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Struggling steel giant Thyssenkrupp's shares slump after profit hit
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Economy
by  AFP

Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.

EU accuses TikTok of violating digital rules over ads
EU accuses TikTok of violating digital rules over ads
Economy
by  AFP

The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media platform was not transparent enough about advertisements. Under the DSA, the world's largest digital companies must establish an advertisement library that shows information about the adverts that run on their platforms.