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...All three senators are from states where the United Steelworkers union has a large presence....
...Speaking before the unions filed the petition, USW president David McCall told the FT: “The United States was once a leader in the commercial shipbuilding industry, but over the past two decades, the Chinese...
...Trevor Taylor, director of the defence, industries & society programme at the Royal United Services Institute, said the research identified by the FT was not on topics “publicly noted by western states as...
...“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,”...
...Of the USW’s 1.2mn members, only about 11,000 work for US Steel. Their fear is that Nippon will close the ageing blast furnaces where most of them work....
...Investors cheered, with shares in US Steel rising 26.1 per cent the day it was announced. But the merger is opposed by the United Steelworkers labour union....
...Yellen chairs the Committee on Foreign Investment in the United States (Cfius), an inter-governmental agency that vets deals for whether they may harm national security....
...The White House said Biden told his team to work with Mexico to ensure China could not evade US tariffs by exporting steel to the US via Mexico....
...The deal drew a furious response from the United Steelworkers union, which said that neither US Steel nor Nippon Steel had consulted it....
...On Wednesday he vowed to keep US Steel in American ownership, and called for higher tariffs on Chinese steel and aluminium imports in a bid to shore up support with unions....
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” wrote JD Vance of Ohio...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...That’s not the way the system ought to work. Congress has considered many fixes over the years....
...Brian Reissaus, former head of the Committee on Foreign Investment in the United States, has joined Freshfields as a senior adviser on national security. Smart reads Crime . . ....
...In maintaining the “plumbing” of the internet and resisting the intrusions of nation states and powerful private companies, Icann has preserved the World Wide Web as an open and dynamic space....
...Indeed, if they appear to dither, it will hurt Biden in Pennsylvania, home of the United Steelworkers and a key swing state....
...“No corporation should be its own government,” the statement said, adding the administration was “ready to work with Disney . . . to help promote economic growth, family-friendly tourism, and accountable...
...In 2020 he told the Financial Times that litigation was inevitable in the real estate business, saying: “If you’re not being sued by people, you’re not doing enough work.”...
...Biden, is not keen on the takeover of US steel by Nippon Steel, Japanese company....
...In an unusual twist, Dave McCall, president of the United Steelworkers union, which opposes the deal, will attend the state dinner....
...Then came the tycoons — Rockefeller, Carnegie and the rest — who built huge empires in industries such as steel and oil with the help of well-trained engineers and managers....
...Semerad wore a shirt and tie and carried a backpack full of work. “As a Wyoming attorney, you get used to driving,” he told me....
...There was a big victory for the United Auto Workers union recently in getting recognition at a Volkswagen plant in Tennessee....
...The company’s largest investor is state entity Public Investment Corporation....
...Also, Rics Residential Market Survey and REC-KPMG Jobs Report Results: 3i FY, Asahi Kasei FY, Balfour Beatty AGM trading update, Enel Q1, Ferrovial Q1, ITV Q1 trading update, Nikon FY, Nippon Steel FY,...
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