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Trump says will 'block' Nippon Steel from taking over US Steel
Trump says will 'block' Nippon Steel from taking over US Steel
Economy
by  AFP

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts. Days after the US election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year, while US President Joe Biden was still in office.

Nepal PM kicks off China visit eyeing investment deals
Nepal PM kicks off China visit eyeing investment deals
Economy
by  AFP

Nepal's prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighbouring India. The leader of the Himalayan republic is scheduled to meet with Chinese President Xi Jinping and Premier Li Qiang during his visit, which will last until Thursday.