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US President Joe Biden plans to express concern over Nippon Steel’s proposed US$14.9 billion purchase of US Steel, according to a person familiar with the matter, pushing the US company’s stock 12 per cent lower on bets the deal could face greater political opposition.
Under Armour announced Wednesday CEO Stephanie Linnartz is stepping down from her role just over a year after she started and founder Kevin Plank will return as the brand's chief executive.
China on Wednesday condemned U.S. lawmakers’ push to force the Chinese parent company of TikTok to sell the popular short video platform.
PALO ALTO, U.S. -- The U.S. House of Representatives is set to vote on a bill Wednesday that would ban TikTok in the country unless its ties with Chinese parent company ByteDance are cut within six months. The legislation faces an unlikely but powerful opponent: former President Donald Trump, who once tried to ban the video app himself.
China's unique thinking about comprehensive national security was on full display throughout the recently concluded National People's Congress (NPC). The current government, headed by President Xi Jinping, overemphasizes concepts that are vague in scope, which inhibits normal economic and other interactions with the outside world. Beijing should urgently rethink its excessive emphasis on security, which is hurting its own economy.
JAKARTA (Reuters) -- Indonesian presidential candidate Anies Baswedan plans to file a case at the country's Constitutional Court contesting the results of last month's election, he told reporters on Wednesday.
Former President Donald Trump has secured enough delegates to seal the Republican presidential nomination, NBC News projects, setting up a 2024 rematch with President Joe Biden, who clinched the Democratic nomination earlier Tuesday night.
WASHINGTON (Reuters) -- Five U.S. labor unions on Tuesday filed a petition with the office of U.S. Trade Representative Katherine Tai requesting a probe into China's alleged unfair policies and practices in the maritime logistics and shipbuilding sectors, the USTR office said.