Tag #Nationalization

Showing 25 to 36 of 74 results

bbc.com
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UK Government Saves British Steel from Closure

The UK government seized control of British Steel's Scunthorpe plant after a dispute with its Chinese owner, Jingye, securing emergency shipments of raw materials to keep its blast furnaces running for the coming weeks, preventing the loss of virgin steel production and safeguarding 2,700 jobs.

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52% Bias Score

Decent Work and Economic Growth
theguardian.com
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British Steel's Plight: Opportunity for Green Steel Revolution

The struggling British Steel industry presents an opportunity to transition to cleaner, more innovative steelmaking methods, potentially using hydrogen or all-electric processes, while maintaining economic and national security. This involves government investment, research, and potentially national...

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40% Bias Score

Climate Action
theguardian.com
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UK Renationalizes British Steel, Signaling Return to Industrial Policy

The UK government has renationalized British Steel, signaling a return to industrial policy after decades of market-based approaches; this is due to the looming closure of Britain's last blast furnaces and recognition of steel's strategic importance for energy transition and supply chain security.

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52% Bias Score

Industry, Innovation, and Infrastructure
us.cnn.com
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UK Government Takes Control of British Steel Plant

The UK government took control of British Steel's Scunthorpe plant on Saturday, averting its closure by Chinese owner Jingye Group, preserving 3,000 jobs and the UK's primary steelmaking capacity amidst \£700,000 daily losses and market challenges.

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48% Bias Score

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bbc.com
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UK Government Intervenes to Save British Steel

The UK government passed emergency legislation to prevent the collapse of Chinese-owned British Steel in Scunthorpe, securing raw materials to maintain its two blast furnaces after the parent company, Jingye, attempted to sell off en-route supplies; approximately 60% of the workforce is British, and...

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40% Bias Score

Decent Work and Economic Growth
theguardian.com
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UK Government Seizes Control of British Steel Plant Amidst Chinese Owner Dispute

The UK government took emergency control of British Steel's Scunthorpe plant after its Chinese owner, Jingye, stopped ordering raw materials and rejected a \£500 million support offer, risking over \£1 billion in economic losses and thousands of jobs.

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52% Bias Score

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news.sky.com
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UK Government Secures Raw Materials to Prevent British Steel Plant Closure

The UK government has secured the raw materials to keep British Steel's Scunthorpe plant operating after the collapse of negotiations with Chinese owner Jingye, who allegedly planned to shut down the plant by halting raw material orders; three ships carrying materials are either docked or en route t...

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52% Bias Score

Decent Work and Economic Growth
bbc.com
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UK Government Intervenes to Save Scunthorpe Steelworks, Highlighting Shift in Industrial Policy

The UK government intervened to prevent the closure of Scunthorpe steelworks, the last virgin steel producer in the UK, appointing new management to ensure its continued operation, citing national security concerns and a shift in policy to protect strategic industries, contrasting with previous relu...

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48% Bias Score

Industry, Innovation, and Infrastructure
euronews.com
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UK Takes Control of British Steel Amidst Concerns Over Virgin Steel Production

The UK government assumed control of British Steel from its Chinese owner, Jingye Group, on Saturday after Jingye stopped supplying the plant with raw materials, potentially halting the production of virgin steel from the last two blast furnaces in Britain and raising concerns in China about fair tr...

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36% Bias Score

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theguardian.com
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Government Intervention Saves British Steel Plant

The UK government intervened to prevent the closure of British Steel's Scunthorpe plant, owned by Jingye Group, saving four blast furnaces and approximately 20,000 jobs, due to concerns about the Chinese owner's intentions and the plant's critical role in British industry; nationalization is likely.

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56% Bias Score

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dailymail.co.uk
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UK Government Seizes Control of British Steel

The UK government took control of British Steel's Scunthorpe plant from its Chinese owners, Jingye, after a Saturday parliamentary sitting, averting its closure and thousands of job losses; the Royal Navy's potential involvement in fuel delivery highlights the urgency of the situation.

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60% Bias Score

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arabic.cnn.com
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UK Government Seizes Control of Last Primary Steel Plant

The UK government assumed control of Britain's last primary steel plant, owned by Jingye Group, averting its closure and saving 3,000 jobs due to the plant's \$910,000 daily losses and the absence of raw materials. This prevents the UK from becoming the only G7 nation without primary steel productio...

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44% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 74 results