World battles to loosen China’s grip on vital rare earths for clean energy transition

By Ernest Scheyder and Eric Onstad (Reuters) – Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world’s two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple’s…

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Ukrainians forced to become Russian citizens, US-backed research finds

By Anthony Deutsch AMSTERDAM (Reuters) -Ukrainians living in Russian-occupied territory are being forced to assume Russian citizenship or face harsh retaliation, including possible deportation or detention, U.S.-backed research published on Wednesday said. Yale University researchers said that as part of a plan by Moscow to assert authority over Ukrainians, residents of the Luhansk, Donetsk, Kherson…

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JP Morgan CEO says capital regulations are disappointing, will curb lending

NEW YORK (Reuters) – JPMorgan CEO Jamie Dimon said on Wednesday bank regulators risk making mortgages and small-business loans less affordable with the capital raises proposed by the Federal Reserve and the FDIC. In an interview with CNBC, Dimon said regulators are drafting rules “without any forethought of the consequences and very little calibration,” and…

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J&J talc cancer plaintiffs want 6-month ban on further bankruptcy filings

By Dietrich Knauth NEW YORK (Reuters) – Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged a U.S. judge to temporarily block the company from seeking bankruptcy protection for a third time for its talc subsidiary. J&J’s attempt at resolving thousands of cancer lawsuits…

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World Bank, ‘alarmed’ by events in Niger, pauses disbursements

By Kanishka Singh and Andrea Shalal WASHINGTON (Reuters) -The World Bank on Wednesday said it was “alarmed” by efforts to overthrow the democratically elected government in Niger, and had suspended disbursements in the African country until further notice, except for private-sector partnerships. Niger has one of the largest World Bank portfolios in Africa, amounting to…

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Stocks drop, Treasury yields edge up after Fitch downgrades US

By Lawrence Delevingne (Reuters) -Global stocks slumped on Wednesday, while Treasury yields ticked up and the dollar gained, as investors digested an unexpected downgrade of the United States’ top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience. While shares lost ground, investors showed little sign of panic after Fitch…

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