FirstFT: Britain wants to remove China General Nuclear Power from its nuclear power projects

China Update

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The British government is exploring Abolish China’s state-owned nuclear energy company According to people familiar with the matter, funding from all future power projects in the UK, including the consortium’s plan to build a new £20 billion Sizewell nuclear power plant in Suffolk.

The change in the mood of the top government has also affected China General Nuclear Power’s (CGN) proposal to use its own reactor technology to build a new plant in Bradwell-on-Sea, Essex, and raised questions about the UK’s future nuclear energy plans.

In recent years, the relationship between London and Beijing has been chilling due to the treatment of dissidents and Uyghur minorities in China’s suppression of Hong Kong’s dissidents and the handling of the initial Covid-19 outbreak in Wuhan.

British Foreign Secretary Dominic Raab said last year that Britain can no longer “business as usual” with Beijing. The most high-profile action so far is the government’s decision to force Chinese telecommunications equipment manufacturer Huawei to withdraw from the UK’s 5G network.

There are five more stories in the news

1. SoftBank Vision Fund bets on a loss of 4 billion U.S. dollars in Didi The Vision Fund paid $11.8 billion for a 20.1% stake in Didi Chuxing, a taxi app in 2019. Now worth $7.8 billion After China’s regulatory pressure hit Didi’s business prospects, its market value was almost halved.

2. Credit Suisse Settlement Spy Case Credit Suisse has Solved one of the most explosive disputes In its history, it reached an out-of-court agreement with former star wealth manager Iqbal Khan to prepare for the first quarterly performance under the new chairman Antonio Horta Osorio on Thursday.

3. U.S. legislators are about to reach an agreement on a $1 trillion infrastructure bill A group of centrist U.S. senators Race to reach a final agreement Regarding the text of Sunday’s $1 trillion bipartisan infrastructure package, funding for public transportation has become a key sticking point, and Joe Biden’s comprehensive economic agenda has led to increased tensions.

  • More U.S. political news: Robert Moses was a civil rights activist in the 1960s who led black voter registration activities in the southern United States. Died on Sunday. (Associated Press)

4. China ignores pressure from the United States to change its behavior As the US Deputy Secretary of State Wendy Sherman said, Ready to fly to China Weekend, beijing Impose sanctions The tit-for-tat blow to seven Americans illustrates the bleak state of U.S.-China relations.

5. Worrying G20 meeting on new climate goals G20 environment ministers pledge to adopt new climate targets in the next three months The arduous summit in Naples Sometimes it seems to be on the verge of collapse.At the same time, extreme weather uses climate change models “Out of scale”.

Coronavirus Digest

  • AstraZeneca admits to start Covid-19 vaccine production in 2019 Siam Biosciences, Thailand once “complex”, But stated that its goal is to supply as many as 5 to 6 million doses to Thailand each month.

  • Japanese company Shionogi started the first human experiment Pill once a day Treat Covid-19 patients.

  • U.S. health officials Discussing Tighten the mask guidance In the case of a surge in coronavirus infections related to the Delta variant, it has provided assistance to vaccinated Americans.

  • Ibiza Hope for summer party Crash Because of the surge in infections. (“Financial Times”, “Wall Street Journal”)

Surprisingly, Covid’s chaos still exists. Tim Harford overview Five counterintuitive truths can easily exceed our understanding. register For us Coronavirus business update Newsletter and through our Live blog.

The days to come

AstraZeneca’s EU deadline Today is the deadline for AstraZeneca to fulfill its contractual obligations, that is, to supply the first 15 million of the 50 million vaccines ordered by the European Union. The company will have to pay 10 euros for each undelivered dose, but this will not be the end of the matter. Tom Braithwaite explained.

income Tesla, Hasbro, LVMH, Philips Electronics, Ryanair and Tata Motors are among the companies that announced their results on Monday.Click here to view our Complete list.

Olympic Games The men’s triathlon will be held today, with the participation of British players Jonathan Brownlee and Alex Yi. On Monday, skaters will also participate in women’s street skateboarding competitions.Catch up with us Summary from day 2 And add ‘Tokyo Olympics‘Go to myFT to learn about the latest developments in the Olympic Games.

What are we still reading

How Osaka Naomi became the spokesperson of the Tokyo Olympics Years of training, planning and marketing reached a climax on Sunday Tennis debut at the Osaka Olympics, In which she easily defeated China’s Zheng Saisai 6-1, 6-4. The first round of the competition was held less than 48 hours after the Olympic flame was lit in Osaka. This is perhaps the most symbolic role the host country has given its citizens.

Climate change and the future of food In some areas, high temperatures and droughts are threatening the cultivation of certain crops, causing people to worry about food security.But in other places, warming has allowed growers to Cultivate new crops and new varieties In the past few decades, it has been difficult to produce profitably.

  • View: There are only 100 days left before COP26. It is vital for all countries, especially the richest countries, to fulfill the promises of the Paris Agreement. Christina Figueres wrote, Former climate director of the United Nations.

South Africa calculates the cost of the worst unrest since apartheid When President Cyril Ramaphosa took office in 2018, he promised to reverse the sluggish economy, and people had high hopes for Durban’s revival.But the A huge civil unrest broke out After former President Jacob Zuma was imprisoned, KwaZulu-Natal was hit hard, and Hamasdale had the most obvious impact on the economy.

Since the delivery of the Dreamliner is still stopped, Boeing has a headache For the past two years, Boeing has relied on its Dreamliner, a popular wide-body aircraft, to achieve sales after the 737 Max was grounded in two fatal crashes.But now the table becomes Worrying signs For American aircraft manufacturers.

The game is still very open 2021 has brought considerable challenges to professional fund managers, but there is also a less serious pursuit: the annual Financial Times Stock Selection Contest. This contest of cunning, wit and old-fashioned luck has been going on for six months, and now it’s time to see how FT hackers and 700 smarter readers formed.

Work and career

As more and more companies experiment with mixed work styles, PwC believes that there will be an increase in demand for tools that can check employee benefits in real time and see if subscriptions to meditation apps, for example, really make a difference. But it’s easy to abuse these insights, Pilita Clark wrote.

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