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...The American steel industry has become a political issue in the 2024 presidential election after Nippon Steel last year launched a $14.9bn takeover of US Steel, headquartered in Pittsburgh, a city in the...
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...“The long-term projections for tourism numbers in Europe suggest that projected supply levels [in the region] will be inadequate to satisfy this demand,” he added....
...“That is a sad prospect for further rupture of the economic relationship and more destabilisation of global supply chains.”...
...The Biden administration, moreover, has touted “friendshoring”, or focusing supply chains on allies. Friendshoring ought to go both ways....
...The remaining third passed down the family, which — no longer attached to Kansas City — is selling its portion....
...Last Sunday, the city’s National Football League franchise, the Ravens, narrowly lost their bid for a berth in the Super Bowl, following defeat at the hands of defending champions, the Kansas City Chiefs...
...The stainless steel caps had never required cleaning, he added....
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic, Federal Reserve Bank of Kansas City president Jeffrey Schmid and Federal Reserve Bank of San Francisco president Mary Daly speak...
...Spirit supplies Boeing with the fuselage to the 737 Max, and Boeing comprises nearly two-thirds of its business....
...However, their plans to rent their homes to tourists at high prices during the sacrosanct French August holiday period are being dashed as supply outstrips demand....
...“But it would be a disaster for Italy’s manufacturing industry to have to rely on foreign steel supplies.”...
...Potential customers including Nippon Steel and Mitsubishi UBE Cement, were in the crowd....
...But that requires clear rules of the road for “friendshoring”, which have yet to be worked out, as evidenced by the Biden administration’s recent pushback against Nippon Steel’s attempt to acquire US Steel...
...The closures at Eagle Pass and El Paso could also cause stress on the Canadian Pacific Kansas City railroad, whose line through Laredo, Texas is the busiest rail border crossing....
...“I’m always so happy to be back in this remarkable city,” he wrote in a post on Chinese social network Weibo....
...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....
...“Rather than protecting jobs, we should ask what type of steel industry we need for the energy transition, to build infrastructure and for national security and supply chain resilience,” said Jeegar Kakkad...
...They also argue antitrust policy must adapt to the modern day economy in a way that captures market dynamics such as supply chain resiliency and labour — two topics that are central to the Nippon Steel debate...
...The surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined...
...The game between the San Francisco 49ers and defending champions Kansas City Chiefs is also expected to draw an audience boost from Taylor Swift....
...Groebler is overseeing one of the industry’s most ambitious plans and Salzgitter — which carries the name of the Lower Saxony city on whose outskirts its integrated steelworks is based — will by the end...
...Like Ford — who amassed an empire of iron and coal mines and steel foundries to control his supply chain — Wang is “democratising” electric vehicles and the batteries they rely on via a vertically integrated...
...Also, you have to love any feature Josh Chaffin writes, especially when it’s on New York City real estate....
...The presidents of the Federal Reserve banks of Dallas, Atlanta, San Francisco and Kansas City are also speaking in public later....
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