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Huge US lithium mine gets govt approval: company
Huge US lithium mine gets govt approval: company
by  AFP

An enormous lithium mine in the Nevada desert has been granted final government approval, the company that has the concession said Thursday, in a project it predicts will quadruple US production of a mineral critical to the renewable energy revolution.

UK govt changes budget rules to borrow more for investment
UK govt changes budget rules to borrow more for investment
by  AFP

UK finance minister Rachel Reeves announced Thursday changes to fiscal rules to open up billions for investment in the centre-left government's maiden budget, but warned of tax rises and spending cuts. Reeves confirmed that "taxes will need to rise" in the budget, without revealing many details on which taxes will be included.

Sales of new US homes at highest level in over a year
Sales of new US homes at highest level in over a year
by  AFP

Sales of new homes in the United States last month exceeded analyst expectations Thursday, logging the fastest pace in more than a year on the back of cooler mortgage rates. The rate was higher than a consensus of analysts expected.

American Airlines reports loss on costs from new labor contract
American Airlines reports loss on costs from new labor contract
by  AFP

American Airlines reported a loss Thursday on costs connected to a new labor contract, but described travel demand as solid as it lifted its full-year earnings forecast. American lifted its full-year profit forecast to between $1.35 and $1.60 per share, compared with the earlier range of 70 cents to $1.30 per share.