Business
Trump administration offers some details of how it would control U.S. Steel, but union raises concerns
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker. Administration officials over the past few days provided additional insight into the “golden share” arrangement… Read
Trump throws curveball at Japan tea giant's U.S. expansion swing
Top Japanese tea brand Ito En's latest push to win over health-conscious U.S. customers with its traditional unsweetened brew has hit a new road bump: President Donald Trump's trade tariffs. The company, which splashed out on a tie-up with Major League Baseball star Shohei Ohtani and launched a less bitter tea to capture a bigger… Read
Innovation takes a backseat at small companies as tariffs become a full-time preoccupation
Toy robots that teach children to code. Sneakers made in America. Mold-resistant kitchen gadgets. The three items are among new products that have gotten stuck in the pipeline due to President Donald Trump's unpredictable trade policies, according to the brand founders behind the stalled items. They say that instead of… Read
Renault boss Luca de Meo to step down, company says
The head of French carmarker Renault, Luca de Meo, is to quit "to take on new challenges outside the automobile sector", the company said on Sunday. "After five years leading Renault Group, Luca de Meo has announced his decision to leave his position," said a company statement, adding that his… Read
Japan Post to sell 2,500 delivery vehicles if permit revoked
Japan Post Co will consider selling around 2,500 of its delivery trucks and vans if the government's earlier decision to revoke its operation permit for the vehicles over improper alcohol checks on drivers is finalized, sources close to the matter said. The company hopes to avoid the cost of maintaining… Read
Trump clears path for Nippon Steel investment in U.S. Steel, so long as it fits the government's terms
President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump's order didn’t detail the terms of the national security agreement. But the iconic American… Read
Japan to ban reselling of rice as cheap stockpiles hit shelves
The government decided on Friday to prohibit the reselling of rice purchased at retail shops to ensure that rice reserves recently released at lower prices will stably reach consumers. Under the ban, which will take effect June 23, those who sell rice at a higher price than they paid at… Read
How crucial is immigration for U.S. hotel industry?
A U.S. crackdown on foreign-born workers could spell trouble for the hotel and hospitality industry, which has lobbied for years to expand the pathways for immigration to the United States to help fill over 1 million job vacancies. U.S. President Donald Trump said on Thursday he would issue an immigration… Read
Trump says U.S. Steel controlled by him with 'golden share'
The United States has a "golden share" in United States Steel Corp, President Donald Trump said Thursday, adding it will be controlled by him after Nippon Steel Corp's massive investment in the iconic American producer. "We have a golden share, which I control, or a president controls. Now I'm a… Read
U.S. producer prices rise modest 2.6% in May with inflationary pressures still mild
U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers — rose 2.6% in May 2024. Producer prices rose 0.1% from April to May… Read
