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...All three senators are from states where the United Steelworkers union has a large presence....
...In the domestic debate, both the government and big corporations seem determined that any “de-risking” must go hand in hand with more trade and staying invested for the long haul....
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...His comments follow a report from the German Economic Institute that found that the country’s corporations had made little progress in “de-risking” their China exposure and reducing their critical import...
...“Allowing one of our nation’s largest steel manufacturers to be purchased by a foreign-owned corporation leaves us vulnerable when it comes to meeting both our defence and critical infrastructure needs,”...
...In a globalised market, the workers have more incentive to seek investment in their industries than large public corporations that can place jobs or investments anywhere, according to McCall....
...Since then, it has raised capital from investors including India’s Tata Electronics, Taiwan’s United Microelectronics Corporation, and US-based contract chip equipment manufacturer Lam Research....
...The deal, which needs to be approved by US regulators, is facing opposition from senators and the United Steelworkers, a 1mn-strong union....
...“China has been a place where you could deploy capital, but getting it out is harder,” said Allen Waldrop, director of private equity investments at the $81bn Alaska Permanent Fund Corporation, which has...
...The Pacific Railway Act gave “every alternate section of public land” to the railroad companies, within wide swaths on either side of the tracks....
...After the last Dilli Chalo, or “Let’s Go to Delhi”, protest, Modi in November 2021 scrapped three laws that would have transformed farming, including by allowing private corporations to enter the market....
...The deal has also been greeted with hostility by the United Steelworkers union, which said neither Nippon Steel nor US Steel had consulted it in advance....
...But the merger is opposed by the United Steelworkers labour union....
...The deal drew a furious response from the United Steelworkers union, which said that neither US Steel nor Nippon Steel had consulted it....
...Or, on the financial side, the fact that labour unions are having to take charge of safety and capital investment at many companies (think Boeing, or big US steelworks, but there are dozens of others I could...
...Schiff rivalled John Pierpont Morgan’s standing on Wall Street — his reputation only enhanced when he orchestrated a rescue of Union Pacific Railroad in the late 1890s after Morgan had abandoned the assignment...
...The US International Development Finance Corporation (DFC) held a ceremony on Wednesday in Colombo to publicise the commitment....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...The White House, US armed forces and the European Union’s executive branch have banned the Chinese-owned social media app TikTok from government devices....
...Related stories Japan retail, restaurant labour union to seek 6% wage hike in 2024 Tokyo-Osaka bullet train to end food cart sales in October Japan minimum wage target exceeds 1,000 yen for first time...
...Last December, Envision AESC, a Japanese manufacturer, announced it would invest $810mn to assemble lithium-ion battery cells in Florence, a railroad hub that was once dominated by the state’s agriculture...
...supersede “developing countries”, an expression traditionally used by development economists, or “emerging markets”, originally a marketing term for financial assets invented at the International Finance Corporation...
...This applies mainly to Chinese acquisitions of UK companies and Chinese corporations investing in areas of UK critical infrastructure....
...Washington merged federal agencies to create the International Development Finance Corporation (DFC) in 2018, and at the G7 rich nations meeting in 2021 President Joe Biden launched a Build Back Better World...
...The US allows corporations a freer rein to use and transfer information, while the EU regulates to protect individuals’ privacy....
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