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Business & Finance

Biden blocks U.S. Steel takeover by Japan’s Nippon Steel, citing national security

A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images President Joe Biden has officially blocked U.S. Steel‘s $14.9 billion acquisition by Japan’s Nippon Steel, citing national security concerns. U.S. Steel’s stock dropped by nearly 8% in premarket […]

Business & Finance

Japan’s SoftBank woos Trump with planned $100bn investment in US

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning. In today’s newsletter: SoftBank pledges $100bn investment in US Court names alleged Chinese spy linked to Prince Andrew […]

Science

Japan’s Space One delays Kairos rocket launch again

Credit: CC0 Public Domain A startup aiming to become Japan’s first private firm to put a satellite into orbit postponed a rocket launch for the second day running on Sunday, after its first try ended in a mid-air explosion. Tokyo-based Space One had initially scheduled liftoff for its Kairos rocket for 11:00 am (0200 GMT) […]

World News

Japan’s politics gets a rare dose of upheaval after snap election

Getty Images PM Shigeru Ishiba’s governing Liberal Democratic Party (LDP) has lost its majority Japanese elections are normally steady and boring affairs – but this snap election was neither. The dramatic vote follows a political funding corruption scandal that was revealed last year, which implicated senior lawmakers and cabinet members from the ruling Liberal Democratic […]