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PRAGUE NEWS INDEX28 / 20 09 2026

English-language Prague and Czech political, civic and cultural news.

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Business

Chronological file / page 02

014Business

Commerce Department backs USA Rare Earth with $1.6B package to build ‘mine-to-magnet’ supply chain

The U.S. Commerce Department is investing in USA Rare Earth through a proposed $1.6 billion package that includes $277 million in direct funding and a $1.3 billion senior secured loan, in exchange for an equity stake and warrants. The move is part of a broader effort to reduce dependence on China for rare-earth processing and strengthen domestic supply chains for manufacturing and national security. USA Rare Earth plans projects in Texas and Oklahoma to support a vertically integrated path from mining to magnet production.

022Business

Davos agenda strained by Greenland tensions as leaders weigh trade retaliation

At the World Economic Forum in Davos, tensions tied to the U.S.-Europe standoff over Greenland spilled into economic discussions, reviving fears of an escalating tariff fight. The focus has shifted from big-picture growth and investment to immediate questions about trade retaliation, uncertainty, and market stability.