Skip to content 
Search

Latest Stories

Tata Steel picks ABB for Port Talbot steel plant electrification

The investment includes the construction of a 320-tonne capacity Electric Arc Furnace (EAF), expected to be commissioned in 2027/8.

tata-steel-green
Artist’s impression of Tata Steel’s state-of-the-art Electric Arc Furnace facility being built in Port Talbot. (Image credit: Tata Steel)
Tata Steel

TATA STEEL has appointed engineering firm ABB to provide electrification and process technologies for its Port Talbot site in South Wales. The project is part of Tata Steel’s £1.25 billion plan to transition to low CO₂ steel production.

The investment includes the construction of a 320-tonne capacity Electric Arc Furnace (EAF), expected to be commissioned in 2027/8. The UK Government is supporting the project with £500 million. Tata Steel said the transformation would reduce CO₂ emissions from the site by almost 90 per cent, equivalent to 1.5 per cent of the UK’s total direct emissions.


Under the contract, ABB will supply high- and low-voltage switchgear, power and distribution transformers, digital control systems, and its ArcSave® electro-magnetic stirring system, also known as Consteerrer®. The system will be delivered under a wider agreement with technology partner Tenova.

Rajesh Nair, CEO of Tata Steel, said: “We’re looking forward to ABB helping us to positively impact the transformation at Port Talbot Steelworks, a site undergoing critical change for the future of UK steelmaking. Their proven technologies and expertise will support our evolving production processes on site, enabling resource and cost efficiencies for the long-term. We’re looking forward to driving this project forward.”

Frederik Esterhuizen, Global Business Line Manager for Metals at ABB Process Industries, said: “Our team has an established relationship with Tata Steel and Tenova and we know that together we can shape operations to benefit how low CO₂ steel is made, safely and sustainably. Our aim is to work with our customer and the various suppliers involved in the project to ensure the timelines for commissioning are met and that the region can continue its rich heritage in steelmaking into the future.”

The commissioning of ABB’s technologies is scheduled to align with the EAF’s startup in 2028.

More For You

Modi Trump

Trump did not give details of the penalty he referred to for India’s trade with Russia. (Photo: Getty Images)

Trump announces 25 per cent tariff on Indian imports

Highlights:

 
     
  • Trump links India’s high tariffs and trade barriers to new punitive measures.
  •  
  • He warned of an unspecified “penalty” over India’s defence and energy ties with Russia.
  •  
  • Trade talks between the US and India have stalled over market access disagreements.

US PRESIDENT Donald Trump announced on Wednesday that imports from India will face a 25 per cent tariff. He also mentioned an unspecified "penalty" for New Delhi’s purchases of Russian weapons and energy.

Keep ReadingShow less
Wegovy

Novo Nordisk’s Wegovy is only available via specialist NHS weight management services

Reuters

Novo Nordisk shares nosedive as Mounjaro, copycat weight loss drugs threaten market lead

Highlights

  • Novo Nordisk loses $70bn (£52bn) in market value after major share price slump
  • Company cuts annual forecasts for both profit and revenue
  • Faces mounting competition from Eli Lilly’s Mounjaro and unauthorised compound drugs
  • Executive reshuffle announced as Maziar Mike Doustdar takes over as CEO
  • UK access to weight-loss jabs remains tightly restricted under NHS guidelines

Novo Nordisk hit by sharp fall as rivals gain ground

Novo Nordisk’s shares fell by more than 20% on Tuesday—its steepest one-day drop—wiping $70bn (£52bn) off its market capitalisation. The crash follows a revised outlook by the company, which lowered its full-year profit and sales expectations amid growing competitive pressure in the obesity drug market.

The fall pushes Novo Nordisk behind European luxury brands LVMH and Hermès in the rankings of the continent’s biggest listed companies, just weeks after reclaiming the top spot.

Keep ReadingShow less
Google rolls out AI search

Concerns raised by businesses and news outlets over declining referral traffic

iStock

Google rolls out AI search in UK as firms raise concerns over web traffic

Highlights

  • Google rolls out optional AI search tool in the UK using Gemini platform
  • ‘AI Mode’ replaces link-heavy results with conversational summaries
  • Concerns raised by businesses and news outlets over declining referral traffic
  • AI Mode already live in the US and India; rollout in the UK underway
  • Google has yet to finalise how ads and revenue will work under the new model

AI Mode arrives in the UK: A shift in search experience

Google is rolling out a new artificial intelligence (AI)-powered search feature in the UK, offering users conversational-style responses instead of traditional lists of links. The optional tool, named “AI Mode”, is powered by Google’s Gemini platform and has already launched in the US and India.

Unlike Google’s standard search layout, AI Mode delivers summarised answers directly within the results page, with significantly fewer external links.

Keep ReadingShow less
barclays

Barclays' trading results followed those of Wall Street banks such as Goldman Sachs, which also reported strong earnings from volatile markets.

Getty Images

Barclays posts 23 per cent rise in first-half profit

BARCLAYS reported a 23 per cent rise in first-half profit, exceeding expectations, as increased trading activity driven by US president Donald Trump's trade tariffs boosted its markets business.

The bank said on Tuesday that pretax profit for January to June reached 5.2 billion pounds, above the analysts' forecast of 4.96 billion pounds.

Keep ReadingShow less
TCS-Reuters

TCS said that it would provide benefits, outplacement, counselling, and support to the employees affected by the move. (Photo: Reuters)

Reuters

TCS to cut 12,000 jobs in 2025, mostly mid and senior staff

INDIA's largest IT services firm, Tata Consultancy Services (TCS), will lay off about 2 per cent, or 12,261 employees, of its global workforce this year. The majority of those affected will be from middle and senior levels.

As of 30 June 2025, TCS's total workforce was 6,13,069. The company added 5,000 employees during the April–June quarter.

Keep ReadingShow less