Steelmakers sue Biden administration over decision to block merger
Khaleej Times|January 07, 2025
US President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday.
Steelmakers sue Biden administration over decision to block merger

The companies want the federal court to scrap Biden's decision to scuttle the deal so they can secure another shot at approval through a fresh national security review unfettered by political influence.

The lawsuit alleges Biden prejudiced the decision of the Committee on Foreign Investment in the US which scrutinises foreign investments for national security risks, and violated the companies' right to a fair review.

The merger had become highly politicised ahead of the November US presidential election, with both Democrat Biden and Republican President-elect Donald Trump pledging to kill it as they wooed voters in the swing state of Pennsylvania where US Steel is headquartered. United Steelworkers union President David McCall opposed the tie-up.

Trump and Biden both asserted the company should remain American-owned even after the Japanese firm offered to move its US headquarters to Pittsburgh, where the US steelmaker is based, and promised to honor all agreements in place between US Steel and the USW.

Diese Geschichte stammt aus der January 07, 2025-Ausgabe von Khaleej Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 07, 2025-Ausgabe von Khaleej Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS KHALEEJ TIMESAlle anzeigen
The ultimate guide to Coldplay's Abu Dhabi concerts
Khaleej Times

The ultimate guide to Coldplay's Abu Dhabi concerts

Here's everything you need to know before the British band's epic performance kicks off a Zayed Sports City tonigh

time-read
4 Minuten  |
January 09, 2025
Khaleej Times

Ukraine claims attack on oil depot serving air base for Russian nuclear bombers

Ukraine launched an overnight strike deep inside Russia that set fire to an oil depot in the city of Engels that serves an air base for Russian nuclear bomber planes, the Ukrainian military said on Wednesday.

time-read
1 min  |
January 09, 2025
Khaleej Times

Germany says borders must not be moved by force after Trump statement

Trump has refused to rule out using military or economic action to pursue an acquisition of the Panama Canal and Greenland

time-read
1 min  |
January 09, 2025
Khaleej Times

France warns Trump against threatening 'sovereign borders' on Greenland

France on Wednesday warned Donald Trump against threatening \"sovereign borders\" after the US president-elect refused to rule out military action to take Greenland, an autonomous territory of European Union member Denmark.

time-read
1 min  |
January 09, 2025
Tens of thousands flee as wildfires tear through LA
Khaleej Times

Tens of thousands flee as wildfires tear through LA

More than 30,000 people evacuated their homes as a wildfire tore through a coastal area of Los Angeles in just a few hours, and a second blaze some 50km inland was rapidly spreading on Wednesday.

time-read
3 Minuten  |
January 09, 2025
Vietnam to reward traffic offender snitches
Khaleej Times

Vietnam to reward traffic offender snitches

Vietnam is to pay residents who snitch on traffic offenders up to five million dong ($200) as the Southeast Asian country strives to bring rule-breaking drivers into line on its notoriously chaotic roads.

time-read
1 min  |
January 09, 2025
Deschamps confirms he will leave France job in 2026, successor not yet named
Khaleej Times

Deschamps confirms he will leave France job in 2026, successor not yet named

France coach Didier Deschamps confirmed on Wednesday he will leave the national team after the 2026 World Cup, saying it was time to stop as Zinedine Zidane appears as the heavy favourite to take over.

time-read
1 min  |
January 09, 2025
RAK grooming one of oldest villages into a tourist spot
Khaleej Times

RAK grooming one of oldest villages into a tourist spot

Among the oldest villages in the UAE, Al Jazeera Al Hamra serves as living proof of centuries of traditional Emirati architecture.

time-read
2 Minuten  |
January 09, 2025
Khaleej Times

Once dark spaces, gaming cafés are now hubs that offer big prizes

Gaming cafés, once dark, techdated spaces, have undergone a dramatic transformation into RGB-lit bustling hubs of social interaction, national tournaments, and training grounds for international champions.

time-read
3 Minuten  |
January 09, 2025
Khaleej Times

Tie still alive, says Howe, despite Newcastle United's win at Arsenal

Newcastle United manager Eddie Howe urged caution despite a 2-0 victory at Arsenal on Tuesday, putting his in-form side within touching distance of a place in the League Cup final.

time-read
1 min  |
January 09, 2025