The 10 biggest business stories on Thursday March 31

Tui Group sees higher summer bookings; David Cameron chairs emergency meeting over the Tata steel crisis

A view of the Tata Steel processing plant at Scunthorpe (Getty)

1. Prime Minister David Cameron is to host crisis talks on the UK steel industry amid mounting pressure on ministers to guarantee the future of the Port Talbot steelworks and its 5,500 staff.

2. Takata has denied it has calculated the cost of the global recall of its faulty airbags, after a report alleged it could be as much as 2.7 trillion yen ($24 billion; £16.7 billion).

3. TUI said holiday bookings for this summer were higher than last year as Europeans chose to holiday in Spain and further afield instead of destinations like Turkey, putting it on track to meet its annual target.

4. Royal London has reported operating profit before tax and exceptional items of £244 million, up 11 per cent.

5. British households save £200 per year thanks to European Union free trade agreements, according to a new report from the London School of Economics.

6. Workers in Qatar renovating a 2022 World Cup stadium have suffered human rights abuses two years after the tournament's organizers drafted worker welfare standards in the wake of criticism, Amnesty International said.

7. BlackRock, the world's largest asset manager, is planning to cut about 400 jobs, Bloomberg reported, citing people with knowledge of the matter.

8. Gett, the on-demand taxi app looking to take on the likes of Uber, has just announced that it has launched a bid to acquire Radio Taxis in London, Business Insider reports.

9. Foxconn, formally known as Hon Hai Precision Industry agreed to acquire Japan's Sharp at a big discount to its original offer. The company will pay about $3.5 billion for a two-thirds stake, cutting its initial offer by nearly $900 million following the emergence of previously undisclosed liabilities at Sharp. The deal marks the largest acquisition by a foreign company in Japan's insular tech industry.

10. Mauricio Macri, Argentina's President has won approval for a repayment deal which should put an end to the country's 15-year battle with holdout creditors.