Economy

WASHINGTON/TOKYO — U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel cast a shadow over Secretary of State Antony Blinken's visit to Japan on Tuesday for farewell meetings with Washington's most…
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Washington — Japan’s Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel. The suit, filed…
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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…
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DETROIT — U.S. new car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday. Sales of new vehicles finished…
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A year after a panel blew out of a Boeing 737 Max during flight, the nation's top aviation regulator says the company needs "a fundamental cultural shift" to put safety and quality above profits. Mike Whitaker, chief of the Federal Aviation…
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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…
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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…
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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 to…
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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…
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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…
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