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Bloomberg The possible replacement of the UK’s aging nuclear reactor fleet may offer China’s ambitious atomic power companies an outlet for investment and technology. That could be the driver behind reports over the weekend by London-based Sunday Times that state-owned China General Nuclear Power Corp “made an approach” about acquiring as much as 49 percent in eight UK nuclear power ...

Bloomberg Political and business leaders gathering for an economic conference in southern France over the weekend called on the European Union (EU) to flex its muscles and save a world trade system disrupted by US President Donald Trump as tariff wars escalate among the US, Europe and China. “If tomorrow, there were to be new hikes of tariffs on other ...

Bloomberg New homes built in the UK will soon be required to have charge points for electric vehicles, according to the government’s Road to Zero report released on Monday. “It is our intention that all new homes, where appropriate, should have a charge point available,” it said. “We plan to consult as soon as possible on introducing a requirement for ...

Bloomberg Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of US regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year. The state-owned shipping giant signed a national security agreement with the US on July 6 to dispose of the Long Beach facility to a ...

Bloomberg The pound climbed to the strongest level in almost a month on optimism that a crisis engulfing UK Prime Minister Theresa May’s government won’t spiral into a leadership challenge. Sterling gained against both the dollar and the euro in London trading as traders judged the resignation of Brexit Secretary David Davis would make a soft exit from the EU ...

Bloomberg Daimler halted deliveries of a type of diesel engine for trucks as a precautionary measure, after the company said it found issues that could lead to emissions “slightly” exceeding nitrogen oxide limits under certain conditions. The Stuttgart-based company reported its findings to Germany’s Federal Motor Transport Authority (KBA) at the end of June, and is in a “constructive dialog” ...

Everywhere one looks these days, it seems global norms are und-er assault. From South China Sea to Eastern Europe, longstanding international rules of the road — concepts such as non-aggression, freedom of navigation and self-determination — are being flagrantly flouted or subtly ero- ded. Ideas, like democracy and respect for human rights, that seemed to have become incontestably dominant are ...

The world’s publicly listed utilities employed 3.7 million people, had a third of a trillion dollars in capital expenditures, and brought in $2.2 trillion in revenue in 2017. Power supply is an enormous industry. It’s also an industry that would still be recognisable to utility executives from a century ago. Delivery of electricity, natural gas and water will remain part ...

If you’re a foreign bidder bent on a controversial takeover of a UK company, you can do worse than use the playbook Softbank Group Corp turned to when it acquired chip designer Arm Holdings in 2016. Start with a knock-out offer the target just can’t refuse, and pay in cash rather than your own wobbly shares. With the board on ...

The next time an analyst tells you that China stocks look cheap, take it with a grain of salt. In Asia’s biggest economy, key accounting metrics such as return on equity are dead. Mainland shares are among the worst in the region, with the CSI 300 Index down 16 percent since January despite its members averaging double-digit revenue growth and ...