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Germany to pay nuclear operators 2.4 billion euros for plant closures

The German government has agreed to pay nuclear operators 2.4 billion euros ($2.86 billion) in compensation for forcing them to shut their nuclear plants early in response to the the Fukushima disaster, ministries said on Friday. ....

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Japanese shares end lower as index heavyweights retreat

By Reuters Staff
2 Min Read
TOKYO, March 5 (Reuters) - Japanese shares fell for a second straight session on Friday, dragged down by losses in index heavyweights and technology shares, as rising U.S. bond yields hit investor sentiment.
The Nikkei share average edged down 0.23% to 28,864.32 and recorded its second straight weekly loss. The broader Topix closed 0.61% lower at 1,896.18.
The declines followed a weaker overnight finish on Wall Street that left the Nasdaq down nearly 10% from its February record high, as remarks by Federal Reserve Chair Jerome Powell failed to calm investors worried about rising longer-term U.S. bond yields.
U.S. Treasury yields jumped during U.S. trading hours after Powell’s speech, sending the 10-year yield to top 1.5%. ....

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BRIEF-Irish court approves Norwegian Air request to repudiate several aircraft lease guarantees

IRISH HIGH COURT APPROVES NORWEGIAN AIR SHUTTLE REQUEST TO REPUDIATE GUARANTEES RELATED TO SEVERAL AIRCRAFT LEASES ....

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UPDATE 3-China parliament seeks to shake up Hong Kong politics, put 'patriots' in charge - official

Move will upend politics in “reverse democratisation” - analyst
HK govt says move will ensure Beijing’s “overall jurisdiction” (adds report on Legco postponement)
HONG KONG, March 4 (Reuters) - A senior Chinese official on Thursday confirmed Beijing’s intention to overhaul Hong Kong’s electoral system to ensure “patriots” are in charge, potentially the biggest blow to the city’s democracy since its handover from British rule in 1997.
Zhang Yesui, a spokesman for the National People’s Congress, said it had the constitutional power to “improve” Hong Kong’s system and a draft decision would be discussed during the annual parliamentary session which opens on Friday. ....

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FOCUS-Global semiconductor shortage spurs run on vintage chipmaking tools

FOCUS-Global semiconductor shortage spurs run on vintage chipmaking tools
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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