logo
UK Green-Lights £14 Billion for Sizewell C Nuclear Plant

UK Green-Lights £14 Billion for Sizewell C Nuclear Plant

Bloomberg5 hours ago

The UK will invest £14.2 billion ($19.2 billion) to help build the Sizewell C nuclear plant, saying the reactor will help deliver 'a golden age' of abundant clean energy.
The proposed plant in Suffolk has been on the drawing board for more than a decade, and the funding announced Tuesday comes on top of billions of pounds already pledged during its development. The eventual price tag for construction may surpass £40 billion.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

London-listed Spectris soars 20% on fresh takeover interest from Advent
London-listed Spectris soars 20% on fresh takeover interest from Advent

Yahoo

time33 minutes ago

  • Yahoo

London-listed Spectris soars 20% on fresh takeover interest from Advent

-- Shares of Spectris PLC (LON:SXS) surged by over 20% in London trading following a Bloomberg News report that private equity firm Advent is considering a takeover of the UK-based precision and testing equipment maker. The potential acquisition comes as Spectris shares had previously dropped about 18% this year, valuing the company at around £2 billion ($2.8 billion). Spectris, which employs 7,600 people across more than 30 countries, specializes in developing high-tech instruments, testing equipment, and software for various industries, including life sciences, automotive, electronics, and semiconductors. Asia is a significant market for Spectris, contributing to about 36% of its revenue last year, with Europe and North America following closely. This news of potential acquisition interest comes after a failed takeover attempt by Bain Capital and Advent International in 2018, which was abandoned amid the political uncertainties brought on by Brexit. Under the leadership of CEO Andrew Heath, Spectris has been streamlining operations since 2018, focusing on its core business in the scientific and dynamics divisions. This strategic shift followed a decline in first-quarter sales due to weakened demand in key sectors such as automotive and semiconductors. Despite the challenging market conditions, Spectris has been optimistic about mitigating the impacts of tariffs and achieving strong growth in adjusted operating profit by 2025. Related articles London-listed Spectris soars 20% on fresh takeover interest from Advent AppLovin would be more valuable without its 1P games, Morgan Stanley argues Morgan Stanley downgrades Lululemon on weak US growth outlook

US, China set for second day of trade talks in London
US, China set for second day of trade talks in London

Yahoo

timean hour ago

  • Yahoo

US, China set for second day of trade talks in London

STORY: The U.S. and China are set for a second day of trade talks in London on Tuesday. A Washington team led by Treasury Secretary Scott Bessent is negotiating with a Chinese contingent helmed by Vice Premier He Lifeng. They are meeting at the ornate Lancaster House in the UK capital. Back in the U.S., Donald Trump said there were signs of progress: "We are doing well with China. China is not easy. I think we are doing very well. They are over there now, I'm only getting good reports.' The talks come amid mounting fears over what a trade war means for global growth. Figures out the day before showed Chinese exports to the U.S. slumping by more than a third in May. Besides tariffs, the key issues in London include China's curbs on exports of rare earths. That's become a huge concern for manufacturers, with the minerals vital to all sorts of products. Reuters has reported that Beijing has now granted rare-earth licenses to suppliers for the top three U.S. automakers. But tensions remain high, with factories around the world saying they could have to halt output without continued supplies. In May, China and the U.S. did agree a temporary deal to roll back some of the tit-for-tat tariffs they imposed on each other. But the truce has looked fragile, with Trump at times accusing Beijing of violating the agreement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Google has a really weird problem at its new London HQ
Google has a really weird problem at its new London HQ

Digital Trends

time2 hours ago

  • Digital Trends

Google has a really weird problem at its new London HQ

When Google's striking new office building finally opens in London later this year, it'll be home to up to as many as 7,000 workers … and possibly a few foxes, too. The cunning creature has taken up residence on the building's 300-meter-long rooftop garden and its unexpected occupation has been an issue for the last three years, according to a Guardian report (via London Centric). Recommended Videos The expansive roof area has been filled with wildflowers and woodland plants and is supposed to be an area for Google employees to relax and enjoy a bite to eat, or maybe even dream up the next big idea for the tech giant. But the lush garden is likely to be out of bounds if the foxes are still roaming free there. 'Fox sightings at construction sites are pretty common, and our King's Cross development is no exception,' Google told the London Centric in a statement. 'While foxes have been occasionally spotted at the site, their appearances have been brief and have had minimal impact on the ongoing construction.' But the four-legged residents have reportedly been digging burrows in the carefully landscaped grounds, with some people connected with the site having seen fox poop about the place. While London is famous for fox sightings, it's not clear how the animal managed to find its way to the roof of the 11-story building, which has been under construction since 2018. The building, designed by Thomas Heatherwick Studio and Bjarke Ingels Group, features the garden as a centerpiece and is supposed to be a shared space for not only Google workers but also bees, bats, birds, and butterflies. But not foxes. With the building set to welcome workers before the end of this year, there's still time to clear the garden of the pesky animal. But with foxes known to be resourceful and highly adaptable, getting rid of them may be a greater challenge than expected.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store