FRANKFURT

Bayer Leverkusen's potential Bundesliga triumph brings shifts in fan sentiments

Bayer Leverkusen, led by Xabi Alonso, seeks to end Bayern Munich's reign by winning its first national title. The club faces challenges in planning celebrations, but its success marks a significant shift in German football dynamics.

Lufthansa strike hits air travel for second time this month

Lufthansa ground staff strikes affect major airports. Over 100,000 passengers affected. Strikes in Germany due to high inflation and demands for higher pay. Verdi demands 12.5% wage rise or 500 euros more per month to offset inflation. Lufthansa's ground staff has lost purchasing power.

Swiss financial regulator says it will focus 'very strongly' on UBS: Report

Switzerland's Financial Market Supervisory Authority (FINMA) is focusing strongly on UBS following its takeover of Credit Suisse. FINMA has reorganized and increased the UBS team to around 60 people, focusing on high-risk areas. The enlarged UBS, with a balance sheet of over $1.6 trillion, has raised concerns about its dominant position in Switzerland and potential influence on future banking regulation.

Heavy snow and freezing rain causes flight cancellations in Germany

After UK and US, Germany hit by heavy snow, freezing rain

Severe winter weather prompted the cancellation of hundreds of flights Wednesday at Frankfurt airport, Germany's busiest, as the country faced heavy snowfall and freezing rain. A Frankfurt airport spokeswoman said 570 of 1,047 flights had been axed from the schedule by late morning as Germany's business capital prepared for dramatic weather conditions.

Boeing shares slide 8% in Frankfurt, US pre-market after MAX 9 groundings

A piece of fuselage tore off an Alaska Airlines jet on Friday following takeoff from Portland, Oregon, forcing pilots to turn back. Jefferies said in a note that the latest Boeing incident could slow aircraft production if manufacturing and installation processes are subject to further regulatory probes.

Donny van de Beek completes loan move to Eintracht Frankfurt from Manchester United

Manchester United's Donny van de Beek has completed a loan move to Eintracht Frankfurt until season-end, with an option for a permanent deal. The Dutch midfielder, limited to six Premier League starts since 2020, seeks a revival following manager Erik ten Hag's advice. The deal involves a potential £9.5m transfer fee. Eintracht, currently sixth in the Bundesliga, eagerly anticipates van de Beek's contribution as they aim to bolster their squad for the league and Europa Conference League playoffs.

Artificial intelligence threatens wages, not jobs so far, says ECB report

The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by the European Central Bank showed on Tuesday.

Hapag-Lloyd CEO optimistic that shipping markets will rebalance

The The company had earlier said in November that it would reduce some services to save costs and stem falling profits as freight rates dived.

Man arrested for sexually harassing co-passenger onboard international flight

After the flight landed in Bengaluru, the woman filed a complaint against him at Kempegowda International Airport Police Station following which a case was registered under section 354 A (Sexual harassment) of the Indian Penal Code, a senior police officer said.

Wait time in India sky-high, US consulate opens up special visa window for Indians in Frankfurt

​​According to the State Department's website, the wait times for B1/B2 visa interview appointments in India have reached staggering durations, with 441 days in Hyderabad, 486 days in Chennai, 526 days in Delhi, 571 days in Mumbai, and 607 days in Kolkata. In stark contrast, the wait time in Frankfurt is just three days.

Amazon Frankfurt-listed shares surge, Apple slides after results

Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street's expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside

China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says

Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. "To do this, we must master electric propulsion just as perfectly as digitalisation. That's what our customers expect," Ola Kaellenius was quoted as saying.

Indian diaspora groups in Germany stage protest for baby Ariha Shah

The parents have been fighting for their daughter since September 2021, when the German authorities intervened amid allegations of harassment.

Thyssenkrupp launches hydrogen unit IPO in green push

Its shares started trading at 20.20 euros ($22) on the Frankfurt stock exchange, slightly above the introduction price set for the stock, valuing the company at about 2.5 billion euros.

Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

German consumer prices jumped 6.8% in June from a year earlier, up from May's 6.3%, the state statistics office Destatis said. The figure was boosted in part by a widely used offer of cheap transport tickets last summer, analysts said.

Germany to reject Binance's bid for a cryptocurrency licence

Binance has come under pressure from regulators around the world. The US Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. laws. Binance denies the charges.

Saudi Arabia money has turned transfers into ‘chaos’ – will it last?

Saudi Arabia's mega-offers to European football clubs have completely transformed the summer market, resulting in instability and chaos. Manchester City's transfer plans depend on who leaves but a travel ban imposed by the UK on Saudi Arabia has made the situation even more uncertain.

No pause in sight as ECB eyes next rate increase

Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.50%.

View: For a digital systems leader and a country with a space mission, India is so mistrustful of procedures

Regrettably, this situation is not restricted to airport screens. Systems and procedures are not 'foolproof' and they often generate rework - and sometimes re-rework. Anyone with an experience of interacting with any financial institution has come across this last-minute request for a photo, or an identity proof, or an address proof that is neither listed in the detailed checklist of required documents nor communicated by the representative of the institution.

Delhi-bound Lufthansa flight returns to Frankfurt due to technical issue

A PTI correspondent who is on the flight said that after being airborne for around two hours, the captain announced that the aircraft is being taken back to Frankfurt to take care of the hydraulic system. The flight, which was to take off at 1.40 pm, was delayed and took off at around 2.20 pm (local time) from Frankfurt.

Even with Messi, Mbappé and Neymar, PSG are a Champions League also-ran once again. Is buying local the way forward?

After a decade in which they have spent an obscene amount of state-supplied money putting together one of the most expensive, star-spangled squads ever conceived - gathering immense, unchecked political power and dangerously distorting the financial landscape of European soccer in the process - the power brokers at PSG have, belatedly, started to wonder if they are doing this whole thing wrong.

Lufthansa flight departures from Frankfurt resuming as IT system recovers

"The systems are rebooting. We hope we can restore flight stability. There are departures from Frankfurt again," said a spokesperson for Lufthansa.