GBP/USD rallies past 1.3000 as China escalates trade-war with US The Pound Sterling (GBP) extends its gains versus the US Dollar (USD) as the US-China trade war escalates, with Beijing imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, GBP/USD trades at…
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Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Apr 11, 2025, 6:00 PM CDT The United States’ shift to a net oil exporter means that falling oil prices…
Parliament is to be recalled tomorrow (Saturday 12) so MPs can vote on whether to nationalise British Steel. Last month, Jingye, the Chinese owner of the UK’s only remaining blast furnaces said they were consulting on plans that could see the Scunthorpe steelmaking facility, which it said loses £700,000 per day, shut down. Trade groups…
Three directors of an Essex-based contractor that has gone into administration have launched a new company that has acquired the failed business and its assets. Groundwork specialist Colwin Construction appointed administrators from Leeds-based Lewis Business Recovery and Insolvency on 19 March. However, the firm and its assets were acquired by newly launched company Colwin Group…
A loss-making contract in Germany has tipped Bouygues Energies & Services (E&S) back into the red despite a 7 per cent increase in turnover. The latest accounts for the UK-based construction engineering subsidiary of French group Bouygues were signed off last week (3 April). They revealed a pre-tax loss of £6.6m in the 2023 calendar…
There were no unsuccessful tenders to win places on the Building Safety Regulator’s (BSR’s) higher-risk building framework, Construction News can reveal. Seven companies won places on the framework in October 2023 with LB Building Control winning an extra place last year, the BSR said. The framework sees the companies carry out tasks such as building…
This story was written with AI assistance from Harmsworth Who is Harmsworth? Developer Salboy’s joint venture partner Domis is set to build the UK’s tallest tower outside London, after Manchester City Council approved the second phase of the £360m Viadux scheme. The project includes a 76-storey tower in Deansgate that will rise to 246 metres….
The GFL is not off to a great start, and that’s become more evident following the news the rookie upstart promotion cancelled their inaugural fight cards. On Wednesday night, MMA Fighting confirmed with California State Athletic Commission executive Andy Foster that GFL’s weekend doubleheader slated for May 24 and 25 in Los Angeles is no…
Image: Connor Jewiss / Foundry After a volatile week for Apple’s stock punctuated by a respite Wednesday following the announcement that President Trump was pausing tariffs on dozens of countries, there’s some potential good news for the iPhone maker. While punishing tariffs of 125 percent remain on imports from China, Apple could receive a much-needed…
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