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Shunned by US, Europe courts India over trade and security
Shunned by US, Europe courts India over trade and security
Business and Economy
by  AFP

The EU's top team is to embark on an "unprecedented" visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States. The trip is the latest sign of a Brussels push to diversify ties away from the United States and position itself as a reliable partner for others looking to do business.

Nauru sells citizenship to fund climate change mitigation
Nauru sells citizenship to fund climate change mitigation
Business and Economy
by  AFP

Pacific microstate Nauru is selling citizenship to fund its retreat from rising seas, President David Adeang told AFP, opening a contentious "golden passport" scheme as other climate financing runs dry. - Golden passports - Existing climate funding efforts are "not sufficient" to address the challenge, said Edward Clark, who runs Nauru's new Economic and Climate Resilience Citizenship Program.

Leading rare earths miner sees profits fall as prices sag
Leading rare earths miner sees profits fall as prices sag
Business and Economy
by  AFP

One of the world's largest rare earths producers outside China reported slumping net profits Wednesday, pointing to a "challenging" market for the hard-to-source metals used in renewable energy technologies. It bills itself as the "world's only significant producer of separated rare earth materials outside China".