Business and Economy

Business and Economy Latest News

Tech stocks sink world's biggest sovereign wealth fund
Tech stocks sink world's biggest sovereign wealth fund
by  AFP

Norway's sovereign wealth fund, the world's largest, shrank by some 1.68 trillion kroner ($173.2 billion) in the first half of the year, weighed down by tech stocks, the Norwegian central bank said Wednesday. On Wednesday, according to a counter on the central bank's website, the fund was valued at 12.3 trillion kroner ($1.26 trillion). phy/po/rl

China reconnects nuclear reactor after shutdown due to damage
China reconnects nuclear reactor after shutdown due to damage
by  AFP

A nuclear reactor in southern China has been reconnected to the electricity grid more than a year after it was shut down to repair damage, its operator said. Operators reconnected the damaged reactor after months of "inspection and maintenance", China General Nuclear Power Group (CGN) said in a stock exchange filing late on Tuesday.

South Korean founder of failed Terra coin admits he was 'wrong'
South Korean founder of failed Terra coin admits he was 'wrong'
by  AFP

The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators. You know, just admit that I was wrong," Kwon said.

Energy

Money

Industry

Technology

Economy