Beijing issues landslide warning as record rainfall batters northern China
Beijing has issued a geological disaster alert for most of the city after intense rainfall triggered fears of landslides and flash floods. Nearby Baod...
After months of scrutiny, President Trump approved Nippon Steel’s acquisition of U.S. Steel, including a $11 billion investment pledge and U.S. government veto rights to address national security concerns.
U.S. President Donald Trump has approved the $14.1 billion acquisition of U.S. Steel Corp. by Japanese company Nippon Steel Corp., according to a joint statement released Saturday by the companies.
This approval comes despite Trump’s earlier opposition to the sale of U.S. Steel to a foreign firm. The companies praised Trump’s “bold leadership and strong support” and said they had reached a national security agreement with the U.S. government.
In an executive order signed Friday, Trump stated that national security concerns tied to the deal could be mitigated if specific conditions are met.
As part of the agreement, Nippon Steel committed to investing $11 billion in the U.S. steel industry by 2028, including an initial greenfield project post-2028. Furthermore, the U.S. government will receive a “golden share” granting veto authority over critical decisions, such as board appointments and major production changes.
The approval concludes months of negotiations and scrutiny since the deal was first announced in December 2023. Notably, former President Joe Biden blocked the acquisition in January on national security grounds, prompting Nippon Steel and U.S. Steel to file a lawsuit challenging that decision.
Trump’s green light marks a significant shift, aiming to boost U.S. steel investments and safeguard over 100,000 jobs.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Hawaii turns to lab-grown mosquitoes and drones in a race to stop the extinction of its iconic honeycreeper birds.
Foreign ministers of Azerbaijan and Türkiye held a phone conversation on 25 July to discuss their strategic alliance, regional security, and the Azerbaijan-Armenia peace process.
On July 25, Azerbaijan’s Foreign Minister Jeyhun Bayramov met with outgoing Slovak Ambassador Milan Lajcak to review bilateral cooperation and regional developments as the envoy concludes his mission in Baku.
The Embassy of the Republic of Sudan in Baku has issued a statement to commemorate the 33rd anniversary of the establishment of diplomatic relations between Sudan and Azerbaijan, celebrated on 25 July 2025.
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