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Sociologists say the government has launched a ground-up approach by asking religious and community leaders to educate the community, but lingering tensions among residents over public cleanliness speak to the challenges facing multi-ethnic and religious societies like Singapore.
The prospect that President Biden is ready to block a merger between Nippon Steel and U.S. Steel on national security grounds is stirring discontent in Tokyo, where some officials view the action as casting Japan, a key U.S. ally, as a threat.
Japanese semiconductor equipment providers have been counting on China as their largest source of revenue, even as they have got caught in the U.S.-China crossfire.
Nippon Steel's proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and agriculture projects, the U.S. said in a letter sent to the companies and seen by Reuters.
The Biden administration has spent the past three years promoting a policy of “friend-shoring,” which aims to contain China and Russia by forging closer ties with U.S. allies like Europe and Japan.
The Biden administration is close to announcing it will block Nippon Steel’s acquisition of US Steel, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the US$14.9 billion deal.
U.S. Steel shares tumbled more than 20% on Wednesday as the White House is reportedly preparing to block the company's planned sale to Japan's Nippon Steel.