On wednesday following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year, and in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees Kamala Harris and Donald Trump have also both Committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of Nippon Steels bid say the us shouldnt reject a bid from a
For most companies, making a product for which theres guaranteed demand Around The World sounds too good to be true, but a successful covid 19 vaccine promises to be just that. One vaccine shot, or a couple as your first booster, is not going to provide lifetime immunity to the virus, so the manufacturers are set to reap the profits for years to come. Drug maker pfizer reports its earnings later today, the question is which of the drugs firms are going to come out on top, and how lucrative Will Making Vaccines actually turn out to be . Joining me now is Sunaina Sinha haldea, managing partner, cebile capital. Thank you for being on the program. First of all, pfizer, when it comes to its news today. This will obviously not have in todays earnings, profits it is going to make with this vaccine it has come up with this vaccine it has come up with biontech . M0 with this vaccine it has come up with biontech . With this vaccine it has come up with biontech . No it wont. There will up with bi
Secured their biggest pay rise since 1991, giving the central bank the confidence to make its move. One that puts decades of deflation in the rear view mirror. Lets go live to shizuoka in japan and Seijiro Takeshita professor at the univesity of shizuoka. Good to have you on the programme. We knew this was coming, it has happened, give us your reaction. Us your reaction. Well, as you said, it us your reaction. Well, as you said. It was us your reaction. Well, as you said, it was expected us your reaction. Well, as you said, it was expected because of the Pre Requisites were set, basically, 5. 2 increase by Larger Companies, pay rise. We expected only form per sense of that history very well. We have the Inflation Target which is to present a morejust been fulfilled so basically, prerequisites for lifting off from this secure operation of negative Interest Rate is finally here. It negative Interest Rate is finally here. Finally here. It is finally here, finally here. It is finally here.
the defence secretary grant shapps said the royal navy is working on a new dragonfire laser weapon to complement its existing weaponry, the sea viper air defence system. that s to be upgraded with a new warhead and software to counter ballistic missile threats. here s grant shapps. we have, for example, the largest ships that we have ever put to sea in the aircraft carriers. i toss it off, i think, 13 frigates and destroyers which are under commission at the moment. we are modernising the navy, going throughjust massive through just massive capitalisation programme and just this morning, for example, i have been on x, twitter, yesterday, the results of a new weapon which is a laser weapon called dragonfire, capable of doing what those men and women on hms diamond have been doing, with the sea viper missile system, and doing it with a labour laser instead to bring down incoming so the technology is also moving on very fast, as well as the investment. economists have warned