Richard Weiss News
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Shortly after 10 p.m. in Frankfurt, Peter Meany settled into his seat on Qantas Airways Ltd. flight QF6, looking forward to reuniting with his family in Sydney for his son’s birthday after a two-week business trip across Europe.
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Fraport AG, the operator of Europe’s third-largest airport, said it will start operating a third passenger terminal about 3 years later than previously planned as demand for air traffic slows.
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Deutsche Post AG is testing secure boxes installed at people’s homes to enable a drop-off even when the recipient is out as the German mail service seeks to boost deliveries of food and consumer goods in its home market.
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Miland Petrozza, the front man of German thrash metal veterans Kreator, is more used to his fans wading through mud and sleeping in tents than coming to his concerts from an afternoon of shuffle board.
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TUI AG said it plans to generate 1 billion euros ($1.3 billion) in operating profit by 2015 and resume its dividend as new Chief Executive Officer Friedrich Joussen overhauls Europe’s largest tour operator.
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Deutsche Post AG, Europe’s largest postal service, reported profit that beat analysts’ predictions because of growth at express-delivery businesses abroad, sending the stock to the highest in almost five years.
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TUI Travel Plc, Europe’s largest tour operator, said full-year earnings are likely to be higher than previously forecast after wintery weather that persisted until Easter boosted bookings from Britain to Scandinavia.
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The German government has approved the export of 104 battle tanks to Indonesia, in the second major defense deal in three weeks involving German equipment.
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The decision by Deutsche Lufthansa AG’s supervisory board to back Wolfgang Mayrhuber’s aspirations to become chairman against investor opposition shows the hurdles in dismantling the chief executive-to-chairman German model.
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Deutsche Lufthansa AG, Europe’s second-biggest airline, promoted two executives to its top management body to succeed Stefan Lauer, the head of passenger operations outside its main brand, who will leave in mid-2013.
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