Nippon Steel officials: Trump has approved company's plan to buy US Steel
US President Donald Trump has issued executive orders that revise his predecessor's order to block Japanese firm Nippon Steel's bid to purchase US Steel.Trump's orders on Friday are based on the review results of the Committee on Foreign Investment in the United States, or CFIUS. In January, the then US President, Joe Biden, blocked Nippon Steel's buyout plan, citing national security concerns.
But in April, Trump instructed CFIUS to conduct a fresh review. The executive orders say a national security risk can be adequately mitigated if certain conditions are met. The orders also say the proposed acquisition is prohibited unless the two companies sign and remain in compliance with the national security agreement with the US Treasury Department. Now Nippon Steel officials say they believe the company's plan to buy US Steel has been approved. They say its bid to acquire 100% of common shares in US Steel and turn it into a wholly owned subsidiary has received the go ahead. Nippon Steel and US Steel issued a joint statement saying they have entered into a national security agreement with the US government. The statement says the NSA provides that approximately $11 billion in new investments will be made by 2028. The NSA contains commitments related to governance, domestic production and trade matters. It also includes A so-called golden share to be issued to the US government. The golden share allows the US government to veto important decisions related to the management of US Steel. Japan's Economy, Trade and Industry Minister Muto Yoji says Japan believes the investment will boost the ability of Japanese and US steel industries to create new innovations and strengthen the close partnership between the countries.
Japan chief tariff negotiator holds fresh talks with US ahead of G7 summit
Japan's negotiators and tariff talks with the United States are reaching a critical point. They want to get a deal ready for next week's G7 summit, where Prime Minister Ishiba Shigeru. will meet one-on-one with Trump.Japan's chief negotiator is Economic Revitalization Minister Akazawa Ryosei.
He held a fresh round of talks in Washington on Friday with US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent . Akazawa told reporters that he and US officials further discussed expanding trade, non-tariff measures, and cooperation in economic security.
The timing right before the leaders of Japan and the United States meet at the G7 summit is important. Based on the results of the Japan-US summit talks over the phone, we had very in-depth discussions aimed at realizing a deal that benefits both countries, and we sought to find ways to agree.
He said both sides will continue to vigorously make adjustments to strike a deal. He stressed that Tokyo will remain committed to prioritizing the negotiations and make an all-out effort for a successful result.Iran launches retaliatory attacks against Israel
And Iranian forces have launched ballistic missile attacks against Israel.Both countries have reported deaths and injuries from airstrikes on each other's territory. Iran's Revolutionary Guard says it carried out ballistic missile and drone attacks against Israeli air bases and other military sites on Saturday. It says dozens of targets were hit in precision strikes. Israeli media say attacks on Tel Aviv and its outskirts left one person dead and more than 60 people injured. But the Israeli military says Iran sent less than 100 missiles and that most of them were intercepted before reaching their targets. Iran's attack was in retaliation for Israeli strikes that hit more than 100 targets, including nuclear facilities in Iran on Friday.
78 people were killed and more than 300 were injured. 2 military leaders were among those killed.
Mohammad Baradi was the Armed Forces Chief of Staff. Hossein Salami was the head of the Islamic Revolutionary Guard Corps. Iranian officials say successors are already in place.
The country's supreme leader has accused Israel of starting a war. He called the attacks a great crime and vowed retribution. Reuters say the smoke in this footage is rising from near a nuclear facility in central Iran.
Iran's state-run. TV said there could be chemical or radioactive contamination inside the facility. But officials at the International Atomic Energy Agency say radiation levels outside the complex have not risen. They say they will continue to monitor the situation.
I have repeatedly stated that nuclear facilities must never be attacked, regardless of the context or circumstances, as he could harm both people and the environment.
US news site Axios reported President Donald Trump's reaction. It quoted him as saying Israel used what he called great American equipment, and that Iran now has a stronger incentive to reach a nuclear deal. Trump used a social media post to urge leaders in Tehran to come to an agreement before they have nothing left.Indian Prime Minister Modi visits sole survivor of Air India crash
Now, Indian Prime Minister Narendra Modi has visited the site of Thursday's deadly plane crash. He met the sole survivor of the Air India jet bound for London with 242 people on board.Viswas Kumar Ramesh is British national of Indian origin. He told local media that he thought he was going to die.
I don't know about the other part of the plane. But where I landed was on the ground. I could see that there was space outside the plane, so when my door broke, I tried to escape through a little space, and I did.
The plane crashed into the dormitory of a medical college. The AP quoted a source as saying at least five people were killed on the ground and about 50 injured, and many others might still be buried under the debris. India's aviation minister says investigators have recovered the plane's black box. He says it's an important step forward and will significantly help them find out what caused the crash.
Beijing blames Japan over close encounters with Chinese jets
And Japan has expressed serious concerns over actions by Chinese fighter jets, which approached Japanese self-defense force planes last weekend, but Beijing is now pointing the finger at Japan.In a video posted on social media on Friday, a Chinese defense ministry spokesperson said Beijing had sent a stern notice to Tokyo and urged Japan to stop what he called dangerous, provocative actions. He said Japanese vessels and aircraft intentionally create safety risks by frequently approaching and obstructing Chinese military activities. Defense ministry officials in Tokyo say the fighter jets shadowed maritime Self-Defense Force patrol planes last Saturday and Sunday, coming as close as 45 meters. Japan has conveyed its concerns to China and called for steps to prevent a recurrence.
The incidents took place over the Pacific Ocean, south of Japan's main islands.
The Japanese government says it rejects China's attempts to shift the blame.
North Korean leader instructs production of more artillery shells
And North Korean leader Kim Jong-un has visited a munitions enterprise and called for boosting production of artillery shells. Some experts estimate that 60% of the ammunition Russia is using to attack Ukraine is made in North Korea.Saturday's edition of the ruling Workers' Party newspaper, Rodong Sinmun, says Kim inspected the Enterprise's factory on Friday. It says he learned about its output for the first half of this year.
The paper says Kim pointed to the need to expand production capacity more to increase output of new powerful shells suitable for modern warfare.
Last month, a multinational team reported that Pyongyang supplied Moscow with 9 million artillery rounds and other ammunition in 2024 alone. North Korean media outlets reported last month that Kim toured a munitions plant, where he also instructed a further increase in the production of shells.
And those are the top stories for this hour.
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And that's a wrap for this edition of NHK Newsline. I'm Ramin Mellegard.Thank you very much for joining us.
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