Biden blocks Japan’s Nippon Steel from buying US Steel
President Joe Biden said Friday that he was blocking the proposed $14.9 billion acquisition of American company U.S. Steel by Japan’s Nippon Steel. Analysts said rejection of the deal could hurt relations with Japan, a key ally and trade partner….
Biden blocks Japan’s Nippon Steel from buying US Steel
Washington — President Joe Biden has made good on his months of public opposition to the proposed purchase of American company U.S. Steel by Japan’s Nippon Steel, announcing Friday he is blocking the $14.9 billion takeover. The acquisition would “place…
Tesla annual deliveries fall for first time as incentives fail to drum up demand
Tesla reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led EV maker’s aging line up and the new Cybertruck pickup failed to lure customers wary of high borrowing costs. Shares of the…
US oil production rose to record high in October, data show
NEW YORK — U.S. oil production rose 260,000 barrels per day month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday….
No ‘Santa Claus rally’ for global stocks as equities slide
new york — Global stock markets mostly fell Monday in jittery holiday trading ahead of a potentially tumultuous 2025 that will see Donald Trump return to the White House. Wall Street’s three main indices slumped to end the day, adding…
Trump energy plans complicated by tariffs, global competition
A different approach to energy is at the center of President-elect Donald Trump’s promise to bring down the cost of living for Americans. But as VOA’s Congressional Correspondent Katherine Gypson reports, Trump’s plans could be complicated by a complex global…
Internet is rife with fake reviews; will AI make it worse?
The emergence of generative artificial intelligence tools that allow people to efficiently produce novel and detailed online reviews with almost no work has put merchants, service providers and consumers in uncharted territory, watchdog groups and researchers say. Phony reviews have…
Treasury secretary to Congress: US could hit debt limit in mid-January
WASHINGTON — Treasury Secretary Janet Yellen said her agency would need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to…
Brazil views labor violations at BYD site as human ‘trafficking’
Rio de Janeiro, Brazil — Authorities in Brazil said Friday they are probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers building a factory in the South American country. Federal prosecutors in Brazil…
World Bank raises China’s GDP forecast for 2024, 2025
The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s…