The US government is set to acquire a 10% stake in Oklahoma-based USA Rare Earth, as part of Trump administration’s $1.6 billion investment. The package is aimed towards supporting the firm to develop a local mine and magnet production facility, according to two sources familiar with the deal.In addition to this government-backed investment, USA Rare…
An explosion at a nursing home in Pennsylvania left residents trapped as emergency crews rushed to rescue potential victims of the fire.The blast occurred on Tuesday around 2 pm (local time) at the Silver Lake Nursing Home in Bristol Township, around 30 minutes northeast of Philadelphia. Authorities and first responders described the incident as a…
Russian President Vladimir Putin, left, and Prime Minister Narendra Modi (AP photo) NEW DELHI: India and Russia on Friday agreed to intensify their bilateral efforts for implementing different climate actions under global goals approved on multilateral forums such as the UN Convention on climate change and its Paris Agreement.The statement, issued after the meeting between…
Watchdog FATF hails ED’s asset recovery efforts NEW DELHI: The Financial Action Task Force (FATF) acknowledged India’s efforts in recovering public assets lost to financial crimes, highlighting a money laundering case where land confiscated by the Enforcement Directorate (ED) was identified for the construction of a new airport that would serve the public.The acknowledgment comes…