Author: Press Room
You can enable subtitles (captions) in the video player Bigger isn’t always better. And when it comes to nuclear power, smaller scale reactors are generating plenty of interest among governments keen to ramp up atomic energy production to help them achieve net zero targets. Supporters claim that Small Modular Reactors, or SMRs, are safer, cheaper, faster, and easier to build than large scale plants. Pre-fabricated in controlled factory environments, standardised designs are intended to be cheaper to mass produce at scale, making additions or spare parts easier to access and bolt on. Because they’re small they can be transported to…
© Reuters. FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Asian stocks have made a hesitant start to the week, while gold hit a new peak and Treasuries ran into profit-taking on their recent stellar gains. Oil failed to sustain an early rally that followed news of attacks on commercial shipping in the…
2/2 © Reuters. FILE PHOTO: The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. Picture taken July 3, 2016. REUTERS/Jason Reed/File Photo 2/2 By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -A Brookfield-led consortium’s $10.6 billion bid for Origin Energy collapsed on Monday after shareholders voted it down, leaving Australia’s largest power retailer open to other investors coming in to fund its energy transition plans. The votes were 31.08% against the bid with 68.92% in favour, according to presentation materials shown to investors, lower than the 75% threshold required for a takeover to proceed.…
Pioneer Municipal High Income Advantage Fund, Inc. declares $0.0275 dividend
Never Back Down, the top super Political Action Committee supporting Florida Republican Gov. Ron DeSantis’ campaign for president, has fired its interim chief executive officer after less than two weeks on the job.The super PAC confirmed to Fox News Digital that Kristen Davison is out as interim CEO, just a week and a half after she replaced Chris Jankowski.The news comes after former Nevada Attorney General Adam Laxalt resigned last week as Never Back Down board chairman. In his resignation letter to the board, Laxalt said he is turning his attention to his family and law practice but that he…
Richard Adkerson, CEO of Freeport McMoRan, looks on during Summit Address and Invitation to APEC … [+] Peru 2024 at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. The APEC Summit takes place through November 17. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty Images Freeport-McMoRan stock currently trades at $37 per share, about 28% below its pre-inflation shock high of about $52 seen on March 27, 2022. Freeport is one of the world’s largest producers of copper and copper prices have been subdued this year,…
© Reuters. The National Bank of Canada (OTC:) reported robust earnings per share of $2.44 for Q4 2023 and $9.60 for the full year, marking a 7% growth in pre-tax pre-provision earnings compared to the previous year. Despite a contracting Canadian economy, the bank’s diversified business mix, disciplined approach to credit, capital, and cost management, and strong performance across segments position it well for 2024. Key takeaways from the call include:The bank reached its target dividend payout ratio range of 40% to 50% and achieved a return on equity of 16.8%.The Personal and Commercial Banking segment and Wealth Management had…
American Christians are more likely to be skeptical about artificial intelligence and are particularly apprehensive about using generative AI in church services, according to a recent survey.Just over a quarter of Christians (28%) surveyed by Barna this fall said they were hopeful about AI development, while 39% of self-identified non-Christians said the same. Only a fraction of Christians surveyed agreed that “AI is good for the Christian Church,” according to the Barna survey, conducted through a consumer research panel. Just 22% said they agreed AI would be positive for the church, while 30% strongly disagreed and 21% said they somewhat disagreed.The…
The Air Force said it’s embarking on a “Franken-bird” project to salvage two damaged F-35s.The plan is to match parts from the two fighters to create one fully operational F-35.The project is a first in the F-35 program, with experts from Lockheed Martin called in to assist. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The US Air Force on Thursday said its engineers in Utah are trying to restore two damaged F-35s by rebuilding them into one fully operational stealth fighter.While military engineers have…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi Arabia’s $700bn Public Investment Fund is buying a 49 per cent stake in Sir Rocco Forte’s luxury hotel group and planning to double the chain’s size over the next five years with new hotels in the Middle East, Italy and the US.The deal, announced on Monday, values Forte’s group of 14 hotels across Europe at £1.2bn and implies an enterprise value, including debt, of £1.4bn, according to people familiar with the details. As part of the deal, Italian sovereign wealth fund…