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
Chile enters runoff campaign with Kast leading and Jara seeking a last-minute comeback
Chile’s presidential runoff campaign for the December 14 election kicked off this Sunday, with far-right candidate José Antonio Kast entering the race as the clear favorite in the polls, while left-wing contender Jeannette Jara faces an uphill scenario, hoping for a comeback that some experts describe as “a miracle.”
The final polls released in Chile—published before the mandatory blackout on survey dissemination—give Kast, an ultraconservative former lawmaker running for president for the third time, a lead of between 12 and 16 points. His opponent, the communist former minister in Gabriel Boric’s current administration, is weighed down not only by the government’s low approval ratings but also by a fragmented electorate.
Although Jeannette Jara received the most votes in the first round with 26.9%, her lack of alliances beyond the left makes it difficult for her to expand her support. Kast, who secured 23.9%, has already brought key figures on board: ultralibertarian Johannes Kaiser (13.9%) and traditional right-wing leader Evelyn Matthei (12.4%), both now backing his candidacy.
Analysts note that although Kast’s support base consolidates more than 50% of the electorate, it does not guarantee an automatic transfer of votes. Populist economist Franco Parisi, who placed third with 19.7%, emerges as the major wildcard. His party, the People’s Party (PDG), is set to decide this Sunday through an internal consultation whether to endorse one of the two finalists.
International
Trump says asylum decision freeze will remain in place “for a long time”
U.S. President Donald Trump warned on Sunday that the suspension of decisions on asylum applications—implemented as part of his order to “halt” immigration from third-world countries following Wednesday’s shooting in Washington—will remain in effect “for a long time.”
The president declined to specify how long the freeze, imposed last Friday by the U.S. Citizenship and Immigration Services (USCIS), would last. The suspension affects individuals waiting for an asylum ruling from that agency, though it does not apply to cases handled by U.S. immigration courts.
The delay is part of a series of measures enacted by the Trump Administration after a shooting on Wednesday in which an Afghan national allegedly opened fire on the National Guard in Washington, D.C., killing one officer and leaving another in critical condition.
Trump has ordered a permanent halt to immigration from 19 countries classified as “third-world.” He also indicated on Sunday that “possibly” more nations could be added to the list.
“These are countries with high crime rates. They are countries that do not function well… that are not known for success, and frankly, we don’t need people from those places coming into our country and telling us what to do,” Trump said, adding: “We don’t want those people.”
USCIS had already announced on Thursday a “rigorous review” of green cards held by migrants from 19 “countries of concern,” including Afghanistan, Cuba, Venezuela, and Haiti.
International
Sri Lanka and Indonesia deploy military as deadly asian floods kill over 1,000
Sri Lanka and Indonesia deployed military personnel on Monday to assist victims of the devastating floods that have killed more than a thousand people across Asia in recent days.
A series of weather events last week triggered prolonged torrential rains across Sri Lanka, parts of Indonesia’s Sumatra island, southern Thailand, and northern Malaysia. Indonesian President Prabowo Subianto said Monday in North Sumatra that “the priority now is to deliver the necessary aid as quickly as possible.”
“There are several isolated villages that, with God’s help, we will be able to reach,” he added. Subianto also stated that the government had deployed helicopters and aircraft to support relief operations.
Floods and landslides have claimed 502 lives in Indonesia, with a similar number still missing.
This marks the highest death toll from a natural disaster in Indonesia since 2018, when an earthquake and subsequent tsunami killed more than 2,000 people.
The government has sent three military ships carrying aid and two hospital vessels to the hardest-hit regions, where many roads remain impassable.
In the village of Sungai Nyalo, located about 100 kilometers from Padang, the capital of West Sumatra, floodwaters had receded by Sunday, leaving homes, vehicles, and crops coated in thick mud.
Chile enters runoff campaign with Kast leading and Jara seeking a last-minute comeback
Trump says asylum decision freeze will remain in place “for a long time”
Sri Lanka and Indonesia deploy military as deadly asian floods kill over 1,000
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