The UK government has taken control of British Steel’s Scunthorpe plant in a bid to save the country’s last major steelmaking site.
The U.K. government has effectively taken control of Britain’s last remaining factory that produces steel from scratch, seizing it from its Chinese owners following an emergency rescue approved by lawmakers.
British Steel’s Chinese parent company, Jingye Group, had warned that the Scunthorpe plant was losing £700,000 a day due to tough market conditions and rising environmental costs.
Prime Minister Keir Starmer convened lawmakers for a rare emergency session — only the sixth since World War II — to pass legislation aimed at preventing Jingye from shutting down the plant’s two blast furnaces, which are crucial to steel production.
The bill, which became law after receiving royal assent from King Charles III, grants Business Secretary Jonathan Reynolds the authority to direct the company’s board and workforce, guarantee wages for its 3,000 employees, and secure raw materials to keep the blast furnaces operating.
U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end fighting between the United States and Iran, as Reut...
Tajikistan has strengthened its position as one of Central Asia’s fastest-growing economies. According to the European Bank for Reconstruction and D...
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celeb...
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconfer...
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stabilit...
British Prime Minister Sir Keir Starmer has pledged to publish the UK government's long-awaited Defence Investment Plan ahead of next month's NATO summit in Ankara, following growing pressure over the UK's military spending commitments.
As Britain's sanctions on three Georgia-registered companies made headlines on 26 May, the Georgian side of the story was already complicated. The National Bank of Georgia had flagged Arvix LLC, Rapira Group LLC and Aifory LLC to law enforcement back in September 2025.
Britain and Poland are set to sign a new defence and security treaty on Wednesday (27 May), deepening cooperation between the two NATO allies as European governments respond to what they describe as a growing range of hostile threats across the continent.
Georgia’s parliament speaker has accused Britain of “blatant hypocrisy” after London quietly allowed Russian-origin oil products into the country - a move UK officials had reportedly urged Tbilisi to avoid.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celebrations across New York City.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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