WASHINGTON:
The move came after a government panel failed to reach consensus last month on whether the acquisition threatened US national security, shifting the decision to the Democrat in the waning days of his presidency. "This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement.
"That is why I am taking action to block this deal."
The United Steelworkers union quickly welcomed the announcement.
"We're grateful for President Biden's willingness to take bold action to maintain a strong domestic steel industry and for his lifelong commitment to American workers," USW International president David McCall said.
Bu hikaye Hindustan Times Navi Mumbai dergisinin January 04, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hindustan Times Navi Mumbai dergisinin January 04, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Cummins, the pace spearhead driving Australia's serial success
Knack for wickets, unparalleled control and a never-say-die attitude for which Glenn McGrath will be revered as possibly the greatest Australian fast bowler in the last four decades.
Agarkar to Brief Selectors Ahead of BCCI Meet on Sunday
The selection committee will be in full attendance for the knockout rounds of the Vijay Hazare Trophy one-dayers in Vadodara, which start with the pre-quarter finals on Thursday.
Djokovic: At his happy hunting ground, with an old foe in tow
The Serbian has worked with Becker, Agassi and Ivanisevic. In Murray he has access to the mind of a master tactician
Indian hockey players bonding with the best in relaunched HIL
Skipper Sumit Walmiki and Australian Tim Brand walked to the dugout, shared a laugh and high-fived after Hyderabad Toofans' practice.
Shooter Tomar Finds Fresh High After Domestic Double
Varun Tomar's dream of representing India at the Paris Olympics was crushed when he lost in the domestic selection trials to pick the final squad.
Neeraj to star in a world javelin event in India
India's two-time Olympic medallist and reigning world champion Neeraj Chopra will be the star attraction in a marquee international javelin tournament at home later this year, the Athletics Federation of India (AFI) said on Tuesday.
Cloud over review of 14-yr-old trade pact with Asean
THE REVIEW HAS STALLED SINCE INDIA'S OFFER OF A UNIFIED DUTY STRUCTURE HAS NOT FOUND FAVOUR AMONG ASEAN MEMBERS
Meta Goes For Community Notes, Ends Fact-Checking
Meta Platforms chief executive officer (CEO) Mark Zuckerberg on Tuesday announced a decision to do away with the company's long-standing fact-checking teams—choosing instead to establish a 'community notes' mechanism akin to Elon Musk's X, formerly Twitter.
Capex allocation likely to rise 10% for roads, rlys
The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by up to 10%, two persons aware of the development said.
Microsoft to Invest $3 Billion in AI, Cloud Expansion in India
The tech giant also plans to train 10 million people in AI skills in India by 2030
