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Category: Business

UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity

UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity

LONDON — The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity after the company’s Chinese owners moved to shut the plant’s blast furnaces. The Department for Business and Trade announced the move on Thursday, saying it would save thousands of jobs and protect the U.K.’s national interest by ensuring a supply […]
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Baltics and Poland warn Russia could launch limited military or hybrid provocation against NATO

Baltics and Poland warn Russia could launch limited military or hybrid provocation against NATO

VILNIUS, Lithuania — Lithuania’s president said Wednesday that intelligence assessments suggest that Russia is planning potential attacks on critical infrastructure in the Baltic states or Poland. President Gitanas Nausėda said that authorities were monitoring the risk of attacks that could disrupt the country’s energy and transport systems, including facilities supporting Lithuania’s connections with the European […]
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US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

WASHINGTON — U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers — dropped 0.3% from May, biggest decline since April 2025 and a reversal from […]
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Category: Business

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