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BBCNEWS Business Today September 5, 2024

To acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. Us presidentjoe 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 steel s bid say the us shouldn t reject ....

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BBCNEWS Business Today September 5, 2024

Nippon steel s $14 billion bid to acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. Us presidentjoe 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 steel s ....

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BBCNEWS Business Today September 5, 2024

Nippon steels 14 Billion bid to acquire united States Steel has been caught in the cross hairs 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 company based in an allied country such as japan, especially one that could create an entity with the scale to compete with china. If the deal is successfully blocked, the fate of Us Steel is unclear. 1 Million or more to 28 instead of president biden s 39. 6 proposal. The Vice President told su ....

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BBCNEWS BBC News February 6, 2022 22:11:00

Our business correspondent katie prescott is here. katie, the pressure on business really is stark isn t it. it katie, the pressure on business really is stark isn t it. really is stark isn t it. it is, 596 sounds like really is stark isn t it. it is, 596 sounds like a really is stark isn t it. it is, 596 sounds like a lot, really is stark isn t it. it is, 596 sounds like a lot, but - really is stark isn t it. it is, 596 sounds like a lot, but when i really is stark isn t it. it is, 596. sounds like a lot, but when you really is stark isn t it. it is, 596 - sounds like a lot, but when you look at the cost pressures that businesses are facing, they are quite extraordinary rises, going on in energy, transport and the cost of products, if you look at some the numbers gas prices have gone up 250% in a year, if you were going to send a shipping container before the pandemic it would have cost $2,000, now it is more like 10,000. it is inevitable the price pressure also feed through to ....

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