Czech power company CEZ signs deal with Britain’s Rolls-Royce SMR to build modular nuclear reactors

Czech power company CEZ signs deal with Britain’s Rolls-Royce SMR to build modular nuclear reactors

PRAGUE — The Czech power company CEZ signed a deal Tuesday with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors. Under the agreement, CEZ will acquire a 20% share in Rolls-Royce SMR for which it will pay several billion Czech crowns (hundreds of millions of dollars). CEZ … Read more

TikTok founder becomes China’s richest man

TikTok founder becomes China’s richest man

The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person. According to a rich list produced by the Hurun Research Institute, Zhang Yiming, is now worth $49.3bn (£38bn) – 43% more than in 2023. The 41 year old stepped down from his role in charge of … Read more

Hiltzik: Trump’s cabal of billionaires

Hiltzik: Trump’s cabal of billionaires

They’re hedge fund operators, cryptocurrency and AI promoters, scions of and heirs to family fortunes, and others who have it all and want to keep it all. They’re the billionaires who have lined up to support Donald Trump’s reelection campaign with tens of millions of dollars, even hundreds of millions, in donations. The eye-catching torrent … Read more