LABOUR MINISTER MEETS GHANA Counterpart
LABOUR MINISTER MEETS GHANAIAN COUNTERPART
Minister of Labour HE Dr. Ali bin Samikh Al Marri met with Minister of Labour, Jobs, and Employment of Ghana Abdul-Rashid Hassan Pelpuo on the sidelines of the conference on the future of the Fair Recruitment Initiative in Geneva on Monday. The meeting discussed aspects of joint cooperation between the two countries in the labour sector and ways to enhance them. (QNA)
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Al Jazeera
24-05-2025
- Al Jazeera
US Steel shares soar on Trump's apparent blessing for deal with Nippon
United States President Donald Trump has expressed support for Nippon Steel's $14.9bn bid for US Steel, saying their 'planned partnership' would create jobs and help the US economy. Shares of US Steel soared 21 percent on Friday after Trump's comments as investors interpreted the president's post on Truth Social to mean Nippon Steel had received his approval for its long-planned takeover, the last major hurdle for the deal. 'This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the US Economy,' Trump said in a post on Truth Social on Friday. This week, the Reuters news agency reported that Nippon Steel has said if the merger is approved, it would invest $14bn into US Steel's operations, including up to $4bn in a new steel mill. Trump added that the bulk of that investment would occur in the next 14 months and said he would hold a rally at US Steel in Pittsburgh next Friday. Nippon Steel said it applauded Trump's decision to approve the 'partnership'. The White House did not immediately reply to questions about the announcement. US Steel share price kept rising after hours and reached $54, just shy of Nippon Steel's $55-per-share offer price made in late 2023. While no details were released, investors expressed confidence that terms will be similar to those agreed in 2023. Investors said that eventually US Steel will no longer be publicly traded and they will receive a cash payout for their shares. The deal has been one of the most highly anticipated on Wall Street after it morphed into the political arena with fears that foreign ownership would mean job losses in Pennsylvania, where US Steel is based. It factored into last year's election that saw Trump return to the White House. Pennsylvania Senator Dave McCormick, who also called the deal a 'partnership', on Friday said it was a 'huge victory for America and the US Steel Corporation', that will protect more than 11,000 Pennsylvania jobs and support the creation of at least 14,000 more. The last pieces of the deal came together surprisingly fast. The Committee on Foreign Investment in the US (CFIUS), which reviews deals for national security risks, told the White House this week that the security risks can be addressed, Reuters reported, moving the final decision to Trump's desk. Following an earlier CFIUS-led review, former President Joe Biden blocked the deal in January on national security grounds. The companies sued, arguing they did not receive a fair review process. The Biden White House rejected that view. The companies argued Biden opposed the deal when he was running for re-election to win support from the United Steelworkers union in the battleground state of Pennsylvania. The Biden administration had defended the review as essential to protecting security, infrastructure and supply chains. Trump also initially opposed the deal, arguing the company must be owned and operated in the US. The United Steelworkers were against the deal as recently as Thursday when they urged Trump to block the deal despite the $14bn investment pledge from Trump. For investors, including prominent hedge funds, the news spells relief after more than a year of waiting for a resolution. 'There were huge high-fives all around today,' one recent investor said, adding, 'We understood Donald Trump's psyche and we played it to our advantage here.' Investors said Trump appears to have won ground after the pledge for new investments was increased. 'This deal ensures that steelmaking will live on in Pittsburgh for generations,' another investor said.
Qatar Tribune
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QNA Doha The Cabinet has approved the Minister of Labour's draft decision setting fees for work permits, worker recruitment, and certification of seals, certificates, and other documents. The draft decision was prepared with the aim of alleviating the financial burden on private sector companies and institutions by reducing fees and exempting some of them. The Cabinet, chaired by Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, took the decision on Wednesday. At the outset of the meeting, the Cabinet commended the outcomes of His Highness the Amir of the State of Qatar Sheikh Tamim bin Hamad Al Thani's official talks with President of the United States of America HE Donald Trump during his visit to the State of Qatar on May 14-15. The Cabinet affirmed that the historic visit and the extensive talks that took place, the agreements, memoranda of understanding, and joint declaration of cooperation signed between the governments of the State of Qatar and the US, represent a milestone in the path of the strong strategic relations between the two countries and their investment partnership. It also constitutes a new impetus for the constructive cooperation existing between them in many fields, in a way that achieves the common interests of the two friendly countries and peoples, and promotes security, peace, and stability in the region and around the globe. The Cabinet welcomed the outcomes of the 34th ordinary session of the Council of the League of Arab States at the Summit Level, held on May 17 in the Iraqi capital, Baghdad, with the participation of HH the Amir. The Cabinet expressed its hope that the summit's outcomes would contribute to strengthening Arab solidarity and joint action, particularly in light of the challenges facing the Arab nation, most notably the murder, starvation, siege, and plans to displace the Palestinian people in the Gaza Strip, which calls for an immediate cessation of hostilities in Gaza and the guarantee of urgent humanitarian aid access to the territory. The Cabinet then approved a draft law amending some provisions of the Law on Combating Money Laundering and Terrorism Financing issued by Law No 20 of 2019, and referring the draft law to the Shura Council. The draft law was prepared with the aim of enhancing the effectiveness of the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) to achieve its objectives and carry out its missions. The Cabinet also approved a draft Cabinet decision amending some provisions of the executive regulations of the Law on Combating Money Laundering and Terrorism Financing issued by Cabinet decision no 41 of 2019. The Cabinet decided to approve a draft Cabinet decision regarding the tax advantage associated with capital gains arising from restructuring within a single group. The draft decision, prepared by the General Tax Authority, aims to keep pace with the best international practices in the field of taxes, and contribute to economic and social development. The Cabinet also decided to approve a draft air services agreement between the Government of the State of Qatar and the Government of the Republic of Honduras. The Cabinet reviewed the Shura Council's proposals regarding regulating the procedures for domestic workers' departure from the country and took the appropriate decision in their regard.
Qatar Tribune
19-05-2025
- Qatar Tribune
LABOUR MINISTER MEETS GHANA Counterpart
LABOUR MINISTER MEETS GHANAIAN COUNTERPART Minister of Labour HE Dr. Ali bin Samikh Al Marri met with Minister of Labour, Jobs, and Employment of Ghana Abdul-Rashid Hassan Pelpuo on the sidelines of the conference on the future of the Fair Recruitment Initiative in Geneva on Monday. The meeting discussed aspects of joint cooperation between the two countries in the labour sector and ways to enhance them. (QNA)
