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Bright Scholar, a major operator of international and bilingual K-12 schools in China, called the deal a significant acceleration in the expansion of its overseas portfolio. Bright Scholar has already bought three other UK schools over the last year.

Britain has a long tradition of philanthropy. It is the birthplace of the world's first law on charities, the Charitable Uses Act of 1601.

Brazil recorded the second highest number of confirmed cases in the world after the United States, with a total of 772,416 people tested positive for the coronavirus as of 0033 GMT on Thursday, according to the Center for Systems Science and Engineering at Johns Hopkins University.

Britain and the European Union are expected to start trade talks in March. Doubts still remain whether the trade talks could be wrapped up with a deal by the end of the transition period ending on Dec 31.

British Steel's rescue by Jingye, therefore, not only represents short-term survival but presents opportunities for long-term investment and growth, growth that includes the very real possibility of expansion into the fast-growing Asian and Chinese markets.