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Biden blocks US-Japan steel deal
Biden blocks US-Japan steel deal
by  AFP

President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry. There was rare bipartisan agreement on the issue, with Republican President-elect Donald Trump and the incoming vice president, JD Vance, also campaigning against the sale.

Indian food delivery app rolls out ambulance service
Indian food delivery app rolls out ambulance service
by  AFP

A popular Indian food delivery app has started offering a private ambulance service, looking to use its logistics know-how to help bolster the country's patchy healthcare system. The app is starting small -- only five ambulances are currently available in Gurugram, a satellite city of India’s capital New Delhi-- but the company plans to expand to "all major cities over the next two years".

World food prices dip 2% in 2024: FAO
World food prices dip 2% in 2024: FAO
by  AFP

World food commodity prices declined by 2.1 percent in 2024 compared to the previous year, the FAO said on Friday, but they remain considerably higher than before the Covid-19 pandemic. Food prices also remain considerably higher -- roughly 26 percent -- than they were five years ago.

Beijing slams US over potential Chinese drone ban
Beijing slams US over potential Chinese drone ban
by  AFP

China said on Friday it would take "all necessary measures" in response to the United States announcing it was considering restrictions on commercial Chinese drones for national security reasons.

Biden to block US-Japan steel deal: US media
Biden to block US-Japan steel deal: US media
by  AFP

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan's Nippon Steel and will announce the move as soon as Friday, according to US media.