Business and Economy

Business and Economy Latest News

Thyssenkrupp pauses steel production at two sites citing Asian pressure
Thyssenkrupp pauses steel production at two sites citing Asian pressure
by  AFP

Europe's largest steelmaker Thyssenkrupp is to pause steel production at two sites for about two weeks because of Asian competition, the German firm said Thursday, as the European Union considers tightening its steel tariffs. Hammered by exorbitant energy costs and cheaper Asian competition, Germany's steel industry has been mired in deep crisis for several years.

ECB proposes simplifying rules for banks
ECB proposes simplifying rules for banks
by  AFP

The European Central Bank proposed Thursday simplifying rules for the region's lenders to help them compete internationally, but insisted the move would not weaken guardrails aimed at preventing crises.

General strike hits planes, trains and services in Portugal
General strike hits planes, trains and services in Portugal
by  AFP

Widespread disruption hit Portuguese air travel and trains, hospitals and schools Thursday as the unions called the biggest nationwide strike action for more than a decade against government labour reforms. Lisbon's main train station was empty with most services cancelled and the TAP Air Portugal national airline called off about two thirds of its normal 250 flights.

Energy

Money

Industry

Technology

Economy