Keywords: Industrial policy
China's Jingye Steel has intensified its dispute with the United Kingdom government, formally demanding what it describes as full and effective compensation following the state's takeover of British Steel. The latest statement marks the strongest public position yet from the Chinese steelmaker......
Europe’s chemical industry is facing mounting pressure as persistently high energy prices continue to erode its competitiveness in global markets. Industry leaders warn that without decisive action to improve the business environment, energy-intensive manufacturers could increasingly relocate production......
The German government has said it is working to prevent the closure of domestic factories operated by Volkswagen, as Europe’s largest carmaker continues to face pressure from rising costs, global competition, and industrial restructuring challenges. A government spokesperson stated on Monday that......
The European Investment Bank (EIB), the lending arm of the European Union, has approved a record €3 billion financing package for aerospace manufacturer Airbus, marking the largest loan ever granted to a single corporate borrower by the institution. The financing is designed to support long-term......
The European Union is intensifying efforts to secure long-term access to critical minerals by strengthening its partnership with Brazil, a move aimed at reducing dependency on concentrated global supply chains dominated by a limited number of producers. Speaking during a visit to Brazil, EU Commissioner......
German specialty chemicals group Evonik has announced plans to eliminate 3,200 jobs worldwide by 2029 as part of an expanded restructuring programme aimed at improving efficiency and adapting to challenging global economic conditions. The company stated that the job reductions will include approximately......
Major Indian industrial groups, including Reliance Industries, Vedanta, and the Adani Group, are reportedly showing strong interest in developing rare earth processing facilities in the southern state of Andhra Pradesh, as India seeks to reduce its dependence on China for critical mineral supplies. According......
China has confirmed that it is currently engaged in negotiations with the European Union regarding new restrictions imposed on duty-free steel imports. According to a spokesperson from China’s Ministry of Commerce, the discussions are taking place under the framework of the World Trade Organization......
Several European Union member states, including France, Italy, and Spain, are urging the European Union to reinforce and accelerate its trade defence mechanisms in response to what they describe as unfair competition from low-cost imports that threaten European industries. The initiative, also supported......
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