Stonehill Deploys $1.2 Billion in Real Estate Investments


Germany’s Thyssenkrupp says Europe must match U.S. climate package

German conglomerate Thyssenkrupp on Monday joined peers in saying that European industry was under threat should the continent fail to come up with a scheme similar to the U.S. climate package to boost local companies. “The common task of policymakers, business and society must … be to ensure that the green transformation succeeds without deindustrialization,” Chief Executive Martina Merz said in a prepared speech published ahead of the group’s annual general meeting on Friday. She said that was particularly the case for Germany with its industrial base, including steel, cement and chemicals makers, that have all suffered from higher energy costs, driving inflation at a time when they need to decarbonise production.