2025-01-03 22:58:00
President Biden announced that he had issued an order to block Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer. He cited national security concerns as the reason. This is the unusual case of a major Japanese steel manufacturer's huge acquisition plan being blocked by the American president.
2025-01-03 06:36:00
American electric vehicle manufacturer Tesla announced that its global new car sales in 2024 will be lower than the previous year, at just over 1.78 million units. This is likely due to intensifying competition with Chinese EV manufacturers as well as continued sluggish growth in the US market.
2025-01-03 06:24:00
The Bank of Japan, which changed its monetary policy last year by raising interest rates for the first time in 17 years, plans to consider further interest rate hikes this year. It plans to explore the timing while assessing trends related to wage increases ahead of the spring labor offensive, but the biggest focus will be on whether it can decide to raise interest rates at the right time so as not to cause a sudden change in financial markets.
