Indian steel giant has been reprieved by a raft of government incentives and rising steel prices.
The pound has dropped by about 14 percent against the dollar since it hit $1.50 ahead of E.U. vote.
By Michael Lerner Unions agreed to layoffs of a third of the staff rather than a likely path to bankruptcy.Europe,Akbar al-Baker,Italy,Layoffs,Meridiana,Qatar,Qatar Airways,Michael Lerner
U.K. Finance Minister George Osborne also ruled himself out to replace David Cameron as P.M.
S&P's move was a fresh blow to Britain's economic standing after the Brexit referendum.
BASF, the world's largest chemical producer, will boost its automotive coatings business.
Siemens will pay $1.13 billion for a majority stake in the combined firm.
The move comes as countries around the world are cracking down on cigarettes.
British banking giant blames weak performance on considerable uncertainty in financial markets.
Italy’s unemployment rate has reached 11 percent, with its banking sector crippling under massive bad debts.
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