The British government said Thursday it has taken British Steel into public ownership to "protect the future of steel production in the UK", fully nationalising the company after taking control of it from Chinese firm Jingye.
“Today's decision secures the future of steelmaking in the UK, protects skilled jobs and safeguards a vital national capability," Prime Minister Keir Starmer said in a statement.
Latest stories
Sports Argentine Football Association says US did not detain its president
Argentina's top football officials on Wednesday firmly denied reports that their federation's president and treasurer were detained and questioned upon leaving the United States...
US News US announces civilian nuclear deal with Saudi Arabia
The United States on Wednesday announced a landmark deal with Saudi Arabia that would establish a civilian nuclear program in the Gulf country, with Washington...
Sports Philipsen snaps 'horrible' drought with Tour de France stage 17 victory
Jasper Philipsen admitted he had been feeling the pressure before sprinting to a dominant victory from a reduced bunch at the end of the Tour de France's Alpine 17th stage on Wednesday, to...