The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Independent shareholders in French state-controlled utility EDF may have found an unexpected ally in new British Prime Minister Theresa May. A day after EDF’s board narrowly decided to push ahead with the construction of two new nuclear reactors at Hinkley Point, the UK government announced a surprise review of the humongous project. Pulling the plug would be a service to UK taxpayers as well as EDF investors.
from Alison Frankel:
(Reuters) - The litigation over allegedly defective Chinese-made drywall should be a triumphant emblem of the American tort system.
Alibaba’s experience shows Russia’s pivot east is far from straightforward. Under President Vladimir Putin, Moscow wants deeper economic ties with China, so it can deal less with an unfriendly West. But Russia’s poor business climate makes life hard for Chinese companies, although they are used to draconian rules at home. Even e-commerce giant Alibaba has only made modest inroads.