June 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Rolls-Royce group wins government backing to build UK's first small modular nuclear reactors
- Private capital group Blackstone plots $500 billion expansion in Europe
- EU targets Chinese plywood in latest defence of domestic industries
- U.S. and Switzerland end stalemate over client information
Overview
- Britain has selected Rolls-Royce RR.L SMR to build the country's first small modular nuclear reactors $(SMR)$ as part of its plan to speed up the decarbonisation of the power network from the mid-2030s.
- Blackstone Group BX.N plans to ramp up its investments across Europe as the private capital group bets economic reforms will revive growth after years of US outperformance.
- The EU has imposed anti-dumping duties on Chinese plywood imports, just a few days after Beijing tried to ease trade tensions between the two.
- The U.S. and Switzerland have resolved a years-long stalemate over sharing data on client investments, a step that will let Washington have greater visibility into assets held in the European banking hub.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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