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Jian Sun

07 Oct, 24

Huge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’

The pound has fallen sharply after the governor of the Bank of England told the Guardian it could become a “bit more aggressive” in cutting interest rates if inflation continues to cool. Andrew Bailey said he was encouraged that cost of living pressures had not been as persistent as feared, but warned the Bank was monitoring the […]
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30 Sep, 24

UK to finish with coal power after 142 years and becomes first G7 nation to exit coal-fired power

The country has been burning coal to make electricity since 1882 but the last remaining plant in Nottinghamshire, is being decommissioned as capacity from clean alternatives has allowed it. The final coal-fired power station left in the UK will be shut down later on Monday amid the transition to renewable energy. The closure of Uniper-owned […]
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30 Sep, 24

Chinese Embassy in the UK Celebrates 75th Anniversary of the People’s Republic of China

Chinese Embassy in the UK hosted a reception to mark the 75th anniversary of the founding of the People’s Republic of China on Wednesday last week . H.E. Ambassador Zheng Zeguang delivered the keynote speech, while Parliamentary Under-Secretary Catherine West, representing the UK government, also addressed the gathering. The event was attended by more than […]
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23 Sep, 24

US to ban Chinese tech in cars

The US is planning to ban certain hardware and software made in China and Russia from cars, trucks and buses in the US due to security risks. BBC reports Officials said they were worried that the technology in question, used for autonomous driving and to connect cars to other networks, could allow enemies to “remotely […]
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11 Sep, 24

British steel industry braces for 2,500 job cuts at Port Talbot in government deal

Announcement on taxpayer-funded rescue plan for Tata-owned south Wales plant expected on Wednesday. From The Guardian’s report The British steel industry is braced for 2,500 job cuts at the Port Talbot steelworks, with thousands more jobs at risk in the UK, as the government prepares a taxpayer-backed deal for the south Wales plant. The business secretary, Jonathan […]
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