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Biden opposes Nippon Steel takeover of US Steel: statement
Biden opposes Nippon Steel takeover of US Steel: statement
Business and Economy
by  AFP

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo. In December the USW ripped the proposed deal as reflective of a "greedy, shortsighted attitude" of US Steel, which dates to 1901, and questioned the ability of Nippon to honor contracts.

Italy fines TikTok 10 mn euros for failing to protect minors
Italy fines TikTok 10 mn euros for failing to protect minors
Technology
by  AFP

Italy's competition authority on Thursday fined TikTok 10 million euros (nearly $11 million), saying the hugely popular video app had failed to sufficiently protect minors. The short-video app has soared in popularity worldwide, but its ownership by Chinese tech giant ByteDance -- and alleged subservience to Beijing's ruling Communist Party -- has fuelled concern in Western capitals.