IlluMyFi

Two crew members from Ursa Major are missing and 14 have been rescued, Russian foreign ministry says

An engine room explosion sank a Russian cargo ship called Ursa Major in the Mediterranean Sea between Spain and Algeria and two of its crew are missing, the Russian foreign ministry has said.

The vessel, built in 2009, was controlled by Oboronlogistika, a company that is part of the Russian defence ministry’s military construction operations, which had previously said it was en route to the Russian far-eastern port of Vladivostok with two giant port cranes lashed to its deck.

Sentiment

-0.51

Bearish/Bullish

24.12.24 04:00

by theguardian.com

UK must be less dependent on China for critical minerals, says thinktank

Exclusive: Labour Together urges government to ‘de-risk’ supply chains by working with other countries

The UK must become less dependent on China for critical minerals, an influential thinktank has concluded before a government strategy decision in the spring.

In a report on rare earth minerals, which are essential components for hi-tech products from mobile phones to missiles, Labour Together said ministers should “de-risk” supply chains and reduce reliance on China by building partnerships with other countries.

China