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Steel industry braced for fresh crisis as US tariff fears grow

British and European steel makers are bracing for a fresh crisis in the industry unless the US backs down from its protectionist stance and extends an exemption on import tariffs. The US granted temporary relief to European producers from 25pc tariffs on steel and 10pc levies on aluminium as Donald Trump, the US president, introduced the measure in a move widely seen as targeting imports from China. However, the exemption runs out on Tuesday. Wilbur Ross, the US commerce Secretary, said over the weekend that administration planned to extend the relief to some countries, but not all, and refused to …read more […]

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T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) – T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

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IT'S OFFICIAL: T-Mobile and Sprint are coming together to form a $146 billion new company to take on Verizon and AT&T

It’s official: T-Mobile and Sprint are merging, with the combined company valued at $146 billion. Current T-Mobile chief executive officer, John Legere, will serve in that same role for the merged entity, which will also retain the T-Mobile name. The deal will likely draw close scrutiny from antitrust regulators, considering how difficult the Trump adminstration has made approval for AT&T and Time Warner’s attempted merger. …read more […]

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T-Mobile agrees to acquire Sprint

(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in an all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers.

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Comey Questions Trump’s Credibility and House Republican Report

Comey, whom Trump fired in 2017 after less than four months in the White House, said on NBC’s “Meet the Press” that it might not be wise for Trump to agree to an interview with Special Counsel Robert Mueller in his investigation. “I have serious doubts about his credibility,” Comey said of the president. …read more […]