Latest news with #German-headquartered
The National
3 days ago
- Business
- The National
New direct bus service from Edinburgh to Heathrow Airport announced
FlixBus, a German-headquartered coach firm, has unveiled its new service between the Scottish capital, Glasgow and Heathrow Airport, which will launch on Monday. Scots will be able to travel directly to and from the UK's busiest airport, with tickets starting at just £14.99. FlixBus offers free travel for Young Scot under 22s, over 60s with a bus pass and anyone with a National Entitlement Card on its Scottish routes. READ MORE: Scottish Tories suffer fresh defection to Nigel Farage's Reform UK The travel firm said the route will provide a 'seamless and convenient' alternative to multiple train changes or 'expensive' airport parking, with coaches arriving and departing from Heathrow Central Bus Station. Andreas Schorling, senior managing director of FlixBus UK, said the firm is delighted to introduce the new direct bus link. He said: 'We launched direct routes to Heathrow from the Midlands earlier this year, which have been hugely popular, so we're delighted to be bringing our affordable, sustainable and reliable airport services to Edinburgh in time for summer!' Luggage will be included in the ticket price, with customers also having access to free Wi-Fi and the option to book a neighbour-free seat. 'We see this growth as a major step forward in our plans to be the largest coach network in the UK,' added Andreas. Tickets can be purchased on FlixBus website or app.
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Business Standard
30-04-2025
- Business
- Business Standard
Adidas products may become costlier in the US, thanks to Trump tariffs
Amid global market uncertainty triggered by Trump tariffs, German-headquartered sportswear giant Adidas on Tuesday said it could hike price of all its US products. The company did not make it clear by how much it is going to increase the prices. The company said that the global trade dispute was preventing it from raising its full-year outlook despite a substantial increase in first-quarter profits, according to a report by CNBC. 'Higher tariffs will eventually cause higher costs for all our products for the US market,' Adidas said in a statement as quoted by CNBC. After Trump imposed 145 per cent tariffs on imports from China, Adidas said it had already reduced its China-made products shipped to the US to a minimum. Yet, the biggest impact on the company is from the general 10 per cent tariffs imposed on all other counties by the US. 'Given the uncertainty around the negotiations between the US and the different exporting countries, we do not know what the final tariffs will be,' the Adidas statement mentioned. No clarity on what to do Currently, various countries are in talks with the US to reach a trade agreement to avoid elevated tariffs, ensuring fair trade practices. As a result, companies across the world are unclear on their businesses and are unable to make decisions on their future course of work, including Adidas. Also Read 'Therefore, we cannot make any 'final' decisions on what to do. Cost increases due to higher tariffs will eventually cause price increases, not only in our sector, but it is currently impossible to quantify these or to conclude what impact this could have on the consumer demand for our products,' Adidas explained in its statement, as quoted by CNBC. Adidas said it was currently unable to produce almost any of its products in the US. Retailers weigh cost of tariffs The company, famous for sneakers like Superstar, Sambas, Stan Smiths, and Gazelles, as well as sportswear, makes its products in countries like Vietnam and Cambodia. These countries could face US tariffs of over 40 per cent because there is no trade deal, according to the media reports. Global uncertainty caused by tariffs The Trump tariffs created global uncertainty by raising import taxes on goods from countries like China, Vietnam, and others, disrupting global supply chains. Businesses were unsure about future costs, trade policies, and sourcing decisions, leading to price increases, shifting manufacturing locations, and concerns about demand and profits. This uncertainty affected everything from low-cost retailers to luxury brands.
Yahoo
11-04-2025
- Yahoo
Family killed in Hudson River helicopter crash in NYC was celebrating child's birthday
April 11 (UPI) -- The family of five from Spain killed in a helicopter crash in New York City had hired a sightseeing company as part of a birthday celebration for one of the children, officials said Friday. The Bell 206 sightseeing helicopter crashed into the Hudson River near Manhattan about 3:15 p.m. EDT Thursday, killing the family and the pilot. It took off from a Wall Street heliport. The bodies of all six onboard were recovered from the water. Killed were Agustin Escobar, a senior executive with the German-headquartered technology firm Siemens, his wife, Merce Camprubi Montal, and their three young children. The pilot hasn't been identified. The New York Post obtained images of the family before their takoeff. "We know the ages of the young people involved -- 4, 8 and 10 -- and unfortunately the 8-year-old, it was his birthday today, so this was probably part of a normal tourist attraction of seeing the city from the skyline, but just a real unfortunate situation," New York Mayor Eric Adams said on WNYW's Good Day New York. Camprubi Montal also was celebrating her 40th birthday this week. The family arrived in New York from Barcelona earlier in the day, law enforcement sources told The New York Post. Escobar was in New York City on business and had his family fly to New York City so they could "extend the trip a couple days in NYC," Jersey City Mayor Steven Fulop posted on X. "The brother-in-law is flying in this A.M. and we are working with [the medical examiner] to expedite release of the family to fly back to Spain," Fulop said. "Take a moment today and think about this family and your family. These situations are always very difficult and sad." Escobar was CEO of rail infrastructure at Siemens Mobility Division. "We are deeply saddened by the tragic helicopter crash in which Agustin Escobar and his family lost their lives. Our heartfelt condolences go out to all their loved ones," Siemens said in a statement. The wreckage recovery continued through Friday with divers used. The plane was owned by New York Helicopter Tours, which has been in business for 30 years. The website noted their pilots have "logged thousands of flight hours." CEO Michael Roth told The Telegraph the pilot "called in that he was landing and that he needed fuel, and it should have taken him about three minutes to arrive, but 20 minutes later, he didn't arrive. We're all devastated." He told the New York Post: "The only thing I know by watching a video of the helicopter falling down, that the main rotor blades weren't on the helicopter. "And I haven't seen anything like that in my 30 years being in business, in the helicopter business. The only thing I could guess -- I got no clue -- is that it either had a bird strike or the main rotor blades failed. I have no clue. I don't know." The company had posted on Facebook an image of one of its helicopters in February. The chopper had taken off from the heliport at 2:59 p.m. It then went south and then turned to fly north up the Hudson River along the Manhattan shoreline. At 3:08 p.m., it reached the George Washington Bridge and turned to fly south along the New Jersey shoreline. Shortly later the "aircraft lost control and hit the water just a few feet off the coast of the pier, a park in Hoboken," New York City Police Commissioner Jessica Tisch said in a news conference Thursday. Some witnesses told NBC News they heard a loud noise. The National Transportation Safety Board is leading the investigation with help from other agencies. Aviation analyst Jeff Guzzetti said on NBC's Today on Friday: "There was some sort of sudden in-flight failure that occurred to the point at which the pilot didn't have an opportunity to make a forced landing or a mayday call, so something happened abruptly. The Bell 206 includes a military version. There were 7,300 manufactured from 1962 to 2017 by Bell Helicopter, which is based in Fort Worth, Texas.
