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Trump fears Chinese acquisition of US nuclear company

Public officials are worried that nuclear secrets could fall into the hands of Chinese investors should they buy nuclear company Westinghouse, which has applied for bankruptcy protection. For this reason, the US wants to block a sale to China and is examining other options, reports Bloomberg.

Photo: Carolyn Kaster/AP/Ritzau

Major US nuclear group Westinghouse Electric has filed for bankruptcy protection, triggering fears in Donald Trump's administration, reports Bloomberg. It concerns fears that Chinese investors will acquire the business and thus gain access to secrets about nuclear technology.

Problems are mounting for Japan's Toshiba. The company, which has been in major trouble in recent years due to economic uncertainty at US subsidiary Westinghouse, has been forced to acknowledge that its time is up in the US. For this reason, the company is looking for a new owner, writes Bloomberg.

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