Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information 2025 at 6:40 AM ESTBookmarkSaveTakeaways NEWGerman households are still paying 31% more for energy than they did prior to the 2022 crisis highlighting an urgent challenge facing the new government A model three-person household currently spends €5,407 a year on energy an analysis by comparison portal Verivox showed Heating with oil and gas has become 35% and 74% more expensive respectively while electricity bills have gone up by 17% consumer prices in October were 10.7% higher than a year earlier The European Central Bank (ecb) has increased interest rates by 0.75% for the second meeting in a row as it dutifully follows the path trodden by America’s Federal Reserve Officials very much hope the peak is around the corner This article appeared in the Finance & economics section of the print edition under the headline “Double trouble” Discover stories from this section and more in the list of contents Why what you’ve read about the trade deficit hurting growth is wrong A martini doesn’t just steady the nerves after a rollercoaster week Fund managers smell an opportunity to get even bigger A truce is still possible, but no one wants to be first to pick up the phone This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page By 2021-10-07T11:00:00+01:00 GERMANY: Hamburg’s municipal economic development authority BWI has approved plans for the first section of the future automated metro line U5 Approval enables contracts to be awarded for preparatory works starting with tree felling and checking the route for unexploded ordnance ‘It confirms the good work of our planners because with the first fully automated subway we will create an attractive and high-performance new service The new line will make a significant contribution to the mobility transition in Hamburg.’ The first section of the line is designated U5 Ost and will run 5·8 km from Bramfeld to Steilshoop filling gaps in the network to service areas with more than 100 000 inhabitants and over 30 000 jobs Ridership on the initial section is estimated at 20 000 passengers/day and is expected to double once subsequent phases eventually extend the line from City Nord south through Winterhude to the Hauptbahnhof and then west through the city centre to Volkspark GERMANY: Hamburg city transport operator Hamburger Hochbahn has signed a €2·8bn framework agreement for Alstom to supply up to 374 metro trainsets and communications-based train control equipment The deal announced on July 10 covers up to 120 DT6-A driverless trainsets for GoA4 unattended automatic operation on .. GERMANY: Hamburg’s Mayor Peter Tschentscher has formally launched the construction of driverless metro Line U5 with a groundbreaking ceremony exactly a year to the day after the granting of planning approval for the first phase Described by the city government as Germany’s largest inner-city transport project the federal government and the Hamburg municipality signed an agreement on January 21 to conduct a €1·5m feasibility study into building a second cross-city S-Bahn tunnel linking Hamburg Hbf The stations are currently linked by the .. Site powered by Webvision Cloud