Author: DPA
The Group of Seven (G7) leading Western industrialized nations on Saturday assured Ukraine of its “unwavering support” against the full-scale Russian invasion, which is nearing its 1,000th day. Russia is “the sole obstacle to just and lasting peace,” the leaders said in a joint statement, stressing that their countries would stand by Ukraine “for as long as it takes.” The statement was published by Italian Prime Minister Giorgia Meloni, who is chairing the G7 this year. The other members are the United States, Canada, the United Kingdom, France, Japan and Germany. Russia launched a full-scale invasion of its neighbour in…
Half way through the UN climate conference, the UN climate chief looked ahead to the gathering of the Group of 20 (G20) powers and issued a dire warning about the outlook for the globe unless changes are made. “Without rapid cuts in emissions, no G20 economy will be spared from climate-driven economic carnage,” said UN Climate Chief Simon Stiell in Baku, where the two-week gathering, known as COP29, is being held. Leaders, ministers and other officials from around 200 countries are gathered at the UN’s Climate Change Conference in Azerbaijan to discuss ways to limit global warming and its deadly…
Net income at German pharmaceutical and chemical giant Bayer declined to €2 billion ($2.16 billion) or €2.04 per share in the first quarter, down from €2.18 billion or €2.22 per share in the same quarter last year, the company reported on Tuesday. Bayer said core earnings per share from continuing operations for the first quarter decreased to €2.82 from last year’s €2.95, mainly due to the decline in earnings at its Crop Science Division. Group sales were €13.77 billion in the first quarter of 2024, showing a decline of 0.6% on a currency- and portfolio-adjusted basis and a decline of…
The Allianz insurance company will allow cars in Germany to be repaired with used spare parts, the Munich-based insurance giant said on Friday. Vehicles between three and eight years old are eligible under the scheme, which should make repairs both more environmentally friendly and cheaper, the insurer said. The DAX-listed company and largest German insurer referred to England, the Netherlands and France, where there have already been regulations promoting the use of reusable parts in car repair shops for several years. “All experts agree: repairing is more sustainable than using new parts,” said Frank Sommerfeld, head of Allianz Versicherungs-AG, which…
German vehicle maker Mercedes-Benz is recalling around 341,000 of its GLE and GLS models made during the years 2017 to 2023 on account of fire hazard, a statement from Germany’s vehicle licensing authority (KBA) said on Thursday. According to the statement, a connection on the cable shoe of the 48-volt ground connection could be faulty, leading to the risk of fire. The bolted connection is to be checked and repaired where necessary, according to the statement. More than 11,000 vehicles in Germany are affected. Mercedes-Benz was not immediately available for comment.
The German trade union verdi is keeping up the pressure with further strikes ahead of the third round of collective bargaining for the postal bank, Postbank, verdi announced on Thursday. Employees in branches and call centres across Germany are once again being called out on strike for Friday and Saturday, verdi said. “We expect a significantly improved offer from the employers in the next round of negotiations,” verdi negotiator Jan Duscheck said. The negotiations are to continue on Monday in the city of Frankfurt. Verdi is demanding 15.5% more money for around 12,000 employees in the Deutsche Bank Group, the…
Renewed strikes by Lufthansa flight attendants are expected to lead to the cancellation of a total of 1,000 flights on Tuesday and Wednesday at Germany’s Frankfurt and Munich airports, the national carrier said on Monday. Amid the industrial action over wage negotiations set to begin on Tuesday morning, 600 flights are expected to be cancelled in Frankfurt, Germany’s busiest airport, while on Wednesday 400 connections are set to be scrapped in Munich, another important travel hub. Some 120,000 passengers will be affected, a Lufthansa spokesman said. The Ufo union, which represents cabin crew at the carrier, had called on some…