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• Northland analysts have initiated a buy rating on USA Rare Earth as the U.S. pursues rare earth independence from China. • The move reflects broader geopolitical efforts to establish domestic supply chains for critical materials essential to technology and defense sectors. • Rare earth elements are vital for electronics, renewable energy, and military applications, making supply chain security a strategic priority.

Partner of soldier accused of war crimes says the couple discussed possibility of moving overseas to ‘create some normalcy in our lives’Get our breaking news email, free app or daily news podcastBen Roberts-Smith was planning to leave Australia to live overseas and had a business class flight out of the country booked in four days’ time when he was arrested at Sydney airport this month, court documents allege, with investigators telling a court “his willingness to return to Australia to face prosecution cannot be judged”.Roberts-Smith was ultimately granted bail last week under strict conditions, a move opposed by prosecutors who said there was potential concern he was a flight risk and might try to avoid ever having to face trial for a series of alleged murders he committed in Afghanistan. Continue reading...

Exclusive: Internal concerns over allowing US firm linked to ICE and Israeli military to process highly sensitive data The Metropolitan police has held talks with Palantir that could lead to the London force buying the US spy-tech company’s AI technology to automate intelligence analysis for criminal investigations, the Guardian has learned.Palantir, whose software is used by Donald Trump’s ICE immigration enforcement programme and the Israeli military, demonstrated its systems to senior officers in the intelligence division at the UK’s largest police force last month. Intelligence staff have been tasked with finding intelligence systems that AI could automate to increase productivity. Continue reading...

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. Continue reading...

Ministers hope tobacco and vapes bill, which will become law next week, will create a ‘smoke-free generation’A bill banning anyone born after 2008 from buying tobacco in the UK has completed its progress through parliament in a move that ministers hope will create a “smoke-free generation”.Under the tobacco and vapes bill anyone born on or after 1 January 2009 will never be able to be legally sold tobacco across the UK, in an effort to save lives and reduce the burden on the NHS. Continue reading...

ACT independent David Pocock is calling for a 25% tax on gas exports to fund welfare and housing. Follow today’s news liveGet our breaking news email, free app or daily news podcastLabor should use the proceeds of limiting tax concessions for property investors and a crackdown on gas export profits to fund welfare increases and build housing, charities and social service groups say.Ahead of next month’s federal budget, the Albanese government is under pressure to wind back negative gearing rules and the 50% capital gains tax discount for property investments, and to tax more of the profits from soaring commodity exports, pushed up by the global energy shock.People on the lowest incomes are skipping meals, delaying medical care and rationing energy just to get by.Frontline services are operating at capacity, facing growing demand and increasingly complex needs. Current policy settings are not meeting the needs of our communities – it’s clear that significant and sustained public investment is essential. Continue reading...

UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in StocksbridgeBusiness live – latest updatesUK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue.Norwegian-owned Blastr is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire. Continue reading...

Barratt Redrow blames effects of Iran war, and likely impact on mortgage rates and costs, for further reductionBritain’s largest housebuilder is planning to dramatically cut back on buying new land, blaming the impact of the conflict in the Middle East and putting Labour’s ambitious housebuilding target under more pressure.Barratt Redrow said that it intends to approve between 7,000 and 9,000 plots of land for purchase in its current financial year, far lower than previous guidance of between 10,000 and 12,000. Continue reading...