U.S. Steel and Nippon Steel have filed a lawsuit against U.S. President Joe Biden's order that blocked the $14.9 billion buyout of the American steelmaker by the Japanese company, they said on Monday.
The lawsuit asked the court to set aside the review process of the Committee on Foreign Investment in the U.S. and Biden's order, citing "violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence".
The case was filed in U.S. Court of Appeals for the District of Columbia Circuit.
Esta historia es de la edición January 07, 2025 de Mint Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 07, 2025 de Mint Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Timely succession plans are the need of the hour
Succession planning is no less important for key government positions than for corporate leadership. However, as RBI's case shows, its value is yet to be adequately acknowledged
NSE's investor registrations breach 110 mn mark
In the last five months, daily new registrations have ranged 47,000 to 73,000, adding a massive 10 million investors
WEF 2025: Leaders call for renewed global cooperation
In these turbulent times, democratic and liberal values serve as a critical signpost for stability, says Swiss president
Davos Reaction to Trump 2.0: Buckled Up for His New Term
The global elite know Donald Trump better than almost anyone after his first presidency shocked boardrooms
UPI Circle: Blending control and ease in digital payments
How this new feature is making digital payments simple, secure and stress-free for families
Minimalist Hotels looks to add six hotels in the next 2 years
Minimalist Hotels, a hotel and dorm management company run by Swashbuckler Hospitality Pvt. Ltd, is looking to expand its footprint by adding new properties across Rajasthan, Uttar Pradesh, Goa, and the National Capital Region (NCR) by 2026, said its founder Gautam Munjal.
The Rise of Magnesium Power
The mineral vital for making products like phones and fireworks is also a key dietary requirement for humans
Address India's worsening urban groundwater crisis
We require innovative solutions that use technology to prevent its depletion and contamination
RIL arm acquires sauces brand SIL
Reliance Consumer Products Ltd (RCPL), the consumer goods arm of Reliance Industries Ltd (RIL), announced on Wednesday its acquisition of SIL, a food brand known for sauces and condiments.
Basic technology R&D: Let's wake up before it's too late
India's future in AI and in other fast-emerging technologies depends on our will to invest in the unknown
