South Koreas Hyundai Steel will invest $5.8 billion along with Hyundai Motor Group to build a steel plant in the U.S. state of Louisiana with an annual capacity of 2.7 million tonnes, the company said in a regulatory filing on Tuesday.Hyundai Steel shares initially jumped more than 5% on the news but reversed early gains to end 7% lower as U.S. President Donald Trump praised the companys plan.Hyundai Steels proposed new U.S. steel plant is part of Hyundai Motor Groups plan to invest $21 billion in the United States, which was announced by the South Korean companys chairman with Trump at the White House on Monday.The move is seen as an effort by Hyundai to shield itself from U.S. tariffs on steel and cars, but it is not clear whether this will help secure exemptions for Hyundai and South Korea.Trump has threatened to impose reciprocal tariffs on numerous countries on April 2, potentially targeting South Korea that has a large trade surplus with the United States.Shares of Hyundai Motor and affiliate Kia Corp, which are expected to source steel from the proposed factory, rallied. Hyundai Motor shares ended up 3.3% after rising as much as 7.5% to their highest since October 2024. Kia closed up 2.1%.Analysts have, however, expressed concerns about how Hyundai Steel, which has billions of dollars in debt, would fund the construction of the factory. There are also execution risks associated with the new technology of using electric furnaces to produce automotive steel, they said.It is not clear whether the investment will benefit Hyundai Steel in the future, said Lee Tae-hwan, an analyst at Daishin Securities.Hyundai Steel said it will cover half the costs, with the remainder invested by its parent company and other investors.The factory, which will make automotive steel, will be constructed from 2026 to 2029, the company said.Hyundai Steel is an affiliate of automakers Hyundai Motor and Kia Motors which have factories in the United States.Hyunjoo Jin and Jihoon Lee, Reuters

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Aqara is a leading manufacturer of Apple Home-compatible goods, and it is offering big discounts just in time to help replace your aging tech while spring cleaning.Aqara has great offers for your spring smart home upgrades. Image source: AqaraSmart home veterans or first-time buyers can benefit from the range of accessories offered by Aqara. They're especially useful thanks to the availability of a Matter-connected Aqara hub that brings everything into a single ecosystem.If you're deeply invested in HomeKit devices and have everything mapped to scenes in the Home app, Aqara integrates great there too. Those that don't use Apple Home can still benefit from Aqara devices because they can work via Google Home, Alexa, or the Aqara app. Continue Reading on AppleInsider

The European Union appears to be ruling that the alternative browser selection on iPhone is adequate, and Apple may not be fined under the Digital Markets Act.As well as updating default browser choices, EU users will have more control over default apps such as Messages, Photos, and CameraThe investigation into browser choice on iPhone and iPad that started in March 2024 may be coming to a close soon. According to a report by Reuters on Tuesday morning, the investigation is expected to close the week of March 31, with Apple not being fined.Apple implemented browser choice in January 2024, expecting European regulation. However, how Apple implemented the change was found lacking, as it promoted Safari above other options. Continue Reading on AppleInsider | Discuss on our Forums