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Tag: Construction

Nuclear fusion project hails halfway construction milestone

Nuclear fusion project hails halfway construction milestone

Technology
A vast international experiment designed to demonstrate that nuclear fusion can be a viable source of energy is halfway toward completion, the organization behind the project said Wednesday. Construction of the International Thermonuclear Experimental Reactor, or ITER, in southern France has been dogged by delays and a surge in costs to about 20 billion euros ($ 23.7 billion). ITER's director-general, Bernard Bigot, said the project is on track to begin superheating hydrogen atoms in 2025, a milestone known as "first plasma." "We have no contingency plan," he told The Associated Press in a phone interview from Paris. Scientists have long sought to mimic the process of nuclear fusion that occurs inside the sun, arguing that it could provide an almost limitless source of cheap, safe and cle...
Construction growth slumps to one-year low

Construction growth slumps to one-year low

Business
Construction activity slumped in August to its lowest level in a year, the latest snapshot of the sector reveals.Monthly purchasing managers' index (PMI) data from Markit/CIPS UK Construction showed a significant decline in building works, with a reading of 51.1 for last month - down from 51.9 in July.The reading - the weakest overall UK construction performance since August 2016 - was close to the 50 point mark which shows stagnation.A reading above 50 indicates growth. Economists had forecast a figure of 52.Subdued business investment and economic uncertainty dragged on demand for new projects, according to Tim Moore, associate director at IHS Markit.Firms reported a lack of new orders to replace completed ventures, with residential building the only area to buck the overall trend in Aug...