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Retail traders take on hedge funds in Europe’s answer to ‘meme stock’ mania

A handful of European stocks have become a battleground for retail traders taking on hedge fund short sellers, in a campaign with echoes of the “meme stock” craze that gripped Wall Street during the Covid-19 pandemic. Companies including Germany’s Hensoldt and Renk Group and French satellite business Eutelsat have surged in recent weeks, far outstripping…

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China raises state funding for strategic minerals amid US trade war

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China is boosting state support for domestic minerals exploration as policymakers increase efforts to achieve President Xi Jinping’s ambition for resource self-sufficiency amid intensifying competition with the US. Over the past year, at…

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