Jingye
Coverage of Jingye in the Nexus archive.
- Chinese company demands compensation from the UK over British Steel nationalisation
A Chinese company that formerly owned British Steel is demanding compensation from the UK government for investment losses after the nationalisation of the manufacturer. The UK government took operational control of the company following concerns about potential closures at the Scunthorpe plant.
- China’s Jingye demands payout over British Steel nationalisation
China’s Jingye is demanding compensation from the UK government over the nationalisation of British Steel. The UK government is accused of ignoring Jingye’s investment and providing 'almost zero compensation'.
- China firm seeks damages over state control of British Steel
The UK government nationalized British Steel to prevent its closure. China's Jingye Group, which acquired the company in 2020, is seeking compensation for the state takeover.
- Chinese company demands compensation from the UK over British Steel nationalization
A Chinese company demands compensation from the UK government for investment losses after the nationalization of British Steel. The UK government took operational control of the company, citing job preservation and national interest, while the Chinese firm claims the move violated international investment rules.
- Chinese company demands compensation from the UK over British Steel nationalization
Jingye Group, the former owner of British Steel, is demanding compensation from the UK government for investment losses following the nationalization of British Steel. The company seeks redress for financial impacts caused by the UK's recent takeover.
- China warns UK over British Steel nationalisation, demands fair resolution
China has warned the UK against the nationalization of British Steel, with Jingye seeking compensation after the UK fully took over the loss-making company, citing security risks as the reason.
- 'We will have to share the water': a quarter of small waterways in France have run dry
A quarter of small waterways in France have run dry, leading to water restrictions in 100 departments due to low rainfall and heatwaves. The UK nationalized a Chinese-owned steel factory, expropriating Jingye Group, while Spanish scientists in Central Asia aim to refill a desertified lake to prevent CO2 release.
- UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity
The UK government has nationalized British Steel to protect the nation’s steelmaking capacity after its Chinese owner, Jingye Group, sought to shut the Scunthorpe plant’s blast furnaces. The move aims to preserve jobs and ensure domestic steel supply for construction and defense, with operational control taken last year following plans to close the UK’s last virgin steel production facility.
- UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity
The UK government nationalized British Steel, owned by China’s Jingye Group, to prevent the closure of its blast furnaces and protect domestic steel production critical for construction and defense. The move aims to save 2,700 jobs and establish a sustainable steel sector, with an independent evaluation to assess compensation for Jingye Group.
- Full nationalisation of British Steel expected in King’s speech
The British government is expected to announce the full nationalisation of British Steel in the King's speech, a year after taking over the daily running of the loss-making business from its Chinese owner. The steelmaker employs 3,500 people at its plant in Scunthorpe. Nationalisation is likely to safeguard Britain's last blast furnaces and save thousands of jobs.