Europe

ArcelorMittal to sell 3 of its US steel operations

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

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London's Air Quality Index Reached Dangerous Levels Earlier This Month

London's air has been reported of high levels of PM2.5 that was recorded from March 10-13. These minute particles can get inside the lungs and find its way into the bloodstream giving the body's immune system difficulty filtering it out.

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Google Fined by France Authority Over Privacy Issues Regarding the “Right to be Forgotten"

France’s data protection authority CNIL fined U.S. tech giant Google for failing to comply with the European top court’s ruling for the “right to be forgotten”. Google has implemented the ruling in Europe, however, the authority demanded that the ruling applied worldwide.

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Brexit risks at $700-mln shock to energy bills, says Amber Rudd

Brexit is expected to impact Britain's economy in a more negative way. If UK gets out of European Union (EU), it would generate $700 million (GBP 500million) gas and power bills additionally per annum. Energy Secretary Amber Rudd has cautioned that Britain's energy security at risk in the wake of Brexit.

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Regency Hotel's loss rises to €217k after gangland murder, claims for indemnity

After the killing of David Byrne in a shootout at Dublin's Regency Hotel, it's reeling under severe pressure as losses amounted to €217,000. Regency Hotel has applied for indemnity to its insuring company Aviva for over €217,000.

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Some US energy chiefs make more cash amid oil turmoil

Contrary to a notion that oil rout is impacting everyone in the industry, there are few bosses at energy companies making more money based on their performance. Few top managers are excelling in meeting targets and getting hefty paychecks.

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Ineos Started Shipping US Shale Gas to Europe

Shale gas from U.S. has begun shipment to Europe. The world-largest LNG carrier Ineos Intrepid has bound for Norway carrying 27,500 m3 of liquified ethane gas.

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Discount retailer Aldi to hire 700 apprentices, open 1000 stores in UK by 2022

German discount retailer Aldi will hire 700 apprentices this year, twice of its recruitment in in 2015. Aldi has set a target of 1,000 stores in the UK by 2022.

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Capitalism vs Nationalist Emotions: London Exchange Considers Consensus Poll

London Stock Exchange has been considering for holding a consensus poll on its proposed controversial £21 billion merger deal announced on Wednesday. Deutsche Boerse CEO has warned of possible American investment if the proposed deal fails to take place. However, the information of polling has fueled debates while analysts consider those as irrelevant.

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China's consumers spending rise on spas, travel, entertainment

Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.

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Bank of England Keep Interest Rate at 0.5% Low

The British central bank has voted on Thursday to maintain a low interest rate. The uncertainties regarding and weak global trade outlook has made the committee to decide to maintain low interest rate.

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George Osborne's £1bln budget boost for North Sea

Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.

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Reshaping French Telecom Market: Orange, Altice & Iliad To Acquire Bouygues For €10 Billion

Bouygues SA is probably going to be acquired through a multi lateral deal. Though the deal appears for €10 Billion in total, Altice will have to pay €4 Billion. The rest deal amount will be paid by Orange SA, SFR and Illiad SA.

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UK's first potash mine unveils £2.5-bln investment plan amid concerns

Sirius Minerals has decided to execute a potash mine, Britain's first potash mine in 40 years, at an investment of £2.5-billion. Sirius is planning to raise funds from investors and banks. Environmentalists are raising concerns , however, about the project as it would have underground network of tunnels underneath North York Moors National Park.

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Boeing picks London as its European base

Boeing has chosen London as its home for new European headquarters. Boeing's decision came soon after a joint pronouncement of a host of businessmen in favor of Britain staying in Europe.

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