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France mulls new uranium plant to cut reliance on Russia

  Bloomberg French state-controlled uranium producer Orano SA is considering growing its capacity to enrich the radioactive ore into nuclear fuel by almost 50% as Western governments and utilities seek to reduce their reliance on Russia since its attack on Ukraine. The war is “reviving the urgency” to raise Western uranium-enrichment capacity to avoid potential shortages, Orano said, according to ...

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Kim Jong-un’s silence as missiles fly shows strategy shift

Bloomberg North Korea’s latest barrage of missiles may look like another attempt to ratchet up hostilities in return for some sort of leverage at the bargaining table. But the launches over the past two weeks seem different. Unlike previous provocations, his regime has mostly refrained from trumpeting the missiles along with the usual creative vitriol directed at the US and ...

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World currency reserves fall by $1trn in record drawdown

  Bloomberg Global foreign-currency reserves are falling at the fastest pace on record, as central banks from India to the Czech Republic intervene to support their currencies. Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003. Part of the decline — more than ...

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