The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah," a city in the Kurdish-administered northern region ...

Europe turned its sights on Tuesday on the controversial trade in insurance against sovereign loan defaults, the latest consequence to arise from market panic over spiralling Greek debts. European Commission chief Jose Manuel Barroso told the EU parliament in Strasbourg that commission regulators "will examine closely the relevance of banning purely speculative naked sales on Credit Default Swaps (CDS) of ...

Factories located close to polluted areas may be deemed responsible and made to carry out remedial measures, a European court ruled Tuesday. The court in Luxembourg ruled that national authorities have the right, if they have "plausible evidence" to presume "that there is a causal link between operators and the pollution found" close to its premises. The case was handed ...