Good morning, here’s your Monday morning briefing to set you up for the day ahead. Look out for these three things happening around the world today.
Tata and Thyssenkrupp talk to press
Two major steelmakers, Tata Steel and Thyssenkrupp, agreed a deal on Saturday that will see the two companies combine their European steel operations in a 50/50 joint venture.
An initial deal was struck late last year, but it has now been finalised. The two companies have been conducting consultations with employees ahead of the merge.
T. V. Narendran and Heinrich Hiesinger, the CEOs of Tata and Thyssenkrupp respectively, will meet in Brussels today to take questions from the media regarding the venture.
The new company, named Thyssenkrupp Tata Steel B.V., will be based in the Netherlands. It is expected to become Europe’s second-largest steelmaker with annual synergies of €400m – €500m. The two companies expect the deal to increase their values by approximately €5bn.
Wimbledon gets underway
Wimbledon tennis will get underway today, with both Roger Federer and Serena Williams set to get their tournament started.
Games in the men’s singles, women’s singles and men’s doubles tournaments will begin at 11.30am London time. Matches will be played throughout the day, with the final set of fixtures to begin at 5pm.
While the tournament is usually disturbed by rain most years, the stars of the sport will be forced to battle sweltering temperatures today, which will reach highs of 29°C in the early afternoon.
The tournament will be without Andy Murray this year. The British star, who last won Wimbledon in 2016, was forced to pull out after failing to recover from hip surgery in time.
US to “reaffirm friendship” with Rutte
US President Donald Trump will today welcome Prime Minister of the Netherlands Mark Rutte to the White House in a bid to improve relations between the two nations.
Rutte has criticised Trump on a number of issues over the last year, including his aggression towards Iran and plans to impose strict tariffs on imports of steel and aluminium.
According to a statement released by the White House, the two leaders will discuss trade and investment between their two nations, as well as global defence and security issues.