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TJ Perenara’s haka tribute to Treaty protest highlights All Blacks win over ItalyWASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal. The Committee on Foreign Investment in the United States, known as CFIUS, sent its long-awaited report on the merger to Biden, who formally came out against the deal in March. He has 15 days to reach a final decision, the White House said. A U.S. official familiar with the matter, speaking on condition of anonymity to discuss the private report, said some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. Monday was the deadline to approve the deal, recommend that Biden block it or extend the review process. Both Biden and President-elect Donald Trump have courted unionized workers at U.S. Steel and vowed to block the acquisition amid concerns about foreign ownership of a flagship American company. The economic risk, however, is giving up Nippon Steel’s potential investments in the mills and upgrades that might help preserve steel production within the United States. Under the terms of the proposed $14.9 billion all-cash deal, U.S. Steel would keep its name and its headquarters in Pittsburgh, where it was founded in 1901 by J.P. Morgan and Andrew Carnegie. It would become a subsidiary of Nippon Steel, and the combined company would be among the top three steelmakers in the world, according to 2023 figures from the World Steel Association. Biden, backed by the United Steelworkers, said earlier this year that it was “vital for (U.S. Steel) to remain an American steel company that is domestically owned and operated.” Trump has also opposed the acquisition and vowed earlier this month on his Truth Social platform to “block this deal from happening.” He proposed reviving U.S. Steel’s flagging fortunes “through a series of Tax Incentives and Tariffs.” The steelworkers union questions if Nippon Steel would keep jobs at unionized plants, make good on collectively bargained benefits or protect American steel production from cheap foreign imports. “Our union has been calling for strict government scrutiny of the sale since it was announced. Now it’s up to President Biden to determine the best path forward,” David McCall, the steelworkers’ president, said in a statement Monday. “We continue to believe that means keeping U.S. Steel domestically owned and operated.” Nippon Steel and U.S. Steel have waged a public relations campaign to win over skeptics. U.S. Steel said in a statement Monday that the deal “is the best way, by far, to ensure that U.S. Steel, including its employees, communities, and customers, will thrive well into the future.” Nippon Steel said Tuesday that it had been informed by CFIUS that it had referred the case to Biden, and urged him to “reflect on the great lengths that we have gone to to address any national security concerns that have been raised and the significant commitments we have made to grow U. S. Steel, protect American jobs, and strengthen the entire American steel industry, which will enhance American national security.” “We are confident that our transaction should and will be approved if it is fairly evaluated on its merits,” it said in a statement. A growing number of conservatives have publicly backed the deal, as Nippon Steel began to win over some steelworkers union members and officials in areas near its blast furnaces in Pennsylvania and Indiana. Many backers said Nippon Steel has a stronger financial balance sheet than rival Cleveland-Cliffs to invest the necessary cash to upgrade aging U.S. Steel blast furnaces. Nippon Steel pledged to invest $2.7 billion in United Steelworkers-represented facilities, including U.S. Steel’s blast furnaces, and promised not to import steel slabs that would compete with the blast furnaces. It also pledged to protect U.S. Steel in trade matters and to not lay off employees or close plants during the term of the basic labor agreement. Earlier this month, it offered $5,000 in closing bonuses to U.S. Steel employees, a nearly $100 million expense. Nippon Steel also said it was best positioned to help American steel compete in an industry dominated by the Chinese. The proposed sale came during a tide of renewed political support for rebuilding America’s manufacturing sector, a presidential campaign in which Pennsylvania was a prime battleground, and a long stretch of protectionist U.S. tariffs that analysts say has helped reinvigorate domestic steel. Chaired by Treasury Secretary Janet Yellen, CFIUS screens business deals between U.S. firms and foreign investors and can block sales or force parties to change the terms of an agreement to protect national security. Congress significantly expanded the committee’s powers through the 2018 Foreign Investment Risk Review Modernization Act, known as FIRRMA. In September, Biden issued an executive order broadening the factors the committee should consider when reviewing deals — such as how they impact the U.S. supply chain or if they put Americans’ personal data at risk. Nippon Steel has factories in the U.S., Mexico, China and Southeast Asia. It supplies the world’s top automakers, including Toyota Motor Corp., and makes steel for railways, pipes, appliances and skyscrapers.Yoon Seok-yeol, a former prosecutor general who led high-profile investigations into corruption scandals involving high-ranking officials, has now found himself at the center of a criminal probe. The National Assembly's request for his immediate arrest comes amidst allegations of abuse of power and obstruction of justice during his time as a prosecutor. The decision to pursue his arrest has sparked a heated debate within the political sphere, with supporters of Yoon arguing that he is being unfairly targeted for his anti-corruption efforts, while his critics point to a potential abuse of power during his tenure as prosecutor general.
ISTANBUL Syria needs everything to take a new beginning, the Turkish minister of transportation and infrastructure said, adding that Türkiye has prepared an action plan for repairing and rebuilding the war-torn country's airports, bridges, roads, and railways. Syria has five airports, two of which have recently been operational, Damascus and Aleppo, Abdulkadir Uraloglu said at a press conference in the capital, Ankara, on Tuesday, noting that these airports require significant improvements. Damascus Airport handled approximately 100,000 trips last year, while Aleppo managed between 50,000 and 60,000, the minister said, adding that a Turkish team checked airports and discovered that there is no radar system. "There is an air radar application that we use on our mobile phones. imagine, they were trying to manage it from that mobile phone application," he said. Computers from the 1990s are still used at these airports, and there are no proper X-ray devices, detectors, or anything else, he explained. He added that the runways are seriously aging and that the first flight to Damascus and Aleppo was entirely on the pilots' initiative, in other words, without any system and under visual conditions. "So our friends made a determination, and then we have put forward an action plan," he said. The minister said Türkiye will take action to revive Damascus Airport in the first phase. He said, “There are parts of the railways that go from Türkiye to Hijaz; they have not been operated for a long time. we will quickly identify them and take a position to ensure the integrity of the railroad up to Damascus in the first place. “We sent passenger trains there in 2009-2010. There is infrastructure there, but only in certain regions." However, in the past, some railway parts were stolen in certain regions, such as Iraq, and the same situation may be seen in Syria, he said. Reminding the terror operations, he said, “Whether in the internal dynamics in Syria, the M4 and the M5 highways have always been discussed. "In other words, a highway can have such an impact on the politics of a country." Türkiye is dealing with these roads, but Ankara has already done a lot of work, particularly on highways, the minister said. "I can say that we have done a lot of work there and repaired many destroyed bridges," he underlined. The minister said Syria is 20-30 years behind Türkiye in terms of communication, noting that cell phones are not used at many points. Uraloglu pledged that “We will make the necessary determinations about these, and we will try to realize them as the ministry, as I said; everything is needed there." He said even though Syria was not able to print its own money, Russia has been printing for it. "Right now, many countries in Africa are in a similar position; some developed countries are printing their money. at this point, Türkiye will support there.” He acknowledged Syria's strategic location as a gateway to the Mediterranean but noted that its ports are underdeveloped. “We will most likely make determined efforts to make specific investments there. "Of course, a Maritime Jurisdiction Agreement, probably, so that we can protect our interests in the Eastern Mediterranean and the Blue Homeland; our relevant institutions will take a position there when the day comes.” "In terms of trade,” the minister said, Damascus and Syria have a history. “We will do our best to revive it.” Stating that such an agreement will increase the effectiveness and competence of both Syria and Türkiye, he said, “At the point of oil and hydrocarbon exploration there, taking into account international law, we will share or expand all kinds of authority as two countries. "Of course, first of all, an authority needs to be established there. Look, the salaries of the civil servants there need to be paid.” He also said there is a plan for armed groups to lay down their arms. "This will definitely be on the agenda, but it would not be very accurate to say that it is today's agenda."Real Madrid will need to bring their A-game and exhibit their trademark style of play to emerge victorious in this high-stakes encounter. With a lineup of talented players and a history of success in the Champions League, they have the potential to overcome any obstacles that their opponents may present. However, they will have to be at the top of their game and deliver a flawless performance to secure a win and advance to the next round.
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