China has warned the UK government to treat the Chinese owners of British Steel fairly or risk undermining investor confidence in the country, two days after British authorities took control of the company.China’s Foreign Ministry made the comment on Monday as government-appointed managers raced to prevent British Steel from shutting down the last two blast…
British Steel Plant (AP file photo) LONDON: Britain’s government on Monday raced to secure raw materials to keep the country’s last steelmaking blast furnaces running after passing emergency legislation to take control of British Steel.Prime Minister Keir Starmer’s government swooped in on Saturday to prevent the closure of British Steel’s main plant in northern Scunthorpe…
London – The U.K. was “naive” to allow its sensitive steel industry to fall into the hands of a Chinese company, Britain’s business secretary said on Sunday after the government took control of British Steel. But Jonathan Reynolds said he did not suspect the Chinese state of trying to tank the plant in northern England,…
LONDON — The U.K. government on Friday called an emergency weekend Parliament session to pass legislation aimed at saving the country’s last factory that makes steel directly from raw materials, a move widely called for since U.S. President Trump imposed tariffs on imported steel. British Prime Minister Keir Starmer said lawmakers are being asked to return on…
LONDON — The U.K. government on Friday called an emergency weekend session of Parliament to pass legislation aimed at saving the country’s last factory that makes steel directly from raw materials, a move that has been widely called for since U.S. President Donald Trump imposed tariffs on imported steel. UK government recalls Parliament for emergency…
* UK to pass emergency laws to take control of British Steel UK parliament recalled on Saturday to pass emergency law * Government wants to safeguard blast furnaces * China-owned British Steel is loss-making * PM says government will preserve all viable options to save company By Sarah Young and Alistair Smout LONDON, – Britain…