International
A federal committee leaves the decision on the purchase of US Steel in the hands of Joe Biden
The United States Foreign Investment Committee (CFIUS), a federal agency chaired by the Treasury Department, told the White House that it is unable to reach an agreement on the purchase of the steel company US Steel by the Japanese Nippon Steel.
The committee informed Washington that it has not reached a consensus on the risk that the operation – valued at 14.9 billion dollars – would pose in national security, thus passing the final decision to President Joe Biden, who has previously opposed the transaction.
“The CFIUS has notified us that the committee has not been able to reach a consensus on the transaction and has sent it to the president to make a decision,” the American company reported today in a statement released on its social networks.
The company indicated that the operation is “the best way” to ensure that US Steel, its employees, communities and customers, “thris in the future.”
And he added that “it improves US national and economic security through investment in manufacturing and innovation and forges a steel alliance to combat China’s competitive threat.”
“We hope that President Biden does the right thing and adheres to the law,” he said.
Biden, who has previously alleged that “US steel companies should be owned by Americans,” is expected to block the operation before leaving the White House.
Last December, Nippon Steel reached an agreement for the acquisition of the American company that was founded 122 years ago, although since then the operation has been quarantined by the US authorities.
The Japanese company also offered to invest another 2.7 billion in modernizing its plants (which are spread throughout the country), guaranteeing jobs and the majority presence of Americans in its management team and its Board of Directors.
The operation – which would create the third largest steel company in the world – has also been opposed by President-elect Donald Trump, who spoke out “totally against the once large and powerful US Steel being bought by a foreign company.”
They ask Nippon for guarantees
Likewise, the president of the United Steelworkers (USW) union, David McCall, is also against the transaction, who has asked Nippon Steel to guarantee the “protection of jobs,” as he believes that the Japanese company will “abandon” the company.
For his part, the company’s CEO, David Burritt, told The Wall Street Journal in September that if the sale was not authorized, U.S. Steel would have to close plants and eliminate thousands of jobs in the country.
The acquisition, designed to compete against Chinese rivals, would create the third largest steel mill in the world.
After the news was announced, US Steel shares on the Wall Street stock exchange fell by 3% in operations after closing.
International
Erin brings strong winds and storm surge despite weakening offshore
Hurricane Erin weakened to a Category 2 storm on Tuesday but continues to pose a threat to parts of the U.S. East Coast with potentially dangerous flooding, according to meteorologists.
Although the hurricane’s eye is expected to remain offshore, experts are concerned about Erin’s size, as strong winds extend hundreds of kilometers beyond the storm’s center.
In its 18:00 GMT bulletin, the U.S. National Hurricane Center (NHC) lifted tropical storm warnings for the Bahamasand Turks and Caicos Islands, but kept them in effect for parts of North Carolina.
Erin was located several hundred kilometers southeast of North Carolina and was moving northwestward.
“This means there is a risk of potentially life-threatening flooding of 60 to 120 centimeters above ground level,” said NHC Director Michael Brennan.
He also warned of the possibility of destructive waves, combined with storm surge, that could cause severe damage to beaches and coastal areas, making roads impassable.
International
Three U.S. Warships deploy near Venezuela to combat drug trafficking
Three U.S. naval vessels are moving toward the coasts of Venezuela, according to international media reports on Tuesday, after White House spokesperson Karoline Leavitt confirmed that President Donald Trump is ready to combat and curb international drug trafficking.
Reports indicate that the ships will reach Venezuelan waters within the next 36 hours as part of a recent U.S. deployment aimed at countering international narcotics operations.
The announcement coincides with Leavitt’s statement that Trump is prepared to “use the full extent of his power” to halt drug flows into the United States. The naval deployment involves approximately 4,000 military personnel.
“The President has been clear and consistent. He is ready to use every element of U.S. power to prevent drugs from flooding our country and to bring those responsible to justice. The Maduro regime is not the legitimate government of Venezuela—it is a narco-terror cartel,” the spokesperson said during a press conference.
International
Cuban authorities free salvadoran convicted in 1997 hotel bombing
Salvadoran national Otto René Rodríguez Llerena was released after serving a 30-year prison sentence for his involvement in a terrorist attack at a hotel in Cuba in 1997, the Cuban Ministry of Foreign Affairs reported.
During his trial, Rodríguez Llerena admitted to placing an explosive device at the Meliá Cohiba Hotel under the orders of anti-Castro exile leaders. He was arrested the following year when he returned to Havana with another load of explosives that failed to detonate.
“The Cuban government reiterates its commitment to combating terrorism, respecting human rights, and the need for the international community to hold accountable those who promote such acts,” the statement read.
He was released on August 15 and is the second Salvadoran to complete his sentence. In December of last year, another Salvadoran, Ernesto Cruz León, was released after planting bombs at tourist centers, one of which killed an Italian tourist identified as Fabio Di Celmo.
A third Salvadoran, Francisco Chávez Abarca, also received a 30-year sentence from Cuban courts in 2010 after being extradited from Venezuela through Interpol for actions against Cuba.
Rodríguez Llerena had requested conditional release in 2016, arguing that his actions had not caused any direct fatalities, but no further information was released about his situation until now.
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