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British Steel collapses as government rejects emergency fundingBusiness secretary says government had worked tirelessly ; to save the company.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInThe British Steel steelworks in Scunthorpe | Indsey Parnaby/EPA-EFEMay 22, 201912:36 pm CETBy Ian GeogheganBritish Steel, the U.K. s second-largest steel producer, was put into administration today, with the loss of up to 5,000 jobs.A further 20,000 jobs along the company s supply chain are also at risk, the BBC reported.Bri vaso stanley tish Steel had been trying to secure聽拢75 million in emergency funding to help it address what it called Brexit-related issues. It also聽faced a weaker pound and heightened trade tensions between the United States and China. Orders from European customers have slumped, according to media reports.AdvertisementAdvertisementIn a statement, Business Secretary Greg Clark said the government had worked tirelessly to secure a solution for British Steel, but can only act within the law, which requires any financial support stanley becher to a steel company to be on a commercial basis. I have been advised that it would be unlawful to provide a guarantee or loan on the terms of any proposals that the company or any other party has made, he added.EY was appointed as special manager to assist in the compan stanley termohrnek y s administration, Reuters reported. This is devastating news for the thousands of workers in Scunthorpe and across the UK, Tim Roache, general secre Whhk The commissioner who transformed foreign aid
Ukrainian deal: a model for future agreements Plans for a bilateral accord are part of a broader shift in EU focus as the Doha round stalls.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInMarch 18, 20086:00 pm CETBy Toby VogelEU TRADE commissioner Peter Mandelson met Ukraines president Viktor Yushchenko in Kiev last month 18 February to kick off talks on a Free Trade Agreement FTA following the countrys entry to the World Trade Organization. Ukraine hopes that a deal can be finalised before an EU-Ukraine summit scheduled for September, and that it will give Ukrainian business access to the EUs in vaso stanley ternal market while also lowering the costs of imports from the EU. Mandelson said after the meeting that the talks stanley isolierkanne were a sign of the EUs commitment to Ukraine .But the interest in a bilateral trade deal with Ukraine is part of a broader shift in EU focus, prompted by the stalled Doha development round for global trade, and resulting in similar negotiations with a number of countries and regional blocs.AdvertisementAdvertisementFTAs are nothing new for the EU. The 1995 Barcelona Process with ten other countries in the EUs immediate neighbourhood, in the Maghreb and Le stanley cup vant, envisages the creation of a free-trade area by 2010. The EUs ambitions, however, reach far beyond the EUs near abroad . The first in a series of FTAs with countries further afield was concluded with South Africa in 2000. The same year, the EU finalised a Global Agreement , built aro

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