Displaying items by tag: industry

Donald Trump has paused a proposed 50% tariff on EU goods, extending the negotiation deadline to 9 July after a phone call with EC president Ursula von der Leyen. She requested more time to reach a deal, which Trump agreed to, calling the EU ‘willing to negotiate’. While both sides seek a resolution, the USA remains firm on maintaining a 10% base tariff, rejecting the EU’s recent offer to eliminate industrial tariffs and boost cooperation in AI and energy. Trump’s stance stems from concerns over the EU’s significant trade surplus and regulatory barriers. Meanwhile, the EU has approved retaliatory tariffs worth billions, set to begin on 14 July if talks fail. The escalating tensions risk sparking a costly trade war, which the IMF warns could shrink GDP on both sides. EU and US officials are set to meet next month in Paris to seek resolution. In preparation for these, the EU has requested firms to give details of their dealings with US companies: see

At least five people were killed and six remain missing after a powerful explosion rocked the Shandong Youdao Chemical plant in Gaomi, eastern China. Occurring just before noon, the blast sent a massive plume of grey and orange smoke into the sky, shattered nearby windows, and triggered a major rescue operation. Nineteen others sustained minor injuries. Emergency teams dispatched 55 vehicles and over 230 personnel to the scene, while the ministry of emergency management sent reinforcements. Social media videos showed smoke blanketing the area, with some structures visibly damaged. Witnesses from nearby businesses reported hearing a loud bang and experiencing a strong gust of wind, which caused structural damage and panic. The cause of the explosion has not been released. Shandong Youdao Chemical, founded in 2019 and employing over 300 people, produces pesticides and pharmaceutical chemicals. The tragedy, reminiscent of the deadly 2015 Tianjin warehouse explosions which killed over 100 people, has revived concerns over industrial safety in China.

A critical shipment of raw materials has arrived in the UK to keep British Steel’s blast furnaces in Scunthorpe operational. Following the breakdown of talks with Chinese owner Jingye, the UK government intervened, securing coking coal and iron ore from the US and Australia to prevent furnace shutdowns and potential irreparable damage. This action has brought  'huge relief' to workers and offered renewed hope for the plant’s future. British Steel is the UK’s last producer of virgin steel - vital for national infrastructure, defence, and the economy. Nearly three thousand jobs were at stake, and the government passed emergency legislation to secure operations while working on future ownership plans. Concerns mounted when Jingye ceased raw material orders and began selling existing supplies. Government ministers and union leaders stress the strategic importance of maintaining domestic steel production. Meanwhile, tensions with Beijing have escalated, with warnings that foreign ownership of essential industries must be carefully scrutinised. As the furnaces stay lit, questions remain about long-term stability and national control over vital infrastructure.

The Government has offered to buy the critical raw materials - particularly coking coal - needed to keep British Steel’s blast furnaces running in Scunthorpe. Without this urgent purchase, steel production could halt within weeks and may not be restartable. The offer is directed to Chinese owner Jingye, which has deemed the plant financially unsustainable. Talks continue between British Steel and government officials, with ministers preferring a commercial solution but not ruling out nationalisation. One of the two furnaces, 'Bess,' is scheduled for temporary shutdown on 14 April to conserve remaining materials. The Government hopes to buy time for further negotiations, though frustrations with Jingye’s perceived withdrawal have grown. A new long-term partner may be sought. Unions warn of an 'extreme emergency' and are calling for nationalisation to protect 2,700 jobs and preserve UK steelmaking. A final decision must be made within days to secure new coal and iron ore supplies.

The Government has stated it will not immediately retaliate against the renewal of US steel and aluminium tariffs, instead opting for a measured approach. Trade minister Douglas Alexander emphasised the need for a 'cool and clear-headed' response rather than a knee-jerk reaction. The 25% tariffs, set to take effect from 12 March, are designed to reduce foreign imports and boost US steel production. While the UK only exports 10% of its steel to the US, certain specialist suppliers could face severe impacts; the tariffs could also lead to an influx of cheaper foreign steel into the UK, undercutting domestic manufacturers. In response, UK Steel and unions are urging the Government to increase domestic steel purchases and protect jobs. Other nations, including Canada and the EU, have condemned the tariffs and vowed retaliatory measures, while the UK remains committed to diplomatic engagement. Donald Trump, who imposed similar tariffs in 2018, has indicated no exemptions this time, except possibly for Australia.

Ford plans to eliminate 800 jobs in the UK as part of a broader restructuring of its European operations, citing 'lower-than-expected' demand for electric vehicles (EVs). Ford has to meet the Government's zero-emission vehicle (ZEV) mandate, which requires 22% of car production to be zero-emission in 2024, rising to 80% by 2030. A ban on new petrol and diesel car sales will follow that year, with hybrids allowed until 2035. The financial penalties for exceeding non-ZEV limits - £15,000 per car - are adding pressure on manufacturers. Ford's EV chief had already warned of challenges in meeting these targets; and now workforce reductions have become part of the response. The cuts are part of 4,000 job losses across Europe, including significant layoffs in Germany. Ford's European vice president said that the decision is aimed at securing the company’s future competitiveness in the region.

Germany’s last three nuclear power plants were closed on 15 April. Its car industry has been the market leader for decades. Now production of diesel and petrol engines will end, and gas and oil heating systems will not be installed in homes. Current prosperity, welfare, and economy are being run down and replaced with higher-grade technologies for which technical and personnel replacements are not readily available. Increasing chaos on the railways illustrates the incompatibility of political demands with the current state of infrastructure and the available staffing levels. The political agenda also fuels disruptive actions by climate activists and strikes in the public sector and in state-owned companies. Germany has been entrusted with much historically: the gospel of Jesus Christ, a country of poets and philosophers, a nation with economic stability. Pray for God’s purposes for Germany, not based on history's materialism but on #its God-given identity as a nation.

An annual energy industry exercise to prepare the UK for a possible gas supply emergency has been scaled up to four days instead of two. The potential scenarios include rationing electricity. Industry links the decision to extend the drill to the seriousness of the energy challenges forecast for this winter. The Government says it is a routine part of the energy industry calendar, and insists there is no risk to winter’s gas supplies. A freedom of information request found that business secretary Kwasi Kwarteng has not sought any advice from government officials on possible energy rationing. Energy experts have expressed surprise, particularly as other countries are working on such plans. The Government said this was because the UK had one of the most reliable and diverse energy systems in the world, thanks to investment in renewables, nuclear power, and the North Sea oil and gas industry.

Scott Morrison's government is criticised for its inaction on climate change. When Australia - long considered a climate policy laggard – holds an election on 21 May, the outcome could be significant for the planet's future. Still reliant on coal for most electricity, it is one of the dirtiest countries per capita, making up over 1% of global emissions with only 0.3% of the world's population. It is also a massive supplier of fossil fuels globally; when that is factored in, it accounts for 3.6% of the world's emissions. Australia is most at risk from climate change, having recently suffered severe drought, historic bushfires, successive years of record-breaking floods, and six mass bleaching events on the Great Barrier Reef. It is racing towards a future full of similar disasters. Climate policy played a role in toppling three prime ministers in a decade. Most voters want tougher climate action, but some coal towns in swing constituencies are key to winning elections.

According to the Stockholm International Peace Research Institute (SIPRI), sales of weapons and military services by the world’s 100 biggest arms companies saw a record increase of 1.3% compared with the previous year - the sixth consecutive year of growth even as the global economy shrank. Some governments even accelerated payments to the arms industry in order to mitigate the impact of the Covid-19 crisis. The USA dominates the industry with about 54% of all sales. Pray for Godly design and protection over all International treaties and agreements. God is shaking nations with wars and threats of war. We can pray for them to demonstrate God’s righteousness, justice, mercy and truth and to model His principles in relation to other countries. Pray for God’s protection over all international treaties and agreements.