Toshiba admits to a ruinous overpayment for an American nuclear firm
Toshiba admits to a ruinous overpayment for an American nuclear firmIts share price plunged by 40% in three days as investors worried about its financial viability THE probe in 2015 into one of Japan’s largest-ever accounting scandals, at Toshiba, an electronics and nuclear-power conglomerate that has been the epitome of the country’s engineering prowess, concluded that number-fiddling at the firm
Mission impossible
THE stricken Fukushima Dai-ichi nuclear plant is the world’s most complex and costly industrial clean-up. The first three of Fukushima Dai-ichi’s six reactors melted down in March 2011 and the fourth was damaged. TEPCO’s early guess was that decommissioning would take 30-40 years. That is certainly optimistic. Engineers are grappling with problems with little precedent. Akira Ono, the plant manage
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