Thyssenkrupp CEO Miguel Lopez and CFO Jens Schulte (R) attend the annual news conference at their headquarters in Essen, western Germany on November 19, 2024. German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division. The conglomerate, whose products range from steel to submarines, booked a loss of 1.5 billion euros ($1.6 billion) for the 2023-24 financial year, after a loss of over two billion euros the previous year. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)