The UK government is set to take emergency control of British Steel amid escalating financial challenges, potentially paving the way for nationalisation. This move aims to safeguard jobs and stabilize the struggling steel industry, sources indicate.
Browsing: government intervention
In a significant economic shift, President Javier Milei has announced the end of Argentina’s strict currency controls, known as the “cepo,” following the IMF board’s approval of a US$20-billion bailout. This move aims to restore market confidence amid ongoing financial turmoil.
The Italian government has reduced the asking price for a historic brownstone in New York City that was once owned by fashion icon Calvin Klein. The notable property, which combines luxury living and cultural significance, now presents a unique investment opportunity.