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Business
US is reviving shuttered nuclear plants to meet growing electricity demand and to power data centers
The United States is making an unprecedented attempt to revive three shuttered nuclear plants to meet growing demand, especially from data centers. No commercial nuclear reactor is known to have resumed generating electricity after beginning the decommissioning process that removes one from service. However, some reactors have restarted after long outages. The federal government is lending as much as $4.4 billion to restart power plants in Michigan, Pennsylvania and Iowa. The plants all closed before their licenses expired, largely because their electricity was considered too expensive. Two of the plants have contracts to power data centers. The Trump administration is pushing hard to deploy nuclear power.
Business
France’s summer wildfires could cost insurers up to 563 mln euros
Summer wildfires in France have led to around 22,500 insurance claims with potential losses up to 563 million euros. This follows France’s hottest summer on record, leading to damaging fires in several regions.
Business
Why is China buying up gold?
Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.