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German-Danish company refused to certify Nord Stream 2 due to the threat of US sanctions
Certification company DNV GL has stopped servicing the Nord Stream 2 gas pipeline project due to the threat of US sanctions....
British billionaire Sanjeev Gupta raises the stakes in race for Thyssenkrupp Steel assets
Despite opposition from key employees and talk of German business traditions, Thyssenkrupp may still have to sell its steel business to a British...
British auto industry will lose 50 billion pounds if the country leaves the EU without a deal
There are 38 days left to conclude a rescue deal for British automakers to exit the UK from the European Union. Further, the WTO norms may begin to...
Swedish state-owned mining company to switch to hydrogen for DRI production
New wind and renewable capacity in Europe and around the world, as well as dramatic cuts in cell costs and carbon capture and storage potential, are...
Steel buyers in the European Union prepare for further significant price increases
The supply deficit in the European Union steel market has increased sharply after the decision of the European Commission to introduce retroactive...
Hyundai and Ineos to collaborate on hydrogen vehicles
As part of the initiative, the companies are ready to support all kinds of public and private projects to develop the market for hydrogen-powered...
Deutsche Bahn with Siemens help to switch to hydrogen trains from 2024
Siemens and Deutsche Bahn launch tests of new hydrogen trains on the line between Tübingen, Horb and Pforzheim in Baden-Württemberg....
European Steel Association asks to extend protective quotas on steel
EU guarantees were first introduced in 2018, after the US imposed protective duties on steel imports from around the world. The bloc feared...
US to impose sanctions against Nord Stream 2 by the end of the year
New sanctions will be introduced during the Trump administration, but their harshness may be mitigated by President-elect Biden's desire to...
EU wind farms will be 25 times more powerful
According to the European Commission, 800 billion euros will be required by 2050 to implement the plans for the "green transformation"....
Luxembourg sets up European space mining center
Luxembourg will intensify efforts to achieve its goal of becoming a European hub for space mining by announcing plans to establish a European Center...
ArcelorMittal increases prices for hot rolled steel coils for the European market to 600 euros per tonne
New steel prices at the world's largest steelmaker's European plants take effect immediately....
Thyssenkrupp will lay off 11,000 people to stop losses rising to 1.6 billion euros
The largest German industrial concern will increase the number of job losses and will try to sell the unprofitable metallurgical business....
European Union scrap collectors worried about possible export restrictions
The European Union may restrict the export of scrap metal as part of the ongoing revision of the rules for the transport of waste. Metallurgists are...
UK to ban new petrol cars by 2030, hybrids by 2035
To achieve zero greenhouse gas emissions by 2050, the UK will have to conduct a "green revolution" in all spheres of life and business,...
Belarus imposed retaliatory sanctions against the European Union and Canada
Belarus from today is mirroring its response to the sanctions list for each of the EU countries and for Canada....
German Salzgitter announces production of the first green steel slab
In the new process, iron ore has been reduced to pure iron with a small portion of natural gas and a larger volume of hydrogen in a direct reduction...
Turkish steel exports to the European Union may be taxed \
EUROFER announced the possibility of retroactive application of anti-dumping duties against Turkish steel imports....
Volkswagen invests 27 billion euros in self-driving cars
The automaker's total investment in electric vehicles and autonomous vehicles will amount to 73 billion euros....
Volvo engineers dropped 10 new rescue vehicles from 30m height (Video)
New types of high-strength steel used in the bodies of modern cars have become a real test for rescue teams, who previously opened cars made of...
Turkey plans to become a "logistics superpower" and build a railway to Azerbaijan
Since the start of the pandemic, Turkey has invested about $ 6 billion in the development of its transport infrastructure, including in the...
Rolls-Royce sells 94% of its £ 2 billion stake
The company announced that it will buy back the remaining shares if no buyer is found on the market....
30% of the 7-year EU budget will be spent on climate change - European Commission
This is the highest share of the largest European budget ever. The package also focuses on protecting biodiversity and gender equality....
Thyssenkrupp asks the German government for state aid of 5 billion euros
As reported by Bloomberg, the size of the discussed financial assistance is higher than the market value of the concern....
Steel companies from the EU and South Korea will jointly develop steel for Hyperloop
Tata Steel and POSCO engineers join forces to develop rolled metal products for innovative high-speed vehicles of the future....
European Union will impose new duties on goods from the United States due to subsidies from Boeing
Disputes between the EU and the US on subsidizing aircraft manufacturers have been going on since 2004....
Turkish President Tayyip Erdogan sacked Central Bank Governor on Saturday
The reason was a sharp collapse of the Turkish lira exchange rate and disappointment in the measures taken by the Turkish Central Bank to stabilize...
Volvo to offer customers a full range of electric trucks in 2021
From a Volvo Trucks perspective, the move to greener transport is largely about keeping the haulier operators as stable as possible so that they can...
German parliament officially recognizes elections in Belarus as rigged
Only through massive electoral fraud could the responsible election commission declare Lukashenka the winner, who, in 2020, was illegally sworn in as...
