United Kingdom

Christoph Steitz

German energy shift will be like 'open-heart surgery' - economy minister

12:40pm GMT

BERLIN Germany's transition to a fossil-fuel free energy mix will be like undergoing "open-heart surgery" as the car, steel and renewable industries will need to work hard to stay competitive, its economy minister said on Tuesday.

Germany's RWE to cut one in three jobs in $2.9 billion coal exit deal

16 Jan 2020

FRANKFURT RWE , Germany's biggest power producer, will cut about 6,000 jobs, or nearly a third of its current workforce, by 2030 as the country moves to phase out brown coal as an energy source, the company said on Thursday.

Spekulation um Deutsche Stahl AG erneut angeheizt

10 Jan 2020

Düsseldorf/Frankfurt/Hamburg Die angespannte Lage der Stahlindustrie hat einmal mehr Spekulationen über ein mögliches Bündnis der beiden deutschen Branchenführer Thyssenkrupp und Salzgitter angeheizt.

Uniper eyes CO2-neutral power sources to plug gap left by exiting coal

18 Dec 2019

DUESSELDORF, Germany Utility Uniper could buy hydro plants and expand the lifespan of a Swedish nuclear plant it co-owns with top shareholder Fortum to help plug the gap from a planned phase-out of coal in Germany, its chief executive said.

Thyssenkrupp board leans towards elevator sale as funding needs grow - sources

18 Dec 2019

FRANKFURT The majority of Thyssenkrupp's management board is leaning towards a sale of its 15 billion euro (£12.89 billion) elevator division, two people familiar with the matter said, citing the conglomerate's weakened balance sheet.

Thyssenkrupp's elevator unit eyes margin lift as sale nears

11 Dec 2019

FRANKFURT/DUESSELDORF, Germany Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.

Thyssenkrupp rührt vor Elevator-Verkauf die Werbetrommel

11 Dec 2019

Düsseldorf/Frankfurt Der kriselnde Thyssenkrupp-Konzern heizt das Bieterrennen um die milliardenschwere Aufzugssparte mit neuen Gewinnversprechen an.

UPDATE 2-German utility EWE wins French investor Ardian as new investor

06 Dec 2019

* Reuters previously reported Ardian in the lead (Adds details from press conference, Ardian comment)

Thyssenkrupp presents 'complex' turnaround plan for steel - workers

03 Dec 2019

DUISBURG/FRANKFURT Ailing conglomerate Thyssenkrupp has worked out a new strategy for the group's steel business, a leading labor representative said on Tuesday, adding the roadmap included significant investments but also restructuring steps.

Thousands of UK jobs at risk as E.ON breaks up Npower

29 Nov 2019

FRANKFURT/DUESSELDORF, Germany German energy group E.ON plans a 500-million-pound break-up of the struggling British Npower division it inherited from Innogy , which unions said could put up to 4,500 jobs at risk.

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