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The world’s second-largest steelmaker ArcelorMittal on Thursday reported a sharp rise in profits in the first quarter as higher prices offset declining sales due to Russia’s invasion of Ukraine. At $4.1 billion, net profits leapt 80 percent year-on-year in January-March,…
France, Germany and Luxembourg have seized properties and frozen assets worth 120 million euros ($130 million) in a major operation linked to money laundering in Lebanon, the EU’s justice agency said Monday. The seizures are linked to a probe launched…
Belgium is closing its airspace to Russian flights, the country’s prime minister said on Sunday, adding to a growing number of EU countries that have done the same. “Belgium has decided to close its airspace to all Russian airlines,” Prime…
Global steel giant ArcelorMittal posted on Thursday a record annual profit in 2021 but warned that reducing its carbon emissions posed a financial risk to the group. With prices of raw materials soaring as economies recovered from the pandemic, the…
Global steel giant ArcelorMittal reported on Thursday a record annual profit for 2021, buoyed by the soaring prices of raw materials after a loss the previous year. Despite a drop in production, the company reported a net profit of $14.9…
Luxembourg’s Prime Minister Xavier Bettel on Tuesday announced he was giving up a degree he earned in 1999 after being hit with accusations of plagiarism. Bettel said he asked the University of Lorraine in France to rescind the Master’s-level degree…
Luxembourg’s finance minister, Pierre Gramegna, unexpectedly announced on Tuesday he was leaving the government “for personal reasons” with the prime minister vowing to promptly come up with a replacement. The resignation apparently caught his centre-right Democratic Party — in coalition…
Luxembourg’s Prime Minister Xavier Bettel on Wednesday admitted he should have acted “differently” after accusations he plagiarised swathes of his university thesis. Local outlet reporter.lu claimed the liberal leader — in power for eight years — lifted “three quarters” of…
Covid infections and deaths are on the rise again in Europe, with Russia, Ukraine and Romania registering the highest fatalities on the continent, an AFP tally showed on Tuesday. About 1,672,000 new cases have been registered on the continent over…
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