Uber loses operating license in London - Thousands protest against French labor reforms - Steel workers protest ThyssenKrupp-Tata merger
Better than expected business in its material services and elevators unit have helped the German steelmaker beat full-year earnings forecasts, despite a net loss related to the sale of a steel mill in Brazil.
German industry giant ThyssenKrupp and Indian behemoth Tata have signed a memorandum of understanding on the merger of their European steel operations. The move is to address overcapacities in the market.
German engineering group ThyssenKrupp's plans to restructure its steel division have stoked fears of potential job losses and sparked labor protests. The firm's troubles mirror those of the worldwide steel industry.
Nationwide strikes are being held in France to reject a government reform which would relax the 35-hour working week and other labor rules. Public transport, hospitals and schools have all been affected.
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