Exclusive-EU set to choose firm for critical minerals joint buying platform

By Eric Onstad LONDON (Reuters) – The European Union, rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, is choosing between eight bidders vying to develop a platform, documents showed and sources with direct knowledge told Reuters. The bloc’s rationale for pooling together buying orders is that it would …

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India’s Bajaj Housing Finance posts Q2 profit rise on steady home loan demand

(Reuters) – India’s most valuable home loan financier Bajaj Housing Finance posted a 21% rise in its second-quarter profit on Monday as demand for credit remained robust. The company, a unit of non-bank lender Bajaj Finance, reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest. …

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Libya’s eastern parliament approves new central bank board of directors

BENGHAZI (Reuters) – The presidency of Libya’s eastern-based parliament approved on Monday the appointment of a new board of directors of the central bank, after a new governor and his deputy were agreed last month, a parliament spokesman said. Spokesman Abdullah Belhaiq posted the decision on social media platform X. The decision shows that the …

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EU joins up with venture capital firms to boost region’s tech sector

BRUSSELS (Reuters) – The European Union said on Monday it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’s tech sector is lagging the United States and China. The initiative, dubbed by the EU as the “Trusted Investors Network”, comes as …

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Russia hits Kyiv with drone attacks for second night in a row, Ukraine says

KYIV (Reuters) -Russia attacked the Ukrainian capital Kyiv with several waves of drones for the second night in a row, damaging residential buildings and injuring at least one civilian, Ukrainian officials said on Monday. Two civilian were killed and 15 were injured in a separate ballistic missile attack on Zaporizhzhia in southeastern Ukraine on Monday …

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India considers imports of Mongolian coking coal via Russia, source says

By Neha Arora and Mayank Bhardwaj NEW DELHI (Reuters) – India is exploring ways to import regular supplies of Mongolian coking coal by way of Russia, a senior government official with direct knowledge of the matter said, as New Delhi seeks to avoid over-reliance on transit through China. Mills in India, the world’s second-biggest producer …

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China urges Japan to maintain ‘mutually cooperative, non-threatening’ ties, says Wang Yi

BEIJING (Reuters) – China hopes Japan will work with it to maintain a “mutually cooperative and non-threatening” positioning between the two countries, Chinese Foreign Minister Wang Yi told Japan’s national security adviser Takeo Akiba on Monday. During a phone call, Wang expressed hope that Japan’s new cabinet would bring a fresh outlook, and that China-Japan …

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