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EU business lobby head says China rare earths snag persists
EU business lobby head says China rare earths snag persists
by  AFP

European firms still face challenges in securing access to crucial rare earths from China, a business lobby warned Wednesday, despite a July deal to speed up exports. Following a tense summit in July hosted by Beijing, European Union chief Ursula von der Leyen said that leaders had agreed to an improved mechanism for Chinese exports of rare earth minerals to the bloc.

US Fed set for first rate cut of 2025 as Trump pressure looms
US Fed set for first rate cut of 2025 as Trump pressure looms
by  AFP

The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks. Since its last cut in December, the Fed has held interest rates at a range between 4.25 percent and 4.50 percent.

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