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Today: December 24, 2024
Today: December 24, 2024

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Biden will decide on US Steel acquisition after influential panel fails to reach consensus

A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving a decision to President Joe Biden, a longtime opponent of the deal. The Committee on Foreign Investment in the United States, known as CFIUS, sent its long-awaited report on the merger to Biden, who formally came out against the deal in March of last year and now has 15 days to reach a final decision, the White House said. A U.S. official familiar with the matter, speaking on condit
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Business|Economy|Political|US

Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say

A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security risk, according to two sources familiar with the matter.The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect domestic steel jobs. The Washington Post was first to report on the committee’s review.CNN has reported throughout the monthslong review that the Committee f
Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say
Election|Political|US

Trump rails against transgender people, makes threats about Denali and the Panama Canal

President-elect Donald Trump over the weekend suggested the US should retake the Panama Canal, an idea that was immediately rejected by the government of Panama, which has controlled the passage for decades.In social media posts and remarks to supporters, Trump accused Panama of charging the US “exorbitant rates” to use the canal and hinted at growing Chinese influence over the crucial waterway.“The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S.,” Trump wrote on Truth Social on Saturday.The US-bu
Trump rails against transgender people, makes threats about Denali and the Panama Canal

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Health|Sports|Travel|US

Skiers injured as lift chairs collide at ski resort in Lake Tahoe

Five skiers were transported to the hospital Monday after an “incident” on a chair lift at Heavenly ski resort in Lake Tahoe, according to Tahoe Douglas Fire Protection District Assistant Chief Bryce Cranch.The patients’ conditions are not yet known.The incident happened around 10 a.m. local time, and fire officials said they responded with two fire engines and three rescue ambulances.Photos captured by a skier and shared with CNN show the aftermath of a collision between two chairs.Travis Faanes told CNN that he was in the lift line for the Dipper Express chairlift when he heard someone
Skiers injured as lift chairs collide at ski resort in Lake Tahoe
Crime|Political|US

House Ethics Committee accuses Gaetz of paying for sex, including with 17-year-old girl

The House Ethics Committee on Monday accused Matt Gaetz of “regularly” paying for sex, including once with a 17-year-old girl, and purchasing and using illicit drugs as a member of Congress, as lawmakers released the conclusions of a nearly four-year investigation that helped sink his nomination for attorney general. The 37-page report by the bipartisan panel includes explicit details of sex-filled parties and vacations that Gaetz, now 42, took part in from 2017 to 2020 while the Republican represented Florida's western Panhandle. Congressional investigators c
Crime|US

‘They didn’t want to believe the truth’: Freed pair speak out 17 years after they were wrongfully convicted of murder

On her first night as a free woman in 17 years, Charlotte Pleytez couldn’t sleep.Pleytez was 20 years old and pregnant when she and another suspect, 15-year-old Lombardo Palacios, were arrested and charged with the killing of Hector Flores in East Hollywood back in 2007. The two were wrongfully convicted of first-degree murder in 2009 and sentenced to 50 years to life in prison.Los Angeles County Superior Court Judge William Ryan formally overturned the pair’s convictions Friday, citing new evidence that pointed to other suspects. Pleytez and Palacios were released from prison that evening
‘They didn’t want to believe the truth’: Freed pair speak out 17 years after they were wrongfully convicted of murder
Crime|Political|US

US House panel finds Matt Gaetz paid for sex and drugs, obstructed Congress

Former Florida Congressman Matt Gaetz paid tens of thousands of dollars to women for drugs and sex that were violations of a series of House rules and included obstruction of Congress, the U.S. House of Representatives' Ethics Committee said in a report released on Monday.The report found that Gaetz paid $90,000 to 12 women, a substantial portion of which the panel found was likely for either sexual activity or drug use. It also determined there was "substantial evidence" Gaetz had sex with a 17-year-old girl while serving in the House.Gaetz, who has denied wrongdoing, resigned from the H

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Americas|Crime|Election|Political|World

Venezuelan opposition members say they’re under ‘siege’ as they take refuge in an embassy

The residence of the Argentine ambassador in Caracas, Venezuela, is mostly silent these days. Rather than diplomatic chatter or Christmas carols at this time of the year, the only noise is that of a small diesel power generator the residents turn on twice a day to charge their phones.The rest of the time, the mansion sits almost still, the occupants busy with their own solitary tasks, like an oversized prison with few inmates.There are no diplomats inside the compound – the Venezuelan government kicked out the ambassador shortly after President Nicolas Maduro proclaimed himself the winner of
Venezuelan opposition members say they’re under ‘siege’ as they take refuge in an embassy
Asia|Europe|Political|World

Zelenskiy says North Korea could send more troops, military equipment to Russia

Ukrainian President Volodymyr Zelenskiy said on Monday that more than 3,000 North Korean soldiers have been killed and wounded in Russia's Kursk region and warned that Pyongyang could send more personnel and equipment for Moscow's army. "There are risks of North Korea sending additional troops and military equipment to the Russian army," Zelenskiy said on X after receiving a report from his top military commander Oleksandr Syrskyi. "We will have tangible responses to this," he added. The estimate of North Korean losses is higher than that provided by Seoul's Joint Chiefs of Staff (JCS),
Business|Europe|Food|Political|World

King Charles ends royal warrants for Ben & Jerry’s owner Unilever and Cadbury chocolatiers

King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names.Charles announced the second set of warrants of his reign late last week, recognizing the included brands and companies as royal suppliers and allowing them to feature the Royal Arms on their packaging.But the list did not include British chocolatiers Cadbury, which had held a warrant since Queen Victoria’s reign in the 19th century, or UK consumer goods giant Unilever (UL).No reason was given for the discontinuation of the pair’s war
King Charles ends royal warrants for Ben & Jerry’s owner Unilever and Cadbury chocolatiers
Economy|MidEast|Political|World

Qatar and Jordan pledge support to Syria

Qatar is ready to invest in Syria's energy sector and ports, the de facto Syrian leader Ahmed al-Sharaa said after meeting a senior Qatari official in Damascus on Monday, as his new Islamist-led administration widened contacts with Arab states.Sharaa also received Jordanian Foreign Minister Ayman al-Safadi, the first Arab foreign minister to visit Damascus since the Hayat Tahrir al-Sham (HTS) toppled Bashar al-Assad two weeks ago. Safadi said Jordan was ready to help Syria rebuild.The meetings further widen the diplomatic contacts of the new administration established after Sharaa's HTS, a for

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Business|Economy|Political|US

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Business|Economy|Political|US

Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say

Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say

Americas|Election|Political

Canada's Trudeau faces increasing pressure from his own MPs to quit

Canadian Prime Minister Justin Trudeau, whose party looks set to lose power early next year, is under increasing pressure from his own legislators to step down

Americas|Election|Political|US|World

Trump is teasing US expansion into Panama, Greenland and Canada

Trump is teasing US expansion into Panama, Greenland and Canada
Business|Economy|Finance|Stock Markets|US

Nordstrom family will take retailer private in $4 billion deal

The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private,

Health|Political|US

Retiring Texas congresswoman, who has missed votes since July, experiencing ‘dementia issues,’ son says

Retiring Texas congresswoman, who has missed votes since July, experiencing ‘dementia issues,’ son says

Election|Political|US

6 key lines from Trump’s Sunday speech to conservative activists in Phoenix

6 key lines from Trump’s Sunday speech to conservative activists in Phoenix
Crime|Election|Health|Political|US

Trump vows to launch anti-drug ad campaign, designate Mexican cartels as terrorists

U.S President-elect Donald Trump said on Sunday he will launch a new anti-drug advertising campaign to show the physical impact of taking drugs like

Business|Economy|US

Party City to close its stores as company files for bankruptcy

Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide

Business|Celebrity|Entertainment|Europe|Political

Trump taps 'Apprentice' producer, Mark Burnett, as special envoy to the United Kingdom

Mark Burnett, the power producer who helped reintroduce Donald Trump to a national television audience with “The Apprentice,” is being tapped by the president-elect as special envoy to the United Kingdom in his upcoming administration

Crime|Political|US

Relief, defiance, anger: Families and advocates react to Biden's death row commutations

Victims’ families and others affected by crimes that resulted in federal death row convictions are sharing a range of emotions, from relief to anger, after President Joe Biden commuted dozens of the sentences

Business|Election|Entertainment|Political|US

Trump taps 'Apprentice' producer as UK special envoy

U.S.

Arts|Crime|Entertainment|Political|US

How a European industrial rock band opposed to violence got tied to school shootings in America

How a European industrial rock band opposed to violence got tied to school shootings in America

Business|Economy|Election|Finance|Political|US

Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers

President-elect Donald Trump said on Sunday that Stephen Miran, a Treasury Department adviser in his first administration, would be the chair of his Council of