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
Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russ
so let s now get down to business and, as you ve been hearing, a stark warning has come from the head of the united nations that the world is sending out a distress signal and our planet is changing at a catastrophic rate. antonio guterres was speaking at the cop27 summit in egypt, where over 100 world leaders are gathering. last year, many economies pledged to reach net zero by 2050. but then things changed, europe s energy market was hit by russia s invasion of ukraine, and now countries face the prospect of blackouts and rationing of energy supplies. in response, germany, italy, the netherlands, greece and hungary have all extended production of coal and have re opened previously closed facilities. so can european countries still meet their net zero pledges? tim mcphie is spokesperson for climate and energy at the european commission. we have very dramatic challenges before us but we have written into law legislation that all member states have to follow. 0ur net zero ta
Sad news for those in bushnell illinois today.One of the main manufacturing plants in the city announced it will be closing.The vaughan and bushnell company, wh
This significant decision, announced on Wednesday, is a direct response to the stark decline in China's birth rate, a trend that has begun to have ripple effects across international markets and industries.