European Union institutions claim that mining is subject to the highest environmental and social standards in the world. However, this notion is unfounded for several reasons. In the case of the Barroso Mine, the method proposed for the tailings dam is illegal in Brazil, Chile, Ecuador, and Peru... Moreover, the company proposes that this dam which is permanent be located less than 1km from the river, which would be illegal even in China.
European Union institutions claim that mining is subject to the highest environmental and social standards in the world. However, this notion is unfounded for several reasons. In the case of the Barroso Mine, the method proposed for the tailings dam is illegal in Brazil, Chile, Ecuador, and Peru... Moreover, the company proposes that this dam which is permanent be located less than 1km from the river, which would be illegal even in China.
That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. For Oleksandra Tsekhanovska, head of the Hybrid Warfare Analytical Group at the Kyiv-based Ukraine Crisis Media Center, the effects are both near- and far-reaching. The news also helped traders look past another report showing decades-high inflation and shake off some of the volatility from recent sessions. The Bureau of Labor Statistics' February Consumer Price Index (CPI) this week showed another surge in prices even before Russia escalated its attacks in Ukraine. The headline CPI — soaring 7.9% over last year — underscored the sticky inflationary pressures reverberating across the U.S. economy, with everything from groceries to rents and airline fares getting more expensive for everyday consumers. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. Stocks closed in the red Friday as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on U.S. consumer sentiment.
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