Media Focus on Multinational Corporations[2022.07.18]






China installs standardized unmanned offshore oil-gas platform

BEIJING, July 14 (Xinhua) -- An unmanned offshore oil and gas platform has completed installation on the Enping oilfield in the eastern South China Sea, the China National Offshore Oil Corporation (CNOOC) has said.

The platform was made by the CNOOC with standardized design and construction, the company said on Wednesday. It is the first of its kind by the company, and can save remarkable construction and maintenance costs by removing facilities such as offices and living buildings.

The platform is more intelligent, capable of remote monitoring and logging and conducting a safe shutdown of facilities on the sea.

Meanwhile, its oil and gas processing capacity has significantly improved, and it can operate during typhoons without suspension.

The weight of the platform is only one-third of that of a traditional one, and the deck area is half. Thus the maintenance workload can be reduced by 30 percent, saving annual operation and maintenance costs of more than 10 million yuan (about 1.5 million U.S. dollars), according to the company. Enditem

Siemens Energy

Siemens Energy to Power Low-Emission LNG Facility in Canada

Siemens Energy has been selected as the single solution supplier for the all-electric Woodfibre LNG project in British Columbia, Canada, the company said on Tuesday.

LNG will play an essential role in a more sustainable future as we continue looking at ways to decarbonize the natural gas chain,Thorbjörn Fors, executive vice president at Siemens Energy, said. This project is important, because it will help support the journey toward global decarbonization with exports to Asian economies currently driven by coal.

The environmentally friendly LNG facility will be located at the site of a former pulp and paper operation. It will be sized for 2.1 million tonnes per annum and utilize clean, renewable hydroelectricity, reducing its greenhouse gas emissions by more than 80%.

Siemens Energys scope includes all equipment associated with the main refrigeration trains, including compressors, synchronous motors, variable speed drives, converter transformers, harmonic filters, and numerous powerhouses. The main refrigeration compressor trains are one of the components of the liquefaction process that produces the LNG that will eventually be stored in tanks and then transported to LNG tankers for shipping abroad.

Woodfibre LNG is working to incorporate a sustainable approach into as many aspects of our projects engineering and design as possible,Siemens Energys President Christine Kennedy said. This includes using safe, efficient equipment for the LNG refrigeration process like that which Siemens Energy will supply to build what will become the worlds lowest-emission LNG export facility.

The project is expected to reach substantial completion in 2027 and begin commercial operation by September of that year.



Bosch to Invest $3.01 Bln in Semiconductor Business by 2026

Robert Bosch GmbH said Wednesday that it will invest 3 billion euros ($3.01 billion) in its semiconductor division by 2026, as part of the European Union's push to ramp up chip production.

The German automotive supplier said it will use a share of the investment to build two new development centers at two of its locations in Germany.

The investment is part of the region's funding program for microelectronics and communications technology called IPCEI, which intends to promote research and innovation, the company said. It isn't clear to what extent the EU would contribute to Bosch's plans.


Nikon is reportedly dropping out of the market for SLR cameras

Optics and imaging giant Nikon will stop making new single lens reflex cameras once the technological mainstay of professional photography according to a report from Nikkei.

The death of SLR cameras has been coming for quite some time, as mirrorless alternatives have increased in image quality while offering consumers the option to use lighter and smaller products.

According to Nikkei, Nikon will continue to produce and distribute its existing SLR models, but will focus development of new models entirely on mirrorless. Nikkei notes that Nikons SLR cameras were widely used by professional cameramen for more than 60 years and have come to be seen as synonymous with the Japanese company.

In a press statement, Nikon neither confirmed nor denied the report, but said the article was speculation and Nikon has made no announcement in this regards,noting that Nikon is continuing the production, sales and service of digital SLR.

Just last month, Nikon announced that it was discontinuing two of its more affordable DSLRs, the D3500 and D5600, saying it wanted to focus more on mid to high end cameras and lenses, targeted at professional and hobbyist photographerswhile strengthening products for younger users for whom video is the primary focus.Last year, according to Nikkei, Nikon sold more than 400,000 SLR cameras.

As well as the rise of mirrorless tech, SLR cameras have also been out-competed by smartphone technology, which has shrunk the camera market over decades.

Canon, the market leader in SLR cameras, has been making similar retreats from the technology, and last year stated that its EOS-1D X Mark III would be its last flagship DSLR camera. At the time, Canons CEO said that market needs are rapidly moving toward mirrorless cameras. So accordingly, were increasingly moving people in that direction,but suggested the company would continue make some intro- and mid-range level DSLR cameras in future.

Bill & Melinda Gates Foundation

In Response to Compounding Global Crises, Bill & Melinda Gates Foundation Announces Intent to Increase Annual Payout by 50%, to US$9 Billion per Year by 2026

SEATTLE (July 13, 2022) - Today, the Bill & Melinda Gates Foundation announced its intent to increase its annual payout by 50% over pre-pandemic levels, to $9 billion annually by 2026the result of two decades of generous contributions from Bill Gates, Melinda French Gates, and Warren Buffett, including their recent gifts to the foundations endowment.

This decision responds to compounding global crises, including an ongoing pandemic that has stalled or reversed two decades of stunning progress toward ending preventable disease, improving education, achieving gender equality, and reducing poverty around the world. The foundations board of trustees is fully aligned with the plan to increase the annual payout, which will enable the foundations partners to accelerate pandemic recovery and regain ground in existing focus areas.

Bill Gates announced today a $20 billion gift to the endowment on Gates Notes, which meets and exceeds his and Melinda French Gatesjoint commitment of $15 billion last summer and builds on Warren Buffetts $3.1 billion annual gift last month. With the addition of these gifts, the foundations endowment will be approximately $70 billion.

Thanks to the unparalleled generosity of Bill, Melinda, and Warren, the foundation is in a strong position to help respond to critical headwinds in health and development now and into the future,said foundation CEO Mark Suzman. Their gifts and the intention of the board to spend that money on todays challenges will allow us to extend our transformational program strategies, partnerships, and impact.

Overlapping crisesincluding the pandemic, rising inflation, the war in Ukraine, and climate changerequire philanthropists as well as governments and the private sector to step up to address growing inequity.

Despite huge global setbacks in the past few years, I see incredible heroism and sacrifice all over the world and I believe progress is possible,said Bill Gates, co-chair. But the great crises of our time require all of us to do more. This is why I am raising my giving to the Gates Foundation, helping to increase payout to $9 billion every year. I hope by giving more, we can mitigate some of the suffering people are facing right now and help fulfill the foundations vision to give every person the chance to live a healthy and productive life.

Co-chair Melinda French Gates said, Philanthropy has a unique role to play in helping people around the world recover from the pandemic and rebuild the underlying systems that left so many so vulnerable to begin with. The foundation has spent more than two decades forging relationships with a broad range of partners with the vision and expertise to accelerate the pace of progress for everyone. This additional spending will support our partnersimportant work to promote a fair and inclusive recovery and a healthier, more equal future.

These new resources will enable the foundation to increase its investments in its existing strategies, which include global health and development, gender equality, and education, primarily in low- and middle-income countries, in addition to its work in U.S. education and economic mobility. The foundations annual budgets are subject to formal board approval; all board members have agreed in principle to an increased payout target of $9 billion annually by 2026.

Minouche Shafik, board member, said, The past two years have widened economic gaps between people around the world and wrought damage in every community. At a time when the impulse may be to turn inward, its critical we do the opposite. Strengthening our resolve and stepping up contributions is the only way to reverse these trends. We need all those who can to invest more in providing opportunity and a decent life for others. The foundation has played an important role in spurring progress, and our intention to step up spending will continue this far into the future.

Strive Masiyiwa, board member, said, These additional gifts are for all humankind, as they will benefit people around the world as we collectively seek ways to end this pandemic and spur an inclusive recovery. Todays crises will not resolve without concerted action across sectors, and philanthropy has shown its ability to lead. The foundations capacity to substantially increase spending now and into the future rises to the challenges we face.

Since 2006, Buffett has contributed $35.7 billion to the foundationapproximately half of its total resources which has helped catalyze new areas of focus for the foundation, including delivery and scale-up of critical innovations in agriculture, financial services for the poor, and U.S. education. His contributions have also sharply increased investments in multilateral organizationssuch as the Global Fund to Fight AIDS, Tuberculosis and Malaria; Gavi, the Vaccine Alliance; and the Global Polio Eradication Initiativethat have been instrumental in saving almost 60 million lives since 2002 and nearly eradicating polio worldwide. Since 1994, Bill Gates and Melinda French Gates have contributed $39 billion to the foundation. Since 2000, the foundation has spent $79.2 billion.

Tom Tierney, board member, said, Philanthropy is driving unprecedented impact on issues ranging from global health to gender equality to social justice. To help address the needs of the worlds most vulnerable people, donors are more innovative, effective, and collaborative than ever before. Bill, Melinda, and Warren walk the talk: Their personal commitments are an inspiration to all who aspire to make a difference during their lifetimes. Todays gift is a call to action for the worlds wealthiest to do more, now.

The foundation achieves impact through grant funding for research and development, capacity building, and delivery through multilateral and local institutions. New challenges have led to new priorities and increased annual payout, which reached nearly $6 billion in 2019. Over the past two years, the foundation has also made commitments of $2.1 billion to gender equality, nearly $1 billion to advance global nutrition, and over $2 billion to address the COVID-19 pandemic.

Beixi No. 1

Beixi No. 1 annual maintenance shutdown

The German-Russian 'Beixi-1' pipeline, which transports 55 billion square meters (bcm) of natural gas every year, entered a ten-day annual maintenance on July 11. In the past, during the period when the 'North Stream No. 1' was cut off from supply, the Russian side often used the route through Poland.

The German-Russian 'Beixi-1' pipeline, which transports 55 billion square meters (bcm) of natural gas every year, entered a ten-day annual maintenance on July 11.

In the past, the Russian side often used other pipelines through Poland or Ukraine to supplement the supply when the supply of the 'North Stream No. 1' was cut off.

German Deputy Chancellor and Economy Minister Robert Habeck even warned that Russia may not lose gas after the maintenance deadline, calling it a 'nightmare scenario' and calling on Germans to prepare for the worst.

The gas supply of Nord Stream 1 accounts for more than half of Germany's annual natural gas consumption, which can be regarded as the lifeblood of German natural gas.

At this moment, Germany has entered the second level of the three emergency levels of energy shortages, and it is getting closer to the third level of 'energy rationing' implemented by the state.

Just last month, Russia had cut Nord Stream 1's gas delivery to 40 percent of its capacity, accusing Germany of 'weaponizing' the energy supply.

At that time, the reason of the Russian side was that after the six sets of turbines used for Nord Stream 1 were repaired and maintained in Canada, they could not be returned due to the sanctions imposed by the Canadian side against Russia.

Germany has always used this as an excuse for Russia to reduce supply, because even if the Nord Stream 1 gas transmission is affected, Russia can still use other pipelines to make up.

However, on July 10, Canada, under pressure from Germany, decided to temporarily suspend the implementation of sanctions so that the turbines could be shipped back to Russia.

Germany believes that this can reduce Russia's excuse for cutting off natural gas supplies.

Some analysts believe that this is a victory for the Russian natural gas brand.


Twitter sues Elon Musk to force him to complete acquisition

New York (CNN Business)Twitter has sued billionaire Elon Musk in an effort to force him to follow through with his deal to buy the social media company.

The lawsuit, filed in the Delaware Court of Chancery on Tuesday, comes after Musk said in a letter to Twitter's top lawyer late Friday that he wants to terminate the blockbuster $44 billion acquisition agreement.

Musk's lawyer alleged in Friday's letter that Twitter (TWTR) is 'in material breach of multiple provisions' of the deal, claiming the company has withheld data Musk requested in order to evaluate the number of bots and spam accounts on the platform. Twitter's legal team hit back in a letter on Monday, calling Musk's attempted termination 'invalid and wrongful,' claiming that Musk himself had violated the agreement and demanding that he follow through with the deal.

In the complaint filed Tuesday, Twitter's lawyers say they are seeking to prevent Musk from further breaches of the agreement, and to 'compel consummation of the merger upon satisfaction of the few outstanding conditions.'

'In April 2022, Elon Musk entered into a binding merger agreement with Twitter, promising to use his best efforts to get the deal done,' the complaint states. 'Now, less than three months later, Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.'

Shortly after news of the suit was filed, Musk tweeted,'Oh the irony lol.' Musk did not immediately respond to a request for comment from CNN.


Shell CEO van Beurden admits tough winter in Europe due to high gas prices

The head of the international oil and gas company Shell, Ben van Beurden, said that European countries may face a difficult winter due to high energy prices.

Writes about this agency Bloomberg.

We are going to have a really hard winter in Europe.

Prices will rise, and in the worst case, we will have to introduce rationing (gas consumption. -RT),he stated.

The material also notes that European governments and industry are in a difficult situation due to the suspension of gas supplies via the critical Nord Stream gas pipeline, and it is not yet clear when they will resume.

In addition, the agency cites data that over the past year, gas prices in Europe have increased by more than 400%.

Earlier, Hungarian Prime Minister Viktor Orban said that sanctions and an embargo on gas from Russia would destroy the European economy.

Alexei Grivach, Deputy General Director for Gas Problems of the National Energy Security Fund, commented on the situation with gas in Europe in an interview with PolitExpert.


TikTok does not plan lifting restrictions on operations in Russia

The option of video uploading for users from Russia is still suspended

MOSCOW, July 14. /TASS/. TikTok has no plans to lift restrictions for operations in Russia and Russian users cannot post videos, the social networks press service told TASS.

'No changes are present and planned at the moment in the TikTok service,' the press service said.

The option of video uploading for users from Russia is still suspended, it added.

TikTok suspended streaming and posting of new small videos in Russia on March 6. Russian users cannot also view videos from other countries.


Planned Airbus research center to open next year for green, sustainable goals

European aircraft manufacturer Airbus will further industrialize its technology and innovation projectsby launching a new research center in the Suzhou Industrial Park in Suzhou, Jiangsu provinceand focus on research of its futuristic hydrogen-powered aircraft.

Airbus said the Yangtze River Delta region has an advanced aviation industrial chain, and the research center is expected to be put into operation by early next year. It will start the hiring process this year, and allow enough time for the recruitment of foreign employees.

Airbus said the new research center will be a useful complement to its existing business and will help decarbonize its aircraft and explore hydrogen and related industries. It has invested more than 2 billion euros ($2.12 billion) annually in research related to reducing carbon emissions, and how to cut such emissions has become a top priority for the company's research efforts.

In the past few decades, Airbus has developed various technologies for its future aircraft. It aims to bring the first zero-emission aircraft powered by hydrogen by 2035. Local companies could be included in the global aerospace industry and become reliable partners for Airbus, the aircraft manufacturer said.

'Suzhou is located in the core area of the Yangtze River Delta region, which is one of the most dynamic regions for China's economic growth,' said George Xu, executive vice-president of Airbus and chief executive officer of Airbus China.

'The city's complete industrial chain layout is suitable for the development of hydrogen energy and new energy storage facilities, and this coincides with Airbus' goal to actively promote sustainable development of the aviation sector,' Xu said.

'Airbus is constantly strengthening its layout in China. China has many cutting-edge technologies, and our commitment to cooperate with more Chinese industrial players and Chinese airlines remains unchanged,' he said.

Suzhou Industrial Park has been the first flagship cooperation project between the governments of China and Singapore. The park has successively introduced investments from nearly 5,000 foreign enterprises, and actual utilized foreign capital stands at $37 billion, according to the local government.


FedEx bullish on biz in nation; to expand service in smaller cities

FedEx Express, a United States-based express delivery company, will continue to invest in China and expand its service network in the country to more second and third-tier cities in the coming years, said a senior executive.

Since many companies with operations in Shanghai accelerated production to deliver orders around the world in late May and June, the company's pickup and delivery services in the metropolis had been fully restored early last month, supporting full recovery of production, economy, business and trade in Shanghai.

'We are positive on China's business environment, and we are fully confident in Shanghai's economic development and investment outlook,' said Eddy Chan, senior vice-president of Fed-Ex Express and president of FedEx China.

The Memphis, Tennessee-based multinational opened its Shanghai international express and cargo hub at Shanghai Pudong International Airport in 2018. It has enabled greater access to the company's global network for customers in eastern China, particularly those shipping goods to the US and Europe.

In addition to operating nearly 200 electric vehicles across China to cut carbon emissions, Chan said the company, for its next steps, will expand its infrastructure and logistics network and improve productivity via technological innovation by generating talent and resources from China and elsewhere.

After launching six new routes from the Asia-Pacific region, including five routes on the Chinese mainland, to North America and Europe with more than 300 weekly international flights in 2021, the company launched a new route between Beijing and Paris last month, further increasing weekly capacity to almost 400 metric tons from North China to Europe.

With this move, Chan said the cut-off time for same-day outbound shipments from Beijing to Europe will be extended, offering more time for customers to arrange their shipments. FedEx is able to further fuel the growth of trade between China and Europe.

As a firm advocate and facilitator of global trade, the executive said that free trade and multilateral cooperation are the best ways to promote common prosperity and inclusive growth.

Chan said that the Regional Comprehensive Economic Partnership agreement, which came into force in January, will not only inject positive momentum towards a world more connected through trade but also help pull the current world economy out of the COVID-19 woes.

RCEP proactively promotes a higher level of interconnection between member countries. Under the harmonized rule of origin and reduced tariffs among the RCEP countries, the cost of production and circulation of goods can be significantly reduced, thus creating a high volume of industrial logistics demand, said Chan.


JD Cloud expands digitalization of supply chains

JD Cloud, the cloud computing unit of Chinese tech giant JD, is doubling down on the digitalized and intelligent supply chain system as part of its broader push to improve delivery efficiency and reduce operational costs.

The company released a series of cutting-edge technologies including an internet of things platform, automatic supply chain, intelligent robots and warehouse dispatching system as well as large-scale computing clusters during the JD Cloud Summit in Beijing on Wednesday.

Gao Liqiang, vice-president of JD and president of JD Cloud, said the business unit has served more than 80 cities, over 1,800 large enterprises and more than 1.95 million small and micro enterprises. The revenue from JD Cloud surged more than 110 percent year-on-year in 2021, Gao added.

In addition, JD Cloud has rolled out a digital human platform, intelligent customer service system and industrial internet platform to promote the digital transformation and upgrading of traditional industries such as retail, logistics and manufacturing.

The boom in traditional enterprises' digital transformation has increased the demand for cloud computing services according to a report from Canalys, a global technology market analysis company.

The consultancy expects the cloud infrastructure market in the Chinese mainland to reach US$85 billion by 2026, representing a five-year compound annual growth rate of 25 percent.

SF Airlines

China's SF Airlines sees expanding freighter fleet

BEIJING -- SF Airlines, China's largest air-cargo carrier, has seen a continuous expansion of its fleet with five freighters already joining the fleet this year.

The fleet size of SF Airlines has reached 73 after a Boeing 757-200 freighter was newly introduced in July, SF Airlines said Monday.

This freighter has been put into operation on the Beijing-Shenzhen route to sustain the express delivery between North and South China.

The continuously expanding fleet size and optimized freight capacity will strongly support air transport in the recent peak season of fruit and other fresh agricultural products.

Headquartered in Shenzhen, SF Airlines is the aviation branch of China's express delivery giant SF Express.

SF Airlines has maintained a steady growth of its fleet. In the second half of the year, the airline will continue to introduce long-range widebody freighters to strengthen the air cargo capacity and support the construction of the country's air cargo hubs, the airline said.


Rheinmetall expects to sell 111 Puma tanks to the Bundeswehr

The armaments group Rheinmetall expects to sell more than 100 units of the Puma infantry fighting vehicle to the Bundeswehr.

'Yesterday the decision was made in the ministry that 111 Pumas will undoubtedly be ordered,' said CEO Armin Papperger.

Contract negotiations will start next week.He assumes that a final contract will then be in place in September.

The Puma is one of the main vehicles manufactured by the military technology manufacturer Rheinmetall in the southern Lüneburg Heath.

There was no confirmation from the Ministry of Defense for a specific number.

In general, a decision was only made about the procurement of additional copies, said a spokeswoman.

She referred to a daily order from Minister Christine Lambrecht (SPD) and Inspector General Eberhard Zorn on changes in the land forces.

'The decision on the Puma weapon system was also made in this context,' she said.

But nothing can be said about the number at the moment.

This will only be decided once the structure of the army has been determined.«

Russia's war against Ukraine means that spending on modernizing the Bundeswehr will be increased enormously in the coming years.

Rheinmetall originally wanted to sell more than 111 Puma infantry fighting vehicles to the defense department, but the company expects numerous other deals in the near future due to the international security situation.

Ring exchange in support of Ukraine

The group is currently modernizing more than two dozen Marder armored personnel carriers for a possible ring exchange in support of Ukraine.

A company spokesman said that 30 units had already been worked onin order to prepare them for the hoped-for sales.

A total of around 100 pieces could be »prepared relatively easily«.

The aim is therefore to hand over the Type 1A3 armored personnel carriers from the 1970s and 1980s to other countries, which in turn could then supply their own armaments to the Ukrainian armed forces.

Rheinmetall also wants to resell up to 88 older versions of the Leopard 1 main battle tank.

A spokesman said that because large parts of politics in the current war situation advocated exports of older military equipment to allied states, one is confident that the Federal Security Council would allow the business.




Netflix chooses Microsoft to manage advertising on its platform

The platform made this decision after a disappointing first quarter where it lost subscribers. Microsoft announced on Wednesday that it will manage the technology for selling advertising space on Netflix, the streaming giant which wants to offer cheaper subscriptions but with advertising. Read alsoJostled by Netflix and Disney+, TV channels are turning into platforms Netflix had made this decision after a disappointing first quarter, where it lost subscribers for the first time in ten years.

JP Morgan

Economic uncertainty lowers the results in the second quarter of JP Morgan and Morgan Stanley

Headquarters of the JP Morgan Chase bank, the largest in the US, this Thursday in New York.Michael M. Santiago (AFP)

JPMorgan Chase, the largest bank in the US, earned 8,649 million dollars (8,606 million euros at current exchange rates) from April to June, 28% less than in the same period last year, but slightly above the earnings of the first quarter (8,300 million).

The entity has reported a provision of funds to cover credit losses amounting to 1,100 million.

The results have not met analysts' expectations and its shares have fallen more than 4% this Thursday, dragging down the general index, with the S&P 500 losing almost 1%.

The entity has decided to temporarily suspend the repurchase of its own shares to reinforce its capital levels while its executive director, Jamie Dimon, assured in a statement that he was 'aware of the economic uncertainties' to come.

For its part, the income of the Morgan Stanley investment bank also collapsed due to the slowdown in the capital markets, noting a net profit of 2,391 million dollars (2,379 million euros) between April and June, which is equivalent to a decline of 32% compared to the same period last year.

Morgan Stanley shares have lost 23% in the first six months of the year, their worst performance for two consecutive quarters in more than a decade, according to the Bloomberg agency.

The investment banking group posted the worst results, while the business unit helped offset the loss, as fixed income revenue rose amid heightened volatility and as clients rushed to reposition their accounts. .

However, unlike JPMorgan, Morgan Stanley announced a new buyback of shares, up to 20,000 million shares of the company, although without providing details on the deadline.

Buybacks have raised issues with regulators in the past, because of the possibility that in times of economic turmoil the use of cash for the transaction would deplete the capital originally intended to cover credit losses.

Slowing demand and sinking markets have ended a period of record profits for the country's biggest banks, but that doesn't mean a recession is imminent, top bankers say, even as they show signs of slowing. prepare for such an eventuality.

For JPMorgan executives, there are few signs, if any, that the US economy is slipping into recession.

We have taken a very careful look at our actual data,Jeremy Barnum, the bank's chief financial officer, said in a call with reporters picked up by

'There is essentially no evidence of real weakness.'

Retail banking customers continue to spend on goods and services they want but don't need, such as travel and restaurants, and companies JPMorgan lends to are making greater use of some lines of credit, two signs that economic activity, so far, it has managed to maintain traction despite the general increase in prices.

Rising inflation, which reached 9.1% in June, and the Federal Reserve's efforts to help combat it have put investors on alert about the possibility of a recession and the indirect effect that an economic contraction can have. for financial institutions.

Expectations that the Fed will hike interest rates by 100 basis points at the end of July add to the concern.



Lufthansa has to suspend fastlane service

Lufthansa has to temporarily say goodbye to a special service that keeps affluent customers in particular engaged.

Due to the permanent overload of the employees at the security checkpoints, there is currently no reserve for the so-called fast lanes, which noticeably reduce the waiting times when checking travelers in normal times.

In an email, the airline apologizes for the inconvenience caused by the measure.

'We are aware that this premium service is particularly important for you as a frequent flyer,' the e-mail said.

'Nevertheless, in this extraordinary situation, we have to ask you to take waiting times at the security checkpoint into account in your time planning.'

These waiting times can be quite long in individual cases.

It is not only in Germany that the large commercial airports are completely overwhelmed by the recurring desire to travel.

Because practically in all areas there is a lack of personnel to do the work.

For July and August, Lufthansa had therefore already canceled more than 2,000 flights departing from Frankfurt am Main and Munich.

The cancellations relate to German and European destinations for which there are mainly alternative transport options.Lufthansa wants to continue serving classic holiday destinations and intercontinental connections as far as possible.

Those responsible at Lufthansa seem to be fully anticipating the annoyance of their regular customers, as can be seen from the submissive tone in which the apology was formulated in the e-mail: 'We apologize again directly for the fact that we cannot deliver the expected quality of service at the moment.

Rest assured that our top priority at the moment is to live up to our premium claim as quickly as possible.