logo
Britain Is Learning an Old Lesson on Nuclear Power

Britain Is Learning an Old Lesson on Nuclear Power

Bloomberg16-06-2025
If you've ever had the pleasure of assembling Ikea furniture, then you've learned something about big infrastructure projects. The first Billy bookcase is a nightmare of fumbled screws and baffling instructions. The second goes a little smoother. The third is a breeze.
This is effectively what happens with nuclear power plants. But it's taken the UK 70-odd years to take that lesson on board.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support
Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support

Yahoo

time5 minutes ago

  • Yahoo

Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support

By Brendan O'Boyle MEXICO CITY (Reuters) -Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos' (Pemex) credit rating to 'BB' from 'B+' on Tuesday, removing its positive watch status and citing strengthened government support, the agency said in a statement. WHY IT'S IMPORTANT The upgrade to BB, while still below investment grade, reflects the government's efforts to try to stabilize Pemex, the world's most indebted energy company, beset for years by financial and operational challenges. CONTEXT This week, Mexico placed $12 billion in a debt offering in an effort to ease Pemex's short-term financial pressures and support debt refinancing. President Claudia Sheinbaum's administration has pledged to boost oil production while maintaining government backing for the state oil firm. Despite the financial infusion, Pemex still faces operational risks due to declining oil production, underinvestment, and environmental concerns. BY THE NUMBERS Pemex reported this week that its financial debt was $98.8 billion as of June 2025. The recent $12 billion debt offering covered $9.5 billion in debt obligations due in 2025 and 2026. KEY QUOTE Mexico's actions "signal stronger government oversight and improved decision-making," Fitch Ratings said, referencing this week's debt offering as well as debt ceiling adjustments that strengthened Pemex's linkage to the sovereign. WHAT'S NEXT Fitch said future upgrades for Pemex could be a result of additional government support, a sovereign rating increase for Mexico, or an "irrevocable guarantee from Mexico's government to sustainably cover more than 75% of Pemex's debt." Sign in to access your portfolio

Bad news flurry, IPO market, crypto dive: Market takeaways
Bad news flurry, IPO market, crypto dive: Market takeaways

Yahoo

time5 minutes ago

  • Yahoo

Bad news flurry, IPO market, crypto dive: Market takeaways

Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton goes over the main themes from the trading day: the flurry of bad news with tariffs and jobs data, the return of the initial public offering (IPO) market with Figma's (FIG) public debut, and crypto's risk-market dive. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Related videos Europe's most expensive city revealed, as living costs near £3,500 per month Britain's gas imports surge as Miliband abandons North Sea How much do you need in an ISA to target a £5,000 monthly passive income? My Legal & General shares are suddenly being shorted! Should I worry? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support
Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support

Yahoo

time35 minutes ago

  • Yahoo

Fitch upgrades Pemex's credit rating to 'BB', citing stronger government support

By Brendan O'Boyle MEXICO CITY (Reuters) -Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos' (Pemex) credit rating to 'BB' from 'B+' on Tuesday, removing its positive watch status and citing strengthened government support, the agency said in a statement. Shop Top Mortgage Rates Your Path to Homeownership Personalized rates in minutes A quicker path to financial freedom WHY IT'S IMPORTANT The upgrade to BB, while still below investment grade, reflects the government's efforts to try to stabilize Pemex, the world's most indebted energy company, beset for years by financial and operational challenges. CONTEXT This week, Mexico placed $12 billion in a debt offering in an effort to ease Pemex's short-term financial pressures and support debt refinancing. President Claudia Sheinbaum's administration has pledged to boost oil production while maintaining government backing for the state oil firm. Despite the financial infusion, Pemex still faces operational risks due to declining oil production, underinvestment, and environmental concerns. BY THE NUMBERS Pemex reported this week that its financial debt was $98.8 billion as of June 2025. The recent $12 billion debt offering covered $9.5 billion in debt obligations due in 2025 and 2026. KEY QUOTE Mexico's actions "signal stronger government oversight and improved decision-making," Fitch Ratings said, referencing this week's debt offering as well as debt ceiling adjustments that strengthened Pemex's linkage to the sovereign. WHAT'S NEXT Fitch said future upgrades for Pemex could be a result of additional government support, a sovereign rating increase for Mexico, or an "irrevocable guarantee from Mexico's government to sustainably cover more than 75% of Pemex's debt." Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store