions
Germany has achieved a significant milestone in its efforts to reduce greenhouse gas emissions, with the country reaching a 70-year low in emissions last year. According to a study by the thinktank Agora Energiewende, Germany emitted 73 million fewer tonnes…
Greece vs Germany: United Cup Quarter-Final Preview
Four singles competitors, four former Top 5 stars — and each of them will be eager to break back into that elite group in 2024. Friday’s marquee United Cup quarter-final will pit second seeds Greece, led by Stefanos Tsitsipas and…