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The Robert Koch Institute for infectious diseases reported 203,136 positive tests in the last 24 hours, 69,600 cases more than the same day a week ago. Register now for FREE unlimited access to Reuters.com RegisterThe rising number of infections has led to staffing shortages in sectors including logistics, healthcare and child care. on Thursday, adding that up to 15% of cargo at Frankfurt was affected by delays. The German Hospitals Federation had warned earlier this week that three-quarters of hospitals were reporting higher than usual numbers of staff out on sick leave. German lawmakers debated on Wednesday whether to impose compulsory COVID-19 shots, while protesters gathered outside the parliament building.
Persons: Jan, Robert Koch, Olaf Scholz, Emma Thomasson, Ilona Wissenbach, Maria Sheahan, Miranda Murray, Kim Coghill, Mark Heinrich Our Organizations: Lufthansa Cargo, DHL, German Hospitals Federation, liberal Free Democrats, Thomson Locations: Germany, Frankfurt, United States, Canada, Europe, Leipzig, France, Italy, Spain
St Paul's Cathedral and areas of the financial district of the City of London are seen at dusk October 9, 2008. The study, which added Paris this year, looked at five areas like digital skills, regulation and talent. While London remains top overall from last year, New York is only slightly behind and closing the gap, followed by Singapore, Frankfurt, Paris, Hong Kong and Tokyo. "UK policymakers need to guarantee that its businesses continue to enjoy unrivalled access to the best of global talent," the study said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville LONDON, Huw Jones, Bernadette Baum Organizations: of, REUTERS, New, European Union, City of London Corporation, New York, London, Tokyo ., Reuters.com Register, London Graphic, EU, Bank of England, Thomson Locations: Paul's Cathedral, of London, London, New York, Singapore, Paris, City, Frankfurt, Hong Kong, Tokyo, London Graphic New York, Britain, IPOs
Deutsche Bank nearly triples Q4 profit, defying expected loss
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
A logo of a branch of Germany's Deutsche Bank is seen in Cologne, Germany, July 18, 2016. REUTERS/Wolfgang RattayFRANKFURT, Jan 27 (Reuters) - Deutsche Bank (DBKGn.DE) nearly tripled its fourth-quarter profit, defying expectations for a loss, as revenues at the investment bank rose. The net profit attributable to shareholders was 145 million euros ($162.62 million) in the three months ending Dec. 31, figures published on Thursday showed. That compares with a profit of 51 million euros a year earlier, and it is better than analyst expectations for a loss of around 130 million euros. ($1 = 0.8917 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tom Sims and Frank Siebelt, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
Persons: Wolfgang Rattay FRANKFURT, Jan, Sewing, Tom Sims, Frank Siebelt, Kirsti Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Deutsche, Thomson Locations: Cologne, Germany
European lenders lost ground to Wall Street rivals during the pandemic because volatile markets boosted the earning power of U.S. banks' outsized trading arms. European rivals earn proportionately more from lending and benefit from a higher interest rate environment. As the continent's biggest lenders prepare to report full-year earnings for 2021, kicking off with Deutsche Bank(DBKGn.DE) on Thursday, European banks must seize the opportunity that now presents itself, analysts consultants and investors say. In investment banking, U.S. banks have beaten European rivals on their own turf by almost any metric in recent years, and the gap has been widening. European lenders have also largely avoided amassing mountains of bad loans as corporate borrowers weathered the COVID-19 pandemic.
Persons: Kai Pfaffenbach, Eriola Shehu Beetz, Goldman Sachs, Morgan Stanley, they've, Shehu Beetz, Steven van Rijswijk, moratoria, Jerome Legras, Oliver Judd, That's what's, Italy's, Spain's, Lawrence White, Iain Withers, John O'Donnell, Elaine Hardcastle Organizations: REUTERS, Wall Street, Deutsche Bank, Boston Consulting, JPMorgan, Citigroup, Bank of America, ING, Lloyds Banking Group, NatWest, European Central Bank, Investments, Aviva, Credit Suisse, UBS, Germany's Deutsche Bank, Spain's Santander, BNP, Standard Chartered, HSBC, Barclays, Lloyds, Thomson Locations: Frankfurt, Germany, United States, U.S, Europe, Middle East, Africa, Britain, London
Global stocks slid on Thursday, reacting to the Fed setting the stage for an interest rate hike in March. A hawkish Fed and Chairman Jerome Powell's greater concern over inflation has sent investors into a tailspin. Global stocks fell on Thursday after the Federal Reserve signaled it would start hiking interest rates at its March meeting, spooking investors that tighter policy will lower liquidity in financial markets, which had led to exuberant valuations. But during Jerome Powell's hawkish press conference, the narrative around greater concerns of inflation and tighter rate policy undid gains immediately. During the conference, Powell warned inflation remains above the Fed's goal of 2% and that there's a risk "high inflation is more persistent than expected."
Persons: Jerome Powell's, Dow Jones, Callie Cox, Jerome Powell's hawkish, Anthony, Powell, Chris Weston, Pepperstone's, Powell didn't, Frankfurt's DAX, Hang Seng Organizations: Fed, Bell, Federal Reserve, Dow, Nasdaq, Shanghai, Tokyo's Nikkei, Brent, Deutsche Bank, West Texas Locations: Europe, Russia, Ukraine
Frankfurt Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza , strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and targets for the years ahead in March. had to pay up to keep its traders and dealmakers on board, however, with compensation at its investment bank soaring 30% in the final quarter. That compared with a profit of 51 million euros a year earlier and contrasted with analyst expectations for a loss of around 130 million euros. Deutsche made a profit of 1.94 billion euros, up from 113 million euros a year earlier, although it has still lost more than 10 billion euros over the past decade. The investment bank's advisory business stood out, with revenue surging 156%.
Persons: Christian, Deutsche's, Deutsche Organizations: Frankfurt Deutsche Bank, Analysts, Deutsche, Regulators, Citigroup, Revenue Locations: Frankfurt, Germany's, Wall
ECB kicks off climate stress test for banks
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
European Central Bank (ECB) headquarters building is seen during sunset in Frankfurt, Germany, January 5, 2022. REUTERS/Kai PfaffenbachFRANKFURT, Jan 27 (Reuters) - The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in a statement. The ECB has long warned that euro zone lenders are failing to meet its climate risk management goals, and repeatedly called on them to adjust to its standards more quickly. "This is not a pass or fail exercise, nor does it have direct implications for banks’ capital levels," the ECB said. The ECB will target specific asset classes exposed to climate risk rather than banks' overall balance sheets, it said.
Persons: Kai Pfaffenbach FRANKFURT, Jan, Balazs Koranyi, John Stonestreet Organizations: European Central Bank, REUTERS, ECB, Thomson Locations: Frankfurt, Germany
FRANKFURT, Jan 26 (Reuters) - Deutsche Bank (DBKGn.DE) signalled a more positive outlook on Wednesday saying it would undertake a 300 million euro ($339 million) share buyback and pay a dividend for 2021. The share buyback will be completed in the first half of this year, while the dividend has been set at 0.20 euro per share, the bank said in a statement. Analysts had expected the bank to pay a dividend of 30 cents for the year. Register now for FREE unlimited access to Reuters.com RegisterDeutsche Bank last paid a dividend of 11 cents in 2019 for 2018, and has not announced a major share buyback in years. Analysts expect Deutsche Bank to swing to a net loss for the fourth-quarter amid a slowdown in revenue at its investment bank.
Persons: Jan, Tom Sims, Frank Siebelt, Jan Harvey, Barbara Lewis, Alexander Smith Organizations: FRANKFURT, Deutsche Bank, Reuters.com Register Deutsche Bank, Thomson Locations: Germany's, Frankfurt
The Fed is due to update its policy plan at 1900 GMT after a two-day meeting. Register now for FREE unlimited access to Reuters.com RegisterEuropean shares (.STOXX) climbed 1.47% and Britain's FTSE 100 (.FTSE) gained 1.38%. The dollar index was steady at 96.08 against a basket of major currencies, and the euro was at $1.1286, near one-month lows set on Tuesday. The yield on benchmark 10-year Treasury notes was 1.7851%, a little below the two-year high of 1.9% hit last week. China's blue-chip (.CSI300) index hit its lowest since October 2020 before reversing to close up 0.72%.
Persons: Goldman Sachs, Sebastien Galy, Joe Biden, Vladimir Putin, Brent, inched, Hao Hong, Stella Qiu, Alun John, Lincoln, Kim Coghill Organizations: REUTERS, U.S, FTSE, Goldman, Nordea Asset Management, Bank of Canada, Omicron, Treasury, Japan's Nikkei, BOCOM International, Thomson Locations: Frankfurt, Germany, Russia, Ukraine, U.S, Europe, Asia, Pacific, Japan, Beijing, Hong Kong
LIVE MARKETS No time to waver, Chair Powell
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +3 min
Summary European shares up 1%Nasdaq futures riseJan 26 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comNO TIME TO WAVER, CHAIR POWELL (0805 GMT)Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support. Yet, for the Federal Reserve, concluding a two-day meeting later on Wednesday, things are now different. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses. U.S. and European stock futures were higher.
Persons: POWELL, Jerome Powell, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, DAX, Danilo Masoni Organizations: Federal Reserve, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Reserve, Thomson Locations: Bank of Canada, Russia, Ukraine, Europe, China, Frankfurt, Asia
A nurse prepares a booster dose of the Moderna COVID-19 vaccine, Spikevax, against the coronavirus disease at a vaccination centre in Berlin, Germany, January 1, 2022. But since last summer, vaccine-scepticism and a falloff in regional coordination have taken their toll, and public discontent has grown. The 166 deaths recorded on Wednesday took Germany's cumulative COVID-19 toll to 117,126. Opponents of compulsory vaccination say it violates the second article of the constitution, which guarantees citizens control over their own bodies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Riham Alkousaa; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.
Persons: Michele Tantussi BERLIN, Jan, Riham Alkousaa, Kevin Liffey Organizations: Moderna, REUTERS, COVID, Frankfurter Allgemeine Zeitung, Thomson Locations: Berlin, Germany, France, Italy, Spain
Allianz Global Investors logo is pictured at the company's headquarters in Frankfurt, Germany August 16, 2021. The new team of 12 will be overseen by Matt Christensen, Global Head of Sustainable and Impact Investing, AllianzGI added. "The future growth trajectory of impact investing depends on asset managers demonstrating how the impact can be measured and reported," Christensen said. The COVID-19 pandemic drew attention to deepening social inequality which brought impact investing to an "inflection point," the head of Singapore's Temasek Holdings [RIC:RIC:TEM.UL] said last year. read moreLast week, Swedish private equity firm Summa Equity said it raised $2.6 billion for Europe's biggest-ever impact fund.
Persons: Tilman Blasshofer, Matt Christensen, AllianzGI, " Christensen, Diane Mak, Simon Jessop, Elizabeth Howcroft, Tomasz Janowski Organizations: Allianz Global, REUTERS, Allianz Global Investors, LONDON, Allianz, Sustainable, Management, Singapore's Temasek Holdings, Equity, Europe's, TPG, Beijing Winter, Thomson Locations: Frankfurt, Germany, Texas, China
LIVE MARKETS When does tech look attractive again?
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +9 min
You can share your thoughts with us at markets.research@thomsonreuters.comWHEN DOES TECH LOOK ATTRACTIVE AGAIN? The bad news is there seems to be room for tech stocks to potentially become a bit more cheaper yet. Equity research this morning painted an overall reassuring picture for global stock markets. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses. Contracts on the Euro STOXX 50, DAX and FTSE indices were up 0.7%-0.9%, while Nasdaq futures rose 0.5% after another volatile day on Tuesday that saw renewed pressure on tech stocks.
Persons: Stefano Rebaudo, Julien Ponthus, UBS GWM, Bernstein, Jim Solloway, Here's, BoE, Joice Alves, Danilo Masoni, POWELL, Jerome Powell, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, DAX Organizations: UBS, Equity, Citi, U.S, Barclays European, Corrections, Citi Research, Bank of England, Federal Reserve, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Reserve, Thomson Locations: 23.6x, Ukraine, Bank of Canada, Russia, Europe, China, Frankfurt, Asia
A company logo of Siemens Energy AG is pictured during Siemens Energy's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt, Germany, September 28, 2020. REUTERS/Ralph OrlowskiFRANKFURT, Jan 26 (Reuters) - Siemens Energy (ENR1n.DE) has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa (SGREN.MC), sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining 33% stake Siemens Energy does not yet own in Siemens Gamesa, two people familiar with the matter said. Siemens Energy and Siemens Gamesa declined to comment. Siemens Gamesa, created in 2017 to better compete in the fast-growing but competitive wind turbine market, is facing supply chain issues and higher-than-expected costs related to a new product line in its onshore division.
Persons: Ralph Orlowski FRANKFURT, Jan, Christian Bruch, Christoph Steitz, Andres Gonzalez, Jane Merriman Organizations: Siemens Energy AG, Siemens, Frankfurt Stock Exchange, REUTERS, Siemens Energy, Siemens Gamesa, Deutsche Bank, Thomson Locations: Frankfurt, Germany, Spanish
CEO of DWS group Asoka Woehrmann arrives on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/PoolOther members of the firm’s supervisory board - including chairman Karl von Rohr, who is on the management board of Deutsche Bank - have also received written threats, according to a DWS spokesperson. The anonymous letter received in December was a single page with a large red crosshairs in the centre. The DWS spokesperson said that after Woehrmann received the letter in December, police and firefighters wearing protective suits went to DWS headquarters in Frankfurt to investigate, and the white substance turned out to be baking powder. Woehrmann received an initial letter in November.
Persons: Asoka Woehrmann, DWS, Axel Springer, Hannibal Hanschke, Karl von Rohr, Woehrmann, , WirtschaftsWoche Organizations: Deutsche, REUTERS, Deutsche Bank, Reuters, U.S . Securities, Exchange Commission Locations: FRANKFURT, Berlin, Germany, Frankfurt, German, Sri Lanka, Frankfurt’s
While some of today's central bankers were around for a modest - and swiftly reversed - rate-hiking cycle in the second half of the last decade, some don't even have that to draw on. At the European Central Bank, Dutch central bank chief Klaas Knot had been in office for less than two weeks when the ECB last raised interest rates in 2011. In 2020, the largest ever one-year surge since World War II put global debt at $226 trillion, with debt held by governments alone rising to a record 99% of global output. At those levels, even a small move by central bankers to raise the cost of borrowing will be felt by national treasuries. "So if they become very unhappy, it tends to feed back to you, and of course they will become unhappy."
Persons: Jan, Peter Ireland, Masayoshi Amamiya, Klaas Knot, Carsten Brzeski, Chris Waller, Paul Volcker's, Lael Brainard, Waller, BoE Governor Andrew Bailey, Charles Goodhart, Balazs Koranyi, Howard Schneider, Leika, William Schomberg, David Milliken, Julie Gordon, Mark John, Susan Fenton Organizations: Boston College ., Bank of, European Central Bank, ECB, ING, Bank of England, Bank of Canada, Bank of England's, Reuters, Thomson Locations: BoJ, FRANKFURT, TOKYO, WASHINGTON, Dutch, Britain, Canada, Frankfurt, Washington, Tokyo, London, Ottawa
BERLIN — A lone gunman wounded several people at a lecture theater in the southwestern German city of Heidelberg on Monday, police said. Police said in a brief statement that the perpetrator was dead, but didn’t give details of how that happened. They had earlier asked people on Twitter to avoid the Neuenheimer Feld area of Heidelberg, where the city’s university campus is located. The university’s press office declined to give any details on the shooting and referred all inquiries to police. Police said the weapon used in the shooting was a long-barreled firearm.
Organizations: BERLIN, Police, Twitter Locations: German, Heidelberg, Police, Frankfurt
Shares shudder at potential Ukraine conflict
  + stars: | 2022-01-24 | by ( Tom Wilson | ) www.reuters.com   time to read: +5 min
read moreThe move added to a flurry of signals that the West is bracing for an aggressive Russian move against Ukraine, though Moscow denied any plan to invade. read moreThe Euro STOXX 600 (.STOXX) fell 2.1% to its lowest since Dec. 20 and was on course for its worst day since late November. Travel and leisure shares (.SXTP) were down 4.5%, set for their worst day since late November. "Ukraine at the moment is really front of mind," said Michael Hewson, chief market analyst at CMC Markets. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 50 countries, fell 0.5%.
Persons: Kim Kyung, Joe Biden, Michael Hewson, I've, that's, Brent, Bitcoin, MUFG, Treasuries, Tom Wilson, Tomasz Janowski, Bernadette Baum Organizations: Tokyo Stock Exchange, REUTERS, Tech, LONDON, Global, NATO, Ukraine, . State Department, U.S, United, FTSE, Nasdaq, Analysts, CMC Markets, bitcoin, U.S ., Thomson Locations: Tokyo, Japan, Ukraine, Europe, Moscow, United States, London, Paris, Frankfurt, Asia, Pacific, U.S
French and Benelux stocks-Factors to watch
  + stars: | 2022-01-24 | by ( ) www.reuters.com   time to read: +2 min
Jan 24 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. ORANGE (ORAN.PA):France's biggest telecoms operator, is on course to name Christel Heydemann as its new chief executive, making her the first woman to lead the former monopoly amid a revamp of its governance, two sources said on Sunday. Register now for FREE unlimited access to Reuters.com RegisterRENAULT SA RENA.PA>:Renault, Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. read morePan-European market data:European Equities speed guide...................FTSE Eurotop 300 index..............................(.FTEU3)DJ STOXX index......................................(.STOXX)Top 10 STOXX sectors...........................(.PGL.STOXXS)Top 10 EUROSTOXX sectors......................(.PGL.STOXXES)Top 10 Eurotop 300 sectors.....................(.PGL.FTEU3S)Top 25 European pct gainers.......................(.PG.PEUR)Top 25 European pct losers........................(.PL.PEUR)Main stock markets:Dow Jones...............(.DJI) Wall Street report .....Nikkei 225.............(.N225) Tokyo report............FTSE 100...............(.FTSE) London report...........Xetra DAX.............(.GDAXI) Frankfurt items..........FCAC-40.................(.FCHI) Paris items.............PAWorld Indices.....................................Reuters survey of world bourse outlook.........European Asset Allocation........................Reuters News at a glance:Top News.............Equities..............Main oil report...........Main currency report.....Register now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.
Persons: Christel, Dow Jones, Xetra DAX Organizations: France's, Reuters.com, RENAULT SA, Renault, Nissan Motor Co, Mitsubishi Motors Corp, pct, Dow, Nikkei, FTSE, CAC, Reuters, Thomson Locations: Benelux, Tokyo, London, Frankfurt, Paris
Deutsche Bank expected to break profit run in fourth quarter
  + stars: | 2022-01-24 | by ( ) www.reuters.com   time to read: +3 min
Part of Deutsche's overhaul involved reducing dependence on the investment bank's more volatile income. The investment bank has become a fairly stable business, said Andreas Thomae, a portfolio manager at Deka, an investor in the German bank. For the fourth-quarter, the bank is expected to report a net loss attributable to shareholders of around 130 million euros ($147.20 million), based on analysts' estimates. Revenues for the bank as a whole as well as for its investment bank are forecast to have slipped around 4% from a year earlier. Some of the big U.S. banks' fourth-quarter results have disappointed investors partly because of ballooning expenses, hurting profit growth.
Persons: Jan, Christian, Andreas Thomae, Tom Sims, Frank Siebelt, Jane Merriman Organizations: Deutsche Bank, Analysts, UBS, Deutsche, Thomson Locations: FRANKFURT, Germany, Europe
Morning Bid: Bears at the gate
  + stars: | 2022-01-24 | by ( ) www.reuters.com   time to read: +2 min
Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) as markets react to the coronavirus disease (COVID-19) in Frankfurt, Germany, March 25, 2020. And while a U.S. Federal Reserve tightening cycle could be expected to weaken tech and other growth sectors, market stress is actually spread throughout Wall Street. In this context, stakes are building quickly for fourth-quarter earnings, especially after high-visibility stocks such as Netflix and Goldman Sachs disappointed investors. Mega-caps due to update the market this week include IBM (IBM.N), Microsoft (MSFT.O) Tesla (TSLA.O) and Apple (AAPL.O). In the meantime the dollar index is ticking up and bitcoin down to $35,295, almost 50% down from its November peaks.
Persons: Ralph Orlowski, Julien Ponthus, selloff, Joe Biden, Goldman Sachs Organizations: Deutsche, REUTERS, Nasdaq, Federal, ., Treasury, Fed, West, Netflix, IBM, Microsoft, Apple, South, Halliburton, Logitech, Dior, Swatch, Phillips, Philips, Lufthansa, ITA Airways, Register South, Thomson Locations: Frankfurt, Germany, U.S, Wall, Russia, Ukraine, Eastern Europe, Asia, Japan, Register South Korea
Top EU banks to publish 'pioneering' climate data
  + stars: | 2022-01-24 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
The European Banking Authority (EBA) set out environmental, social and governance (ESG) templates for the top 150 banks such as Deutsche Bank, SocGen and UniCredit to complete each year. This will allow investors to compare each bank's exposure to polluting and environmentally-friendly companies, and monitor how fast lenders shift to more sustainable business models. EBA ESG GraphicTWO RATIOSThe requirements break new ground globally by forcing banks to publish two new ratios from 2024. A green asset ratio (GAR) shows a bank's 'green' assets as a proportion of total assets, with green being defined by inclusion in the EU's 'taxonomy' or checklist. A banking book taxonomy alignment ratio (BTAR) measures how a bank's activities contribute to EU climate goals, showing the extent to which they are financing environmentally sustainable activities.
Persons: Ralph Orlowski LONDON, Pilar Gutierrez, Banks, Huw Jones, Kirsten Donovan Organizations: REUTERS, European Union, European Banking Authority, Deutsche Bank, SocGen, EBA, European Commission, Thomson Locations: Frankfurt, European
Planes of German air carrier Lufthansa are photographed at the day of the airline's annual general meeting at the airport in Frankfurt, Germany, May 4, 2021. REUTERS/Kai Pfaffenbach/File PhotoBERLIN, Jan 24 (Reuters) - An alliance of airlines and airports called for changes to the European Union's planned climate change legislation on Monday, arguing it will make them less competitive with non-European rivals. Taking aim at aviation, a sector deemed responsible for up to 3% of global emissions, the European Union presented plans last July that foresee stricter rules on CO2 emissions and the use of synthetic fuel blends, as well as the implementation of a kerosene tax. In principle, the alliance is however in favour of the EU's "Fit for 55" climate package, which aims to reduce greenhouse gas emissions by 55% by 2030 compared with 1990 levels. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ilona Wissenbach Editing by Miranda Murray and Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: Kai Pfaffenbach, Jan, Amsterdam's Schipol, Ilona Wissenbach, Miranda Murray, Susan Fenton Organizations: Lufthansa, REUTERS, Union, Air France, KLM, EU, Thomson Locations: Frankfurt, Germany, Istanbul, Dubai
Several wounded in shooting in German city; gunman dead
  + stars: | 2022-01-24 | by ( ) www.cnbc.com   time to read: +1 min
Police vehicles are parked on the grounds of Heidelberg University in Heidelberg, Germany, Monday, Jan. 24, 2022. A lone gunman wounded several people at a lecture theater in the southwestern German city of Heidelberg on Monday, police said. Police said in a brief statement that the perpetrator was dead, but didn't give details of how that happened. The university's press office declined to give any details on the shooting and referred all inquiries to police. Police said the weapon used in the shooting was a long-barreled firearm.
Organizations: Heidelberg University, Police, Twitter Locations: Heidelberg, Germany, German, Police, Frankfurt
Tensions have escalated after Russia massed an estimated 100,000 troops within reach of the Ukrainian border, although Moscow denies any intention of invading. The U.S. Federal Aviation Administration recently renewed a ban on U.S. airlines flying over parts of eastern Ukraine. Lufthansa serves Kyiv, Lviv and Odessa in Ukraine. Russia annexed the Black Sea peninsula of Crimea from Ukraine in 2014 and has sided with rebels fighting government troops in Ukraine's eastern region of Donbas, where the Ukrainian government says some 14,000 people have been killed. It has demanded that Washington guarantees Ukraine will never join the Western military alliance.
Persons: Kai Pfaffenbach, Jan, MH17, Gabriela Baczynska, Allison Lampert, Tim Hepher, Alexander Smith Organizations: Lufthansa, Frankfurt Airport, REUTERS, Germany's Lufthansa, ., Sunday, L8N2U41TF, Malaysian Airlines, U.S . Federal Aviation Administration, European, NATO, Thomson Locations: Frankfurt, Germany, Ukraine, Russia, Kyiv, Ukrainian, Moscow, Ukraine's, Canada, Lufthansa's Frankfurt, Lviv, Odessa, Crimea, Donbas, European Union, United States, Washington
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