TOKYO, Mar 18 (News On Japan) - U.S. Steel, a major American steel company, has announced that the acquisition process by Nippon Steel is expected to be completed this year, despite opposition from President Biden.
The announcement was made public in a document submitted to U.S. authorities by U.S. Steel on March 15. David Burritt, President and CEO of U.S. Steel, stated that the agreement with Nippon Steel is "the best deal for all employees, customers, shareholders, and our country."
Nippon Steel has announced a postponement of its acquisition timeline for major American steel manufacturer U.S. Steel, from the end of September to the end of December.
As harsh summer heat is expected nationwide, applications for insurance against the risk of heatstroke have surged, reaching approximately 4,000 in just one week since sales began.
A new cruise ship terminal has been completed at Tempozan in Osaka, and it was unveiled to the press on May 2nd.
Amid global wheat shortages due to abnormal weather conditions and the depreciation of the yen, Japan is seeing price hikes and suspensions in the sale of products like orange juice, leading some to turn to domestic alternatives like mandarin juice. One such alternative gaining attention as a substitute for imported goods is rice flour.
Ahead of Children's Day, Japan's Ministry of Internal Affairs and Communications released an estimate of the country's child population, revealing a decrease of 330,000 compared to the previous year. The population of children under 15 dropped for the 43rd consecutive year, reaching a record low since data collection began in 1950.
Sony Pictures Entertainment, under the Sony Group, in partnership with an American investment firm, has proposed a joint acquisition of the U.S. media giant Paramount Global for approximately 4 trillion yen ($26 billion), as reported by multiple American media sources.
Naoya Inoue, Japan's undisputed super bantamweight world champion said Saturday he has high hopes for the defense of his four belts against Mexico's Luis Nery when they fight on Monday. (Kyodo)
Atami, one of Japan's premier hot spring destinations, is witnessing a full-fledged revival. Land prices in the area have increased by 13%, and there's a surge in new eateries opening their doors. Inquiries for resort condominiums built during the bubble era have risen by 1.5 times.
