According to two sources with knowledge of the situation, the French government is prepared to spend more than 8 billion euros ($8.05 billion) to regain full control over the power company EDF (EDF.PA). The agreement is expected to be finalized in the fourth quarter. EDF and the ministry of the economy declined to comment. According … Read more
EDF is essential to France’s nuclear plan. The government is relying on to mitigate the effects of skyrocketing energy prices. The cost of power for the French people won’t change as a result of the nationalisation of EDF. According to government spokesman Olivier Veran, the planned nationalisation of French power company EDF (EDF.PA) won’t raise … Read more
Asian and European shares rebounded Friday on China’s hobby fee reduction, after sinking the day gone by on fears that sky-high inflation could spark an international downturn. “Markets had been seeking out an excuse to dance, and a China rate reduce provided the motive,” IG analyst Chris Beauchamp informed. “It isn’t much when set against the broader … Read more
PARIS: Shares in French energy giant EDF plunged on Friday, after a series of blows for the state-controlled firm including shutdowns at nuclear plants, government orders to sell cut-price power and a financial warning. Tumbling by more than 21 per cent in mid-morning trading in Paris, EDF’s stock massively undershot the CAC 40 index of … Read more
KARACHI: Pro-Rector of the National University of Technology (NUTECH) Maj Gen Khalid Jawed expressed the determination and resolve to set up NUTECH campus in Karachi, a statement said. There was no lack of will or energies for setting up NUTECH University campus in Karachi, which when established, would certainly prove beneficial for the industries in … Read more
