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...Rickhuss added: “It would have returned the company to profits, and the additional capital expenditure needed to make it a reality could have been funded by an additional £450mn from the government — a drop...
...US President Joe Biden has come out against Nippon Steel’s proposed purchase of US Steel, saying it is “vital” for the “iconic American steel company” to remain “domestically owned and operated”....
...US President Joe Biden plans to express serious concern over Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal’s progress and anger Japan, one of Washington’s closest allies...
...The steel sector is responsible for about 7 per cent of global emissions. Analysts at Citigroup said the move was “likely positive for the green steel transition”....
...Joe Biden has declared his opposition to Nippon Steel’s proposed $14.9bn purchase of US Steel, saying it was “vital” for the American steel company to remain “domestically owned and operated”....
...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...
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
...Yet its capital was vanquished and abandoned in 1565....
...Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies....
...A growing majority of EU capitals support the new sanctions, according to people briefed on the matter. We have the latest updates here....
...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....
...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....
...“Other EU countries are transitioning their steel industries while retaining and growing their capacity because they know steel has a bright future — a tenfold increase in demand is predicted in the coming...
...The lack of “liquid capital” had led to a “historically severe crisis”, they added....
...At the behest of the industry, we took the steel sector as a starting point in tackling the trade conundrum of counting carbon....
...Joe Biden has thrown his support behind investigating Nippon Steel’s purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies....
...Nippon Steel is not a member....
...Read more on Nippon Steel’s deal here...
...Nippon Steel has agreed to buy US Steel in a deal that values its American rival at $14.9bn, in the Japanese group’s biggest ever acquisition....
...Since Nippon Steel agreed to buy US Steel for $14.9bn in mid-December, the deal has faced a bipartisan backlash in Washington against the sale of a US manufacturing icon to a foreign entity....
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...Nippon’s acquisition of US Steel would benefit the economy broadly and the working class specifically. The company intends to inject much-needed technology and capital into US Steel....
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