China braces for more deadly floods as 'Plum Rain' sweeps north and west
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, ki...
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
A consortium led by Korea Hydro & Nuclear Power Co. (KHNP) will finalize the agreement next Wednesday with Elektrarna Dukovany II (EDU II), the Czech utility overseeing the project, according to the Czech government and Yonhap.
South Korea’s Ministry of Trade, Industry and Energy hailed the win in a statement, calling it a breakthrough for the country’s energy export sector. The deal marks South Korea’s first international nuclear contract since the Barakah Nuclear Power Plant project in the United Arab Emirates in 2009.
South Korea was named the preferred bidder for the Dukovany project in July 2024. The win came after overcoming major legal and diplomatic challenges. Earlier this year, KHNP settled a legal dispute with U.S. firm Westinghouse Electric Co. over reactor technology rights. A separate appeal by France’s EDF was also rejected by Prague's competition authority.
The deal is expected to boost South Korea’s position in the European nuclear energy market, driven by rising global demand amid the AI boom and growing concerns over energy security due to geopolitical instability.
For the Dukovany site, KHNP will supply APR-1000 reactors, a localized version of its APR-1400 design used in the Barakah plant. The Czech Republic is also considering building two additional reactors at the Temelin nuclear power station, where South Korea is now seen as a strong contender.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment while stopping short of U.S. calls to adopt a higher military spending target.
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as a new trade framework with Hanoi.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 3rd of July, covering the latest developments you need to know.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment