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Finance

EU agrees mineral supply targets to cut reliance on China

European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsCritical minerals law likely to enter force early 2024Deal increases ambitions on recyclingAluminium and synthetic graphite added to key mineralsBRUSSELS, Nov 13 (Reuters) - Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China.The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy...
Money

EU’s 20 billion euro plan for Ukraine military aid hits resistance

A view shows residential buildings heavily damaged by permanent Russian military strikes in the front line town of Avdiivka, amid Russia's attack on Ukraine, in Donetsk region, Ukraine November 8, 2023. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via REUTERS/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine is meeting resistance from EU countries and may not survive in its current form, diplomats say.Josep Borrell, the EU's foreign policy chief, proposed in July that...
Banking

Russia’s depleted workforce threatening economic growth, says central bank

Pedestrians walk past the Central Bank headquarters in Moscow, Russia, August 15, 2023. REUTERS/Shamil Zhumatov/File photo Acquire Licensing RightsThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 9 (Reuters) - Russia's depleted labour force is causing acute labour shortages and threatening economic growth, Central Bank Governor Elvira Nabiullina said on Thursday, as Moscow pumps fiscal and physical resources into the military.Russia's military production focus as it prosecutes what it calls a "special military operation" in Ukraine is pulling funds away from...
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