Financial Times' Key Highlights: Diplomatic Summons, Tube Strikes, and Steel Takeover
The UK has summoned the Israeli ambassador regarding West Bank settlement approvals. London's Tube union announced a September strike, threatening to disrupt transport. The government plans to manage part of Liberty Steel following insolvency. Health Secretary Wes Streeting pressures pharmaceutical companies in NHS drug pricing negotiations, setting a Friday deadline.
The United Kingdom's government has taken a firm stance against Israel's recent approval of settlement projects in the West Bank by summoning the Israeli ambassador. Britain denounces this as a 'flagrant breach' of international law, signaling heightened diplomatic tensions.
Meanwhile, London's transportation network faces imminent disruption as the RMT union announced a strike on the Underground. Starting September 5, the strike threatens to cripple the capital's commute, affecting thousands of daily travelers.
In a significant business move, the UK is prepared to take over a substantial portion of Sanjeev Gupta's Liberty Steel operations after insolvency was declared in the High Court. This decisive action underscores the UK's commitment to maintaining its steel industry.
In healthcare, Wes Streeting, the Secretary of Health, has issued a sharp ultimatum to pharmaceutical firms. He demands acceptance of new NHS drug pricing terms by Friday or promises a public fallout, setting the stage for tense negotiations.
(With inputs from agencies.)
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