China hits out at British Steel nationalisation

China hits out at British Steel nationalisation

The nationalisation came after Parliament on Wednesday passed legislation allowing the government to bring the steel industry into public ownership under circumstances where it met a public interest test. Jingye is seeking compensation, having previously said the business was losing £700,000 a day. The BBC has been unable to get a response from Jingye itself…

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British TV giants merge to take on Netflix

British TV giants merge to take on Netflix

Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion (R34.6-billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney. Sky CEO Dana Strong said the deal, announced on Monday, was a “defining moment”, one of the biggest in…

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