Portuguese lithium mine passes key environmental hurdle

A proposed lithium mine in Portugal has passed a key environmental hurdle, in a boost to European efforts to secure supplies of a vital material for electric vehicle batteries. London-listed Savannah Resources said on Wednesday that the Portuguese regulator has issued a positive declaration of environmental impact for its Barroso lithium mine, which has a … Read more

The idiocy of food price controls — uncut

In a world of grey investment research, Clive Black is a rapid-firing confetti cannon. Today, Shore Capital’s garrulous vice-chair and head of consumer research has some thoughts on the UK government’s plan to encourage supermarkets to cap the price of food staples.  With Shore’s permission we reproduce his note almost in full. The text has … Read more

Entain faces fine over Turkish gaming business

Ladbrokes owner Entain has revealed it expects to be hit by a large fine by UK authorities over historic corporate misconduct at its former Turkish online gaming business. Entain said on Wednesday it expected an investigation by the UK tax authority and the public prosecutor to result in a “substantial financial penalty”, but it said … Read more

Chinese factory activity contracts as economic recovery stumbles

China’s factory activity has contracted for a second consecutive month, while growth in the service sector slowed, adding to signs of a slackening post-pandemic recovery in the world’s second-largest economy. The official manufacturing purchasing managers’ index came in at 48.8 for May, compared with 49.2 in April, according to the National Bureau of Statistics. The … Read more

Discounters get discounted | Financial Times

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Any market excitement about the (putative) resolution of the debt ceiling showdown was short lived. US stocks opened strong yesterday and faded to flat. Bond yields fell a bit … Read more

In discovering eerie abandoned places

Now 11 years since Roman Vion (Romain Veillon) has started visiting abandoned places around the world. He decided to take a selfie in the most memorable part of these places every time he got the chance to keep the memory of that place and the experience of visiting it. Roman says that since the abandoned … Read more