China condemned the UK's nationalization of British Steel, expressing strong dissatisfaction and warning it damaged Chinese companies' investment confidence. The UK government took operational control of the Scunthorpe plant to protect jobs and national capability after owner Jingye considered closing blast furnaces.
As Andy Burnham eyes the role of UK Prime Minister, campaigners and advisors are pushing for public ownership of essential utilities like water and energy. The debate intensifies with Thames Water's ongoing crisis, raising questions about nationalization costs, regulation, and private investment.
South Korea is prioritizing the internationalization of the Korean won as a key task to advance its foreign exchange and financial markets. A task force discussed transforming the won into a freely convertible currency and managing potential risks.
The French National Assembly voted to nationalize ArcelorMittal's French assets. The bill, supported by left-wing parties and opposed by right-wing and Macronist deputies, now returns to the Senate.
Guangzhou's Zengcheng district held an internationalization forum and salon on June 10, 2026, to support overseas expansion for overseas Chinese enterprises (侨企). The event featured strategic cooperation signings with international chambers of commerce and service providers, talent recruitment initiatives, and expert sharing sessions on global market strategies.
Iran is considering nationalizing the Strait of Hormuz, similar to its oil sector, according to Abbas Goudarzi, spokesman for the Iranian parliament. This follows reports of Iran's readiness to block the strait and increase operations in Bab El Mandeb to pressure Israel for a ceasefire.
Catalan companies are increasingly prioritizing internationalization for growth and risk diversification. The 'Catalunya Exporta' program, led by ACCIÓ, aims to guide businesses through planning, market selection, and overcoming common export challenges.
Austria, Spain, and Croatia have revealed their 26-player squads for the upcoming World Cup. Austria's squad features veteran Marko Arnautović and new citizens, while Spain's Fermín López faces surgery. Croatia's Luka Modrić and Joško Gvardiol lead their team.
The UK government's plan to nationalize British Steel is expected to cost taxpayers billions, with estimates suggesting over £1.5 billion by 2028 and an additional £1 billion for transitioning to an electric arc furnace, amid efforts to decarbonize the industry and attract investors through potential mergers.
