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The Japanese company notes that the project was frozen due to a lack of investment and economic inexpediency. Simultaneously with the stop of construction, the assets in the amount of 300 billion yen will be debited from Horizon Nuclear Power Limited - the company that developed the project in North Wales. Loss of the company in the 2018 fiscal year after the write-off of assets is estimated as “extraordinary”. The new nuclear power plant on the Isle of Anglesey in New Wales was supposed to replace the operation of Wilf, which ceased in 2015. Hitachi bought Horizon Nuclear Power in 2012 for $1.1 billion. The parties to the deal expected that the first reactor of the new NPP would start operation in the 2020s. The construction of nuclear power plants is the second such case in the UK. At the current stage of construction, freeze of the project will lead to the loss of jobs for 400 people.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
On Wednesday, Bursa Malaysia (KLSE) suspended public trading for low-cost carrier AirAsia Group Berhad (AIRA.KL) after an Ernst & Young external auditor gave an opinion about the airline’s ability to continue as a standing concern. “The ...
Australia is set to launch its fourth economic stimulus package aimed at providing eligible residents the opportunity to renovate their homes. The scheme was announced by Prime Minister Scott Morrison on Thursday as the country attempts ...
Wells Fargo & Co (WFC), one of the biggest lenders for new and used car purchases in the United States, announced on Tuesday that it would stop accepting loan applications to a majority of its independent car dealer clients due to economic ...
WASHINGTON - A group of thirty two U.S. states have a message for the world’s leading online platforms: “You are not doing enough to stop unreasonable pricing in the midst of the coronavirus crisis.” In a letter sent on Wednesday ...
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