Tag: Sunak, Rishi (1980- )

Biden to Announce Nuclear-Powered Submarine Deal with Australia and Britain

Chin@Strategy

WASHINGTON — President Biden plans to announce on Monday a landmark agreement with the leaders of Britain and Australia to develop fleets of nuclear-powered attack submarines that the three nations would use to strengthen their naval forces across the Asia-Pacific region as China bolsters its own navy. The purchase and training agreements on submarines amount to the first concrete steps taken by the three English-speaking nations to deepen the ambitious strategic partnership called AUKUS that they announced 18 months ago. The military deal, centered on Australia first buying the attack…

U.K. Backs Giant Nuclear Plant, Squeezing Out China

Chin@Strategy

The British government on Tuesday threw its weight behind nuclear power, saying it would back a major new generating plant on the coast of the North Sea northeast of London. The government said it would invest £700 million ($842 million) for a 50 percent stake in Sizewell C. EDF, the French state utility, which will construct the plant, will hold the rest. The deal squeezes out a Chinese state-owned company, China General Nuclear, which had owned 20 percent of the project. CGN received an undisclosed sum for its share, reflecting…