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Thyssenkrupp


Nouvelles

Germany girds for gas supply pain, targets $93 billion price relief plan

* Proposals agreed unanimously after 35 hours of talks * Total proposed relief 96 bln euros thru April 2024 * Plan aims to ease cost of living By Holger Hansen BERLIN, Oct 10 (Reuters) - Germany on Monday said it plans to urgently implement a 96 billion euro ($93 billion) plan to ease pressure on consumers from surging gas prices as it was warned that the supply situation heading into winter remained tense even with full reserves.
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Steel makers fear deepening crisis from energy crunch as output halted

By Philip Blenkinsop GENK, Belgium, Sept 23 (Reuters) - Spiralling energy costs have forced steel makers to cut output across Europe, threatening mass plant shutdowns some warn could be permanent in a sector that employs more than 300,000 and contributes tens of billions of euros to the region's economy. Even with four wind turbines and over 50,000 solar panels at its site in eastern Belgium, stainless steel maker Aperam has been forced to halt production as surging energy prices bite.
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Low Rhine water levels threaten Germany's economic growth

* Low river levels disrupt shipping, hike freight costs * German economy could take additional hit - economists * Barges only partially laden * Disruption could hit coal power plants By Rene Wagner and Toby Sterling BERLIN/LOBITH, Netherlands, Aug 10 (Reuters) - Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.
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Low Rhine water levels another drain on Germany's economy

* Low river levels disrupt shipping, hike freight costs * German economy could take additional hit - economists * Barges only partially laden * Disruption could hit coal power plants By Rene Wagner and Toby Sterling BERLIN/LOBITH, Netherlands, Aug 10 (Reuters) - Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.
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With IPOs on ice, banks' stock offering fees plummet

* Worst quarter in 13 years for ECM deals * Fees down 74% in the quarter, 73% year to date * Fate of planned Porsche, Arm IPO still uncertain * Chinese banks take top spot in ECM league tables By Andres Gonzalez, Echo Wang and Lucy Raitano June 30 (Reuters) - Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs).
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TKMS to bid for German defence contracts, including two submarines - FAZ

BERLIN, June 21 (Reuters) - Thyssenkrupp Marine Systems (TKMS) TKAG.DE is aiming to clinch new orders from the German Navy as the government boosts defence spending in response to the Ukraine war, the chief executive said in a newspaper interview published on Tuesday. "We have been invited to bid for additional submarines and corvettes," Oliver Burkhard told the Frankfurter Allgemeine Zeitung, adding that the German defence group would do this "in the coming weeks".
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European stocks log best session in 6 weeks as cyclicals roar back

* Swedish Match up on $16 bln bid from Philip Morris * ECB's Lagarde cements rate hike expectations * Bayer drops on setback in Roundup dispute * U.S. consumer price gains slow but inflation still hot By Sruthi Shankar and Shreyashi Sanyal May 11 (Reuters) - European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after U.S.
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Britain's steelmakers scorched by white-hot power prices

By Kate Holton CHESTERFIELD, England, April 22 (Reuters) - Steel boss James Brand raises his voice above the roar of metal being funnelled into a foundry furnace as he details how rampant costs have pushed him to raise his prices by 70%. Yet he says that, despite this hefty hike, his customers in sectors including oil and gas, autos and construction are placing new orders at a record-breaking gallop.
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Europe's energy crisis sends shockwaves through Germany's industrial heart

By Christoph Steitz, Louisa Off and Patricia Weiss KELHEIM, Germany, March 31 (Reuters) - Germany's Mittelstand, the small and mid-sized companies that power Europe's largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills. Then the government warned it might have to turn off the gas. A standoff with top supplier Russia over its demand to be paid in roubles - part of a wider economic tit-for-tat sparked by Moscow's invasion of Ukraine - prompt
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Shanghai expands COVID lockdown as new daily cases surge by a third

By Brenda Goh and Roxanne Liu SHANGHAI, March 30 (Reuters) - Authorities began locking down some western areas of Shanghai two days ahead of schedule, as new COVID-19 cases in China's most populous city jumped by a third despite stringent measures already in place to try to stop the virus spreading. Home to 26 million people, China's financial hub is in the third day of a lockdown officials are imposing by dividing the city roughly along the Huangpu River, splitting the historic centre west of t
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Thyssenkrupp steel workers face short-time work from April -labour boss

DUESSELDORF, March 18 (Reuters) - Thyssenkrupp's TKAG.DE steel workers will be put on shortened working hours next month, one of the group's labour bosses said on Friday, a day after the conglomerate flagged such a move in response to the impact of the war on Ukraine on its business. "Short-time work will come in April," said Tekin Nasikkol, who heads the works council of Thyssenkrupp Steel Europe and also sits on Thyssenkrupp's supervisory board, adding automotive customers, its single biggest
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European shares higher after Fed hike, eyes on Ukraine peace talks

* STOXX 600 clings to slim gains * Investors assess Fed comments * Energy stocks lead gains By Sruthi Shankar and Shreyashi Sanyal March 17 (Reuters) - European stocks gained in choppy trading on Thursday, a day after the Federal Reserve's widely anticipated U.S. interest rate hike, as investors eyed Russia-Ukraine peace talks. The pan-European STOXX 600 index .STOXX rose 0.5%, paring March losses spurred by the Ukraine conflict.
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Are Germany's new climate plans realistic?

By Vera Eckert FRANKFURT, Dec 8 (Reuters) - The German government, to be sworn in on Wednesday, has presented plans to step up climate protection efforts entailing far-reaching reforms for the utility sector and across manufacturing industries, buildings, transport and agriculture. The targets are radical, driven by participation of the Green Party in government which will head the joint economy and energy ministry, among others, raising questions from politicians and investors outside Germany w
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