Ian's Feed
Sep 22, 2011

Fukushima to slow, not stop, nuclear growth

VIENNA (Reuters) – Environmental group Greenpeace calls it a “dying and dangerous” industry and Europe’s biggest engineering conglomerate, Siemens, is exiting the sector altogether.

Japan’s Fukushima nuclear accident six months ago sparked doubts about the future of nuclear power across the globe and especially in Europe, highlighted by Germany’s decision to quit the energy source and Italy’s referendum to ban it for decades.

Sep 22, 2011

Analysis: Fukushima to slow, not stop, nuclear growth

VIENNA (Reuters) – Environmental group Greenpeace calls it a “dying and dangerous” industry and Europe’s biggest engineering conglomerate, Siemens, is exiting the sector altogether.

Japan’s Fukushima nuclear accident six months ago sparked doubts about the future of nuclear power across the globe and especially in Europe, highlighted by Germany’s decision to quit the energy source and Italy’s referendum to ban it for decades.

Sep 21, 2011

Myanmar says in “no position” to build atomic arms

VIENNA (Reuters) – Myanmar is in no position to consider developing nuclear arms, a senior diplomat from the military-ruled country told the U.N. atomic agency on Wednesday, rejecting any such suspicions in the West.

Last year, a U.N. report suggested that North Korea might have supplied Myanmar as well as Iran and Syria with banned atomic technology.

Sep 19, 2011

Iran nuclear chief says UK spies shadowed him

VIENNA (Reuters) – Iran’s nuclear energy chief accused British spies on Monday of shadowing him around the world — even to the “back door” of his university office — to gather information ahead of a failed assassination attempt on him last year.

Fereydoun Abbasi-Davani, subject to U.N. sanctions because of what Western officials said was his involvement in suspected atomic arms research, also blamed Israel and the United States for attacks on him and other Iranian scientists.

Sep 19, 2011

Japan set to reduce nuclear reliance: minister

VIENNA (Reuters) – There is political consensus in Japan to cut the country’s reliance on nuclear power but there needs to be a public debate on how to proceed, a senior Japanese government official told the U.N.’s atomic agency on Monday.

Nuclear Disaster Minister Goshi Hosono was speaking hours after 60,000 demonstrators marched in Tokyo to demand an exit from atomic energy after the Fukushima plant catastrophe.

Sep 19, 2011

U.S. and Iran trade barbs at U.N. nuclear agency meet

VIENNA (Reuters) – The United States and Iran traded accusations at a meeting of the U.N. atomic agency on Monday, underlining the deep deadlock between the two adversaries in a long-running dispute over the Islamic state’s nuclear program.

In speeches to the annual member state gathering of the International Atomic Energy Agency, Iranian nuclear energy chief Fereydoun Abbasi-Davani and U.S. Energy Secretary Steven Chu took aim at the policies of their respective countries.

Sep 18, 2011

West fears possible Iran-North Korea nuclear links

VIENNA (Reuters) – It is one of the West’s biggest nuclear proliferation nightmares — that increasingly isolated Iran and North Korea might covertly trade know-how, material or technology that could be put to developing atomic bombs.

“Such a relationship would be logical and beneficial to both North Korea and Iran,” said Mark Hibbs, an expert of the Carnegie Endowment for International Peace.

Sep 17, 2011

Analysis: West fears possible Iran-North Korea nuclear links

VIENNA (Reuters) – It is one of the West’s biggest nuclear proliferation nightmares — that increasingly isolated Iran and North Korea might covertly trade know-how, material or technology that could be put to developing atomic bombs.

“Such a relationship would be logical and beneficial to both North Korea and Iran,” said Mark Hibbs, an expert of the Carnegie Endowment for International Peace.

Sep 15, 2011

Arabs to avoid targeting Israel at U.N. atom meeting

VIENNA (Reuters) – Arab states will refrain from targeting Israel over its assumed nuclear arsenal at a global meeting of U.N. atomic agency member countries next week, diplomats say, an unexpected gesture of restraint sure to be welcomed by the West.

It would be a rare conciliatory move in the volatile Middle East, where Israeli-Arab tension has risen in recent weeks over a pending Palestinian bid for statehood recognition at the United Nations this month, a move opposed by Washington.

Sep 15, 2011
via Breakingviews

UK will get QE2 – but may need fiscal help too

The odds are moving rapidly towards a launch of QE2 in the UK. A second bout of quantitative easing – printing money – would be controversial. But a fragile economy needs extreme treatment – monetarily, and probably fiscally, too.

Britain’s substantial home-grown problems are being exacerbated by crisis in the euro zone. UK unemployment crossed 2.5 million in the three months to July. Activity in services, the bulk of the economy, almost contracted in August. Wages, up just 1.7 percent in the past year, are falling fast in real terms, impoverishing consumers and threatening deflation. And exports are stalling: the euro zone is the UK’s main trade partner.