Staying relevant: A worker works at one of the Blast Furnaces at British Steel’s site in Scunthorpe, northern England. Britain’s government is racing to secure raw materials to keep the country’s last steelmaking blast furnaces running. — AFP
THE UK government’s seizure of British Steel from Chinese company Jingye on national security grounds suggests extending North Sea oil and gas production is now a no-brainer.
The deteriorating global economic outlook resulting from US President Donald Trump’s tariff war has led many European governments to reconsider their industrial policies and energy transition ambitions, amplifying a debate that started with the 2022 energy price shock.
