better positioned in europe with a clear shot at second place bested only by luxembourg's arcelor mittal. markets responded well to the merger news with shares for both companies rising on the prospect of six hundred million euros in cost savings in the two companies compliment each other well tata is strong in industrial steel to some clip in steel for auto manufacturing. ryan air europe's largest airline by passenger numbers has announced it will cancel thousands of flights through the end of october that's around forty to fifty flights a day with no guarantee that there won't be more cancellations the airline c.e.o. said this was due to errors made in the scheduling of pilot holidays hundreds of thousands of travelers are already affected the budget airline is preparing for up to twenty million euros in compensation claims at the annual meeting and dublin some shareholders gave vent to their criticisms the relationship with him and pilots in general and after the party is a coming back to him and not meeting him halfway consolations a very unfortunate disappointing i have flights book

tons of steel per year that's a clear shot at second place tested only by luxembourg's our sell on mittal. markets responded well to the merger news with shares for both companies rising on the prospect of six hundred million euros in synergies also the two companies complement each other well tata strong and industrial steel and to some cope in steel for auto manufacturing. he joins us the chief financial officer of course if the german firm is turning its back on steel. no that is clearly not the case i mean take a look at the history of to some crow as the name already to some trouble as a result of mergers coming from the past it was towson and was crap it was first it was run style and we've seen over the past that mergers happened to address all the issues of over capacities in the steel industry in the past this now for us is the next step of a merger addressing the issue of over capacities the stable to a bit we could amanda in europe so we think together with tata who is moral as the same cultural values as we have in our company that this merger will allow us to address the chal

tons of steel per year that's a clear shot at second place tested only by luxembourg's our sell on mittal. markets responded well to the merger news with shares for both companies rising on the prospect of six hundred million euros in synergies also the two companies complement each other well tata strong and industrial steel and to some close in steel for auto manufacturing. and now global financial markets turned their focus to the u.s. investors awaiting the conclusion of the federal reserve's meeting for clues as to whether a third interest rate hike is on the cards this year. economists say the federal reserve is unlikely to announce a rate hike today it could instead begin to unwind its massive four point five trillion dollars bond portfolio those assets were purchased by the fed during the financial crisis as a stimulus solid job growth and a stronger economy have recently pushed the board in the opposite direction it has already raised interest rates twice this year we conflation remains a concern the fed is expected to raise rates again in december global investors are also await

tons of steel per year that's a clear shot at second place tested only by luxembourg's our sell on mittal. markets responded well to the merger news with shares. both companies rising on the prospect of six hundred million euros in synergies also the two companies complement each other well ta-ta a strong and industrial steel plant just in steel for auto manufacturing. and auto manufacturing is important here in germany but it's not the only thing they do right it's not how we're we're going straight to china where a new exhibit of german art has just opened in beijing art both old and new is being shown eight different museums throughout the city bringing germany's art see to chinese audiences there's more. this something new within the walls of beijing's forbidding city german ont more of it than has ever been displayed in china from postwar paintings to contemporary works to photography of hilla and bent under a secure ski and the political portraits of andreas moore the exhibition includes three hundred twenty works by fifty five artists spanning seven decades and it's a sensation vis

arcelor mittal. >> and a deeper look into a city non frost end control of millions of dollars. controller alan buck visits called for the state attorney general to investigate the mayor's fund for inappropriate use of funds and general lack of transparency. spending in question goes back to nutter administration. it helps philadelphia mayor advance goals and buckvitz says is the funds administrators are uncooperative. >> the refusal to assist with auditors and questionable activity we already identified signals that millions of dollars could potentially be susceptible to fraud and misuse. >> nutter administration said spending went through proper channels and mayor kenney has replaced the funds in hopes of restoring accountability. >> and tax reform today after healthcare bill failed. senate republicans decided to scrap last ditch appeal to replace obamacare. gop says while they are moving to other issues they plan to work on healthcare at later date. >> alabama voters decided roy moore will advance in the race for u.s. senate seat. seat previously held by u.s. attorney general

tons of steel per year that's a clear shot at second place tested only by luxembourg's are selling mittal. markets responded well to the merger news with share so both companies rising on the prospect of six hundred million euros in synergies also the two companies complement each other well ta ta a strong and industrial steel plant to include in steel for auto manufacturing. and earlier today the w.'s monica jones asked the chief financial officer of tizen corp if the company is not turning its back on the steel industry. no that is clearly not the case i mean take a look at the history of to some crow as the name already set to us in trouble as a result of mergers coming from the past it was to us and it was crap it was harsh it was wrong style and we've seen over the past that mergers happened to address all the issues of over capacities in the steel industry in the past this is now for us is the next step of a merger addressing the issue of over capacities and the stable to a bit weaker demand in europe so we think together with who is more or less the same cultural values as we have