Jasper Jolly

1 week ago | theguardian.com | Rob Davies |Jasper Jolly

UK manufacturing is expected to receive support to ease energy costs and boost skills, the Guardian understands, as part of a long-awaited industrial strategy due to be unveiled next week. Energy-intensive industries have long complained that they pay too much for electricity compared with competitors in the EU, while the wider industrial sector has struggled to recruit skilled staff.

1 week ago | theguardian.com | Julia Kollewe |Jasper Jolly

Steel trade unions have said it is “absolutely vital” that the UK rapidly secures a deal to protect the sector from Donald Trump’s tariffs, after the industry was excluded from an initial UK-US pact signed last night. Keir Starmer and Trump signed off a UK-US trade deal at the G7 summit in Canada, with the US president saying Britain would have protection against future tariffs “because I like them”. The car industry was relieved that tariffs on the sector will be reduced to 10% from 27.5%.

1 week ago | msn.com | Julia Kollewe |Jasper Jolly

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1 week ago | theguardian.com | Julia Kollewe |Jasper Jolly

The four main Israeli company stands at the Paris airshow have been shut down after exhibitors reportedly refused to remove some weapons from display. The stands were hidden from view after pressure from the French government on the organisers of the aerospace industry event, a source told the Guardian. The stands were used by Elbit Systems, Rafael, IAI and Uvision. Three smaller Israeli stands, which did not have hardware on display, and an Israeli Ministry of Defence stand, remain open.

1 week ago | theguardian.com | Jasper Jolly

The Chinese owners of British Steel are gearing up to try to recover hundreds of millions of pounds of loans from the company after the UK government took over its operations. Jingye Group said it was assessing the chances of recovering hundreds of millions of pounds in debts owed to it by British Steel, and is thought to have engaged advisers at the accountancy firm PwC to work out a valuation for the business.