Latest Nationalization News

Israeli airline El Al reaches bailout deal with government

Jul. 6, 2020 1:44 PM EDT

TEL AVIV, Israel (AP) — Israeli airline El Al said Monday it had reached a bailout deal with the Israeli government that could lead to its nationalization after being crippled by the coronavirus pandemic. The airline had been in talks on a rescue package for weeks after suffering from the steep decline in...

Mexican official hit after call to nationalize lithium mines

Jun. 24, 2020 4:51 PM EDT

MEXICO CITY (AP) — Mexico’s largest union group is criticizing calls by the environment secretary to nationalize the country’s newly-discovered lithium deposits, considered among the largest in the world. The Mexican Workers Federation, known as the CTM, claimed the nationalization proposal...

FILE - In this Sept. 27, 1951 file photo, Prime Minister Mohammad Mosaddegh rides on the shoulders of cheering crowds in Tehran's Majlis Square, outside the parliament building, after reiterating his oil nationalization views to his supporters. The U.S. ambassador to Iran mistakenly told the shah in 1953 that Britain's newly enthroned Queen Elizabeth II backed a plan to overthrow the country's elected prime minister and America maintained the fiction even after realizing the error, historians now say. (AP Photo, File)

Cables: US falsely said British queen backed 1953 Iran coup

Jun. 12, 2020 9:26 AM EDT

DUBAI, United Arab Emirates (AP) — The U.S. ambassador to Iran mistakenly told the shah in 1953 that Britain's newly enthroned Queen Elizabeth II backed a plan to overthrow the country's elected prime minister and America maintained the fiction even after realizing the error, historians now say. The...