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Corporate News

Europe’s steelmakers rip into revamp of import controls

BRUSSELS: The European Union (EU) steel industry lashed out at the EU’s trade authority for failing to slash import quotas in a planned revamp of them, saying producers in the bloc risk going bust.


ABN Amro loss worse than expected on virus

AMSTERDAM: ABN Amro Bank NV posted a higher-than-expected loss and provisions in the first quarter, prompting new chief executive officer Robert Swaak to ramp up a review of the investment bank as he seeks to return the Dutch lender to profitability.