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Ukraine sees solar power as Chernobyl’s future

  AFP Imagine one of the largest solar farms ever at the site of the world’s worst man-made nuclear disaster that struck Chernobyl in modern-day Ukraine and sowed panic across Europe. That is the grand vision of Ukrainian Environment Minister Ostap Semerak, backed up by big-time investors such as the European Bank for Reconstruction and Development (EBRD). The Chernobyl catastrophe ...

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China’s imports plunge 12.5pc in July

  Beijing / AFP China’s economy, the world’s second largest, struggled in July with a worse-than-expected trade performance as imports plunged 12.5 percent year-on-year, Customs said. Imports fell to $132.4 billion, data showed, as weaker global commodity prices and lacklustre domestic demand weighed on purchases. The drop in imports was significantly larger than expectations for a 7.0 percent fall, the ...

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South Korea’s credit rating raised one level to AA by S&P

  Bloomberg South Korea’s credit rating was increased one level by Standard & Poor’s, which cited the nation’s steady economic performance, sound fiscal position and flexible fiscal and monetary policies for the improvement. S&P said it raised the long-term credit rating for South Korea to AA from AA- with a stable outlook, the agency’s third-highest rating. This follows an upgrade ...

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