British Steel plans to close its blast furnaces and steelmaking operations in Scunthorpe after Jingye, its Chinese owner, failed to secure a rescue package with the U.K. government. Despite investing over 1.2 billion pounds since 2020, British Steel is facing daily losses of around 700,000 pounds and blames market conditions, tariffs, and environmental costs. Unions are calling for government support to save 2,000 to 2,700 jobs, but negotiations for new electric arc furnaces have not been successful, leading to uncertainty about the future of the industry.
Full Article
Trump touches down in Scotland for unofficial visit
Donald Trump has arrived in the UK for a five-day private trip, landing at Prestwick Airport and heading to his Turnberry golf course. His itinerary includes meetings with Prime Minister Keir Starmer and Scottish First Minister John Swinney, focused on trade and international issues, while also opening a new golf course dedicated to his late mother in Aberdeenshire. Want More Context? 🔎
Read more