Sunday, 19 January 2025
Home Topics Business Biden preparing to block Nippon’s US Steel takeover: report
BusinessEconomyIndustryInfrastructureNewsPolitics

Biden preparing to block Nippon’s US Steel takeover: report

59
FILE PHOTO: An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023.  Mandatory credit Kyodo/via REUTERS/File Photo
An aerial view shows Nippon Steel East Nippon Works Kimitsu Area in Kimitsu, east of Tokyo, Japan in this photo taken by Kyodo November 7, 2023. — Kyodo/via REUTERS/File Photo

WASHINGTON — U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed sources.

The newspaper did not say when Biden was expected to take action.

(Reporting by Jasper Ward; editing by Rami Ayyub)

Related Articles

The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011.  REUTERS/Lucas Jackson/File Photo
CourtsEnvironmentMiningNatural GasOilPolitics

Republican-led states sue Biden administration over offshore drilling ban

Republican-led states sue over Biden's ban on new offshore oil and gas...

A Canadian flag gracefully blowing in the wind against a clear blue sky, showcasing its red maple leaf and white background.
BusinessClimate FinanceElectionsEmissionsEnvironmentUnited Nations

Four of Canada’s biggest banks leave climate alliance

The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.

A view shows the Canoo logo on a Canoo LV (Lifestyle Vehicle) electric vehicle outside a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessElectric Vehicles (EVs)Manufacturing

EV startup Canoo files for bankruptcy, to cease operations

The EV startup has been facing rapid cash burn and a struggle...

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FuelLegislationNatural GasOilTrade

US FTC finalizes consent order for $53 billion Chevron-Hess merger

The U.S. Federal Trade Commission approves a consent order to resolve antitrust...

Login into your Account

Please login to like, dislike or bookmark this article.