(Reuters) -China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector.
The quotas are closely monitored as a barometer for the global supply of rare earths, a group of 17 elements used in electric vehicles, wind turbines, robots and missiles. China is the world's largest... (continue reading...)
By Makiko Yamazaki
TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent told Japanese Prime Minister Shigeru Ishiba that their countries can reach a "good agreement" on tariffs, Ishiba said on Friday after meeting Bessent at his office in Tokyo.
Ishiba added that while no specific terms were discussed, such as the 25% tariff U.S. President Donald Trump has said he will impose on Japan from August, he asked Bessent to continue "active talks"... (continue reading...)
(Reuters) -U.S. President Donald Trump's plan to convert Alcatraz back into a maximum-security prison could cost roughly $2 billion, Axios reported on Friday citing administration sources.
Alcatraz was closed as a maximum-security prison in 1963 after 29 years of operation, because it was too expensive to continue operating. Trump previously said he would order the long-shuttered facility, now operated as a historical site in San Francisco Bay, to once... (continue reading...)
BEIJING (Reuters) -China's commerce ministry called on Canada to correct the "wrong practice" of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms.
Ottawa this week introduced a tariff rate quota for countries with which it has free trade agreements, excluding the U.S., and imposed additional tariffs on steel imports from all countries... (continue reading...)
WARSAW (Reuters) -Polish companies feared business conditions were getting worse in the second quarter, with rising costs of raw materials and supplies seen as the most important barriers to growth, the central bank said.
However, the impact of those factors was clearly decreasing, as was the impact of other barriers such as changing regulations, high taxes and fees, or high labour costs, the National Bank of Poland said in a survey published on Friday on... (continue reading...)
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux faces tough European market as Q2 underlying profit disappoints
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
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Electrolux Q2 profit rises more than expected as it outperforms market in North America
