Stories from Frankfurt · Germany

The company is working with Goldman Sachs to facilitate the sale of a 74% stake held by German-based BiVar. Chief Executive Gareth Edgecom stated that the sale process and the original turn effect are separate and largely coincidental.

Lufthansa announced plans to reduce 20,000 short-haul flights through October of this year. The airline aims to save 40,000 tons of fuel through these cancellations. Scandinavian airlines have already canceled 1,000 flights for the coming months. The move follows reported strikes in the Black Sea region. An Asian airline has also adjusted its flight routes.

A signaling system malfunction at the Frankfurt am Main Airport Long-Distance Station (FFLF) caused service disruptions. The outage began at 21:13 on April 29 and was expected to last until 00:37 on April 30. NISAR data is being used to map subsidence in Mexico City.

Authorities in Hessen confirmed the presence of wolf DNA in samples taken following the discovery of nine dead sheep at the Lantal outdoor center. The owner discovered the carcasses during the weekend of April 2.

Authorities reported that 45,000 animals died in one operation in the Oder-Spree district and over 18,000 animals died in the Märkisch-Oderland district. This brings the total number of animal disease outbreaks identified in Brandenburg to 21 this year.

Germany is losing ground in international pharmaceutical competitiveness despite reporting 18.4 billion euros in revenue last year. Fewer new pharmaceutical developments are successfully transitioning from the research phase in Germany.

Prosecutors have requested the arrest of five individuals in the trial of former M4-Ristin Daniela Klett. The charges include attempted murder and robbery. Prosecutors allege the suspects were involved in several robberies. The court proceedings are ongoing.

The head of the German pharmaceutical industry, aged 42, stated that Germany faces intense international competition from the USA and China. He noted that competitors offer less bureaucracy and faster approval processes.

The technology sector has experienced a market downturn, according to Eckhardt Schulte of MindSky Asset Management. The decline in the tech sector is impacting the broader market.

Anke Bosch estimates that between 3.5 and 6 million euros will be provided to the city for specific environmental projects. The funds are earmarked for local transport projects and environmental education within a new urban forest.