Toshiba, the embattled technology conglomerate, said it planned to write off more than $6 billion and withdraw from the business of building nuclear power plants as the impact of a disastrous bet on American nuclear energy continued to rock a mainstay of corporate Japan. nytimes.com Toshiba will remain involved with the Moorside project in Cumbria. But the Japanese giant, set to report a £2.7billion loss in a year, wants to sell part of its stake, it says. nytimes.com Rolls-Royce said today the long-term outlook for its nuclear business was positive with renewed activities in the civilian market. There are "encouraging opportunities" in the UK and China in particular, alongside its nuclear submarine activities, the company said on the release of its 2016 financial results. world-nuclear-news.org As the European Commission reports on progress made in delivering and implementing the Energy Union, trade body Foratom has highlighted the importance of nuclear energy in achieving the project's objectives. world-nuclear-news.org
