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16.03.26 - 02:24
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China Shares May Take Further Damage On Monday (AFX)
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BEIJING (dpa-AFX) - The China stock market has moved lower in back-to-back sessions, slipping almost 40 points or 1 percent in that span. The Shanghai Composite Index now sits just beneath the 4,1......
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16.03.26 - 02:03
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Slow Progress Pushes Trump Admin To Talk With Westinghouse Rivals (ZeroHedge)
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Slow Progress Pushes Trump Admin To Talk With Westinghouse Rivals
In a stunning pivot that could upend Westinghouse's monopoly-in-progress, the Trump administration's Department of Energy is quietly shopping for alternatives to Westinghouse's AP1000 flagship reactor. According to Canary Media, high-ranking DOE officials have held recent talks with executives from GE Vernova Hitachi Nuclear Energy (GVH) and South Korean diplomats representing state-owned Korea Electric Power Corp. (KEPCO) about potential federal financing for gigawatt-scale reactors.
In the last 2 months, China has started construction on another 8 nuclear reactors bringing the total to 38. The US meanwhile issues press releases and strongly worded LOIs https://t.co/TJ6BoMghNk pic.twitter.com/S7ETmszBSS
— zerohedge (@zerohedge) February 5, 2026
This comes as negotiations with Westinghouse's majority owner, Brookfield Asset Management, drag on slowly, frustrating utilities who still crave cost-overrun insurance the governm...
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16.03.26 - 01:36
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Hopes of AI monetisation to boost China tech stocks amid war, market scares (SCMP)
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Chinese technology stocks are gaining momentum as they emerge largely unscathed from the US-Iran conflict and artificial intelligence “scare trades”, with agentic AI breakthroughs like OpenClaw sparking fresh monetisation hopes, according to investment experts.
Global markets have been hit in recent weeks by an oil-price shock linked to the war in the Middle East, as well as an AI-driven sell-off over fears the technology could wipe out white-collar jobs.
However, Chinese tech stocks remained......
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