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...Discussions with the company continue.”...
...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....
...The chief of Germany’s largest military contractor Rheinmetall has urged European countries to ditch their preference for national champions and build bigger, more specialised defence groups to compete with...
...pro-union US president in decades and a champion of American jobs....
...Companies: Abbott Laboratories and infrastructure company Kinder Morgan are scheduled to report first-quarter earnings. Five more top stories 1....
...“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....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...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”....
...The burgeoning firestorm around the proposed takeover of US Steel could pose a political dilemma for President Joe Biden, who has cast himself as the most pro-union president in decades and a champion of...
...Growth Champions 2025....
...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....
...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....
...Nippon’s proposed $14.9bn acquisition of the Pittsburgh-headquartered steel producer has sparked a bipartisan backlash in Washington and raised a political dilemma for Biden, who has cast himself as a champion...
...There was an exception last weekend when China’s Wei Yi, 24, captured first prize in a competitive field at Tata Steel Wijk aan Zee, the annual Netherlands tournament known as the “chess Wimbledon” due to...
...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....
...US president in decades and a champion of American jobs....
...China’s world champion, Ding Liren, has returned to the board this week after an eight-month absence during which rumours abounded....
...Exhibit A: Nippon Steel’s $14.9bn takeover offer for US Steel....
...Airbus is a European “champion” too, assembled from mergers and aided by state support, and uses a network of outsourced suppliers that also includes Spirit....
...Harder still when you are a chip design company. Tesla can throw metal at car windows and Apple puts on slick videos....
...Intel will receive $8.5bn in direct funding and $11bn in loans from the US government to expand its capacity to make high-end chips, as it seeks to reinvent itself as a national champion in the sector and...
...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....
...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...
...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....
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