insert_link Business / Economics Nippon Steel and US Steel sue Biden Administration over blocked merger Nippon Steel and US Steel are suing the Biden administration over the president's decision to block the Japanese company's proposed takeover of the American firm. This comes as US secretary of state Antony Blinken is visiting Japan. Rebecca Bundhun is our reporter from Tokyo. today7 January, 2025
insert_link World U.S President Biden blocks major steel takeover Outgoing US President Joseph Biden has officially blocked a Japanese company from buying the United States Steel Corporation, warning that foreign ownership would pose a danger to national security. Nippon Steel, the fourth-largest steelmaker in the world, had bid close to $15 billion to purchase the once-iconic American industrial powerhouse. But that takeover is now on the brink of collapse, as Benji Hyer reports. today6 January, 2025
insert_link World Nippon Steel confident on U.S Steel purchase this year Japanese industrial giant Nippon Steel says it’s confident it will lock-in its purchase of US Steel by year-end. The deal has come under fire from both US President Joe Biden and Republican Donald Trump who both say they would block the deal. Chris Gilbert reports from Tokyo. today10 May, 2024
insert_link World Nippon Steel says U.S Steel will remain ‘iconic’ after purchase Nippon Steel says its purchase of U.S steel would ensure the company remains an American icon. U.S president Joe Biden and Republican candidate Donald Trump have made campaign promises to block the deal. Chris Gilbert reports from Tokyo. today19 April, 2024
