Morning in brief: US and China to battle over rare earths

The US and China are set to go head-to-head in a case brought before the World Trade Organisation over export controls on rare earths.

US

The US and China, two of the world’s largest economic powers, are to clash on export controls over rare earths, used to produce a number of high-tech goods, writes the Financial Times.

Europe

Andrew Tyrie, chairman of the Treasury Select Committee, has called for Greece to exit the euro, according to the Daily Telegraph.

The call comes as the spotlight falls on Spain and growing pressure to make fresh cuts to its deficit, Bloomberg reports.

UK

A survey by recruitment firm Manpower has revealed that more firms are likely to hire than to make staff cuts in 2012 as economic sentiment shifts, reports the BBC.