
Nippon Steel deal reveals cost of ‘America First': podcast
The Japanese steelmaker pushed its $14.9 bln bid for United States Steel past the line with some big concessions. In this Viewsroom podcast, Breakingviews columnists debate the golden share it handed to the US government and what this means for others eyeing stateside expansion.
Follow Aimee Donnellan on LinkedIn.
(The host is a Reuters Breakingviews columnist. The opinions expressed are her own.)
FURTHER READING
Nippon Steel's US win sets bad Japan M&A precedent
Muddled US meddling grinds factory gears
US Steel now all about striking while iron is hot
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South Korea launches new measures to boost won-trading during extended hours
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Reuters
11 minutes ago
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More than 60% of new cars sold in China this year will have Level 2 features, according to an estimate from research firm Canalys. In its push for assisted-driving technology, and ultimately fully self-driving cars, Beijing is seeking to help homegrown carmakers just as it supported China's rapid rise to become the world's electric-car juggernaut. Last year, China's government lined up nine automakers for public tests to advance the adoption of self-driving cars. In their Level 3 push, Chinese regulators also are upping the regulatory ante by holding automakers and parts suppliers liable if their systems fail and cause an accident. Legislation passed in Britain last year adopted a similar approach to liability. At the Shanghai auto show in April, several companies touted progress toward rolling out vehicles with Level 3 capability. Tech giant Huawei said it is ready to introduce a Level 3 system for highways after simulated testing of more than 600 million kilometers. 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Reuters
32 minutes ago
- Reuters
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