Word: nuclearization
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...technology, which produces less waste, Saulnier says Areva aims to capture one-third of the new reactor construction market by 2030. "Even though 30% of a sector is big, we think environmental concerns, and the energy needs of the world's swiftly-growing population, will fuel robust activity for nuclear power," he says...
...competition is heating up. Siemens now looks set to form a partnership with Rosatom, Russia's main nuclear-energy company and the world's second largest. The move will give the Russian firm new technological and engineering credibility, and mean another strong rival for Areva right in its own backyard. And China's push for nuclear plants is likely to presage competition from that country. "China wants the ability to build its own nuclear facilities in the future," says Nicolas Véron, a capital-markets and foreign-investment expert with Brussels think tank Bruegel. "A large part...
...among many) between the U.S. and North Korea. It also reminds his hosts that there used to be better days between the two countries. In 1994, during Clinton's first term in office, the two sides entered into the Agreed Framework, the first time Pyongyang agreed to abandon its nuclear-weapons program in return for a range of economic benefits, including the construction of two light water nuclear reactors to generate electricity for the impoverished country. In fact, it was pursuit of that agreement that set the precedent for Clinton's current trip: at a moment when it seemed...
...current mission was quite different. In addition to freedom for Ling and Lee, Clinton no doubt intended to explore ways to arrest the diplomatic downward spiral that's ensued since Obama entered the White House in January. The North has tested its second nuclear bomb (the first test was in October 2006) as well as a long-range missile and has said it has no intention of ever rejoining the so-called six-party talks - the Bush Administration's ultimately futile attempt to get the North to, in effect, re-enact the Agreed Framework of the Clinton era. (See pictures...
...Pyongyang evokes the never-ending back-to-the-future quality of dealing with North Korea. "They've repeated the same pattern over the past two decades," says Yun Duk-min of the Institute of Foreign Affairs and National Security in Seoul, a Foreign Ministry think tank. Ratchet up the nuclear tensions, declare diplomacy dead, and then hope to win even bigger concessions as talks reconvene later. But since taking office, Obama has proved no slouch at playing the game from the other side. In the wake of the nuclear test this past spring, the President dropped the rhetoric of engagement...