French unions urge government to takeover ArcelorMittal sites
The company announced plans last month to cut 600 jobs across the seven sites
Trade unionists in front of Arcelor Mittal headquarters in Saint Denis in France on May 13, 2025. (Photo by DANIEL PERRON/Hans Lucas/AFP via Getty Images)
UNIONS in France fighting to save 600 jobs at ArcelorMittal operations in the country called for the government to take control of them, along the lines of what has happened to British Steel.
CGT union chief Sophie Binet promised hundreds of workers demonstrating outside ArcelorMittal's offices of its French subsidiary in France that she would press the issue with president Emmanuel Macron.
"I will deliver to him the CGT proposals to nationalise" the group's French operations, she told the protesting workers.
ArcelorMittal announced plans last month to cut 600 jobs across the seven sites it has in France, from a total workforce in the country of around 7,100 people. It is in the process of negotiating the job reductions with unions.
The group -- the second-biggest steelmaker in the world, formed from a merger of India's Mittal Steel with European company Arcelor -- has warned of industry "uncertainty" after the US imposed 25-per cent tariffs on steel and aluminium imports.
Yet the group in April posted a quarterly group net profit of $805 million (£633m). To shave costs, it is shifting some support jobs from Europe to India, and last year it suspended a $2 billion (£1.57bn) decarbonisation investment in France.
French unions believe Macron's government can follow the lead of its British counterpart, which last month passed a law allowing it to take control of ailing British Steel.
Italy last year also ousted ArcelorMittal as owner of its debt-ridden ex-Ilva plant, accusing the company of failing to prop up the operation after buying control in 2018.
"The Italians have done it, the British have done it... so why aren't we French able to also do it?" asked a regional CGT head, Gaetan Lecocq.
But a junior French minister for business, Veronique Louwagie, told parliament that "nationalisation is not a response in itself to the difficulties faced by the European steel industry".
She also said, however, that the government expected the company "to give what its mid-term strategy in France is".
A lawmaker with the hard-left France Unbowed party, Aurelie Trouve, has put forward a bill for the nationalisation of ArcelorMittal in France.
Trouve said the company "has clearly been organising the offshoring of production for years, and now we are faced with an emergency".
INDIA’s cabinet has approved a new semiconductor plant by HCL Group and Taiwan’s Foxconn, information minister Ashwini Vaishnaw said on Wednesday. The joint venture project is worth approximately £326.3 million.
The plant will be set up near the upcoming Jewar airport in Uttar Pradesh and is designed to have a capacity of 20,000 wafers per month. It will be able to produce 36 million display driver chips, Vaishnaw said at a cabinet briefing in New Delhi.
He said the plant is the sixth to be approved under the India Semiconductor Mission and that commercial production is expected to begin in 2027.
Prime minister Narendra Modi has made chip manufacturing a key part of India’s strategy to increase its role in global electronics production. India currently does not have an operational chipmaking facility.
Earlier in the month, Reuters reported that the Adani Group paused its discussions with Israel’s Tower Semiconductor for a proposed chip project worth around £75.2 billion, following an internal review over concerns related to commercial demand.
The Maharashtra state government had earlier announced approval for the Adani-Tower project in September. That project was expected to produce 80,000 wafers per month and create 5,000 jobs.
In 2023, Foxconn’s planned joint venture with Vedanta, valued at about £14.7 billion, was cancelled. The government had raised concerns over rising project costs and delays in approving incentives.
Other semiconductor projects are still progressing. These include a chip manufacturing and testing plant by the Tata Group worth about £8.3 billion, and a chip packaging facility by US-based Micron valued at approximately £2 billion.
Luxury fashion brand Burberry has announced plans to cut around 1,700 jobs globally—equivalent to nearly one-fifth of its workforce—as part of a major cost-saving initiative aimed at improving profitability and streamlining operations.
The job reductions will take place over the next two years, with the majority of the affected roles based in offices around the world. Burberry’s UK headquarters is expected to see the greatest impact due to its larger number of employees. Some retail staff will also be affected, with changes to shift patterns being introduced to better align staffing levels with periods of peak consumer demand.
As part of the restructuring, Burberry will also eliminate the night shift at its Castleford factory in West Yorkshire, which specialises in manufacturing the brand’s iconic trench coats. The move is expected to result in the loss of around 150 jobs—roughly 25 per cent of the workforce at that facility. Trench coats produced at the site typically retail for between £1,000 and £10,000.
Chief executive Joshua Schulman said the decision followed a long-standing issue of overcapacity at the Castleford site. “For a long time we have had overcapacity at that facility, and that is simply not sustainable,” he said. However, Schulman insisted that the changes were being made to preserve the company’s UK manufacturing base.
“I want to be very clear that we are making this change to safeguard our UK manufacturing, and in fact we will be making a significant investment to renovate this factory in the second half,” he added. “Our intention is that we make our British heritage raincoats in the UK for many generations to come.”
The Castleford factory makes Burberry’s trench coatsGetty
Burberry, which employed approximately 9,170 people globally last year, said the workforce reduction represents around 18.5 per cent of its total employees. The cuts come in the wake of the company’s £40 million cost-cutting programme announced in November, following a slump that led to a full-year pre-tax loss.
On Wednesday, Burberry announced its intention to generate an additional £60 million in savings by the end of the 2027 financial year, bringing the overall target to £100 million. A portion of these savings will come from reducing “people-related costs,” especially in the UK, where teams including design and creative staff are based.
The company’s financial performance has been adversely affected by a decline in global demand for luxury goods, particularly in Asia. In addition, concerns have grown over the impact of higher tariffs in the United States, one of Burberry’s key markets.
For the financial year ending 29 March, Burberry reported a pre-tax loss of £66 million, a sharp contrast to the £383 million profit it posted the previous year. Comparable retail sales dropped by 12 per cent year-on-year, with a 16 per cent decline in Asia significantly contributing to the overall downturn.
Despite the losses, Burberry noted that trading improved in the second half of the financial year compared to the first, a sign the company believes indicates its long-term strategy is beginning to take effect.
Burberry’s outerwear segment—featuring staple products such as trench coats and scarves—continued to perform better than other categories, including leather goods and accessories. The brand has pledged to ramp up its marketing efforts to support core product lines. Recent campaigns have included well-known actors such as Olivia Colman and Barry Keoghan in a bid to reinvigorate consumer interest.
Burberry has unveiled plans to axe nearly a fifth of its global workforceGetty
Investor sentiment appeared to rally following the announcement of the cost-saving plans. Shares in Burberry rose nearly 10 per cent on Wednesday, with investors optimistic that the restructuring will help the company return to profitability.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the brand was facing tough conditions in the mid-range luxury segment. “Burberry is dealing with difficult conditions in the mid-market luxury sector. It doesn’t have the same pull of its ultra-luxe rivals, and aspirational shoppers are more cautious without the deep pockets of wealth to keep them insulated,” she said.
Streeter also noted that although some of the more severe US tariffs have been eased, a broader recovery in China’s consumer confidence—a key market for luxury brands—will take time. “Consumer confidence in China, which has been the powerhouse for luxury brands, will take time to be restored, which could also slow down Burberry’s progress,” she added.
With its workforce restructuring, targeted marketing, and strategic investment in UK manufacturing, Burberry is hoping to stabilise its operations and better position itself amid a challenging global economic landscape.
THE International Monetary Fund (IMF) has transferred the second payment of $1.023 billion (about £804 million) to Pakistan under its Extended Fund Facility programme, Pakistan's central bank announced on Wednesday (14).
This payment coincides with the start of virtual discussions between the IMF and Pakistani officials about the country's upcoming budget on June 2. The IMF delegation postponed their visit to Islamabad due to regional security concerns but is now expected to arrive this weekend if conditions permit.
The talks, which began virtually on Wednesday, will continue until Friday (16). The IMF has appointed Iva Petrova, a Bulgarian economist with a PhD from Michigan State University, as the new Mission Chief to Pakistan. She will work alongside outgoing chief Nathan Porter during this transition period.
The IMF board approved the funds last week after expressing satisfaction with Pakistan's economic reform progress. The package includes an additional arrangement for the $1.4bn (about £1.1bn) Resilience and Sustainability Facility.
"Pakistan's policy efforts under the Extended Fund Facility have already delivered significant progress in stabilising the economy and rebuilding confidence, despite a challenging global environment," the IMF noted in its assessment.
The IMF highlighted Pakistan's strong fiscal performance, with a primary surplus of two per cent of gross domestic product achieved in the first half of the 2025 financial year. This keeps the country on track to meet its target of 2.1 per cent by the end of the financial year.
Pakistan's foreign reserves stood at $10.3bn (£8.1bn) at the end of April, up from $9.4bn (£7.4bn) in August 2024.
These reserves are projected to reach $13.9bn (£10.9bn) by the end of June 2025 and continue growing over the medium term.
For the upcoming budget, the IMF has asked Pakistan to maintain tight fiscal policy, targeting a primary budget surplus of 1.6 per cent of GDP. This will require generating approximately £5.6bn beyond non-interest expenses.
The tax target for Pakistan's Federal Board of Revenue is proposed at 11 per cent of GDP, or £40.5bn. The overall budget deficit target is projected at 5.1 per cent of GDP or £19bn.
(PTI)
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The Blue Light Card scheme currently has over four million members in the UK
Asda has confirmed it will end its partnership with the Blue Light Card scheme later this month, bringing an end to a five-year discount initiative for emergency workers, NHS staff, social care employees, and members of the armed forces.
The supermarket, which joined the scheme during the Covid-19 pandemic to support frontline workers, is currently the only major UK grocery retailer participating in the programme. The partnership will officially conclude on 27 May 2025.
According to a statement published on Asda’s website, Blue Light Card members will no longer be able to link their membership to their Asda Rewards account from 11am on 13 May 2025. For those who had already linked their cards, the discounts will remain valid until 11.59pm on 27 May 2025.
“Asda’s partnership with Blue Light Card is coming to an end on 27 May 2025,” the retailer stated. “From 13 May 2025 11am, Blue Light Card members will no longer be able to link their Blue Light Card Membership to their Asda Rewards Account. Any accounts linked before this date will continue to receive the exclusive member offer as detailed in the terms and conditions until 27 May 2025 11.59pm, at which point the offer will be removed.”
The discount scheme had offered reduced prices on a range of grocery items including fresh meat, cooked meat, fresh fish, fruit and vegetables, dairy products, bakery items, and fresh fruit juices and smoothies.
In a statement to The Independent, an Asda spokesperson said: “We launched our partnership with Blue Light Card during the pandemic to provide additional support for emergency workers and would like to thank them for the opportunity to work with them during the last five years.
“Our focus now is on providing all our customers with outstanding value every time they visit our stores or shop with us online.”
It is understood that the supermarket contacted affected customers on Tuesday to inform them of the decision. Those who had previously linked their Blue Light Card to their Asda Rewards account were notified of the scheme’s upcoming conclusion.
The Blue Light Card scheme currently has over four million members in the UK. It offers access to around 13,000 discounts across a variety of sectors, including travel, retail, and hospitality.
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DJI continues to push the limits of consumer and prosumer drones
DJI has officially launched the Mavic 4 Pro, a feature-packed drone aimed at serious content creators, filmmakers, and drone enthusiasts. Combining major hardware upgrades with innovative new features, the Mavic 4 Pro introduces a 360-degree rotating gimbal, a 100-megapixel Hasselblad camera, and a 51-minute maximum flight time — the longest ever on a Mavic model.
With this launch, DJI continues to push the limits of consumer and prosumer drones, offering versatile image capture capabilities from virtually any angle. The new design and functionality position the Mavic 4 Pro as the company’s most advanced and flexible drone to date.
The standout feature of the Mavic 4 Pro is its triple-camera system, featuring focal lengths of 28mm, 70mm, and 168mm. Each camera supports advanced features such as Dual Native ISO Fusion and RAW stacking for improved image consistency and quality.
At the centre of the system is the all-new 100MP 4/3 CMOS Hasselblad sensor, which supports the Hasselblad Natural Colour Solution for exceptional colour accuracy. With a variable aperture ranging from f/2.0 to f/11, the main camera is capable of stunning low-light performance and cinematic starburst effects. It also supports 6K/60fps HDR video, offering a dynamic range of up to 16 stops.
The 70mm medium telephoto camera features a 48MP 1/1.3-inch sensor and f/2.8 aperture, allowing for compressed perspectives and enhanced portrait shots. The 168mm telephoto lens uses a 50MP 1/1.5-inch sensor and optimised gimbal algorithms to produce stable, high-quality close-ups even at long distances.
First-of-its-kind 360° Infinity Gimbal
For the first time on a DJI drone, the Mavic 4 Pro introduces an Infinity Gimbal with full 360° rotation and 70° upward tilt. This enables users to capture creative angles, including Dutch angles and gravity-defying movements, that were previously only possible through post-processing or complex manoeuvres.
Professional-grade video capture
All three cameras on the Mavic 4 Pro support 4K/60fps HDR recording, while the main Hasselblad camera goes further with 6K/60fps HDR video. Slow-motion enthusiasts can also take advantage of 4K/120fps on the main and medium telephoto cameras, while the telephoto lens records at 4K/100fps.
To ensure consistent colour across all footage, the cameras offer 10-bit D-Log, D-Log M, and HLG profiles — catering to creators who require high dynamic range and professional-grade colour grading.
Safer flying in low-light environments
The Mavic 4 Pro improves on DJI’s renowned obstacle avoidance system with six low-light fisheye sensors and dual processors. This provides high-resolution environmental awareness and omnidirectional obstacle sensing, even in darker conditions or when flying at speeds up to 18 m/s.
The drone can also remember flight paths using visual positioning, even when GPS signals are weak, and return home safely if needed. DJI's ActiveTrack 360° system offers subject tracking even when partially obstructed, and vehicle detection up to 200 metres — useful for complex automotive or action shots.
Longer flights, longer range
With a redesigned aerodynamic body and 95Wh battery, the Mavic 4 Pro offers up to 51 minutes of flight time and a top speed of 90 kph. Its range extends to 41 km, while the new O4+ transmission system ensures low-latency, high-definition video streaming up to 30 km.
New DJI RC Pro 2 controller
DJI has also introduced a new RC Pro 2 controller, designed specifically for the Mavic 4 Pro. It features a 7-inch high-bright Mini-LED display, a rotatable screen for vertical shooting, and a built-in microphone for audio recording. The RC Pro 2 includes 128GB of internal storage, 4-hour battery life, and enterprise-grade transmission reliability.
Intelligent charging and storage options
DJI’s new 240W Power Adapter and Parallel Charging Hub can charge three batteries at once, prioritising the one with the lowest charge. It also functions as a 100W power bank and allows energy transfer between batteries.
The Mavic 4 Pro offers internal storage of 64GB as standard, with the Creator Combo version including 512GB. DJI QuickTransfer enables fast file transfers over Wi-Fi 6 without needing to remove the drone from its case.
Pricing and availability in the UK
The DJI Mavic 4 Pro is now available to order from DJI’s official UK store and authorised retailers. Pricing in the UK is as follows:
DJI Mavic 4 Pro (DJI RC 2) – £1,799 Includes 64GB internal storage, DJI RC 2 remote, and one Intelligent Flight Battery.
DJI Mavic 4 Pro Fly More Combo – £2,299 Includes 64GB storage, DJI RC 2 remote, two additional batteries, 100W USB-C power adapter, charging hub, and shoulder bag.
DJI Mavic 4 Pro Creator Combo – £3,029 Features 512GB internal storage, DJI RC Pro 2 controller, 240W adapter, USB-C cable, two extra batteries, charging hub, and shoulder bag.
DJI Care Refresh plans are also available, covering accidental damage including flyaways and water exposure, with one- and two-year options.
- YouTubeYouTube/ DJI
For drone enthusiasts, filmmakers, and content creators looking to push the limits of aerial photography and videography, the DJI Mavic 4 Pro is now one of the most advanced tools on the market.