Could this be the end of an era? Tata Steel is selling its operations in the United Kingdom. But with losses of over 2.5 Bbillion euros in the past five years, finding a buyer could prove difficult.
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.
Thousands of steelworkers have come together in the western German town of Bochum to tell executives they are opposed to a merger between ThyssenKrupp and Tata. Plans for a tie-up were announced earlier in the week.
The UK, supported by France and Italy, has urged social media companies to speed up the removal of "terrorist content" from the internet. Several websites list ingredients for making bombs, for example.
The head of the UK's biggest union says strikes in the public sector are "on the cards." The government has stood firm on its pay cap, but rising inflation and political weakness are undercutting its austerity policies.
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