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Jobs and kebabs on the line as UK steel sector turns on itself over import tariffs

When Jonathan Reynolds announced sweeping tariffs this summer to shield Britain’s steelmakers from a flood of cheap imports, the reaction seemed almost universally positive. “This government is unapologetic in our support for the UK steel sector,” declared Reynolds, then business secretary, promising to defend a “vital industry that underpins Britain’s industrial strength and national security.” Gareth Stace, director-general of the industry body UK Steel, hailed it as “a tremendous outcome” that would stop foreign producers...

Iran’s ‘water bankruptcy’ will weaken regime and nuclear program, UN expert warns

Iran is facing its worst drought in decades, raising fears of evacuations in Tehran while threatening the regime’s stability and nuclear ambitions, according to a leading environmental expert. Kaveh Madani, Director of the United Nations University Institute for Water, Environment and Health, said Iran’s worsening ‘water bankruptcy’ would impact the country’s ability to function and weaken its position on the global stage. ‘This water bankruptcy weakens Iran on the world stage,’ Madani told Fox News...

Senate Democrats, Republicans reach deal to reopen government

There are now enough Senate Democrats willing to back a revamped plan to reopen the government.  A source familiar with the newly-unveiled plan told Fox News Digital that there are enough Senate Democrats ready to join Republicans for a key vote Sunday night as Congress readies to reopen the government.  The latest development comes after an updated continuing resolution was revealed that would reopen the government until Jan. 30, 2026, reverse firings of furloughed workers...

Horse-racing industry faces £10m blow from business rates overhaul

The horse-racing industry is bracing for a £10 million rise in costs after being excluded from new business rate reliefs due to come into force next April — a move that coincides with fears of a fresh tax raid on betting in the upcoming Budget. According to research by Colliers, racing yards are among several categories that will lose access to the current 40 per cent rates relief, facing average increases of more than £7,000...

Tories vow to ‘take a chainsaw’ to ESG rules to boost London listings

The Conservative Party has pledged to scrap mandatory climate and sustainability reporting requirements and rein in regulators “with a tendency to go woke” in a dramatic effort to boost the number of companies listing on the London Stock Exchange. Andrew Griffith, the shadow business and trade secretary, said that if the Tories win the next general election, they will “take a chainsaw” to the layers of green and social disclosure rules that have, in his...