-
Kenya's economy faces climate change risks: World Bank
-
Crypto firm accidentally sends $40 bn in bitcoin to users
-
Dow surges above 50,000 for first time as US stocks regain mojo
-
Danone expands recall of infant formula batches in Europe
-
EU nations back chemical recycling for plastic bottles
-
Why bitcoin is losing its luster after stratospheric rise
-
Stocks rebound though tech stocks still suffer
-
Digital euro delay could leave Europe vulnerable, ECB warns
-
German exports to US plunge as tariffs exact heavy cost
-
Stellantis takes massive hit for 'overestimation' of EV shift
-
'Mona's Eyes': how an obscure French art historian swept the globe
-
In Dakar fishing village, surfing entices girls back to school
-
Russian pensioners turn to soup kitchen as war economy stutters
-
As Estonia schools phase out Russian, many families struggle
-
Toyota names new CEO, hikes profit forecasts
-
Bangladesh Islamist leader seeks power in post-uprising vote
-
Japan to restart world's biggest nuclear plant
-
UK royal finances in spotlight after Andrew's downfall
-
Undercover probe finds Australian pubs short-pouring beer
-
New Zealand deputy PM defends claims colonisation good for Maori
-
Amazon shares plunge as AI costs climb
-
Deadly storm sparks floods in Spain, raises calls to postpone Portugal vote
-
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
-
Lower pollution during Covid boosted methane: study
-
Carney scraps Canada EV sales mandate
-
Record January window for transfers despite drop in spending
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Greece aims to cut queues at ancient sites with new portal
-
ECB holds interest rates as strong euro causes jitters
-
What does Iran want from talks with the US?
-
Wind turbine maker Vestas sees record revenue in 2025
-
Bitcoin under $70,000 for first time since Trump's election
-
Germany claws back 59 mn euros from Amazon over price controls
-
Germany claws back 70 mn euros from Amazon over price controls
-
Stock markets drop amid tech concerns before rate calls
-
BBVA posts record profit after failed Sabadell takeover
-
UN human rights agency in 'survival mode': chief
-
Greenpeace slams fossel fuel sponsors for Winter Olympics
-
Russia says thwarted smuggling of giant meteorite to UK
-
Heathrow still Europe's busiest airport, but Istanbul gaining fast
-
Shell profits climb despite falling oil prices
-
German factory orders rise at fastest rate in 2 years in December
-
Trump fuels EU push to cut cord with US tech
-
Top US news anchor pleads with kidnappers for mom's life
-
The coming end of ISS, symbol of an era of global cooperation
-
New crew set to launch for ISS after medical evacuation
-
Stocks in retreat as traders reconsider tech investment
-
Fiji football legend returns home to captain first pro club
Eurostar to launch routes to Germany and Switzerland
Eurostar said Tuesday it would launch new direct train routes from London to Frankfurt and Geneva, as potential competitors threaten to break its three-decade monopoly on cross-channel rail travel.
The new direct routes would open from the early 2030s, in addition to new services from Amsterdam and Brussels to Geneva, the international rail company said.
Announced at the back of positive year-end results, Eurostar said in a statement that it would invest two billion euros (£1.6 billion) in the new services to major European cities and 50 new trains, bringing its total fleet to 67 trains.
The announcement comes amid "continued demand for international rail travel across Europe", according to Eurostar, which currently operates in the UK, France, the Netherlands, Belgium and Germany.
While it currently has connecting services to Cologne, the new routes will directly serve the German financial capital and global diplomatic hub Geneva.
"Our new fleet will make new destinations for customers a reality -- notably direct trains between London and Germany, and between London and Switzerland for the first time. A new golden age of international sustainable travel is here," said Eurostar CEO Gwendoline Cazenave.
According to the rail company, passenger numbers rose to over 19.5 million in 2024, marking a five percent increase from the previous year. It has a target of ferrying 30 million passengers annually.
The Eurostar Group merges operations of Eurostar which operates in the Channel Tunnel between the UK and France, and Thalys, which runs high-speed rail services from Paris to Amsterdam and German cities.
Eurostar also said it would increase daily services between London, Rotterdam and Amsterdam starting later this year.
"I am pleased to welcome this exciting investment into Eurostar services, which is a huge step in promoting green travel across Europe and boosting our international rail connections," UK Transport Secretary Heidi Alexander said.
The announcements come as Eurostar's three-decade monopoly in the Channel Tunnel looks likely to end.
Earlier this year, Britain's Office of Rail and Road opened access to a maintenance depot along the Paris-London route to other firms, removing a hurdle to competitors offering services.
Italian railway operator Trenitalia and British billionaire Richard Branson's Virgin Group have since signalled plans to open their own services on the cross-Channel line.
X.Cheung--CPN