#china-rare-earth-export-controls

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#russia-war-economy #european-defence-spending #defence-technology-and-innovation #us-government-shutdown
fromFortune
2 weeks ago

Europe's defence wake-up call: why innovation can't wait | Fortune

Russia's war economy has reached a staggering scale that should alarm every European leader. Between 2022 and 2024, Moscow allocated at least $263 billion to defence outlays - approximately 7% of GDP annually - transforming a massive portion of its economy into a military-industrial complex on a scale that is unprecedented since the Cold War. Meanwhile, China just tightened its grip on rare earth exports, giving Beijing the power to potentially veto European defence production.
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US politics
fromFortune
3 weeks ago

Global selloff underway as traders sour on U.S. government shutdown and doubts about Fed rate cut schedule grow | Fortune

Global markets weakened as a prolonged U.S. government shutdown, Chinas rare-earth export controls, and fading Fed cut expectations hit investor sentiment.
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