The British government’s competition to select companies for developing small modular nuclear reactors (SMRs) remains on schedule, with a final decision expected in the spring, according to the country’s nuclear authority. On Friday, the government launched the final invitation to tender, marking a significant step toward awarding contracts that could be worth billions of pounds.

Four contenders remain in the running: Rolls Royce, Westinghouse, Holtec Britain, and GE-Hitachi Nuclear Energy, a collaboration between General Electric and Japan’s Hitachi Ltd.

Germany has extended its trusteeship over Rosneft’s local units for a third time, maintaining control over the Russian oil giant’s assets in the country. This move stops short of expropriating the assets, as Rosneft has initiated a process to sell its German holdings. Last week, the German economy…

A U.S. strike on Iran’s nuclear facilities — which President Donald Trump has called a “spectacular military success” — is sending tremors through global markets, with oil prices already climbing and investors bracing for heightened volatility and inflationary pressure. While the full fallout will become clearer when markets open globally, early signals suggest investors are preparing for a prolonged period of uncertainty.

Although Sunday trading in the Middle East — including Saudi Arabia, Kuwait, and Qatar — showed calm or even mild optimism, that sentiment is likely to shift once global markets react. The stakes are particularly high in the oil market, where Brent crude prices have already surged nearly 18% since June 10. A key flashpoint is the Strait of Hormuz, through which roughly 20% of the world’s oil and refined products flow.