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Macron, on UAE visit, announces new French aircraft carrier
French President Emmanuel Macron said on Sunday he had given the official go-ahead to replace his country's flagship, the nuclear-powered Charles de Gaulle aircraft carrier. Also nuclear-powered, the new carrier will be far larger than the current flagship.
China's rare earths El Dorado gives strategic edge
Buried in the reddish soil of southern China lies latent power: one of the largest clusters of crucial rare earths is mined around the clock by a secretive and heavily guarded industry. Since then, China has taken advantage of its natural reserves -- the largest of any country -- to dominate processing and innovation in the field.
Brazil's Lula asks EU to show 'courage' and sign Mercosur trade deal
Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union to show "courage" and sign a trade deal with the South American Mercosur bloc. "Without political will and courage on the part of leaders, it will not be possible to conclude negotiations that have dragged on for 26 years," Lula said in his opening speech at the Mercosur summit in Foz do Iguacu.
Beetles block mining of Europe's biggest rare earths deposit
As Europe seeks to curb its dependence on China for rare earths, plans to mine the continent's biggest deposit have hit a roadblock over fears that mining operations could harm endangered beetles, mosses and mushrooms. No rare earth deposits are currently being mined in Europe.
Musk wins US court appeal of $56 bn Tesla pay package
A Delaware appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested $56 billion Tesla pay package, reversing an earlier judgment in the long-running case.
Mercosur meets in Brazil, EU eyes January 12 trade deal
Representatives of the South American Mercosur bloc met in Brazil Friday, as EU diplomatic sources said a long-delayed trade deal may now be signed on January 12. Several diplomats in Brussels told AFP the EU was working towards a signature on January 12 in Paraguay, which is set to take over leadership of Mercosur from Brazil in 2026.
US Fed official says no urgency to cut rates, flags distorted data
A key US Federal Reserve official said Friday that he sees no need to rush to cut interest rates further, adding that challenges with data collection likely distorted recent inflation numbers. Asked how the inflation data influences his view on the path of interest rates, he said that monetary policy is well-positioned for officials to gather more information.
Rome to charge visitors for access to Trevi Fountain
Tourists will have to pay a two-euro entrance fee to get close to Rome's famous Trevi Fountain, which draws vast crowds daily, Mayor Roberto Gualtieri said on Friday. Entrance to the other five sites will cost five euros.
French court rejects Shein suspension
A French court on Friday rejected the state's request to suspend Shein's site in France as "disproportionate" after the Asian e-commerce giant removed illicit products sold on its platform. The state's request that Shein "at a minimum" maintain the suspension of its marketplace, which hosts products sold by third-party vendors, was not granted.
AFP
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