• BUSINESS
    • BUSINESS
    • U.S. LEGAL NEWS
    • DEALS
    • AEROSPACE AND DEFENSE
    • DATA DIVE
    • FINANCE-BANKS
    • AUTOS
    • MARKETING AND ADVERTISING
  • MARKETS
    • MARKET
    • US DOLLAR REPORT
    • COMMODITIES
    • FUNDS
    • BONDS
    • EARNINGS
    • DIVIDENDS
  • WORLD
    • WORLD NEWS
    • U.S. NEWS
    • SPECIAL REPORTS
    • MEXICO
    • BRAZIL
    • AFRICA
    • RUSSIA
    • EURO ZONE
    • MIDDLE EAST AND NORTH AFRICA
    • CHINA
    • JAPAN
    • INDIA
  • POLITICS
    • POLITICS
    • SUPREME COURT
  • TECH
    • TECHNOLOGY NEWS
    • SCIENCE NEWS
    • TOP 100 INNOVATORS
    • ENVIRONMENT
    • INNOVATION
  • COMMENTARY
    • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS
  • MONEY
    • MONEY
    • RETIREMENT NEWS
  • LIFE
    • LIFESTYLE
    • HEALTH NEWS
    • SPORTS NEWS
    • ARTS
    • ENTERTAINMENT NEWS
    • ODDLY ENOUGH
  • SECTORS
    • ENERGY
    • BASIC MATERIALS
    • INDUSTRIALS
    • CYCLICAL CONSUMER GOODS
    • NON-CYCLICAL CONSUMER GOODS
    • FINANCIALS
    • HEALTHCARE
    • TECHNOLOGY
    • TELECOMMUNICATIONS SERVICES
    • UTILITIES
WeeklyNews
  • August 11th, 2026

Financetime

  • BUSINESS
    • BUSINESS
    • U.S. LEGAL NEWS
    • DEALS
    • AEROSPACE AND DEFENSE
    • DATA DIVE
    • FINANCE-BANKS
    • AUTOS
    • MARKETING AND ADVERTISING
  • MARKETS
    • MARKET
    • US DOLLAR REPORT
    • COMMODITIES
    • FUNDS
    • BONDS
    • EARNINGS
    • DIVIDENDS
  • WORLD
    • WORLD NEWS
    • U.S. NEWS
    • SPECIAL REPORTS
    • MEXICO
    • BRAZIL
    • AFRICA
    • RUSSIA
    • EURO ZONE
    • MIDDLE EAST AND NORTH AFRICA
    • CHINA
    • JAPAN
    • INDIA
  • POLITICS
    • POLITICS
      U.S. President Donald Trump gestures during a working session at the G20 leaders summit in Hamburg, Germany July 8, 2017. Wolfgang Rattay

      Factbox: Trump on Twitter (July 11) - Mississippi crash, Olympics, Mosul

      MSNBC's Joe Scarborough and Mika Brzezinski arrive for the annual White House Correspondents' Association dinner in Washington, U.S. on April 25, 2015. Jonathan Ernst

      MSNBC host leaving the Republican party, becoming an independent

      Donald Trump Jr. (L) walks off stage with his father Republican U.S. presidential nominee Donald Trump after Trump's debate against Democratic nominee Hillary Clinton at Hofstra University in Hempstead, New York, September 26, 2016. Brian Snyder

      Among Trump associates, concern and frustration over Donald Jr. crisis

      Environmental Protection Agency Administrator Scott Pruitt speaks during an interview for Reuters at his office in Washington, U.S., July 10, 2017. Yuri Gripas

      Transcript of Reuters interview with EPA Administrator Scott Pruitt

    • SUPREME COURT
      The building of the U.S. Supreme Court is seen after it granted parts of the Trump administration's emergency request to put his travel ban into effect immediately while the legal battle continues, in Washington, U.S., June 26, 2017. Yuri Gripas

      Supreme Court lifts block on Wisconsin 'cocaine mom' law during appeal

      A family embraces each other as members arrive at Washington Dulles International Airport after the U.S. Supreme Court granted parts of the Trump administration's emergency request to put its travel ban into effect later in the week pending further judicial review, in Dulles, Virginia, U.S., June 26, 2017. James Lawler Duggan

      U.S. travel ban bars grandparents, fiances from six Muslim countries

      U.S. Chief Justice John Roberts (seated C) leads Justice Ruth Bader Ginsburg (front row, L-R), Justice Anthony Kennedy, Justice Clarence Thomas, Justice Stephen Breyer, Justice Elena Kagan (back row, L-R), Justice Samuel Alito, Justice Sonia Sotomayor, and Associate Justice... Jonathan Ernst

      Supreme Court's recent unity faces looming test

      Iranian Foreign Minister Mohammad Javad Zarif meets with Greek Prime Minister Alexis Tsipras (not pictured) at his office at the Maximos Mansion in Athens, Greece, April 23, 2017. Michalis Karagiannis

      Iran's Zarif: 'regrettable' that U.S. Supreme Court revived U.S. travel ban

  • TECH
    • TECHNOLOGY NEWS
      The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. Toru Hanai

      Toshiba regains access to credit line but tough conditions applied: sources

      A 3D printed Apple logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Dado Ruvic/Illustration

      Apple sets up China data center to meet new cyber-security rules

      A Faraday Future FF 91 electric car takes off across the stage in an exhibition of speed during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. Steve Marcus

      LeEco-backed Faraday Future moves SUV production as work halts on Las Vegas plant

      Brazilian indigenous people and representatives from google talk about the project 'I'm Amazon by Google' during the presentation of new Google Earth project in Sao Paulo, Brazil July 11, 2017. Leonardo Benassatto

      Google Earth to let users post stories, photos in coming years

    • SCIENCE NEWS

      NASA probe grazes Jupiter's clouds in brush with Great Red Spot

      Artist Heather Dewey-Hagborg poses with 3-D printed masks created from DNA extracted from cheek swabs and hair clippings she received from formerly imprisoned U.S. Army Private Chelsea Manning while she was in jail, ahead of the August 2, 2017 opening of 'A Becoming Resemblance', an exhibition at the Fridman gallery in New York City, July 7, 2017. Mike Segar

      Artist to debut 3D portraits produced from Chelsea Manning's DNA

      A volunteer checks on plants inside a simulated space cabin in which he temporarily lives with others as a part of the scientistic Lunar Palace 365 Project, at Beihang University in Beijing, China July 9, 2017. Damir Sagolj

      China tests self-sustaining space station in Beijing

      Bourbon whiskey barrels in St. Philip, Barbados December 2, 2016. Picture taken December 2, 2016. Adrees Latif

      Driving under the influence in car powered by whisky biofuel

    • TOP 100 INNOVATORS
      A sensor is seen spinning atop a Google self-driving vehicle before a presentation at the Computer History Museum in Mountain View, California, U.S., May 13, 2014. Stephen Lam

      House panel to unveil self-driving car legislation soon: aide

      The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. Toru Hanai

      Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

      Cables and computers are seen inside a data centre at an office in the heart of the financial district in London, Britain May 15, 2017. Dylan Martinez

      Foreign hackers probe European critical infrastructure networks: sources

      The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. Charles Platiau

      Apple challenges Imagination Technologies' disclosure timing

    • ENVIRONMENT
      Electric cars are seen at a parking lot of an automobile factory in Xingtai, Hebei province, China April 26, 2016. Stringer

      China could field nearly half of new electric car models by 2020: study

      Japanese Self-Defense Force soldiers conduct search and rescue operation at a damaged house caused by a heavy rain in Asakura, Fukuoka Prefecture, Japan July 9, 2017. Issei Kato

      Japanese PM Abe promises to help victims of floods; death toll up to 25

      Colorado Governor John Hickenlooper lays out his plans for the next state legislative session at a news conference in his office at the Capitol in Denver, Colorado, U.S. on December 19, 2013. Rick Wilking

      Colorado joins 'climate alliance' of states fighting global warming

      Environmental Protection Agency Administrator Scott Pruitt speaks during an interview for Reuters at his office in Washington, U.S., July 10, 2017. Yuri Gripas

      Transcript of Reuters interview with EPA Administrator Scott Pruitt

    • INNOVATION
      A sensor is seen spinning atop a Google self-driving vehicle before a presentation at the Computer History Museum in Mountain View, California, U.S., May 13, 2014. Stephen Lam

      House panel to unveil self-driving car legislation soon: aide

      The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. Toru Hanai

      Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

      Cables and computers are seen inside a data centre at an office in the heart of the financial district in London, Britain May 15, 2017. Dylan Martinez

      Foreign hackers probe European critical infrastructure networks: sources

      The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. Charles Platiau

      Apple challenges Imagination Technologies' disclosure timing

  • COMMENTARY
    • COMMENTARY
      Afghan policemen keep watch outside a Kabul mosque attacked by a suicide bomber, June 16, 2017. Omar Sobhani

      Commentary: The road to Afghanistan peace does not lie in Kabul

      U.S. troops outside their base in Uruzgan province, Afghanistan July 7, 2017. Omar Sobhani

      Commentary: Steve Bannon is right on Afghanistan

      Demonstrators and police officers at a 'Day of Rage' protest after London's Grenfell Tower fire, June 21, 2017. Marko Djurica

      Commentary: Now is the summer of Britain's discontent

      Protesters demonstrate against Benjamin Netanyahu's decision to go back on an agreement giving secular Jews equal prayer space to Orthodox worshipers at Jerusalem's Western Wall. Their placards, using the nickname for the Israeli prime minister, carried messages like 'Bibi, do not divide the Jewish People' and 'Bibi, I'm also a Jew.' July 1, 2017. Ronen Zvulun

      Commentary: Netanyahu's bad call on the Western Wall

  • BREAKINGVIEWS
    An executive prepares to take the stage during the annual Temasek Review in Singapore July 7, 2016. Edgar Su

    Temasek's garage sale highlights capital dilemma

    Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. Mike Blake

    Elliott tests one of Warren Buffett's golden rules

    The exterior of the New York Stock Exchange, March 14, 2007. Chip East

    Exchange Podcast: Jesse Eisinger

    A Deliveroo worker loads his bicycle after making a delivery in London, Britain August 15, 2016. Neil Hall

    UK's jobs review kinder to employers than workers

    Stephen A. Schwarzman, Chairman, CEO and Co-Founder of the Blackstone Group, attends a conference on Sovereign Wealth Funds at the Asia Society in New York April 14, 2008. Shannon Stapleton

    Blackstone's diversification drive circles home

  • MONEY
    • MONEY
      Senator Tom Cotton (R-AR) walks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. Joshua Roberts

      U.S. senator seeks legislation to undo ban on arbitration clauses

      Legend Holdings chairman Liu Chuanzhi attends a news conference on the company's annual results in Hong Kong, China March 30, 2016. Bobby Yip

      Exclusive: China's Legend in talks to buy stake in Luxembourg bank BIL - source

      An undated handout image of the Pretirement app home screen, showing a countdown clock to retirement. Pretirement/Handout

      Your Money: Will a countdown clock to retirement help you save?

      An undated handout image of the Venmo app home screen, showing July 4th-themed emojis. Venmo/Handout

      Your Money: Smiley faces ease the pain of asking friends for money

    • RETIREMENT NEWS
      An undated handout image of the Pretirement app home screen, showing a countdown clock to retirement. Pretirement/Handout

      Your Money: Will a countdown clock to retirement help you save?

      A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. Mike Blake

      Senate health bill would decimate long-term care coverage

      A protester holding a Puerto Rico's flag takes part in a march to improve healthcare benefits in San Juan, Puerto Rico, November 5, 2015. Alvin Baez

      Puerto Rico retirees will get bankruptcy committee: U.S. Trustee

      Senator Patty Murray (D-WA) speaks to reporters on following a policy luncheon on Capitol Hill in Washington, D.C., U.S., May 9, 2017. Aaron P. Bernstein

      Senators raise alarms about shelving retirement advice rule

  • LIFE
    • LIFESTYLE
      Brazilian indigenous people and representatives from google talk about the project 'I'm Amazon by Google' during the presentation of new Google Earth project in Sao Paulo, Brazil July 11, 2017. Leonardo Benassatto

      Google Earth to let users post stories, photos in coming years

      An Enigma cipher machine is on display at an auction house in Bucharest, Romania, July 11, 2017. Inquam Photos/Octav Ganea/

      Bought for 100 euros, World War Two Enigma machine sells for 45,000

      Mohammad Esa 24, from Afghanistan's National Army (ANA) sits during practice for the Invictus Games competition, at the Kabul Military Training Centre (KMTC) in Kabul, Afghanistan July 4, 2017. Mohammad Ismail

      Wounded Afghan soldiers set for Invictus Games debut

      A sparrow is being fed at a hospital for wild birds in Hortobagy National Park, Hungary June 27, 2017. Laszlo Balogh

      Hungarian hospital helps injured birds back into the skies

    • HEALTH NEWS
      Senate Majority Leader Senator Mitch McConnell (R-KY) attends a new conference following party policy lunch meeting at the U.S. Capitol in Washington, U.S. July 11, 2017. Carlos Barria

      Top Senate Republican to unveil revised healthcare plan

      A pharmacist holds a bottle of prescription painkiller Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt at a local pharmacy in Provo, Utah, U.S., April 25, 2017. George Frey

      Mallinckrodt settles U.S. opioid drug probe for $35 million

      An old man infected with cholera lies on the bed at a hospital in Sanaa, Yemen, May 12, 2017. Mohamed al-Sayaghi

      Cholera may accelerate famine in Yemen as resources shift: U.N.

      A sign marks a building on Novartis' campus in Cambridge, Massachusetts, U.S., February 28, 2017. Brian Snyder

      Novartis readies for FDA review of $1 billion CAR-T child cancer hope

    • SPORTS NEWS
      Tennis - Wimbledon - London, Britain - July 11, 2017 Great Britain's Andy Murray during a practice session Toby Melville

      Roof protects Murray and Federer from lingering rain

      Tennis - Wimbledon - London, Britain - July 10, 2017 Switzerland’s Roger Federer in action during his fourth round match against Bulgaria’s Grigor Dimitrov Stefan Wermuth

      Hewitt expects Federer and Murray to face off in final

      Chan sisters in quarter-final doubles action at Wimbledon

      Spieth confirms will return to defend Australian Open title

    • ARTS
      Artist Heather Dewey-Hagborg poses with 3-D printed masks created from DNA extracted from cheek swabs and hair clippings she received from formerly imprisoned U.S. Army Private Chelsea Manning while she was in jail, ahead of the August 2, 2017 opening of 'A Becoming Resemblance', an exhibition at the Fridman gallery in New York City, July 7, 2017. Mike Segar

      Artist to debut 3D portraits produced from Chelsea Manning's DNA

      Director general of the Bolshoi Theatre Vladimir Urin speaks during a news conference on the postponement of the world premiere of the Nureyev ballet, weeks after its director Kirill Serebrennikov was questioned as a witness in a fraud investigation, at the Bolshoi in Moscow, Russia, July 10, 2017. Maxim Shemetov

      Russian minister had 'long chat' with Bolshoi before ballet premiere pulled: TASS

      A man looks at an installation that uses goldfish in illuminated bowls at the Art Aquarium exhibition in Tokyo, Japan. Kim Kyung-Hoon

      Thousands of goldfish bring Tokyo art exhibit to life

      A man uses his mobile phone as he takes a picture of the painting 'Maschka' by late German artist Otto Mueller during a news conference, after the arrival of the first artworks from the Dossier Gurlitt, at the Kunstmuseum Bern art museum in Bern, Switzerland July 7, 2017. Arnd Wiegmann

      Swiss museum readies for Nazi-era art trove show, seeks works' heirs

    • ENTERTAINMENT NEWS

      Shia LaBeouf's arrest video shows actor's expletive-filled rant

      The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. Mike Blake

      Streaming TV apps grapple with password sharing

      Headphones are seen in front of a logo of online music streaming service Spotify, February 18, 2014 Christian Hartmann

      Sony Music, Spotify strike licensing deal: Billboard

      US pop star Madonna reacts during the opening of her Mercy James hospital in Blantyre, Malawi, July 11, 2017. Siphiwe Sibeko

      Malawi hails Madonna's 'motherly spirit' at opening of new hospital

    • ODDLY ENOUGH
      German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel attends a meeting of their conservative bloc to discuss their election programme in Berlin, Germany, July 3, 2017. Axel Schmidt

      Slovenian comic's parody has Merkel dancing with 'zombie' refugees

      Saudi Arabia's King Salman bin Abdulaziz Al Saud stands during a reception ceremony for British Prime Minister Theresa May in Riyadh, Saudi Arabia, April 5, 2017. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout

      Saudi king orders newspaper columnist to stop piling on the praise

      Sand carver Sergey Zaplatin from Russia. Yves Herman

      Sand sculpture festival brings super-heroes to Belgian beach

      A worker shows crickets at a farm belonging to company 'Little Food,' which prepares and promotes food products made from crickets, in Brussels, Belgium June 9, 2017. Francois Lenoir

      By Jiminy: Belgian start-up puts crickets on the menu

  • SECTORS
    • ENERGY
    • BASIC MATERIALS
    • INDUSTRIALS
    • CYCLICAL CONSUMER GOODS
    • NON-CYCLICAL CONSUMER GOODS
    • FINANCIALS
    • HEALTHCARE
    • TECHNOLOGY
    • TELECOMMUNICATIONS SERVICES
    • UTILITIES
A Worker in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Thilo Schmuelgen
A Worker in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Thilo Schmuelgen
A group of visitors walks through the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
A group of visitors walks through the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Protective suits are pictured inside the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Protective suits are pictured inside the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Warning signs inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View inside the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
A combination of files pictures shows German nuclear power plants (top L to bottom right) in Brunsbuettel, Unterweser, Brokdorf, Kruemmel, Emsland, Grohnde, Biblis A, Biblis B, Grafenrheinfeld, Philippsburg, Neckarwestheim and Isar 1 and 2. Staff
A combination of files pictures shows German nuclear power plants (top L to bottom right) in Brunsbuettel, Unterweser, Brokdorf, Kruemmel, Emsland, Grohnde, Biblis A, Biblis B, Grafenrheinfeld, Philippsburg, Neckarwestheim and Isar 1 and 2. Staff
Workers in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Workers in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
A worker saws metal in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
A worker saws metal in the nuclear reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View of the reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View of the reactor of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
A view of the switches at a control board is seen inside the decommissioned Unit Six of the Greifswald nuclear power station outside the north-eastern town of Lubmin August 5, 2014. Thomas Peter
A view of the switches at a control board is seen inside the decommissioned Unit Six of the Greifswald nuclear power station outside the north-eastern town of Lubmin August 5, 2014. Thomas Peter
Scaffolding surrounds the site where the reactor vessel used to be in the former Wuergassen nuclear energy plant near Beverungen June 27, 2012. Tom Kaeckenhoff
Scaffolding surrounds the site where the reactor vessel used to be in the former Wuergassen nuclear energy plant near Beverungen June 27, 2012. Tom Kaeckenhoff
An image taken with a thermal camera shows the shut down nuclear power plant in Biblis, southwest Germany, March 22, 2011. The picture does not show any temperature difference outside the power plant. Kai Pfaffenbach
An image taken with a thermal camera shows the shut down nuclear power plant in Biblis, southwest Germany, March 22, 2011. The picture does not show any temperature difference outside the power plant. Kai Pfaffenbach
General view of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
General view of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
The cooling tower and the nuclear powerplants 'Isar 1+2' in Eschenbach near Landshut are seen August 25, 2010. Michael Dalder
The cooling tower and the nuclear powerplants 'Isar 1+2' in Eschenbach near Landshut are seen August 25, 2010. Michael Dalder
View of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
View of the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Exit sign in the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Exit sign in the nuclear power plant that will be dismantled in Muelheim-Kaerlich, Germany, May 22, 2017. Picture taken May 22, 2017. Thilo Schmuelgen
Home
Markets
Market

Radiation, risk and robots: Ripping out a reactor's heart

June 12th, 2017 | 02:14 AM market industrials cyclical-consumer-goods utilities 380

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Italian Economy Minister Giovanni Tria attends as Prime Minister Giuseppe Conte (unseen) speaks during his first session at the Lower House of the Parliament in Rome, Italy, June 6, 2018. Tony Gentile
Italian bond yield spread to fall as government starts to act: Tria
Bank of Canada Governor Stephen Poloz listens to a question during a news conference in Ottawa, Ontario, Canada, July 11, 2018. Chris Wattie
BoC's Poloz says gradual approach appropriate in face of digital disruption
Turkish Lira and Euro banknotes are seen in this picture illustration taken June 25, 2018. Dado Ruvic/Illustration
Euro edges up, but threat from Turkey remains
By Christoph Steitz , Tom Käckenhoff | MUELHEIM-KAERLICH, Germany

As head of the Muelheim-Kaerlich nuclear reactor, Thomas Volmar spends his days plotting how to tear down his workplace. The best way to do that, he says, is to cut out humans.

About 200 nuclear reactors around the world will be shut down over the next quarter century, mostly in Europe, according to the International Energy Agency. That means a lot of work for the half a dozen companies that specialize in the massively complex and dangerous job of dismantling plants.

Those firms – including Areva, Rosatom's Nukem Technologies Engineering Services, and Toshiba's Westinghouse – are increasingly turning away from humans to do this work and instead deploying robots and other new technologies.

That is transforming an industry that until now has mainly relied on electric saws, with the most rapid advances being made in the highly technical area of dismantling a reactor's core – the super-radioactive heart of the plant where the nuclear reactions take place.

The transformation of the sector is an engineering one, but companies are also looking to the new technology to cut time and costs in a competitive sector with slim margins.

Dismantling a nuclear power plant can take decades and cost up to 1 billion euros ($1.1 billion), depending on its size and age. The cost of taking apart the plant in Muelheim-Kaerlich will be about 800 million euros, according to sources familiar with the station's economics.

Some inroads have already been made: a programmable robot arm developed by Areva has reduced the time it takes to dismantle some of the most contaminated components of a plant by 20-30 percent compared with conventional cutting techniques.

For Areva and rival Westinghouse, reactor dismantling is unlikely to make an impact on the dire financial straits they are mired in at present as it represents just a small part of their businesses, which are dominated by plant-building.

But it nonetheless represents a rare area of revenue growth; the global market for decommissioning services is expected to nearly double to $8.6 billion by 2021, from $4.8 billion last year, according to research firm MarketsandMarkets. Such growth could prove important for the two companies should they weather their current difficulties.

"We're not talking about the kind of margins Apple is making on its iPhone," said Thomas Eichhorn, head of Areva's German dismantling activities. "But it's a business with a long-term perspective."

When reactors were built in the 1970s, they were designed to keep radiation contained inside at all costs, with little thought given to those who might be tearing them down more than 40 years later.

First, engineers need to remove the spent nuclear fuel rods stored in reactor buildings – but only after they've cooled off. At Muelheim-Kaerlich this took about two years in total. Then peripheral equipment such as turbines need to be removed, a stage Muelheim-Kaerlich has begun and which can take several years.

Finally, the reactor itself needs to be taken apart and the buildings demolished, which takes about a decade. Some of the most highly contaminated components are cocooned in concrete and placed in iron containers that will be buried deep underground at some point.

ROBOTS UNDER WATER

While the more mundane tasks, including bringing down the plants' outer walls, are left to construction groups such as Hochtief, it's the dismantling of the reactor's core where more advanced skills matter – and where the use of technology has advanced most in recent years.

Enter companies such as Areva, Westinghouse, Nukem Technologies, GE Hitachi as well as GNS, owned by Germany's four nuclear plant operators. They have all begun using robots and software to navigate their way into the reactor core, or pressure vessel.

"The most difficult task is the dismantling of the reactor pressure vessel, where the remaining radioactivity is highest," said Volmar, who took charge of the RWE-owned Muelheim-Kaerlich plant two years ago. "We leave this to a specialized expert firm."

The vessel – which can be as high as 13 meters and weigh up to 700 tonnes – is hidden deep inside the containment building that is shaped like a sphere to ensure its 30-centimetre thick steel wall is evenly strained in case of an explosion.

The 2011 Fukushima disaster and the Chernobyl accident of 1986 are imprinted in the world's consciousness as examples of the catastrophic consequences of the leakage of radioactive material.

France's Areva recently won the contract to dismantle the pressure vessel internals at Vattenfall's 806 megawatt (MW) Brunsbuettel nuclear plant in Germany, which includes an option for the Swedish utility's 1,402 MW Kruemmel site.

There, the group will for the first time use its new AZURo programmable robot arm. It hopes this will help it outstrip rivals in what is the world's largest dismantling market following Germany's decision to close all its last nuclear plants by 2022, in response to the Fukushima disaster.

AZURo operates under water because the liquid absorbs radiation from the vessel components – reducing the risk of leakage and contamination of the surrounding area. The chamber is flooded before its work begins.

Areva's German unit invests about 5 percent of its annual sales, or about 40 million euros, in research and development, including in-house innovation such as AZURo. By comparison, the world's 1,000 largest corporate R&D spenders, on average, spent 4.2 percent last year, according to PwC.

The robot arm technology helped Areva beat Westinghouse by winning tenders to dismantle pressure vessel internals at EnBW's Philippsburg 2 and Gundremmingen 2 blocks, industry sources familiar with the matter said.

Areva and EnBW both declined to comment. Westinghouse – whose U.S. business filed for bankruptcy in March – did not respond to repeated requests for comment.

TIME AND MONEY

Britain's OC Robotics has built the LaserSnake2, a flexible 4.5-metre snake arm, which can operate in difficult spaces and uses a laser to increase cutting speeds – thus reducing the risk of atmospheric contamination. It was tested at the Sellafield nuclear site in west Cumbria last year.

This followed France's Alternative Energies and Atomic Energy Commission (CEA), whose laser-based dismantling technology generates fewer radioactive aerosols – a key problem during cutting – than other technologies.

The complexity of the dismantling process is also giving rise to modeling software that maps out the different levels of radiation on plant parts, making it easier to calculate the most efficient sequence of dismantling – the more contaminated parts are typically dealt with first – and gives clarity over what safety containers will be needed to store various components.

GNS, which is jointly owned by E.ON, RWE, EnBW and Vattenfall, is currently helping to dismantle the German Neckarwestheim 1 and Philippsburg 1 reactors, using its software to plan the demolition.

The company also hopes to supply its software services for the dismantling of PreussenElektra's Isar 1 reactor, which is being tendered, and aims to expand to other European countries.

"Two things matter: time and money," said Joerg Viermann, head of sales of waste management activities at GNS.

"The less I have to cut, the sooner I will be done and the less I will spend."

Nuclear power in graphics: tmsnrt.rs/2n69ZIr

  • Topic
  • Industrials
Facebook Twitter Google+ LinkedIn Pinterest
Next article RPT-Growing supply glut threatens worse to come for restive Indian farmers
Previous article BRIEF-Canadian Overseas Petroleum updates on admission to trading in London of shares

Related Posts

Italian Economy Minister Giovanni Tria attends as Prime Minister Giuseppe Conte (unseen) speaks during his first session at the Lower House of the Parliament in Rome, Italy, June 6, 2018. Tony Gentile MARKET
September 9th, 2018

Italian bond yield spread to fall as government starts to act: Tria

Bank of Canada Governor Stephen Poloz listens to a question during a news conference in Ottawa, Ontario, Canada, July 11, 2018. Chris Wattie MARKET
August 25th, 2018

BoC's Poloz says gradual approach appropriate in face of digital disrupt...

Turkish Lira and Euro banknotes are seen in this picture illustration taken June 25, 2018. Dado Ruvic/Illustration MARKET
August 13th, 2018

Euro edges up, but threat from Turkey remains

A Bank of America logo is seen in New York City, U.S. January 10, 2017. Stephanie Keith MARKET
July 23rd, 2018

Bank of America hires two media and telecoms investment bankers: memo

Chairman of the House Ways and Means Committee Kevin Brady (R-TX) holds up a sample tax form as he speaks during a media briefing after the House Republican conference on Capitol Hill in Washington, U.S., April 17, 2018.      Joshua Roberts MARKET
July 23rd, 2018

House Republicans to be briefed on tax proposal on Tuesday

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016.   Jason Lee/Illustration MARKET
July 22nd, 2018

Japanese yen stands tall on policy stimulus unwind bets

The Wire
Sep 2nd 5 year's ago
BUSINESS

Biden looks to turn campaign focus to pandemic as Trump dwe...

Sep 2nd 5 year's ago
U.S. LEGAL NEWS

Biden looks to turn campaign focus to pandemic as Trump dwe...

Aug 12th 5 year's ago
BUSINESS

United Airlines bets on Florida, adding dozens of flights a...

Aug 1st 6 year's ago
BUSINESS

Apple's Taiwan suppliers, Samsung apply for India's local s...

Jul 28th 6 year's ago
U.S. LEGAL NEWS

Explainer: Trump's latest move to limit deportation protect...

TRENDING ON FINANCETIME
Sep 2nd, 2020 BUSINESS

Biden looks to turn campaign focus to pandemic as Trump dwells on protests

Aug 12th, 2020 BUSINESS

United Airlines bets on Florida, adding dozens of flights a day starting November

Aug 1st, 2020 BUSINESS

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

Jul 28th, 2020 U.S. LEGAL NEWS

Explainer: Trump's latest move to limit deportation protections for 'Dreamers'

Jul 28th, 2020 BUSINESS

AMC Theatres, Universal reach deal to bring new movies to homes earlier

Markets-Sectors
ENERGY -0.18%
BASIC MATERIALS -0.05%
INDUSTRIALS +0.06%
CYCLICAL CONSUMER GOODS +0.15%
NON-CYCLICAL CONSUMER GOODS +0.26%
FINANCIALS -0.22%
HEALTHCARE -0.07%
TECHNOLOGY -0.17%
TELECOMMUNICATIONS SERVICES -0.11%
UTILITIES -0.06%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
© Financetime.org 2016. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT