The government first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down. No private sector buyers came forward.
Business
·
U.K. Nationalizes British Steel, Its Last Major Steel Mill
CN
CitrixNews Staff
Originally reported by New York Times. Read the full story at the original source.
Related Articles
Business
Nvidia gets $500bn from major banks to develop AI data centres
Image source, ReutersImage caption, Nvidia CEO Jensen Huang has seen his company's value soar amid the AI boom in t...
CitrixNews Staff
·
41 minutes ago
Business
Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push
Nvidia is working with some of Wall Street's largest asset management firms on a $500 billion effort to finance art...
CitrixNews Staff
·
4 hours ago
Business
The Guardian view on Meta’s smart glasses: regulators must get on the front foot | Editorial
Privacy needs defending against invasive wearable gadgets. So far, businesses are ahead of the governmentIt is not yet c...
CitrixNews Staff
·
5 hours ago
Business
Water companies circumventing bonus rules? What did ministers expect? | Nils Pratley
Door was left open to such behaviour because the regulator for England and Wales can only use the powers it was given by...
CitrixNews Staff
·
5 hours ago