Bloomberg The Japanese conglomerate Hitachi Ltd confirmed it will halt work on its nuclear power project in the UK, delivering a blow both to its ambitions to export more of its technology and Britain’s effort to revive its atomic industry. The company will book a loss of about 300 billion yen ($2.8 billion) after suspending indefinitely its plans to build …

Bloomberg The Trump administration’s decision to keep issuing oil drilling permits during the government shutdown is putting those authorisations in legal jeopardy, environmentalists argued in a filing. The Bureau of Land Management has already violated a federal spending law and legal requirements for public consultation by issuing at least 153 drilling permits since the shutdown began on December 22, WildEarth …

Bloomberg Five US refiners either significantly reduced or totally replaced purchases of Venezuelan crude in 2018, and more may follow suit as president Donald Trump mulls new sanctions against the South American nation. Royal Dutch Shell Plc and Phillips 66 haven’t processed Venezuelan crude in their US refineries since the US imposed financial sanctions against the country and its oil …