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...Chris Deluzio, a Democratic congressman from western Pennsylvania, also said the report added to the national security risks in the proposed sale of US Steel to a foreign buyer....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...in domestic consumption following the pandemic....
...Roy Rickhuss, Community general secretary, said Tata’s decision was a “destructive bad deal for steel” and warned that “this isn’t over — not by a long shot”....
...Cleveland-Cliffs, a domestic rival whose $7.3bn bid US Steel rejected last August, signalled on Thursday that it could bid again should Nippon Steel drop out....
...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....
...In any case, the general tone of international collaboration sounds good, especially compared with the US’s clumsy failed attempts so far to bully and bounce the EU into backing its green steel and aluminium...
...Jon Fetterman, a Democratic senator from Pennsylvania, has also vowed to stop a sale. The Japanese company has agreed to pay $55 a share for US Steel....
...Confidence building Apart from Wuhan, Baidu and a clutch of domestic rivals, including Pony.ai and AutoX, have established a series of testing zones in cities across China....
...The efforts EU companies are making in green steel, for example, could become competitive with domestic “dirty” steel given the EU’s high domestic carbon tax, but would be undercut by carbon-intensive imports...
...Shareholders are pushing for Japanese companies to consider the sale of non-core businesses and domestic consolidation in order to unlock value and become more competitive....
...The ship, which was carrying a cargo of steel products and trucks from the Chinese port of Lianyungang to Jeddah in Saudi Arabia and Aqaba in Jordan, was flying the flag of Barbados....
...But China’s trading partners worry that the emphasis on manufacturing output over domestic demand might produce another “supply shock” for world markets similar to the one in 2015-16, when excess steel capacity...
...Last month, General Atlantic agreed to roll most of its 52 per cent stake in software group EngageSmart into a $4bn buyout led by Vista Equity Partners, two years after General Atlantic listed it on the...
...The steel figures, announced alongside a 5.2 per cent gross domestic product growth reading for 2023 that narrowly beat Beijing’s official target, are just one example of the intense global scrutiny that...
...Joe & the Juice has also built out its digital business, which now accounts for 30 per cent of its sales....
...Turkey’s trade ministry said on Tuesday that it would restrict the sale of goods including certain iron, steel, and aluminium products, as well as construction materials such as cement, rebar, excavators...
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...“It’s all about discretion,” the hotel’s general manager, Knut Wylde, tells me over an espresso in The Berkeley (which he also oversees)....
...If Trump follows through with new restrictions on America’s trading partners in general and China in particular, the pressure on European producers would grow....
...Gotham City’s allegations centre on the sale of two businesses to Scranton Enterprises, a family vehicle....
...Private schools in England are seeking to attract more overseas students as they prepare for the prospect of Labour imposing a sales tax on their fees if it wins the next general election....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...Joe Biden has called for an investigation into Nippon Steel’s $14.9bn purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies....
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