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BIGGEST GERMAN STEELMAKER
One battle after another: Iran war deals new blow to Europe's industrial heartlandEuropean businesses are struggling with rising raw material costs and supply chain issues. The conflict in the Middle East is impacting key...- Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...
- Thyssenkrupp cuts another 5,000 jobs as losses deepenThe company, whose steelmaking roots go back more than 200 years, is struggling to emerge from the COVID-19 pandemic that hit it during a c...
- Hospitality sector boosts Tokyo stocks, stay-at-home winners lose footingInvestors switched to beaten-down value shares while dumping those which benefited from the stay-at-home trend during the pandemic, such as...
- European stocks jump after China data, banking reboundCommerzbank rose 4.3% after it named a top manager at rival Deutsche Bank Manfred Knof to lead the bank, which has been in turmoil followin...
- European shares tumble amid trade tensionsThe pan-European STOXX 600 index had dropped 0.7 percent by 0720 GMT, touching a fresh four-week low.
- Simplify, synergise, scale: Tata group chairman N Chandrasekaran to staffIn his interview with ET in October, Chandrasekaran said he wants to bring down a number of Tata companies to 5-7 from about 110 at present.
- Tata Steel's UK operations still 'not out of the woods': CEOWe are all looking for certainty, uncertainty is not good for anybody, not for our workers, our stakeholders or anybody, said Bimlendra Jha.
- Tata Steel may shut British plants in six weeks: ReportTata Steel had in January announced laying off 750 workers in a desperate bid to salvage its ailing Port Talbot steel plant in South Wales ...
- ThyssenKrupp CEO seeks review of German steel business: ReportThyssenKrupp Chief Executive Heinrich Hiesinger wants to examine all options regarding the future of its German steel business, including a...
- Euro zone flash PMIs signal recession as weakness spreads through GermanyThe euro zone now looks destined for its second recession in three years, as the slowdown is even spreading through Germany.
- ThyssenKrupp forecasts 1 bn euro profitThyssenKrupp hopes to make a pre-tax profit of at least one billion euros in its current fiscal year
- Bankers cautious as RIL bets bigAs Reliance sets out to make the second-biggest acquisition by an Indian firm, the mood among bankers, who peddle deals, and analysts is on...
- Reliance mega bid has bankers waryAs Reliance sets out to make what could turn out to ber the biggest acquisition by an Indian firm, the mood among bankers who peddle deals ...
- Reliance mega bid has bankers waryAs Reliance sets out to make what could turn out to ber the biggest acquisition by an Indian firm, the mood among bankers who peddle deals ...
- ThyssenKrupp scraps sale of services unitThyssenKrupp, Germany’s largest steelmaker, scrapped the sale of an industrial services unit as part of a e1 billion ($1.4 billion) disposa...
- ThyssenKrupp to cut more than 3,000 jobs: ReportGerman industrial conglomerate ThyssenKrupp plans to cut more than 3,000 jobs or about 1.5 per cent of its total staff amid a slump in dema...
- ArcelorMittal, steel firms hit by record fine in FranceFrench competition watchdogs slapped a record fine of 575 million euros (785 million dollars) on global steel giant ArcelorMittal and anoth...
- ArcelorMittal, steel firms hit by record fine in FranceFrench competition regulators on Tuesday slapped a record fine of 575 million euros ($785 million) on giant Arcelor Mittal and 10 other ste...
- Mittal owns nearly 92% of ArcelorMittal launched a hostile bid for Arcelor in May after almost five months of intense and bitter manoeuvering.
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