EU / USA: Trump backs away from extra tariffs – for now
Donald Trump has paused a proposed 50% tariff on EU goods, extending the negotiation deadline to 9 July after a phone call with EC president Ursula von der Leyen. She requested more time…
China: five killed in massive chemical explosion
At least five people were killed and six remain missing after a powerful explosion rocked the Shandong Youdao Chemical plant in Gaomi, eastern China. Occurring just before noon, the blast sent a massive…
Raw materials arrive to keep British Steel furnaces burning
A critical shipment of raw materials has arrived in the UK to keep British Steel’s blast furnaces in Scunthorpe operational. Following the breakdown of talks with Chinese owner Jingye, the UK government intervened,…
Government offers to buy coal to keep British Steel going
The Government has offered to buy the critical raw materials - particularly coking coal - needed to keep British Steel’s blast furnaces running in Scunthorpe. Without this urgent purchase, steel production could halt…
UK not planning to hit back at USA on steel tariffs
The Government has stated it will not immediately retaliate against the renewal of US steel and aluminium tariffs, instead opting for a measured approach. Trade minister Douglas Alexander emphasised the need for a…
Ford to cut 800 jobs as it reacts to EV challenges
Ford plans to eliminate 800 jobs in the UK as part of a broader restructuring of its European operations, citing 'lower-than-expected' demand for electric vehicles (EVs). Ford has to meet the Government's zero-emission…
Germany: transition - with divine guidance
Germany’s last three nuclear power plants were closed on 15 April. Its car industry has been the market leader for decades. Now production of diesel and petrol engines will end, and gas and…
Potential energy crisis?
An annual energy industry exercise to prepare the UK for a possible gas supply emergency has been scaled up to four days instead of two. The potential scenarios include rationing electricity. Industry links…
Australia: election and climate change
Scott Morrison's government is criticised for its inaction on climate change. When Australia - long considered a climate policy laggard – holds an election on 21 May, the outcome could be significant for…
Global: weapons trade’s record profits in 2020
According to the Stockholm International Peace Research Institute (SIPRI), sales of weapons and military services by the world’s 100 biggest arms companies saw a record increase of 1.3% compared with the previous year…
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