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.
In the wake of US tariffs on steel and aluminum, the EU has made several counter moves and has now raised tariffs of its own on steel imports which exceed quotas based on current levels.
When it comes to venerable German business institutions, the industrial giant Thyssenkrupp is something of a poster boy. The Essen-based company is in turmoil though, as disagreements over job losses mount.
One of Germany's oldest industrial giants has agreed to a merger deal with one of India's biggest steelmakers. Thyssenkrupp sought the deal as a way to overcome challenges caused by cheap Chinese steel.
Britain has presented its model for a next-generation fighter jet at the Farnborough Air Show. It would rival a similar France-led project, as the UK tries to maintain its military prowess in a post-Brexit world.
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