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Lufthansa Cabin Crew Secure New Collective Agreement with Significant Pay Increase

After months of negotiations, approximately nineteen thousand cabin crew members of Lufthansa have secured a new collective bargaining agreement. They will receive a 16.5% wage increase along with a one-time payment of €3,000. The employees went on strike last month, leading to the cancellation of hundreds of flights and leaving thousands of passengers stranded. “We can now be very satisfied with the outcome,” says a negotiator from the…

11 April 2024
European Central Bank Holds Interest Rates Steady, Hints at Future Reduction

The European Central Bank (ECB) is maintaining its interest rates at a record high of 4 percent for now. According to the regulator, inflation hasn’t fallen enough. However, the ECB does suggest that its rates could decrease in the near future. This marks the fifth consecutive time that the financial regulator has left the interest rate unchanged. This follows a series of unprecedented hikes that the ECB implemented…

11 April 2024
EU Agrees to Restrict Import of Ukrainian Agricultural Products

The European Union has reached an agreement to curb the import of Ukrainian agricultural products. Governments of EU countries and the European Parliament reached a provisional deal on Monday, pending approval from the parliament. Following the Russian invasion, the EU had granted tariff-free export for agricultural powerhouse Ukraine to assist the country in generating additional income. However, concerns raised by Eastern European EU countries such as Poland about…

9 April 2024
Electra Plans Expansion of Electric Vehicle Charging Infrastructure

Electra, a leading provider of charging infrastructure, has announced its intentions to deploy one hundred charging stations and six hundred charging points for electric vehicles in the near future. The company is set to open its inaugural charging station this year, marking its entry into the competitive landscape alongside the rapidly expanding Fastned. Electra aims to have all stations and charging points operational by 2030. With a presence…

8 April 2024
China Launches Financing Program to Support Tech and Science Companies

The Chinese central bank has initiated a new financing program worth tens of billions of euros. The aim of the program is to assist smaller companies in the technology and science sectors with innovation and research. The program, valued at 500 billion yuan (approximately 64 billion euros), will see the central bank providing low-interest loans to small and medium-sized enterprises. These loans will help the companies to grow,…

8 April 2024

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