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America’s utilities prepare for a nuclear threat to the grid

America’s utilities prepare for a nuclear threat to the grid

Finance
WHEN North Korea said on September 3rd that it had developed a hydrogen bomb, adding that it could be used for a “super-powerful” high-altitude electromagnetic pulse (HEMP) attack, America’s electricity industry was already on alert. Sceptics tend to dismiss as far-fetched the idea that the rogue regime would knock out the electricity grid by detonating a nuclear bomb high in the atmosphere. Regulators have not mandated safety measures. But the utilities are taking it seriously enough.They are more than a year into a three-year programme, funded by about 60 electricity firms, to understand the potential impact of a HEMP attack on the generation and transmission of electricity, and to find ways to shield the network. Such concerns are not new. In 1962, when America exploded nuclear devices
UK 'must prepare a Brexit fallback'

UK 'must prepare a Brexit fallback'

Business
The UK needs a "credible fallback" in case no EU trade deal is reached during Brexit negotiations, former Bank of England governor Mervyn King has said.Lord King said British negotiators needed to show Brussels the country has an alternative over a bad trade deal post-Brexit. The former governor, who served between 2003 and 2013, said no deal was "not the first preference of anybody".He said the government "probably wasted a year" on its contingency plans.The first round of Brexit negotiations at the European Commission ended in July. Brexit Secretary David Davis said Brussels might delay trade talks due to a lack of progress on the cost of the UK's "divorce" settlement. Brexit: All you need to knowBrexit: What is at stake in EU-UK talks?The people who will negotiate BrexitSpeaking to BBC...