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Europe News

EU will react against 'unlawful' US tariffs, says European Commission

The European executive has announced that it would retaliate against US tariffs on aluminium and steel if they are confirmed, considering them unlawful and counterproductive.

Design

Who were the Brutalist architects behind the Oscar-nominated film?

A firm favourite for Oscar glory this year 'The Brutalist' is not a biopic but rather a film loosely based of several real people. All share one common denominator; they were the godfathers of Brutalism, an influential, and divisive architectural movement.

Markets

US Steel and Nippon file lawsuit after Biden blocks merger deal

The firms accuse the Biden administration of blocking the merger for "purely political reasons".

Japan

Source: 'regrettable' that Nippon Steel deal blocked due to security

A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan's Nippon Steel might have an impact on future investments between Japan and the US.

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Europe News

ArcelorMittal green steel backtrack raises fears over clean transition

European Commission top brass set to visit steel multinational’s Belgian plant this week in the wake of a warning that low-carbon steel projects won’t go ahead without further policy support from Brussels.

Business

Thyssenkrupp's steel division sees valuation slump

The unit has suffered from rocky economic conditions, fierce competition from Asian manufacturers, and a pressure to decarbonise.

Europe News

EU car and steel industries call to avoid US tariffs

A recent study found that 186,000 jobs could be lost in the European automotive industry over the next decade.

Business

Thyssenkrupp is reviewing plans for manufacturing 'green steel'

Thyssenkrupp is revisiting its ambitious plan to produce green steel at its Duisburg site due to escalating costs. The German government has spent billions of Euros subsidising the project.

Business

Joe Biden prepares to block Nippon Steel's takeover of US steel

Critics say that blocking the $15bn (€13.53bn) deal could risk thousands of jobs.

Business

Why are senior leaders at Germany’s Thyssenkrupp resigning?

A bitter restructuring row has left the firm’s steel division waving goodbye to its CEO, chair and five directors.

Business

German steelmaker ThyssenKrupp holding major restructuring talks

The firm's supervisory board will discuss the independence of its steel division in the face of fierce competition from Asia and climate demands.

Business

German conglomerate Thyssenkrupp fails to cheer investors as sales dip

CEO Miguel López says the firm performed "as planned" in the second quarter, although the market remains "gloomy".

Markets

UK steel shortages threaten wind of change for offshore projects

The British government wants to deliver 50GW of offshore wind power by 2030 but its target faces delays unless domestic steel production is increased, says a leading consultancy firm.

Business

Almost 3,000 jobs to be cut as UK’s largest steelworks goes green

Indian-owned firm Tata Steel plans to close both of its blast coal powered furnaces in south Wales to focus on more eco-friendly production.

Ecotech

World’s tallest wooden wind tower goes into operation in Sweden

This Swedish start-up is making wind towers from wood and slashing CO2 emissions.

Europe News

Brussels extends trade truce with US to avoid new-year tariffs

The European Union today extended its trade truce with the United States for a further 15 months, preventing tariffs on trans-Atlantic trade worth billions of euros from kicking in automatically on January 1.

Economy

World's first carbon border tariff is launched in Europe

The Carbon Border Adjustment Mechanism will generate billions of euros in taxes for Brussels' general budget. But not just yet.

Earth News

Hong Kong's bamboo scaffolders preserve an ancient green technique

Intricate bamboo webs are still part of the cityscape in Hong Kong - where brave students are keeping the sustainable skill alive.

Earth News

Why the Cumbria coal mine ‘isn’t wanted’ by even the UK’s steelmakers

The mine will also produce an estimated 400,000 tonnes of greenhouse gas emissions.

Europe Decoded

Video: How coal and steel paved the way for the EU we know today

In 1951, six European countries joined forces to create a common market on coal and steel, introducing the idea of supranationalism.