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President Joe Biden has blocked Japan’s Nippon Steel from acquiring US Steel in a $15 billion deal, citing national security concerns. The decision has sparked backlash from both companies and raised questions about the future of US-Japan economic relations.

In a statement on Friday, Biden emphasized the importance of maintaining US control over key industries. “We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,” he said.

The move aligns with a campaign promise Biden made to prioritize domestic industry, but it has drawn criticism from Japan. A Japanese government source told Euronews that Nippon Steel’s acquisition aimed to combine advanced technologies from both countries, bolstering competitiveness while preserving US steel production capacity and jobs.

The source added that the decision could undermine the growing trend of Japanese investment in the United States and expressed “strong concerns” about its impact on economic ties. “It is regrettable that this decision was made due to national security concerns,” the source said, urging the US to work with its partners to address such issues.

Corporate and Political Backlash

Nippon Steel and US Steel condemned the decision in a joint statement, accusing Biden of manipulating the process to serve political ends. “This represents a clear violation of due process and the law,” the companies said, adding that they are exploring legal action to protect their interests.

The statement dismissed Biden’s justification, claiming there was no credible evidence of national security risks. The companies warned that the decision “sends a chilling message” to allied nations considering significant investments in the US.

The controversy follows the Committee on Foreign Investment in the United States (CFIUS) failing to reach consensus on the deal last month. CFIUS submitted its report to Biden, who had 15 days to decide.

Impact on US-Japan Relations

The decision comes just weeks before Biden leaves office and may strain ties with Japan, a key US ally in Asia and its largest foreign holder of US debt. Critics argue that the move undermines trust in economic collaboration between the two nations.

The rejection has also drawn criticism from conservative lawmakers and business groups like the US Chamber of Commerce, which had supported the deal. Nippon Steel had garnered support from some Steelworkers union members and local leaders near its US operations.

Nippon Steel, the world’s fourth-largest steelmaker, sought the acquisition to enhance its global standing. US Steel, ranked 24th in 2023 by the World Steel Association, would have benefited from the partnership’s technological and operational synergies.

The fallout from Biden’s decision could have lasting implications for foreign investment and US industrial policy.

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Biden Announces Offshore Drilling Ban Ahead of Trump’s Inauguration

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US President Joe Biden has imposed a ban on new offshore oil and gas drilling along most of the nation’s coastline, in one of his administration’s final acts on climate policy before Donald Trump takes office. The ban applies to the entire Atlantic coast, the eastern Gulf of Mexico, the Pacific coast off California, Oregon, and Washington, as well as a section of the Bering Sea off Alaska.

This decision comes just weeks before Trump’s scheduled return to the White House, as part of a series of last-minute environmental actions by the Biden administration. Trump, who has long pledged to “unleash” domestic fossil fuel production to lower gas prices, has repeatedly criticized Biden’s climate policies, which he sees as detrimental to energy independence.

Announcing the ban, Biden stated, “My decision reflects what coastal communities, businesses, and beachgoers have known for a long time: that drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nation’s energy needs. It is not worth the risks.”

In response, Trump dismissed the ban as “ridiculous” during a radio interview, asserting that he could overturn the decision immediately upon taking office. “I’ll unban it immediately,” Trump declared. The incoming president has promised to reverse many of Biden’s conservation and climate change policies.

The new offshore drilling ban is enacted under the Outer Continental Shelf Lands Act of 1953, which allows the president to withdraw areas from mineral leasing and drilling. However, the law does not grant presidents the authority to revoke previous bans. A 2019 court ruling stipulates that a reversal would require an act of Congress, which is now controlled by Trump’s Republican party. Additionally, areas already leased for drilling are not subject to revocation under the law.

While Trump has been a staunch advocate for expanding oil and gas exploration, he used the same law in 2020 to protect waters off Florida’s coast—a move seen as politically motivated ahead of the election. Biden’s new ban will also protect that area, but with no expiration date.

The ban covers more than 625 million acres (253 million hectares) of water and is expected to face significant opposition from the oil and gas industry. Mike Sommers, president of the American Petroleum Institute, called Biden’s decision “politically motivated” and urged Congress to reverse it.

Environmental groups, however, welcomed the move. Joseph Gordon of Oceana called it “an epic ocean victory,” praising the protection of coastal communities for future generations. Environmentalists and Democrats had advocated for the ban, citing concerns that new drilling would undermine efforts to combat climate change and reduce greenhouse gas emissions.

Biden’s decision is expected to spark legal challenges, with Trump likely to pursue avenues to overturn the ban. A final ruling could be made by the Supreme Court, which currently holds a conservative majority.

The decision reflects broader global concerns about the need to reduce fossil fuel consumption, with the International Energy Agency recommending a 5% annual reduction in oil and gas demand to limit global temperature rise to 1.5°C.

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Sushi Restaurateurs Pay $1.3 Million for Bluefin Tuna at Tokyo Auction

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Sushi restaurateurs in Tokyo have spent a record sum of 207 million yen ($1.3 million, £1 million) for a bluefin tuna, making it the second-highest price ever paid at the prestigious New Year auction held at the Toyosu Fish Market.

Onodera Group, which placed the winning bid, purchased the tuna, which weighs a hefty 276 kg (608 lbs) and is roughly the size and weight of a motorbike. The fish was caught off the coast of Aomori, located in northern Japan.

Shinji Nagao, a representative of Onodera Group, shared the group’s excitement after securing the prized catch, saying that the tuna would be served at its Michelin-starred Ginza Onodera restaurants, as well as at Nadaman restaurants across the country. “The first tuna is something meant to bring in good fortune,” Nagao said, adding that he hoped customers would enjoy the meal and “have a wonderful year.”

Onodera Group has been the top bidder in the Ichiban Tuna auction for five consecutive years, with the latest purchase setting a new high for the group. Last year, the group paid 114 million yen for the winning tuna.

The highest auction price recorded since 1999 was 333.6 million yen, which was paid in 2019 for a slightly larger tuna weighing 278 kg. This record was set by sushi restaurant owner Kiyoshi Kimura, who is known as Japan’s “Tuna King.”

Toyosu Fish Market, which opened in 1935 and claims to be the largest fish market in the world, is renowned for its early-morning tuna auctions. The auction typically attracts high-end sushi restaurateurs and fishmongers who are eager to secure top-quality tuna to serve at their restaurants.

While the bluefin tuna dominated headlines, it was not the only prized catch at the auction. Hokkaido sea urchins also fetched a record-breaking 7 million yen, highlighting the market’s diverse offerings.

The annual auction is more than just a business event; it has become a symbol of Japanese culture, particularly in the world of sushi, where the first tuna of the year is seen as a good-luck charm for the coming months.

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Fate of Two Killer Whales Uncertain as Marineland Antibes Closes

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The future of two killer whales at Marineland Antibes, located near Cannes on the French Riviera, remains unclear following the closure of the marine zoo on Sunday. Campaigners and the zoo’s management are in disagreement over the whales’ relocation, with the French government already blocking one proposed rehoming option.

Marineland, which houses Europe’s largest collection of marine animals, announced it would close permanently on January 5 due to new animal welfare laws. The legislation, passed in 2021, bans the use of dolphins and whales in marine zoo shows, and will come into effect next year. The zoo currently holds two killer whales: Wikie, a 23-year-old female, and her 11-year-old son, Keijo.

The zoo’s management argues that shows featuring these orcas are a major draw for visitors, accounting for 90% of the park’s attendance. Without such shows, they claim, the business would not be viable. However, efforts to find new homes for Wikie and Keijo have sparked debate.

Experts agree that releasing the whales into the wild would not be viable. Both orcas were born in captivity and lack the necessary survival skills to thrive in the ocean. Marine biologist Hanne Strager compares the scenario to “taking your dog out of the house and sending him into the woods to live freely as a wolf.” Strager, who authored The Killer Whale Journals, stresses the deep bonds these orcas have formed with their human caretakers over the years.

A controversial deal to send the orcas to a marine zoo in Japan was blocked by the French government last November. Authorities cited concerns over animal welfare standards in Japan and the potential stress caused by the 13,000 km (8,000-mile) journey.

Another option is Loro Parque in the Canary Islands, which adheres to European animal welfare standards. However, campaigners fear Wikie and Keijo would continue to be forced into performances. Loro Parque has faced scrutiny after several orca deaths in recent years, including the November death of 29-year-old Keto and three others between 2021 and 2022.

Katheryn Wise of World Animal Protection (WAP) expressed concern, stating, “It would be devastating for Wikie and Keijo to end up in another entertainment venue like Loro Parque – from one whale jail to another.” WAP advocates for the orcas’ relocation to a sanctuary, such as the Whale Sanctuary Project (WSP) in Nova Scotia, Canada. This sanctuary would offer the whales a large, enclosed bay to live out their lives in a more natural environment with human support.

While sanctuary proponents argue this could offer the orcas a better quality of life, Strager raises concerns about how they would adjust to such a drastic change. The proposed sanctuary, she notes, might feel as alien to them as the open ocean.

As Marineland closes its doors and the search for a new home for Wikie and Keijo continues, the debate over the ethics of keeping killer whales in captivity grows ever more pressing.

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