FT News Briefing Banks warm up to nuclear power
Sep 26, 2024
OpenAI's CTO departure shakes up the tech scene while major banks shift their gaze towards nuclear energy investment. They commit to boosting global nuclear capacity in response to rising demands from tech sectors. Meanwhile, Saudi Arabia sees a surge in female workforce participation as it strives for economic diversification, challenging traditional norms and paving the way for women in leadership roles. The intertwining of finance, energy, and social progress makes for a fascinating discussion.
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Banks Embrace Nuclear
- Major banks pledged support for nuclear energy, a notable shift given its controversial status.
- This signals a potential turning point for nuclear financing, driven by anticipated demand from tech companies.
Microsoft's Nuclear Deal
- Microsoft signed a 20-year deal with Constellation Energy to restart a nuclear reactor at Three Mile Island.
- This deal will provide enough energy to power approximately 800,000 homes.
Saudi Arabia's Female Workforce
- Saudi Arabia is actively promoting female workforce participation as part of its economic diversification strategy.
- This initiative aims to reduce reliance on oil revenue and empower women in various sectors.