The EU on Wednesday presented a multi-billion-euro plan to help curb the 27-nation bloc's dependence on China for rare earths, as Beijing's stranglehold on the critical materials threatens key industries. Brussels also wants to curb exports of scrap and waste from permanent magnets -- made from rare earths and widely used in industry -- as of next year, to boost recycling within Europe.
South Africa's biggest mobile operator Vodacom said Thursday it had agreed to take control of East Africa's largest telecoms firm, Safaricom, in a deal worth $2.1 billion. Safaricom, one of East Africa's largest companies, was awarded a licence in 2021 to operate in Ethiopia, becoming the first private telecommunications provider in the tightly controlled nation of more than 110 million people.
The fallout from the shutdown of Serbia's only oil refinery could last years, experts told AFP, putting thousands of jobs and the state's budget at risk -- as well as exposing the country to further sanctions.
Gucci, Prada, Versace and Yves Saint Laurent are among 13 luxury brands suspected of using subcontractors who exploited Chinese workers in Italy, according to documents issued Thursday by a Milan prosecutor.
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