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BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions

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With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing heavily in tomorrow’s technologies, including expanding its range of mobility services. With the acquisition of Parkmobile, LLC, the company can better address an essential element of urban mobility: parking solutions. “Up to 30 percent of city traffic is caused by people looking for parking spaces. The acquisition of Parkmobile, LCC makes us the leading international provider of digital parking solutions and means we... Read More »

Lufthansa regains place as Europe’s biggest airline from Ryanair

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The Lufthansa group as a whole carried 130 million passengers last year, it said on Wednesday. The equivalent figure from Ryanair was 129 million, meaning Ryanair slips behind Lufthansa after overtaking it in 2016. Lufthansa has grown rapidly, having taken over Brussels Airlines at the end of 2016 and aiming to grow its budget brand Eurowings to become Europe’s third largest point-to-point carrier. The group, which also includes Swiss and Austrian Airlines, has also benefited from the collapse of German rival Air Berlin in the latter part of 20... Read More »

Cars in Europe: diesel’s not dead yet

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France is the European country with the most diesel cars. And yet, it is one of the few countries where diesel has begun to decline. In 2017, more petrol cars were sold than diesel (48% of sales). It’s a big change for the country and a telling sign for the change of the trend across the continent. Diesel car sales had been rising steadily for 30 years In Europe as a whole, 52% of the cars are still fuelled by petrol. Only six of the thirty countries have more diesel cars than petrol. France (70%) and Luxembourg (65%) top the table an... Read More »

Karl Lagerfeld’s homecoming

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The show, which was a kind of homecoming from the label's Hamburg-born designer, Karl Lagerfeld, took place at the Elbphilharmonie, the city’s showstopping new concert hall, designed by contemporary starchitecture firm Herzog & de Meuron. The models were sharing the stage with a live orchestra. Among the models was Cindy Crawford's daughter Kaia Gerber, Victoria's Secret star Grace Elizabeth and Lagerfeld's 9-year-old godson Hudson Kroenig. The 84-year-old designer showcased a collection with a nautical theme. Models wore luxurious, t... Read More »

Ryanair pilots to strike before Christmas

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In Ireland, 79 pilots based in Dublin will strike for one day on 20 December. The airline, which does not recognise unions, said they represented about 28% of its Dublin-based captains. Meanwhile, Ryanair pilots and cabin crew in Italy plan to strike for four hours on 15 December. The airline said last week it would "ignore" the Italian move, claiming staff rarely heeded calls to walk out. Pilots based in Portugal and Germany also plan industrial action. Cockpit, the German pilots' union, said its Ryanair members would strike for better pay ... Read More »

Heavy snow disrupts road, air travel in northern Europe

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Hundreds of air passengers were stranded in Frankfurt, Germany's financial capital, as well as Britain, and many took to Twitter to complain. Some 330 flights were cancelled by 5:00 pm (1600 GMT) after heavy snow and sub-zero temperatures struck the region around Frankfurt, a spokesman for airport operator Fraport told AFP.  The airport - Germany's largest air hub and the home base for major carrier Lufthansa - had been scheduled to handle a total of 1,260 flights over the day. Elsewhere in the country, Duesseldorf airport was forced to close f... Read More »

German spy agency warns of Chinese LinkedIn espionage

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The agency alleges that Chinese intelligence used the networking site to target at least 10,000 Germans, possibly to recruit them as informants. It released a number of fake profiles allegedly used for this purpose. BfV head Hans-Georg Maassen said the accounts show China's efforts to subvert top-level German politics. "This is a broad-based attempt to infiltrate in particular parliaments, ministries and government agencies," he said. China has denied similar allegations of cyber espionage in the past and has not yet responded to the Germ... Read More »

Burton Mills: Germany to Post Budget Surplus

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Burton Mills: Projected budget surplus would be a win for Angela Merkel’s administration and the parties it hopes to form a coalition with. According to recent reports, Germany could announce a budget surplus of 14 billion euros this year. A budget surplus of this size would give Chancellor Angela Merkel’s conservative party significantly more room to negotiate as it attempts to form a new coalition with the Greens and Free Democrats. Taipei, Taiwan- based investment house Burton Mills’ economists stated that the new budget projections we... Read More »

Ad hoc: Profit before tax and revenues of BMW Group above market expectations in first quarter of 2017

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Munich. In the first quarter of the financial year 2017, the BMW Group achieved a profit before tax of € 3,005 million (2016 Q1: € 2,368 million / +26.9%). This result exceeds current market expectations and was driven in particular by positive valuation effects.   The significant increase of the profit before tax was largely due to the following effects in the financial result: A positive valuation effect of € 183 million in connection with the participation of new investors in the mapping service HERE An increase in the other... Read More »

DHL and Gatwick open new waste management plant – becoming the first airport in the world to turn Category 1 airline waste into energy onsite

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Gatwick Airport and DHL Supply Chain today formally open a new waste management plant, becoming the first airport in the world to turn airport waste, such as food and packaging, into energy onsite.DHL’s new £3.8million waste plant not only disposes of Category 1 waste safely onsite, but converts it and other organic waste into energy to heat Gatwick’s waste management site and power the site's water recovery system. The plant is set to save £1,000 in energy and waste management costs for every day it operates. Category 1 forms the majority o... Read More »

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