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The deal would value Arriva, which operates red London buses and train services in the UK, at around 1.6 billion euros ($1.68 billion) including debt, the sources said. However, while the deal is nearing final stages, the sources cautioned that the timing could still shift. Deutsche Bahn said in an emailed statement: "We want to sell DB Arriva by the end of 2024. Reuters reported in April that British transport company FirstGroup (FGP.L) and I Squared had been weighing competing bids for parts of Arriva. Its annual sales rose to 4.2 billion euros in 2022, making up 7.5% of Deutsche Bahn's total revenue.

Persons: Andrew Couldridge, Emma, Victoria Farr, Andres Gonzalez, Markus Wacket, Susan Fenton Organizations: Arriva, REUTERS, Squared Capital, Deutsche, Reuters, Financial Times, Deutsche Bahn, DB Arriva, London's, Cross Country, Deutsche Bahn's, Thomson Locations: Harlow , Britain, FRANKFURT, LONDON, Miami

☆ German startup Fernride raises $50 mln for self-driving freight trucks
▼ + stars: | 2023-09-20 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Sept 20 (Reuters) - German self-driving startup Fernride said on Wednesday that it has raised $50 million in Series A funding to increase the use of its "human-assisted" autonomous freight trucks in customer's logistics yards. The Munich-based startup had initially closed the funding round with $31 million, but had extended it due to high investor interest, the company said. New investors include Munich Re's venture capital arm Munich Re Ventures, Bavarian venture capital firm Bayern Kapital and former Siemens Klaus Kleinfeld, who will become chairman of the board at Fernride. Existing investors, including strategic investors HHLA (HHFGn.DE) and Deutsche Bahn (DBN.UL) unit DB Schenker also participated in the funding round. Fernride's trucks currently operate autonomously around 80% of the time, then remote human operators to step in to help the remainder of the time.

Persons: Siemens Klaus Kleinfeld, Hendrik Kramer, DB, Kramer, Nick Carey, David Evans Organizations: Munich Re Ventures, Bayern Kapital, Siemens, Deutsche Bahn, DB Schenker, Volkswagen, Thomson Locations: Munich, Bavarian, Fernride, Hamburg

☆ Opinion: Musk, McCarthy and Romney are three kinds of leaders
▼ + stars: | 2023-09-17 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.

Persons: CNN — “ Troy, Hadrian, …, ”, George S, Patton, “, Stephen D, Clay Jones, Elon Musks, Elon, Nicole Hemmer’s, Walter Isaacson, Musk “, Musk, ” “ Isaacson, Isaacson, ” Hemmer, Walt Handelsman, Kevin McCarthy, Donald Trump, McCarthy, Joe Biden, “ Trump, impeaching Biden, Norman Eisen, Trump, ” Eisen, Biden, James Antle III, ’, Hunter, McCarthy “, John Avlon, Dennis Aftergut, Lindsey Graham wasn’t, Michelle Lujan Grisham, she’s, Hunter Biden, Robert J, Spitzer, It’s, ” Vladimir, Kim, Vladimir Putin, Kim Jong, Frida Ghitis, Putin, vaingloriously, Peter the Great, Sébastien Roblin, Don’t, Romney Francis Chung, AP Sen, Mitt Romney, Romney, Sen, John McCain, Trump’s, Lanhee J, Chen, Lisa Benson, Kate Bahn, ’ I’m, —, Dana Peterson, Erik Lundh, ” Dana Summers, Kunis Mila Kunis, Ashton Kutcher, Mila Kunis, Danny Masterson, Jill Filipovic, “ Kutcher, Kunis, Kutcher, Masterson, Danilo Cavalcante, Arick, Scott Stantis, Jeff Yang, Jets Phil Hands, Julian Zelizer, Aaron Rodgers ’, ” Don’t, Nick Anderson, Tess Taylor, Tommy Tuberville, Mahnaz, Roxanne Jones, Coco Gauff, Amanda Tyler, Lara Setrakian, Paul Hockenos, Don Lincoln, Sophia Nelson, Tim Scott, Kenneth Branagh, Agatha Christie’s, Hercule Poirot, Noah Berlatsky, Poirot, Branagh, Sara Stewart, Winona Ryder Organizations: CNN, US, Marine Corps, Third Army, Vostochny, Twitter, Defamation League, Agency, Caucus, Republicans, Democrats, White, North, Putin, AP, Senate, Hollywood, Motors, Ford, Chrysler, Dodge, Peugeot, United Auto Workers, UAW, “, Federal Reserve, Conference Board, Ninth, Academy Museum of Motion Pictures, REUTERS, Reuters, Apple, European Union, Jets, Boston Red Sox, The Chicago Cubs, The New York Jets, New York Jets, MetLife, Tribune, Studios Locations: China, Washington, New Mexico, Detroit, Russia’s, South Africa, Hunter Biden’s, Albuquerque, Bernalillo County, Russia, Ukraine, ”, Los Angeles , California, U.S, Aude, Pennsylvania, Brazil, Cupertino , California, Iran, New Texas, Venice

BERLIN (AP) — A series of fires hit railway infrastructure in the German city of Hamburg overnight, causing widespread disruption to trains between Hamburg and Berlin and between the port city and the Baltic Sea coast. Railway operator Deutsche Bahn said that trains on the main high-speed route between Hamburg and Berlin were canceled because of vandalism. It said it was running some trains on an alternative route that takes up to an hour longer. Hamburg police said that cable ducts next to railway lines were set on fire at three locations in the city between 2:30 and 4 a.m. They said in a statement that they suspect “a political motive as the background” and are seeking witnesses, but gave no further details of the reasons for their suspicions.

Persons: “, ” Organizations: BERLIN, Police, Deutsche Bahn, Hamburg Locations: German, Hamburg, Berlin, Baltic, Rostock

German Chancellor Olaf Scholz speaks during a plenum session of the lower house of parliament, Bundestag, for a general debate on the Federal Government policy in Berlin, Germany September 6, 2023. The chancellor announced a new "Germany pact" with a bundle of measures aimed at reducing bureaucracy, speeding up approval processes for new construction and digitising citizens’ access to key government services. The chancellor rejected the idea of fresh stimulus to boost an economy battling high inflation, financing costs and a drop in exports. Such sums showed Germany was holding its own vis-à-vis the U.S. and the $430 billion U.S. Inflation Reduction Act, he said. For a special Reuters World News podcast on what is ailing the German economy please click here .

Persons: Olaf Scholz, Annegret, Scholz, Sarah Marsh, Andreas Rinke, Thomas Escritt, Miranda Murray, Friederike Heine Our Organizations: Bundestag, Federal Government, REUTERS, Scholz's Social Democrats, Deutsche, Reuters, Thomson Locations: Berlin, Germany, BERLIN, Europe's

☆ A Sculptor Breaks Through, Taking the Walls Down With Her
▼ + stars: | 2023-09-06 | by ( Siddhartha Mitter | More About Siddhartha Mitter | ) www.nytimes.com time to read: +2 min

At MoMA, meanwhile, a new sculpture has gone on extended view in the sculpture garden, titled “S’adossant (Pauline)” or “Reclining (Pauline).” Its three main sections are painted a fleshy pink and suggest a reclining figure. Among past incarnations, they told me, the building was once a depot where the East German army painted tanks before parades. Baghramian is a creature of Berlin arguably more than she is German, having lived in the city stateless for years before receiving citizenship. She spent tedious hours in government offices helping newcomers with paperwork, and worked at the women’s shelter that her sister Louise co-founded. “It was a flux moment,” she said of the 1990s in Berlin, “when things were changing and unstable in a positive way.”

Persons: S’adossant, Pauline, ”, “, I’ve, Baghramian, Michel Ziegler, Louise Organizations: MoMA, East Locations: Berlin, Isfahan, Islamic Republic, Iran, East Berlin, West Berlin

☆ Huawei ban would cost German rail operator 400 million euros, der Spiegel reports
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

A Huawei logo is seen on a cell phone screen in their store at Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido/File photoBERLIN, Aug 4 (Reuters) - Germany's national railway operator would have to spend up to 400 million euros ($437.44 million) to replace all the components in its infrastructure supplied by Chinese tech giant Huawei Technologies [RIC:RIC:HWT.UL], Spiegel magazine reported on Friday. Deutsche Bahn, which is state-owned, would face delays of five to six years for its projects if the German government decided to ban Huawei components in the short term, the report said, citing an internal company document. A spokesperson for Deutsche Bahn said the company would not comment on internal documents. Any decision to ban Huawei outright would likely draw an angry response from Beijing, with the Chinese foreign ministry having urged Berlin to act in line with its own interests and international rules.

Persons: Rodrigo Garrido, Rachel More, Miranda Murray Organizations: Huawei, Vina del, REUTERS, Huawei Technologies, Spiegel, Deutsche Bahn, Deutsche Telekom, Thomson Locations: Vina del Mar, Chile, BERLIN, Beijing, Berlin

☆ Europe's sleeper train network is expanding. Can it go the distance?
▼ + stars: | 2023-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

For more than a century, sleeper trains have provided a way for everyone, from budget backpackers to royals, to get around Europe. Mounting cost issues led several big operators — such as Germany's Deutsche Bahn — to scrap them over the last decade. Hopes are now building that the night train is heading in a new direction. Large operators like Austria's ÖBB have also committed to their night train products, rolling out modern carriages with improved amenities. So, are sleeper trains back on track?

Organizations: Deutsche Bahn Locations: Europe, Brussels, Berlin

"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.

Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon

☆ Strikes cripple German rail network, four airports
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

The walkout, organised by the EVG union, was due to run from 3 a.m. (0100 GMT) to 11 a.m, though the train network was expected to be impacted for the whole day. State-owned Deutsche Bahn said all its long-distance connections would be cancelled until 1 p.m. and that few commuter trains would run. Deutsche Bahn has offered 5% and one-off payments of up to 2,500 euros. Friday's transport strike was set to coincide with a walkout at four German airports - Duesseldorf, Hamburg, Cologne Bonn and Stuttgart - by members of the Verdi union. ($1 = 0.9118 euros)Writing by Rachel More, Editing by Friederike Heine and John StonestreetOur Standards: The Thomson Reuters Trust Principles.

LONDON, April 20 (Reuters) - British transport company FirstGroup (FGP.L) and infrastructure fund I Squared are weighing competing bids for parts of Deutsche Bahn's international transport business Arriva, according to a number of people familiar with the matter. The British transport company may also consider partnering with another bidder for the UK operations, the two added. Arriva, Deutsche Bahn, FirstGroup and I Squared declined to comment. A Bloomberg report in January suggested Arriva may now fetch as much as 2 billion euros. Binding offers for Arriva are expected in the next couple of months, two of the sources said.

☆ Three German airports empty as transport strikes begin
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 20 (Reuters) - Airports in Dusseldorf, Hamburg and Cologne Bonn were virtually empty on Thursday in the first of another round of strikes called by Germany's Verdi trade union over the cost of living crisis. Nearly 100,000 people will be affected by aviation security worker strikes on Thursday and Friday at the three airports, airport association ADV said, with around 700 departing flights to be cancelled. "The situation in the terminals today is the same as previous Verdi strikes this year: departure terminals are empty, the situation is calm," a Hamburg airport spokesperson said in a statement. Germany's EVG union has also called for a nationwide transport strike on Friday, with national rail operator Deutsche Bahn among the companies impacted. The strike will affect 50 companies and run from 3 a.m. until 11 a.m. (0100 GMT-0900 GMT), with significant disruption expected, the railway and transport union said.

☆ German union announces nationwide transport strike for Friday
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - Germany's EVG union announced on Wednesday a nationwide transport strike for Friday, with national rail operator Deutsche Bahn among the companies impacted. The strike will affect 50 companies and run from 3 am (0100 GMT) until 11 am (0900 GMT), the railway and transport union said. The Verdi union has also called on security control workers to strike at three airports on Thursday and Friday. The EVG, which is negotiating on behalf of 230,000 workers, is seeking a 12 % wage increase or at least an additional 650 euros per month. The state-owned Deutsche Bahn has offered 5% more and one-off payments of up to 2,500 euros.

BERLIN/FRANKFURT, March 27 (Reuters) - A massive strike in Germany was set to begin early Monday, crippling mass transport and airports in one of the biggest walkouts in decades as Europe's largest economy reels from soaring inflation. But officials in Germany have made clear that their fight is only about pay. The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports. Railway and transport union EVG negotiates for around 230,000 employees at railway operator Deutsche Bahn (DBN.UL) and bus companies. Employers are also warning that higher wages for transport workers would result in higher fares and taxes to make up the difference.

Two of Germany's largest airports, Munich and Frankfurt, suspended flights, while long-distance rail services were cancelled by rail operator Deutsche Bahn (DBN.UL). "Millions of passengers who depend on buses and trains are suffering from this excessive, exaggerated strike," a Deutsche Bahn spokesperson said on Monday. At the same time, in France they go on strike all the time about something," said passenger Lars Boehm. The head of the Bundesbank Joachim Nagel said last week Germany needed to avoid a price-wage spiral. "Despite signs of second-round effects, we have not observed a destabilising price-wage spiral in Germany so far."

[1/5] A general view inside the Munich Airport during a strike called by the German trade union Verdi over a wage dispute, in Munich, Germany, March 26, 2023. "The people are not only underpaid, they are hopelessly overworked," Frank Werneke, head of the Verdi labour union, told Bild am Sonntag. The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports. Railway and transport union EVG negotiates for around 230,000 employees at Deutsche Bahn (DBN.UL) and bus companies. "It is a matter of survival for many thousands of employees to get a considerable pay rise," he said.

The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports. Railway and transport union EVG negotiates for around 230,000 employees at Deutsche Bahn (DBN.UL) and bus companies. Verdi has called on around 120,000 employees in the transport and infrastructure sectors, including ground and air traffic service providers, shipping, motorways and municipal ports, to join the strikes. We want a negotiable offer," said Martin Burkert, the chairman of the EVG union, which represents workers at 50 transport companies, including railway operator Deutsche Bahn. German airport association ADV also condemned the strikes expected to hit around 380,000 air travellers on Monday as all airports across Germany, except Berlin, would come to a virtual standstill.

A DB spokesperson told Reuters that under current IT security legislation it did not have to run network components by Germany's cybersecurity office, the BSI, unlike public telecoms network operators. A BSI spokesperson said it was not aware of any law that determined the DB IT systems as "critical components". A Huawei spokesperson said the firm would never harm any nation or individual. The December contract with Deutsche Telekom Business Solutions, a subsidiary of Deutsche Telekom, is for Huawei tech like switches and routers. A government source said it had detected some operators had already built in Huawei critical components without waiting for a BSI green light and could be required to replace those.

☆ Europe is trying to move from planes to trains. Here's how that's going
▼ + stars: | 2023-03-07 | by ( Miquel Ros | ) edition.cnn.com time to read: +11 min

Aviation emissions in Europe increased an average of 5% year-on-year between 2013 and 2019, according to the EU. Not surprisingly these moves have set alarm bells ringing in the aviation industry. “For many decision-makers, banning short-haul flights and showing support to the rail industry is an easy win to gain favor with the public, especially in Europe,” Montserrat Barriga, the ERA’s director general, told CNN. “Governments continue ignoring the biggest source of aviation emissions – long-haul flights, that remain unpriced and unregulated,” says T&E’s Dardenne. Better connectivity between intercity rail and airports would also reduce the need for short-haul flights.

☆ Logistics Giant Kuehne + Nagel Seeks Expansion
▼ + stars: | 2023-03-07 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

Kuehne + Nagel CEO Stefan Paul. Photo: Kuehne + NagelAs a forwarder, Kuehne + Nagel helps companies move freight around the world by ocean, air and land and is a dominant player in the automotive, industrial, retail, aerospace, healthcare and high-tech industries. What do you see as potential growth areas for Kuehne + Nagel in the contract logistics space? Does that make it easier for a company like Kuehne + Nagel to jump in? How would that affect Kuehne + Nagel?

This is causing flight delays and cancellations. We regret the inconvenience this is causing our passengers,” Lufthansa said on Twitter. Lufthansa owns carriers Austrian Airlines, Brussels Airlines, Eurowings and Swiss. In a separate statement on its website, Lufthansa recommended that passengers in Frankfurt avoid traveling to the city’s airport. Passengers with domestic flights can switch to Deutsche Bahn — Germany’s national rail service — for free until Sunday, the airline added.

☆ Strong U.S. job growth expected in January; wages seen cooling
▼ + stars: | 2023-02-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"Wage growth is decelerating less than inflation," said Kate Bahn, chief economist at the Washington Center for Equitable Growth in Washington. It will also incorporate new population estimates in the household survey, from which the unemployment rate is derived. As such January's unemployment rate will not be directly comparable to December. REVISIONS IN FOCUSThe revisions will attract attention after researchers at the Philadelphia Fed published a paper in December that suggested employment growth in the second quarter was overstated by a million jobs. Economists will be closely watching the labor force for signs whether the current pace of job growth will persist.

☆ Black women are gaining ground in the labor market but still face unique barriers
▼ + stars: | 2023-02-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

January's drop in Black unemployment was propelled by gains made by Black women, whose unemployment rate excluding teenagers dropped to 4.7% in January from 5.5% in December. The last time the Black unemployment rate was below 5.5% was in September 2019, while Black women last had a sub-5% unemployment rate in November 2021. She pointed to the discrimination Black people face in hiring and the increased likelihood of layoffs Black workers experience as two examples. While Black men saw a 0.2 percentage point gain between December and January, Black women added 1.1 percentage points. She said the gains in employment could be attributed at least in part to the tightness of the overall labor market.

☆ I used to work as a chef in Philadelphia. Here are the 12 restaurants I always recommend to first-time visitors.
▼ + stars: | 2023-01-28 | by ( Grace Kennedy | ) www.businessinsider.com time to read: +11 min

I'm a Philadelphia native who used to work as a chef and baker in restaurants around the city. Philadelphia is known for its cheesesteaks, but it also has great Mexican, Italian, and Thai food. There are too many restaurants in Philadelphia worth trying to list them all here. However, these 12 restaurants are my tried-and-true favorites that every first-time visitor should try during a trip to Philadelphia. In my opinion, it serves some of the best Thai food in the country.

☆ Two killed in knife attack on German train - authorities
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

[1/5] Forensic experts stand next to a train on which an incident involving a knife attack took place, at a railway station in Brokstedt, Germany, January 25, 2023. REUTERS/Fabian BimmerBERLIN, Jan 25 (Reuters) - Two people were killed and several others injured in a knife attack on Wednesday on a regional train travelling between Kiel and Hamburg in northern Germany, authorities said. Earlier, the Bild newspaper had said five people were injured in the attack. Police were investigating at the train station in Brokstedt, the German railway Deutsche Bahn said on Twitter, adding some services between the two cities had been cancelled. "Federal and state police are working closely together on investigating this case," state interior minister Sabine Suettelin-Waack said in a statement.

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