Passengers wait on a regional railway station in Munich, southern Germany, during a wage strike by German train drivers on September 4, 2021. Christof STACHE / AFP
German rail operator Deutsche Bahn made an improved offer to train drivers on Saturday in a bid to avert a fourth strike in a pay dispute that has already paralysed large parts of passenger traffic over the holiday season.
The GDL drivers union ended its third and longest strike in this pay round on Tuesday in action that left passengers stranded and hit freight services in Europe's biggest economy.
It threatened to call a new strike if state-owned Deutsche Bahn did not come up with a better offer by early next week.
In addition to a 3.2% wage rise staggered over 36 months and a coronavirus bonus for 2021, both of which were already on the table, Bahn said it had offered an additional component and was ready to review the scope of the GDL union's collective bargaining arrangements.
It also said it had made some commitments on pensions.
"A wage deal with the GDL is overdue," said Bahn head of human resources Martin Seiler in a statement, demanding that the union return to negotiations quickly.
Among its demands, the union wants a wage increase of 3.2% but with earlier payouts and a coronavirus bonus of 600 euros.
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
The UAE and the Democratic Republic of Congo have formalised economic ties through signing a Comprehensive Economic Partnership Agreement (CEPA) on Monday that aims to reduce tariffs and eliminate trade barriers.
The United Arab Emirates has pledged $500 million in humanitarian assistance for Sudan, as international efforts continue to address the worsening crisis caused by the country’s ongoing civil war.
Dubai’s Roads and Transport Authority (RTA) has unveiled an autonomous electric transit system that officials say could transform urban travel and help ease congestion across the emirate.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has announced a new Life and Biodiversity Laboratory, as part of efforts to promote conservation science and protect species from extinction.