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The Latest Breaking News from DfC

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Reason

The US backs a South Africa project to extract rare earths despite a diplomatic clash

A U.S.-backed project in South Africa aims to extract rare earth minerals from industrial waste as part of a Trump administration priority to reduce reliance on China

The Independent UK

Firing Government DEI Executive Didn't Violate First Amendment

From Judge Dabney Friedrich (D.D.C.) Wednesday in Jewell v. Jagadesan, which generally seems correct to me: In December 2022, Jewell… The post Firing Government DEI Executive Didn't Violate First Amendment appeared first on Reason.com.

Reason

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read the most diverse news in one place.

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Fortune

Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again

Solving the insurance and security issues is massive so long as Iran can still strike tankers.

Fortune

Uzbekistan and US formalise joint investment mechanism in Washington

Ahead of the first meeting of Trump’s Board of Peace, President Shavkat Mirziyoyev travelled to Washington to launch a joint investment mechanism and new sectoral agreements in energy, critical minerals, irrigation and agro-industry.

Euronews

Ukraine-Russia war latest: Trump says conflict could lead to world war and Putin ‘has really let me down’

The UK prime minister said the two countries are working together to put pressure on Vladimir Putin to get him to agree to a peace deal with Ukraine

The Independent UK

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US To Set $5 Billion Critical Minerals Fund

The United States is preparing to launch a $5 billion fund to secure supplies of critical minerals. The fund would be set up through the U.S. International Development Finance Corporation (DFC) in partnership with New York–based investment firm Orion Resource Partners, with both parties committing at least $600 million, alongside…

Benzinga

Nintendo Switch 2 is arguably "the most important product launch in video game history," analysts say, who reckon it will have sold 100 million in its first 5 years

DFC Intelligence thinks the Switch 2 could result in Nintendo "becoming the primary partner for third-party game publishers"

GamesRadar

Here’s Why $80 Games Won't Be The New Norm After The Switch 2 Launch

An industry analyst says the high price of entry for the Nintendo Switch 2 won't be enough to dampen its popularity.

Inverse

Market research firm says either Sony or Microsoft will "struggle" with their next-gen consoles as Nintendo will be "the clear winner"

This town ain't big enough for the three of us

GamesRadar

Nintendo Switch 2 could end the console wars forever, claim experts

Either Sony or Microsoft could be forced to concede the console wars after Nintendo Switch 2 is released.

US invests $553 million in Gautam Adani’s Sri Lanka port to curb China’s influence

NEW DELHI: The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia.

The Times of India

US plans to build a $553 million terminal at Sri Lanka's Colombo port in rivalry with China

The U.S. has announced plans to launch a $553-million project to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing

The Independent UK

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The Guardian - UK

Northern Ireland libraries can no longer afford to buy books

A funding shortfall means the country’s library service will operate with reduced hours, and is ‘unable to purchase new books or take requests at present’

The Hindu

U.S. agency approves USD 425 million financing for Tata Power’s solar cell, module manufacturing plant in T.N.

DFC approves USD 425M financing for Tata Group's 4.3GW solar cell/module plant in Tirunelveli. Plant to create 2,000 jobs, majority of which will be women from local areas. Facility to integrate advanced tech, implement industry 4.0 standards. Financing to support India's renewable energy manufacturing, 500GW clean energy target by 2030.…

The Independent UK

Rishi Sunak condemns n-word slur found in official DWP document

Exclusive: Tory MP says officials should ‘hang heads in shame’ after paperwork scrapped following investigation by The Independent

The Independent UK

DWP guidance on benefit assessments forced to be withdrawn over n-word slur

Deeply offensive racist term used in DWP benefits guidelines since 2010 – and only removed after Independent investigation

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news in one place.

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The National (Scotland)

'Time to move on' - Rangers hero Gregory Vignal leaves Dundee youth coaching role

Gregory Vignal has left his role as a youth coach at Dundee.

Belfast Live

Ards and North Down Council goes against its own policy over funding to orange lodges

Alderman says orange order "welcomes everybody" to its events

Belfast Live

Decision on Derry and Strabane councillors' pay rise deferred

Members agreed that it was inappropriate for councillors to be voting to award themselves a pay increase, particularly during a cost of living crisis

Belfast Live

Christmas benefits Northern Ireland : Department for Communities issues statement on payment dates

Christmas Day falls on a Sunday this year

Belfast Live

Northern Ireland councils set for social supermarket funding talks

The facilities will provide food products discounted up to 70% for people affected by the cost of living crisis.

Belfast Live

Newry Mourne councillor pleads for ‘ring-fenced’ cash for social supermarkets to be released

"We are looking at some of the most difficult economic times for local families who would greatly benefit from the social supermarket"

Belfast Live

Gortgonis: New Coalisland sports facilities facing 'major trouble' amid funding row

The Gortgonis Health and Wellbeing Hub project’s future is now in serious doubt, according to some local representatives

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