Biden blocks Japan’s Nippon Steel from buying US Steel

US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival. ( read original story ...

US approves $4.9b missile sale to Japan

WASHINGTON - The United States on Jan 3 announced the approval of a US$3.6 billion (S$4.9 billion) sale of up to 1,200 advanced air-to-air missiles and related equipment to Japan, one of Washington’s closest allies in Asia. ( read original story ...)