AGP Executive Report
Last update: 7 hours agoFehmarnbelt Link: Major concrete work is complete at the tunnel’s German portal in Puttgarden, including its 450-metre cut-and-cover section and 150-metre light transition zone. Finishing work and preparations for the undersea link continue. Rail Industry: Alstom shares plunged after delays on German regional-train projects prompted a sharp downgrade: the company now expects a 1% operating margin and €1.5 billion cash outflow this year. Industrial Action: IG Metall is calling short-notice walkouts at more than 2,000 workplaces, affecting automotive, engineering, electronics and metal production. The union seeks a 5% pay rise for 3.7 million workers. Logistics: Rhenus has opened a new-energy logistics office in Fuzhou, China, to manage battery-storage shipments, with Europe its main planned trade route. Airlines: Ryanair warns that high jet-fuel prices could persist into 2027, adding pressure on European carriers; its half-year profit fell 15% as fares declined. Rail Safety: Spain’s deadly high-speed crash has renewed scrutiny of ageing signalling and maintenance, including the German-developed LZB system still used on the Madrid–Andalusia line.
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