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...The Horizon report says Nippon has been instrumental in helping the Chinese steel industry to develop, including through one joint venture involving Baosteel, the largest Chinese steel company....
...Lawyers for Builder.ai and Duggal said the company had provided timely, full and frank disclosures to investors asking about public reports about the company’s chief executive....
...Fashion has been through the workwear mill many times, from double denim to steel toe caps, passing by the ever-popular bleu de travail....
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...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said in a statement on Thursday....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...Not all UK train builders are in crisis. In Yorkshire, Siemens is about to start assembling new trains for the London Underground....
...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”....
...On Thursday, President Joe Biden threw cold water on Nippon Steel’s pending $15bn acquisition for US Steel, once a national icon. He said US-steel should remain American....
...A person with knowledge of Nippon Steel’s thinking said the company does not plan to give up its bid for US Steel even if Biden publicly expresses opposition to the takeover....
...The company is building Chancay along with a junior partner, Peruvian mining company Volcan....
...The fight over the future of the century-old steelmaker comes after decades of decline at US Steel, once the world’s most valuable company....
...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....
...Exhibit A: Nippon Steel’s $14.9bn takeover offer for US Steel....
...Nippon Steel’s winning offer, which values US Steel’s equity at $14.1bn, follows a tradition of Japanese companies paying handsomely for overseas acquisitions....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...A €200mn impairment in its steel business, as a result of high interest rates hitting capital costs, prompted the company to abandon its previous forecast of a full-year net income “in the low to mid three-digit...
...Large multinational companies are urging Joe Biden’s administration to keep politics out of any national security review of Nippon Steel’s purchase of US Steel after a bipartisan backlash to the deal in...
...“It is important for us to get ahead of China’s new export surge and their continued pressure on prices that make it hard for American steel companies to compete,” said a senior US official, who added that...
...The decision is expected to lead to up to 2,800 job losses across the company’s heavily lossmaking UK operation, which employs about 8,000 people....
...Joe Biden is preparing to oppose Nippon Steel’s proposed $14.9bn purchase of US Steel, a move that is likely to upset one of Washington’s closest allies but delight key voters in the rustbelt....
...Or creating “transition councils” in hard-to-decarbonise sectors such as aviation and steel....
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...“There is a massive lack of transparency in this company....
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