U.S. President Donald Trump has opposed Nippon Steel’s [1] $14 billion bid to acquire U.S. Steel Corp, stating he does not want the American steel producer to be sold to Japan. His remarks have added uncertainty to the deal, which has already faced significant political and legal challenges. Trump’s comments appear to contradict recent actions […]
The Northern India Textile Research Association (NITRA) and the CSIR–National Botanical Research Institute (NBRI) in Lucknow have signed a Memorandum of Understanding (MoU) to boost sustainable innovation in India’s textile sector. The collaboration will focus on a detailed genomic analysis of Asclepias, or milkweed, a native plant with significant potential as a source of eco-friendly […]
Shein, the China-founded fast-fashion giant, has received approval from the UK’s Financial Conduct Authority (FCA) for a potential initial public offering (IPO) in London—a key step in its long-anticipated public listing. The approval follows a confidential filing with the FCA in June 2023. Despite this progress, Shein faces significant challenges. Chief among them is global […]
Sydney-based Greensteel Australia has taken a significant step toward establishing a low-carbon steel mill, finalizing a $1.6 billion infrastructure order with global steelmaking leader Danieli Group. They signed a contract with them to purchase stages two and three of its proposed low-carbon steel mill. Sydney-based Greensteel has identified Whyalla as its top choice for the […]
The Baldota Group, a renewable energy company, announced on Thursday its plans to enter into the steel sector investing Rs 54,000 crore for a project in Karnataka with up to 10.5 million tonnes (MT) of production capacity. Nagaraj N B, Vice President of the Integrated Steel Project, in a company statement, stated that the greenfield project will […]
