Tag - nippon

 
 

NIPPON

Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024
Nippon Steel may bid for Italy’s ex-Ilva plant, report says
Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024
Biden administration is likely to delay decision over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
Nippon Steel headquarters in Tokyo
BUSINESS / Companies
Sep 13, 2024
Nippon Steel and U.S. Steel send letter to Biden on merger plans
A spokesperson did not provide details about the letter's content, but said it was signed by the chief executives of both steelmakers.
Nippon Steel argues that its acquisition of U.S. Steel would be a win-win.
BUSINESS / Companies
Sep 12, 2024
Quiet assurances mooted as U.S. Steel deal shakes global order
Analysts and informed observers have been gaming out the possible outcomes and adding up the potential damage.
Tamotsu Shiiki, 58, is accused of sexually assaulting a first-year junior high school girl at a karaoke parlor in Tokyo's Kabukicho entertainment district on Aug. 20. He has denied the charge.
JAPAN / Crime & Legal
Sep 11, 2024
Ex-lawmaker held over alleged sexual assault in Tokyo karaoke parlor
Tamotsu Shiiki, a former Lower House lawmaker of Nippon Ishin no Kai, denies sexually assaulting the first-year junior high school girl.
Hyogo Gov. Motohiko Saito, accused of workplace bullying, testifies to an investigative panel in Kobe on Friday.
JAPAN / Politics
Sep 9, 2024
Nippon Ishin calls on Hyogo governor to resign over bullying claims
Nippon Ishin’s move is expected to be a politically fatal blow for Motohiko Saito, as he had the party’s support when he was elected as an independent.
A steel plant in Shanghai operated by Baoshan Iron & Steel. Nippon Steel said in July it will dissolve its joint venture with the Chinese firm.
BUSINESS / Companies
Sep 9, 2024
Japanese firms sour on China after long years of brushing off risks
Almost half of Japanese firms in China polled in a recent survey said they won’t spend more or will cut investment this year.
Former Defense Minister Shigeru Ishiba attends a news conference in Tokyo on Friday, ahead of the Liberal Democratic Party leadership election.
BUSINESS / Companies
Sep 7, 2024
U.S. opposition to Nippon Steel deal 'very unsettling,' PM hopeful Ishiba says
Some experts say blocking the deal could undermine U.S.-Japan cooperation on national security, and put the lie to the notion of "ally shoring."
A water tower at a U.S. Steel mill in Braddock, Pennsylvania, on Wednesday
BUSINESS / Companies / ANALYSIS
Sep 7, 2024
Nippon Steel's U.S. setback a wake-up for Japan Inc.'s foreign forays
Buyers and sellers of assets were taking more time analyzing political trends and scrutinizing whether a target is in an industry that might trigger intervention.
Constitutional Democratic Party of Japan head Kenta Izumi announces he will run for reelection as party leader in Tokyo on Friday.
JAPAN / Politics
Sep 6, 2024
Views on interparty cooperation set CDP leader candidates apart
Kenta Izumi, Yukio Edano and Yoshihiko Noda have all outlined different ideas on working with the Japanese Communist Party and Nippon Ishin no Kai.
Nippon Steel has responded to the U.S. government concerns by saying it will invest billions of dollars to maintain and boost U.S. Steel facilities that otherwise would have been idled, "indisputably" allowing it to "maintain and potentially increase domestic steelmaking capacity in the United States."
BUSINESS / Companies
Sep 6, 2024
U.S. fears Nippon Steel's bid for U.S. Steel could hit vital steel supply
The U.S. government is concerned that U.S. Steel would be less likely to seek tariffs on foreign steel importers if it is under the ownership of the Japanese steelmaker.
The U.S. Steel Irvin Plant in Pennsylvania
BUSINESS / Companies
Sep 6, 2024
Union chief assails U.S. Steel CEO and calls deal for company flawed
United Steelworkers President David McCall said he didn’t think the future of U.S. Steel hinged on Nippon Steel buying the company.
Nippon Steel's proposed acquisition of U.S. Steel is opposed by politicians across the political spectrum, including both Republican and Democratic presidential candidates — Vice President Kamala Harris and former President Donald Trump.
BUSINESS / Companies
Sep 5, 2024
Japan miffed but reaction muted after shocking twist to U.S. Steel deal
U.S. President Joe Biden is set to reject Nippon Steel's acquisition of the American steelmaker, according to multiple unconfirmed reports released in recent days.
U.S. Steel's Edgar Thomson Works steel mill in Braddock, Pennsylvania
BUSINESS / Companies
Sep 4, 2024
U.S. Steel to remain American-led, Nippon Steel says
The Japanese firm said post-acquisition the majority of U.S. Steel's board of directors and all members of core senior management would be U.S. citizens.
Nippon Steel headquarters in Tokyo. Nippon Steel said last month that it would make an additional investment of about $1.3 billion in U.S. Steel following the takeover.
BUSINESS / Companies
Sep 3, 2024
Nippon Steel defends its U.S. Steel bid after Harris' opposition
Nippon Steel released a statement Tuesday arguing that the Japanese firm's planned acquisition of U.S. Steel would benefit the United States.
U.S. Vice President Kamala Harris, the Democratic presidential nominee, speaks during a campaign event she attended with U.S. President Joe Biden at IBEW Local Union 5 in Pittsburgh on Monday.
BUSINESS
Sep 3, 2024
Harris says U.S. Steel should remain American owned and run
It’s not clear whether a decision on the takeover will land on U.S. President Joe Biden’s desk or that of his successor — or even if it will proceed at all.
Nippon Steel Vice Chairman Takahiro Mori
BUSINESS / Companies
Aug 30, 2024
Nippon Steel, peers urge Tokyo to curb steel imports from China
China's steel exports rose 24% to 53.4 million tons in the first half of 2024, on track for 100 million tons for the year.
A train carrying steel slabs leaves the U.S. Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania.
BUSINESS / Companies
Aug 29, 2024
Nippon Steel woos U.S. union with extra $1.3 billion investment
The United Steelworkers union has so far opposed a corporate tie-up with U.S. Steel.
Nippon Ishin no Kai head Nobuyuki Baba (left) and Prime Minister Fumio Kishida discuss political reform in Tokyo in May.
JAPAN / Politics / FOCUS
Aug 28, 2024
Hyogo governor's scandal could spell more trouble for Nippon Ishin
The party, still reeling from a mayoral election loss, gave its backing to Hyogo Gov. Motohiko Saito in his 2021 gubernatorial bid.
Nippon Paper Crecia's Scottie brand toilet paper (right) and Daio Paper's Elleair brand toilet paper
JAPAN / Politics
Aug 21, 2024
Tokyo court dismisses extra long toilet paper patent lawsuit
The court dismissed a lawsuit filed by Nippon Paper Crecia against Daio Paper for allegedly infringing on its patents for toilet rolls.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’