IlluMyFi

President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned

Joe Biden blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel on Friday, citing concerns the deal could hurt national security and following through on a pledge to keep the steelmaker domestically owned as he prepares to depart the White House.

“US Steel will remain a proud American company – one that’s American-owned, American-operated, by American union steelworkers – the best in the world,” the US president said in a statement.

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05.01.25 05:16

by theguardian.com

Amazon aims to branch into UK internet market with satellite broadband plan

Proposed space launches within next two years could ultimately deliver mobile phone signal even to most remote areas

Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most remote areas.

The tech company, founded by Jeff Bezos, said it would seek access to British radio frequencies “over the next one to two years” as it prepares to offer satellite internet, according to a regulatory filing first reported by the Sunday Telegraph.