European Central Bank President Christine Lagarde reveals the euro-zone economy has shifted below the ECB's baseline scenario due to Middle East conflict impacts, though not enough to trigger immediate rate hikes.
The Vereinigung Cockpit union has called a two-day strike for Lufthansa pilots, demanding better pay and working conditions. The industrial action is expected to cause significant flight cancellations and disruptions across Germany's major airports.
Iran is imposing a toll system in the Strait of Hormuz, reducing oil traffic by 90% and raising global prices. Ships must submit to IRGC vetting, with payments in yuan, sparking international condemnation.
German airline Lufthansa canceled nearly 800 flights on Thursday due to a one-day strike by pilots and cabin crew, impacting about 100,000 passengers. The strike, over stalled contract negotiations, disrupted travel ahead of the Munich Security Conference
