Japan’s Nippon Steel CEO reaffirmed the company’s commitment to acquiring U.S. Steel despite being sued by the Biden administration over the blocked merger. The two companies initiated lawsuits, stating their confidence in the deal’s benefits for U.S. Steel’s future. Nippon Steel’s CEO emphasized the company’s determination to expand operations in the U.S. and rejected any alternative plans aside from pursuing the acquisition of U.S. Steel.
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France, Germany, UK willing to reinstate sanctions on Iran, FT reports
France, Germany, and the UK have warned the UN that they are prepared to reinstate sanctions on Iran if it fails to engage in nuclear negotiations, as stated in a letter from the E3 group. This warning follows recent discussions in Istanbul and sets a deadline of August 2025 for Iran to seek a diplomatic solution or face the "snapback" mechanism for sanctions. Want More Context? 🔎
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