USA: Trump says Nippon Steel will ‘invest heavily’ in US Steel, drop takeover bid

President Donald Trump has said Japan’s Nippon Steel will drop its $14.9bn (£12bn) bid to acquire US Steel. Speaking alongside Japanese Prime Minister Shigeru Ishiba at the White House, Trump…

USA: Biden blocks Nippon Steel from buying US Steel

US President Joe Biden says he has blocked the proposed $14.9bn (£12bn) purchase of US Steel by Japanese rival Nippon Steel. A White House announcement of his executive order cited…