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...The funds hold a stake of just over 1 per cent in the company....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...Earlier this week, the French state-owned utility announced the latest in a series of delays and cost overruns to the 3.2 gigawatt plant under construction in Somerset....
...Size is being reduced by several companies that are developing “small modular reactors” (SMRs) — a catch-all term for technologies operable on a smaller scale....
...Under EDF’s latest scenario, one of the two planned reactors at Hinkley Point C could be ready in 2029, a two-year hold-up compared with the company’s previous estimate of 2027....
...The move by CGN came after the UK government decided to limit the Chinese company’s involvement in the civil nuclear programme, including pushing it out of Sizewell C....
...The costs, lengthy timeframes, and potential risks of nuclear power mean the pool of potential investors is limited, with sovereign wealth funds or state-owned companies playing a large role in the industry...
...In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange...
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...A clear condition of the Hinkley project was that EDF would be entirely and solely responsible for the construction costs and risks, and the UK government would merely guarantee a price (subsidy-free, taking...
...It is not a direct stakeholder in all projects: in India, for example — as opposed to the British projects — the company is tendering to be a constructor but would not be implicated financially, reducing...
...Read a transcript of this episode on FT.com...
...The Milan-based tyremaker in October struck a partnership with Saudi Arabia’s Public Investment Fund for the construction of a tyre plant in the kingdom....
...Prosecutors allege that Lee, who was vice-chair of Samsung Electronics in 2015, was among a group of executives who inflated the stock price of Cheil Industries, a textile company, and devalued Samsung C...
...Rather than hurting the news companies, the internet giants have always claimed that their links deliver valuable traffic to news sites, with Google claiming its news links are worth C$250mn a year to Canadian...
...It isn’t to Airbus — the A220 only represents about 7 per cent of the company’s annual commercial aircraft revenues,” said Tusa....
...Technical and construction issues When EDF confirmed last week that the Hinkley Point C nuclear plant in Somerset, England would be delayed by at least a further two years to 2029 at the earliest, it blamed...
...The bank wants to appoint a manager that’s close to the C-suite, but the over-mighty subjects aren’t going to accept this; they want self-government....
...Following a bitterly contested trial in the High Court late last year, a judgment handed down on Monday by Mr Justice Rajah upheld PDT’s access claims across three parts of the site....
...The UK government and EDF are looking to attract external investors to build a second new plant in Britain, the planned £20bn Sizewell C project in Suffolk....
...Additional reporting by Dylan Loh A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...A consortium led by the US nuclear company Westinghouse and construction group Bechtel has proposed building a new plant there using Westinghouse’s AP1000 reactor technology....
...Typically, these are to either a) pay cash coupons; b) toggle to ‘pay’ bondholders with more debt claims, albeit with some additional penalty (even more debt claims); c) to PIK for a while then switch to...
...But Paris is pushing for a “global solution” that would also encompass funding issues at another planned UK plant, Sizewell C, said a French economy ministry official and another person close to the talks...
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