Exclusive-Nippon Steel to invest $14 billion in U.S. Steel including $4 billion for new mill, document saysNew Foto - Exclusive-Nippon Steel to invest $14 billion in U.S. Steel including $4 billion for new mill, document says

By Alexandra Alper and Jarrett Renshaw WASHINGTON (Reuters) -Nippon Steel plans to invest $14 billion in U.S. Steel's operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and two people familiar with the matter. Under details of the plan included in the document, the company will plow $11 billion into U.S. Steel's infrastructure through 2028. That includes $1 billion in a green field site, which is expected to grow by $3 billion over the following years and has not been previously reported. The total investment figure was previously reported by CTFN. The super-charged investment pledge, up from an initial $1.4 billion, was pitched as part of a last ditch effort to win approval of the merger, which has drawn fire from both Presidents Donald Trump and Joe Biden. The companies face a May 21 deadline for the completion of a fresh national security review of their proposed tie-up, which was blocked by Biden on national security grounds in January following a prior review. Trump would then have 15 days to decide the fate of the transaction, although the timeline could slip. It is unclear if the billions in new investment will be enough to sway Trump. But the offer shows the lengths Nippon Steel is willing to go to to secure approval, with a looming $565 million breakup fee and current steep U.S. steel tariffs of 25% to access thriving American steel markets. U.S. Steel declined to comment. Nippon Steel, the White House and the Treasury Department, which leads the committee overseeing the national security review, did not immediately respond to requests for comment. (Reporting by Alexandra Alper; Editing by Chris Sanders and Alistair Bell)

Exclusive-Nippon Steel to invest $14 billion in U.S. Steel including $4 billion for new mill, document says

Exclusive-Nippon Steel to invest $14 billion in U.S. Steel including $4 billion for new mill, document says By Alexandra Alper and Jarrett R...
Portugal's election result falls short of ending political instability. Here's what to knowNew Foto - Portugal's election result falls short of ending political instability. Here's what to know

LISBON (AP) — Portugal's third general election in three years has failed to deliver the result that could break the worst spell of political instability for decades in the European Union country of 10.6 million people. Sunday's vote delivered another minority government for the center-right Democratic Alliance, which will be at the mercy of opposition parties. The significant rise in support for the hard-right populist party Chega (Enough) adds more uncertainty. Why was there an early election? The Democratic Alliance, led by the Social Democratic Party, lost a vote of confidence in parliament in March as opposition lawmakers teamed up against it. That triggered an election, which had been due in 2028. The confidence vote was sparked by a political storm around potential conflicts of interest in the business dealings of Prime Minister Luís Montenegro's family law firm. Montenegro, who is poised to become prime minister again, has denied any wrongdoing. What was the outcome of Sunday's ballot? The Democratic Alliance captured at least 89 seats in the 230-seat National Assembly. Chega collected the same number of seats as the center-left Socialists — 58 — and could yet claim second place when four remaining seats decided by voters abroad are attributed in coming days. Chega competed in its first election just six years ago, when it won one seat, and has fed off disaffection with the more moderate traditional parties. Its success shook up the traditional balance of power in a trend already witnessed elsewhere in Europe with parties such as France's National Rally, the Brothers of Italy, and Alternative for Germany, which are now in the political mainstream. For the past 50 years, the Social Democrats and the center-left Socialist Party have alternated in power in Portugal. The Socialists, meanwhile, are without a leader after Pedro Nuno Santos said he was standing down following the party's worst result since 1987. Smaller parties got the other seats. What are the issues? Corruption scandals have dogged Portuguese politics in recent years, helping fuel the rise of Chega. Chega owes much of its success to its demands for a tighter immigration policy that have resonated with voters. Portugal has witnessed a steep rise in immigration. In 2018, there were fewer than a half-million legalimmigrantsin the country, according to government statistics. By early this year, there were more than 1.5 million, many of them Brazilians and Asians working in tourism and farming. Thousands more lack the proper documents to be in Portugal. A housing crisis has also fired up debate. House prices and rents have been soaring for the past 10 years, due in part to an influx of white-collar foreigners who have driven up prices. The problem is compounded by Portugal being one of Western Europe's poorest countries. The average monthly salary last year was around 1,200 euros ($1,340) before tax, according to the statistics agency. The government-set minimum wage this year is 870 euros ($974) a month before tax. What happens now? Portugal's head of state convened the country's political parties for consultations. President Marcelo Rebelo de Sousa, who has no executive power, was consulting with parties before inviting the election winner to form a government, in line with the constitution.

Portugal's election result falls short of ending political instability. Here's what to know

Portugal's election result falls short of ending political instability. Here's what to know LISBON (AP) — Portugal's third gener...
Joe Biden's sad, complicated exit from American politicsNew Foto - Joe Biden's sad, complicated exit from American politics

Joe Biden's exit from American politics was never going to be easy. After a lifetime in public office that ended with an unprecedented turnaround on whether to seek a second term, the former president has watched his mental acuity increasingly scrutinized and his White House legacysystematically steamrolleredby his successor −all this in the four months since he moved out of 1600 Pennsylvania Avenue. Now the announcement on Sunday, May 18, that the 82-year-old has beendiagnosed with an aggressive formof prostate cancer, one that has metastasized to the bone, has prompted a surge of sympathy and compassion. But it has also underscored growing questions and, among some top Democrats, anger about his initial decision to run for re-election despite signs of physical frailty and the reality of advanced age. "So far, so good,"Biden told USA TODAYin January. "But who knows what I'm going to be when I'm 86 years old?" In the Oval Office interview, he said he still believed that he could have defeatedDonald Trumpin 2024, as he had in 2020, if he hadn't pulled out of the contest after a wandering,faltering debate performancelast June. His vice president, Kamala Harris, claimed the Democratic nomination but lost the general election. Among many independent political analysts, though, Biden's defeat seemed all but guaranteed, given voters' alarm about inflation and immigration as well as concern about his vigor. Some speculate that an earlier decision not to run again, and the full-scale primary campaign that would have followed, would have allowed some other Democratic candidate to prevail in November. Now there's also this debate: Was there was a cover-up to keep the American people from understanding the state of the president's health? Monitoring the health of presidents has long been a difficult enterprise, back to the disabling stroke that Woodrow Wilson suffered in 1919; his wife became his gatekeeper. When Ronald Reagan announced he had been diagnosed with Alzheimer's Disease in 1994, some observers wondered if he had shown early signs of the disorder before he left the White House in 1989. Even President Trump, 78, has faced questions about his mental acuity, though he has bragged about acing a cognitive test used to screen for dementia during his medical check-up in April. "Melania and I are saddened to hear about Joe Biden's recent medical diagnosis," he saidon Truth Social Sunday."We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery." But his son, Donald Trump Jr., who initially reposted a message that said, "politics aside, we wish him a speedy recovery," followed up witha message suggesting a conspiracyand mocking former first lady Jill Biden, who has a doctorate in education. "What I want to know is how did Dr. Jill Biden miss stage five metastatic cancer or is this yet another coverup???" he wrote. He reposted a message that asserted, without providing evidence, that it was "highly likely" that Biden had been diagnosed with the cancer while he was president. (There are four stages of cancer.) The younger Trump pinned the message to the top of his feed on the social-media site X, giving it special prominence to his 15 million followers. Allegations of a cover-up have been fueled by an explosive book out May 20 by Jake Tapper of CNN and Alex Thompson of Axios. Titled "Original Sin," it details how an innermost circle of White House aides protected Biden − limiting the hours of the day that he worked, the length of speeches that he gave, even the access of members of his Cabinet. The release last week of the audio recording of Biden's interview in 2023 with special counsel Robert Hur has ignited more controversy. In it, Biden speaks haltingly and struggles to remember names and dates. Rep. James Comer (R-Ky.), chair of the House Oversight and Accountability Committee said Friday the panel would resume an inquiry into allegations of a cover-up. "Clearly, from that interview, which was many, many months prior to the heavy use of the autopen, Joe Biden wasn't capable of making decisions," Comer said on Fox News's "Hannity." "He wasn't coherent." Biden's medical diagnosis not only isn't likely to deter the GOP investigations ahead. Questions about its timing could even fuel them. Now, at a moment he had expected to write his memoirs and plan his presidential library, he instead will face not only cancer treatment but also congressional inquiries and an avalanche of questions. Meanwhile, Democratic congressional leaders have been dodging discussions about whether they recognized a worrisome decline in Biden's acuity and, if so, what they did or should have done about it. "We're looking forward," Senate Leader Chuck Schumer said last week when Kasie Hunt of CNN pressed him on what he observed in private meetings with Biden. When she asked if Biden's decision had cost Democrats the White House, he would only repeat. "We're looking forward." "That's it?" she asked. "That's it," he said. But some Democrats believe the party has no choice but to explore Biden's complicated exit from politics. "It was a mistake" for Biden to remain in the race as long as he did, Sen. Chris Murphy (D-Conn.) said Sunday on NBC's "Meet the Press." "It was a mistake for Democrats to not listen to the voters earlier and set up a process that would have gotten us in a position where we could have been more competitive that fall." By the 2028 presidential contest, economic and other issues will presumably dominate, but the residue of Biden's departure could be a factor as well. His most fervent defenders and members of his administration, such as former Transportation secretary Pete Buttigieg, could find themselves forced to address what they knew and what they did. And those who had some distance from the former president − think Illinois Gov. JD Pritzker, Maryland Gov. Wes Moore, even New York Rep. Alexandria Ocasio Cortez − could be boosted as the sort of fresh faces the party needs. At the moment, Democrats could use a boost. Only 17% of Americans have any optimism about the future of the Democratic Party, according to anAssociated Press pollthis month, a precipitous decline from the 31% who felt that way about a year ago. (Twenty-five percent are now optimistic about the future of the GOP.) Even among Democrats, only about a third expressed any optimism for their party. Rebuilding credibility for the future, some say, may first require reckoning with the past. This article originally appeared on USA TODAY:Joe Biden's exit from American politics just got more complicated

Joe Biden's sad, complicated exit from American politics

Joe Biden's sad, complicated exit from American politics Joe Biden's exit from American politics was never going to be easy. After a...
An inquiry says France's government covered up Nestle's illegal treatment of bottled waterNew Foto - An inquiry says France's government covered up Nestle's illegal treatment of bottled water

PARIS (AP) — The government of French President Emmanuel Macron covered up decisions over the illegal treatment of mineral water by food industry giant Nestle, including the world-famous Perrier brand, a Senate inquiry commission said Monday. Its report focused on Nestle's years of use of treatments to avoid bacterial or chemical contamination of water labeled as "natural mineral water" or "spring water" for brands also including Contrex, Vittel and Hépar. Such treatments are prohibited under French and European regulations. The report concluded that France's government had concealed "illegal practices." "In addition to Nestle Waters' lack of transparency, the French government's lack of transparency must also be highlighted," it said. French media reported the banned treatments last year. Nestle paid a fine to avoid legal action The report noted a "deliberate strategy" of concealment since the first government meeting on the issue in October 2021. Months later, authorities agreed to a Nestle plan to replace the banned treatments with microfiltering. Nestle did not immediately respond to a request for comment. France's government did not immediately comment. Last year, the Swiss company publicly acknowledged having used treatments on mineral waters and agreed to pay a 2 million euro fine ($2.2 million) to avoid legal action. The inquiry commission interviewed more than 120 people including Nestle's CEO and top managers. One refused to speak to it: Alexis Kohler, then-secretary general of the Elysee presidential palace, who the report said has spoken several times with Nestle executives by phone or in person. The commission concluded "that the presidency of the republic had known, at least since 2022, that Nestle had been cheating for years." Asked about scandal in February, Macron said he was "not aware of these things ... There is no collusion with anyone." Fraud estimated to be worth over $3 billion Alexandre Ouizille, the commission's rapporteur, said the total amount of the fraud has been estimated at over 3 billion euros ($3.38 billion) by France's agency in charge of fraud control. Natural mineral water is sold about 100 to 400 times the price of tap water, he said, denouncing "misleading of consumers." Ouizille described a Nestle plant in southern France the commission visited where there were "sliding cabinets behind which illegal treatments were carried out." The report said Nestle argued there was a risk of job losses if the government did not authorize some kind of treatment or microfiltration, because its plants would have to close due to spring water being contaminated by bacteria like E. coli that can cause serious illness and death. Laurent Burgoa, the president of the commission, said there has been no proven harm to the health of people who drank water sold by Nestle. "Personally, I drank some Perrier ... But I didn't know what I was drinking, that's the problem," Burgoa said.

An inquiry says France's government covered up Nestle's illegal treatment of bottled water

An inquiry says France's government covered up Nestle's illegal treatment of bottled water PARIS (AP) — The government of French Pre...
Russia bombards Ukraine with drones hours after Trump announces talks with PutinNew Foto - Russia bombards Ukraine with drones hours after Trump announces talks with Putin

Russiatargeted Ukraine with its largest single drone attack yet just hours ahead of President Donald Trump's phone call with Vladimir Putin about ending the war. Russia on Sunday fired a total of 273 exploding drones and decoys targetingUkraine'sKyiv, Dnipropetrovsk and Donetsk regions, according to Ukraine's air force. Of those, 88 were intercepted and 128 lost, likely being electronically jammed. The barrage was the biggest drone attack since the start of Russia's full-scale invasion in February 2022, Yuriy Ihnat, head of the air force's communications department, told the Associated Press. It came after Trump said he would be "speaking, by telephone, to President Vladimir Putin of Russia on Monday, at 10:00 a.m." regarding the war in Ukraine. President Trump Dishes On 'Great' Phone Call With Russia's Vladimir Putin "The subjects of the call will be, stopping the 'bloodbath' that is killing, on average, more than 5,000 Russian and Ukrainian soldiers a week, and trade,"Trumpwrote on Truth Social on Saturday. "I will then be speaking to President Zelenskyy of Ukraine and then, with President Zelenskyy, various members of NATO." Read On The Fox News App "Hopefully it will be a productive day, a ceasefire will take place, and this very violent war, a war that should have never happened, will end," Trump added. "God bless us all!!!" White House Press Secretary Karoline Leavitt said during Monday's press briefing that "The president has made it clear his goal is to see a ceasefire and to see this conflict come to an end. "And he's grown weary and frustrated with both sides of the conflict. The president and his team have put an enormous amount of effort in solving this very complicated war that, again, began because of the last administration's weakness," she added. The previous largest known single drone attack from Russia against Ukraine was on the eve of the war's third anniversary, when Russia pounded Ukraine with 267 drones. Kyiv regional Gov. Mykola Kalashnyk said a 28-year-old woman was killed in Sunday's drone attack, and three other people, including a 4-year-old child, were wounded, the AP reported. Massive Russian Drone Attack Kills 7 In Ukraine Ahead Of Us Peace Talks Vice President JD Vance and Secretary of State Marco Rubio also met with Zelenskyy in Rome Sunday for ongoing peace talks. "During our talks we discussed negotiations in Istanbul to where the Russians sent a low-level delegation of non-decision-makers. I reaffirmed that Ukraine is ready to be engaged in real diplomacy and underscored the importance of a full and unconditional ceasefire as soon as possible," Zelenskyy shared on X regarding the meeting. "We have also touched upon the need for sanctions against Russia, bilateral trade, defense cooperation, battlefield situation and upcoming prisoners exchange. Pressure is needed against Russia until they are eager to stop the war. And, of course, we talked about our joint steps to achieve a just and durable peace," he continued. World leaders converged in Rome this weekend for Pope Leo XIV's inaugural mass at the Vatican on Sunday, with Vance leading the U.S. delegation. Zelenskyy also attended the mass. Fox News' Emma Colton and the Associated Press contributed to this report. Original article source:Russia bombards Ukraine with drones hours after Trump announces talks with Putin

Russia bombards Ukraine with drones hours after Trump announces talks with Putin

Russia bombards Ukraine with drones hours after Trump announces talks with Putin Russiatargeted Ukraine with its largest single drone attack...

 

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