Now that San Antonio has its first European nonstop flight in hand thanks to Condor, it’s our turn to fill up seats to Frankfurt. Markus Mainka/Markus Mainka/picture-alliance/dpa/AP Images John Dickson Courtesy The news of our first transatlantic flight to Germany via Condor Airlines continues to reverberate. It’s an understatement to say securing a nonstop flight … Read more
Frankfurt: German chemicals giant Bayer said Wednesday it would cut management jobs and was examining splitting off one of its divisions after reporting a massive third-quarter loss. The maker of Aspirin has long been under pressure from activist investors as its problems mounted, and earlier this year brought in a new CEO to help steer … Read more
In a leafy neighborhood in Dusseldorf, Milena and Manuel David planned to break ground this summer on a new home, a milestone that was going to get them out of a cramped apartment where they share a bedroom with their two kids. But during the 16-month wait for a permit, mortgage rates had tripled and … Read more
The Kansas City Chiefs have enjoyed consistent rugged and productive runs from starting running back Isiah Pacheco. He has proven to be a game-changer and budding leader in his second NFL season. Chiefs Wire’s Ed Easton Jr. recently sat down with Pacheco courtesy of NFL’s official pizza partner, Little Caesars, to discuss the weekly mindset … Read more
Recession looms for the euro area, with the latest batch of data showing momentum has evaporated. The economy contracted by 0.1% in the third quarter, most of the bloc’s economies are flatlining, and Germany, its biggest engine of growth, is shrinking. Even supposedly good news, such as slowing inflation, just illustrates how quickly the outlook … Read more
Euro-area inflation eased to its lowest level in more than two years as the bloc’s economy shrank following an unprecedented ramp-up in interest rates. Consumer prices rose 2.9% in October — down from the previous month’s 4.3% and better than the 3.1% median estimate in a Bloomberg survey analysts. In a separate release, Eurostat said … Read more
The regional carrier will operate from the Munich and Frankfurt airports where many of Lufthansa’s long-haul flights depart. ADVERTISEMENT One of Europe’s leading air carriers is launching a new airline for short-haul operations on the continent. Lufthansa, Germany’s flagship airline and Europe’s biggest airline group, says the new fleet will help reduce costs. “The new … Read more
Japan’s carmakers are staging their first motor show in four years to make the case they’ll remain major global forces to be reckoned with in the electric-vehicle age. The rebadged Japan Mobility Show will be counter-programming of sorts to worrisome trends: the host country may well lose its position as the world’s top car exporter … Read more
Economic growth in China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the … Read more
Finland is on high alert as it suspects a gas pipeline leak in the Baltic Sea was caused by a deliberate act of destruction, fueling concerns about the safety of Europe’s energy infrastructure. The gas pipeline started leaking at the weekend in Finland’s exclusive economic zone, and people familiar with the matter said on Tuesday … Read more