logo
Massive disruption ahead as strikes to hit 11 German airports Monday

Massive disruption ahead as strikes to hit 11 German airports Monday

Yahoo07-03-2025

Workers at 11 German airports, including major transport hubs Frankfurt and Munich, are set to strike on Monday as part of an ongoing wage dispute, trade union verdi said.
Public sector workers and ground staff at the Berlin airport, as well as in Hamburg, Stuttgart, Cologne/Bonn, Dusseldorf, Dortmund, Hanover, Bremen and Leipzig-Halle have also been called on to join the 24-hour industrial action, meaning operations at all major German airports will be affected.
More than 3,400 flights will have to be cancelled due to the strike action, affecting some 510,000 travellers, according to an initial estimate by airport association ADV.
Germany has been hit by strikes as the union tries to increase pressure on the federal government and municipalities ahead of another round of talks on a collective wage agreement covering some 2.5 million public sector workers.
Verdi is demanding an 8% pay rise - worth a minimum of €350 ($365) more per month - as well as higher bonuses and three additional days off.
Employers have rejected the demands as unaffordable, with both sides due to meet near Berlin for a third round of negotiations from March 14 to 16.
Some 20,000 health care workers took part in industrial action on Thursday, while at least 30,000 employees at kindergartens and care facilities went on strike across the country on Friday, according to the union.
Verdi said Friday's strikes were also intended to send "a clear signal" on Equal Pay Day, marked each year on March 7, and International Women's Day on Saturday, calling for "more pay equity and better working conditions" for public sector workers in social professions, which are typically dominated by women.
Union calls 24-hour airport strike
A large share of employees at airport operators is covered by collective wage agreements for public sector workers, meaning they could join the industrial action due to start at midnight (2300 GMT Sunday).
Verdi on Friday also called on ground staff responsible for cleaning, loading and refuelling aircraft to strike for 24 hours, as the union is negotiating a separate collective agreement for the sector.
Industrial action related to the ongoing wage dispute led to flight cancellations at Germany's Cologne, Dusseldorf, Hamburg and Munich airports last month.
Some 800,000 passengers have faced disruptions due to the collective bargaining negotiations so far, according to industry association ADV.
Public sector workers at Frankfurt Airport last went on strike in March 2023.
Verdi has criticized the employer side for not presenting a new offer during a second round of talks in mid-February.
"We have been forced to carry out this strike because the employers have so far not presented any offers in the current collective bargaining negotiations for public service employees and have shown no willingness to meet our justified demands," said verdi deputy chairwoman Christine Behle.
She noted that the strike was announced in advance to allow passengers to make alternative travel plans.
ADV managing director Ralph Beisel described the industrial action as a nightmare for affected passengers, citing "far-reaching consequences for individual mobility and economic processes."
Joachim Lang, managing director at German aviation association BDL called the plans disproportionate.
"An entire industry is being shut down across the board, even though airports and airlines, as well as restaurants, retailers and hotels, are not parties to the collective agreement," he said.
Workers in Frankfurt have been asked to join a rally on Monday morning.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FTSE 100 today: Index opens flat as U.K. GDP falls; Pound above $1.35; Tesco gains
FTSE 100 today: Index opens flat as U.K. GDP falls; Pound above $1.35; Tesco gains

Yahoo

timean hour ago

  • Yahoo

FTSE 100 today: Index opens flat as U.K. GDP falls; Pound above $1.35; Tesco gains

-- British shares were mostly flat at the open on Thursday after official data showed that the country's gross domestic product shrank by 0.3% in April, partially offsetting the 0.7% expansion recorded in the first quarter. .As of 0715 GMT, the blue-chip index FTSE 100 gained 0.01% and the British GBP/USD fell 0.07% against the dollar to above 1.35. Meanwhile, DAX index in Germany dropped 0.8%, the CAC 40 in France dipped 0.5%. The U.K. economy experienced a notable decline in April, weighed down by rising energy costs and increased taxes. According to data from the Office for National Statistics, gross domestic product fell by 0.3% during the month, a steeper drop than the anticipated 0.1% and a partial reversal of the 0.7% growth recorded in the first quarter. On a yearly basis, GDP rose 0.9%, easing from the previous month's 1.1% gain. Tesco (OTC:TSCDY) reports Q1 sales growth Tesco PLC (LON:TSCO) posted a 5.5% rise in group like-for-like sales for the first quarter of its 2025-26 fiscal year, driven by solid performance across its businesses in the U.K., Republic of Ireland, Booker, and Central Europe. Total group sales, excluding fuel and VAT, reached £16.38 billion for the 13-week period ending May 24. Halma exceeds profit expectations U.K. engineering firm Halma PLC (LON:HLMA) posted stronger-than-expected results for the fiscal year ending March 31, with adjusted pretax profit up 16% to £459.4 million and revenue rising 11% to £2.25 billion. These figures beat analyst forecasts, and the company's EBIT margin improved to 21.6%. Halma said fiscal 2026 has started well, projecting upper single-digit organic revenue growth and margins slightly above the midpoint of its 19%–23% target range. Wood Group extends Sidara takeover deadline John Wood Group PLC (LON:WG) has granted Sidara more time to decide on a potential takeover, extending the deadline to make a firm bid or withdraw from the process to June 30. The extension allows Sidara to further develop its offer for the engineering consultancy. Crest Nicholson posts steady H1 results Crest Nicholson Holdings plc (LON:CRST) posted encouraging results for the first half, signaling that its updated strategic approach is yielding positive outcomes amid evolving conditions in the housing market. The company completed 739 homes during the first half of 2025, including those from joint ventures, marking a 6% decline from the previous year. Private sales, including bulk transactions, dropped to 107 units, down 40% from 177 in the same period last year. (This story will be updated)Related articles FTSE 100 today: Index opens flat as U.K. GDP falls; Pound above $1.35; Tesco gains Dana stock surges amid $2.7 billion Off-Highway business sale to Allison CoreWeave reportedly a key player in Google-OpenAI partnership

Outcomes4Me Acquires Germany's Mika Health App to Accelerate AI-Driven Patient Empowerment Globally
Outcomes4Me Acquires Germany's Mika Health App to Accelerate AI-Driven Patient Empowerment Globally

Yahoo

time2 hours ago

  • Yahoo

Outcomes4Me Acquires Germany's Mika Health App to Accelerate AI-Driven Patient Empowerment Globally

Mika's cancer app is a certified medical device clinically proven to help cancer patients cope with both the physical and psychological effects of their diagnosis BOSTON and BERLIN, June 12, 2025 /PRNewswire/ -- Outcomes4Me Inc., the developer of the leading, direct-to-patient, AI-driven platform transforming the cancer-care experience, announced today that its German affiliate Outcomes4Me Germany GmbH has acquired the assets associated with the Mika Health app from Berlin-based Fosanis GmbH. The Mika app has served over 100,000 cancer patients globally, and is a clinically validated platform proven in clinical trials to reduce a range of symptoms associated with cancer care including depression, anxiety, and fatigue. Outcomes4Me, which supports more than 280,000 cancer patients, recently finalized a $21M funding round, emphasizing the company's plans to expand both its patient community and commercial business globally. This acquisition strengthens Outcomes4Me's platform with Mika's proven interventions for real-time symptom management, behavioral coaching, and emotional support, setting a new global standard for digital oncology support. It also allows Outcomes4Me to scale faster in European markets, leveraging Mika's regulatory readiness as MDR IIa-certified medical device and local partnerships. "With this acquisition, we're taking a major step toward our mission to make cancer understandable and manageable to every patient wherever and whomever they are," said Maya Sc.D., Founder and CEO of Outcomes4Me. "Mika's proven AI-driven emotional support technology and European footprint complement our evidence-based platform grounded in clinical guidelines and U.S. footprint. Together, we're building the most comprehensive digital companion for cancer patients worldwide." "Joining forces with Outcomes4Me allows us to take our vision further, faster," said Gandolf Finke, Ph.D., Founder and Managing Director of Fosanis GmbH. "We're excited to integrate our technology with a partner that shares our values of transparency, trust, and patient empowerment. The overlap in our customer base of global pharmaceutical companies that prioritize innovation and whole-patient care creates many synergies and allows us to immediately deliver combined value for our patients and business partners alike. For our patients using Mika, this transaction has no impact in terms of service they can expect." Outcomes4Me will exhibit at HLTH Europe in Amsterdam from June 16-19, 2025. Visit Outcomes4Me and Mika in the AI Spotlight pavilion at booth #F70-2. About Outcomes4MeOutcomes4Me is the first and leading end-to-end, AI-driven patient empowerment platform that helps patients with cancer take a proactive approach to their care from diagnosis throughout every stage of life and care. Its direct-to-patient platform integrates clinical guidelines, genomics, trial matching, and symptom tracking to help patients navigate through a cancer diagnosis with confidence and clarity. Through its patented technology, Outcomes4Me is redefining cancer care by delivering smarter, AI-powered solutions that put patients in control of their treatment decisions. What sets Outcomes4Me apart is its ability to generate unique, at-scale proprietary datasets that enable more precise and actionable insights for better patient outcomes. Based in Boston, Massachusetts, Outcomes4Me is a woman-led company of seasoned healthcare, oncology, pharmaceutical, consumer and technology veterans. For more information, visit About Mika HealthMika Health is an app-based platform aimed at providing targeted and comprehensive support to people with cancer using digital technology. Through scientifically proven methods and techniques of therapy management, the Digital Therapeutics (DTx) helps patients to actively participate in their treatment and regain more quality of life - with daily symptom monitoring, psychologically oriented coaching courses, and AI-supported, personalized recommendations. To achieve this, Mika combines innovative machine learning technologies with a multimedia knowledge database of rigorously verified content, such as nutritional tips, exercise routines, or mindfulness training. For more information, visit View original content: SOURCE Outcomes4Me Inc.

Investing in LIMES Schlosskliniken (ETR:LIK) five years ago would have delivered you a 280% gain
Investing in LIMES Schlosskliniken (ETR:LIK) five years ago would have delivered you a 280% gain

Yahoo

time5 hours ago

  • Yahoo

Investing in LIMES Schlosskliniken (ETR:LIK) five years ago would have delivered you a 280% gain

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But when you pick a company that is really flourishing, you can make more than 100%. For instance, the price of LIMES Schlosskliniken AG (ETR:LIK) stock is up an impressive 280% over the last five years. It's also up 29% in about a month. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the five years of share price growth, LIMES Schlosskliniken moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. You can see below how EPS has changed over time (discover the exact values by clicking on the image). This free interactive report on LIMES Schlosskliniken's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. While the broader market gained around 19% in the last year, LIMES Schlosskliniken shareholders lost 0.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 31%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Before forming an opinion on LIMES Schlosskliniken you might want to consider these 3 valuation metrics. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store