Boris Johnson’s move to extend tariffs on imported steel by two years — a probable breach of World Trade Organisation rules — was welcomed by protectionist MPs from both sides of the political aisle. Industry also predictably lauded the decision, saying it will be protected from artificially cheap imports. Much like fishing, steel carries with it a disproportionate amount of political focus compared to its size — in 2020 the £2bn it contributed to the economy was the equivalent of just 0.1pc of total economic output and 1.2pc of manufacturing. But as the industry likes to point out: everything is made of steel. The metal goes into cars, aircraft, new buildings and the machinery that forms almost everything else. Without it, steel insiders say the logic of having a manufacturing industry in the UK would be considerably weaker — a fact that will not be lost on the Prime Minister. The move was pegged as an effort to “protect the steel sector”, Trade Secretary Anne-Marie … [Read more...] about With the Tories in turmoil, steel helps Boris Johnson show his mettle
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Naby Keita and Joe Gomez set to be offered new contracts at Liverpool
Liverpool are in talks with Naby Keita over a new contract, while they hope Joe Gomez will also sign a new deal with the club. Neither man was a regular in the starting XI last season, with Keita making 14 Premier League starts and Gomez just four in the top flight. The midfielder did make 40 appearances across all competitions, though, while the England international made 21, falling down the pecking order after the arrival of Ibrahima Konate. Despite being on the fringes of the first team, Liverpool clearly feel both players have important roles to play at the club, with new contracts planned. The Athletic report that talks are ongoing with Keita, with his current deal set to expire next year. Jurgen Klopp remains a fan of the midfielder, and with no new arrivals in central midfield this summer, he will have a part to play in the coming season. The report does not suggest that negotiations have begun with Gomez yet, but there is less pressure to get a deal done as his … [Read more...] about Naby Keita and Joe Gomez set to be offered new contracts at Liverpool
Buy locally-made jewellery to avoid Russian conflict gold
“If your jewellery isn’t made in New Zealand, there’s no way of knowing where your gold was mined,” said Ash Hilton from Good Gold and Ash Hilton Jewellery. The United States, UK, Canada and Japan are moving to ban imports of Russian gold in a bid to hamper the Kremlin’s war in Ukraine, but New Zealand has not signalled it will follow suit. A spokesperson for Foreign Minister Nanaia Mahuta said New Zealand was aware of the plan, and was looking at all options to further pressure Russian President Vladimir Putin’s regime, and cut off its financial system from international markets. But for buyers who want to avoid inadvertently buying jewellery made from Russian gold, things are tricky because many jewellers do not disclose the ultimate sources of the gold in their bling. READ MORE: Would you pay $17,499 for a lab-created diamond? Queenstown man selling Central Otago gold mine claim for $80,000 Old rings become treasure as gold rally revives scrap recycling … [Read more...] about Buy locally-made jewellery to avoid Russian conflict gold