
Rolling coverage of the latest economic and financial news
A fire has broken out at Tata Steel’s plant in south Wales, with the manufacturer saying it is too early to say whether the incident will affect its operations.
Emergency services attended the Port Talbot site at 8pm last night to deal with a fire at one of its processing lines, the company said in a statement. All staff were accounted for and evacuated to safety, it said.
“UK construction companies reported a steep downturn in business activity during May, with the speed of contraction accelerating to its fastest for six years. House building remained especially subdued, and there were fresh challenges in the construction sector from a considerable softening of commercial activity since April.
“Anecdotal evidence suggested that economic uncertainty and rising inflation in the wake of the Middle East conflict had triggered the steepest drop in new work since the beginning of the pandemic. Elevated borrowing costs were also reported to have impacted market conditions.
Continue reading...United Kingdom
EUROPE
Related News
Germany news: National team won't win World Cup, fans think
18h ago
Pigeons' livers may enable magnetic navigation when the sun doesn't shine, study finds
18h ago

Paddleboard firm owner who caused four deaths has bid to cut sentence refused
20h ago

Former student charged after University of Surrey crossbow attack
21h ago
Can Hawaii wean itself of oil imports?
18h ago