Business

Chinese embassy urges government to act with ‘fairness’ over British Steel

Unions said earlier this month that British Steel's owner, Chinese company Jingye, decided to cancel future orders for the iron ore, coal and other raw materials needed to keep the furnaces running.
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Ministers and businesses are working to secure raw materials to keep British Steel working

Govt ‘confident’ enough raw materials secured to keep blast furnaces going after British Steel rescue

Urgent legislation rushed through the House of Commons and House of Lords on Saturday gives ministers the power to instruct British Steel – owned by Chinese company Jingye – to keep the plant open.
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Without raw materials the furnaces will stop and cannot be restarted. Pic: REUTERS/Dominic Lipinski

Hundred investors force ECB onto sticky wicket over revised £975m deal

The ECB would forego voting control over its flagship new tournament but retain the right to unilaterally cancel it after seven years of a new commercial deal, according to a document seen by Sky News.
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The winners of the men's and women's Hundred finals last August. Pic: Action Images via Reuters/Matthew Childs

Analysis
Analysis
A sticking plaster, not a solution: What next for British Steel?

Keeping the blast furnaces in Scunthorpe alive is far from a foregone conclusion with difficult times to come.

Emergency bill to protect British Steel becomes law

Ministers took the unusual step of recalling parliament from its Easter recess to sit on Saturday to pass the legislation. It is the first time this has happened in more than 40 years.

Analysis
Analysis
Donald Trump has finally blinked – but it’s not the stock markets that have forced him to act

The US president had brushed off the sour equity market reaction to his tariffs as being akin to “medicine” that had to be taken. But, as ever, it is the bond markets that have forced Mr Trump to blink.
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Traders work on the floor at the New York Stock Exchange in New York. Pic: AP

Analysis
Analysis
How market turmoil has affected mortgages, savings, holidays and fuel

There's good news for anyone re-mortgaging, but those with a stocks and shares ISA may have taken a hit.
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File pic

Eyewitness
Eyewitness
Port Talbot: How steel town is grappling with ‘life-changing’ loss of more than 2,000 jobs

Six months since Port Talbot's last blast furnace was closed as part of Tata's green transition, talks are ongoing to save the blast furnaces at Scunthorpe.
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Cassius Walker-Hunt (right) with former colleagues

Analysis
Analysis
China-US tariff war could be reaching stalemate, but more danger lingers

Tariffs have soared so high that any further increases will make little difference. But the leaders could escalate tensions in other ways.
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Tariffs will be painful for traders at the Yiwu International Trade Market, who sell to the US and others around the world. Pic: AP

Nintendo Switch 2 launches straight into Trump’s trade war

China, a significant manufacturing base for the Switch 2, is now subject to a 145% duty on shipments to the US.