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London finds no easy answers post once-in-a-decade blackout

Bloomberg When two UK power plants shut down almost simultaneously in London’s first major blackout for a decade, it triggered a storm of questions about how to avoid another failure. As National Grid Plc, the regulator Ofgem and plant operators investigate what happened, last week’s failure underlined the need to bolster an electricity grid increasingly fed by intermittent flows from ...

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UK commuter train fares set to rise 3%

Bloomberg After cancelations, delays and strikes, British train commuters are bracing for another kick in the teeth: fare hikes. Rail users could be looking at an increase of almost 3% in the cost of travel, based on inflation data set to be announced on Wednesday. Last month, a number of services were cancelled because of record temperatures, with many train ...

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China-US trade tensions becoming more ominous

Donald Trump sold himself to the American public as an expert deal-maker. At the top of his list was a promised trade bargain with China that would boost US exports and remedy some of the more egregious exa-mples of discrimination against American firms. It isn’t working as planned. To the contrary: The ensuing trade war between the United States and ...

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