German state ready to buy company stakes to protect core industry

[ad_1] By Paul Carrel, Michelle Martin BERLIN (Reuters) – Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its Economy Minister said on Tuesday, presenting a…

Italian government rejects ArcelorMittal’s Ilva plan as workers strike

[ad_1] FILE PHOTO: The Ilva steel plant is seen after ArcelorMittal said it was withdrawing from a deal to buy it over a legal row with the government, in Taranto,…

German sentiment survey boosts stocks, Europe focuses on recovery fund

[ad_1] By Yoruk Bahceli, Saikat Chatterjee LONDON (Reuters) – Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse…

Dutch Tata Steel workers suspend strike as talks resume – union

[ad_1] FILE PHOTO: Smoke is seen coming out of a chimney at the Tata steel plant in Ijmuiden, Netherlands April 3, 2019. REUTERS/Yves Herman AMSTERDAM (Reuters) – Employees at Tata…

Exclusive: Thyssenkrupp could change tack and keep hydrogen champion Uhde – sources

[ad_1] By Tom Käckenhoff, Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) – Embattled conglomerate Thyssenkrupp is reviewing ways to keep its electrolysis unit Uhde as demand for large-scale production of hydrogen is expected…

ArcelorMittal beats profit expectations after lockdown low

[ad_1] FILE PHOTO: The logo of ArcelorMittal, the world’s largest producer of steel, is pictured in front of heat rising from a red-hot steel plate at the ArcelorMittal steel plant…