Hints and tips:
Related Special Reports
...Scholar was removed as Treasury permanent secretary as one of the first actions of former prime minister Liz Truss’s government in September last year....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...Last week the chief executive of rival private hire company Addison Lee, which has also raised fares, said he did not think further price rises were possible given the current economic background....
...In raising concerns over the deal Biden did not refer to national security, speaking only of the need to maintain “strong American steel companies powered by American steel workers”....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...That amounts to just 74.4 Truss prime ministerships. This is how my colleagues characterised her tenure: “Imagine a bunch of people are stuck in a warm, stuffy room together....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...In today’s newsletter: Two big wins for antitrust enforcers The Japanese company buying US Steel The plan to rescue Farfetch Regulators even out the antitrust score Global regulators had been on a losing...
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...Sekisui is the latest in the wave of Japanese companies prowling for cross-border transactions. Nippon Steel snapped up US Steel for $14.9bn last month....
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...Biden has shielded US steel producers from import competition — though with nothing like the sweeping tariffs imposed by Donald Trump — and tried to build a US semiconductor industry through the Chips Act...
...The Texas plant has a production goal of 250,000 Cybertrucks a year, although the company does not expect to meet that objective until at least 2025....
...that the combined company would be the only American steel company among the world’s top 10 producers....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...The ship, which was carrying steel products, reported no serious damage....
...“Nothing I saw made me think ‘oh my God, it’s like a Liz Truss moment — what the hell are they doing?’,” he said, in a reference to the former prime minister’s “mini” Budget last year....
...“We dug our own grave with Cybertruck,” Musk said, as a result of the vehicle’s angular design and unusual stainless steel body....
...and many other Silicon Valley companies....
...Chinese steel exports have increased over the past two years, as has crude steel production. Residential property market problems do not yet seem to be hitting domestic steel demand....
...In the weeks leading up to Glencore’s AGM in May, the company made a takeover bid for Teck Resources of Canada, a miner of coal used in steel making as well as base metals....
...Ministers have offered state support worth over £300mn for Tata Steel to keep open its Port Talbot steelworks in south Wales....
International Edition