CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover application, a person familiar with the matter said on Tuesday.

CFIUS needs more time to understand the impact of national security and engage with the parties, the person added.

Source

World

World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains

February 27, 2026

A view of Bryggen, the historic Hanseatic Wharf in Bergen, Norway, on Sept. 16, 2024. Manuel Romano | Nurphoto | Getty Images Norway’s $2 trillion oil fund, the largest of its kind, generated an annual profit of about $248 billion last year, with strong gains in global equities driving a 15.1% return. Norges Bank Investment […]

World

Core wholesale prices rose 0.8% in January, much more than expected

February 27, 2026

Customers shops for fruit in a supermarket in New York on Jan. 22, 2026. Charly Triballeau | AFP | Getty Images Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday. The core producer price index, which excludes volatile food and energy prices, […]

World

Russia and Ukraine agree local truce to allow repairs at Europe’s largest nuclear power plant

February 27, 2026

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi (not seen), visits Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) in Russian-controlled Energodar, on March 29, 2023. Anadolu | Anadolu | Getty Images Russia and Ukraine agreed to a local ceasefire to allow for repairs of the backup power lines to the Zaporizhzhia […]