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EU nations agree on nuclear rules

European Union countries set their first common standards for the construction and operation of nuclear reactors, saying the industry's growth requires steps to ease public anxiety about the risks.

The EU's 27 governments agreed to incorporate International Atomic Energy Agency guidelines into European law, giving the bloc's regulators a role over nuclear safety. In 1999 Ireland introduced a law banning nuclear plants.

Thousands visit Woolworths site

SHOPPING

Nearly 100,000 shoppers logged on to the new Woolworths.co.uk site in its first few hours after launch yesterday as the brand made its online comeback. The site went live with more than half a million products, bringing back the much-loved pic 'n' mix sweets and Ladybird children's clothing.

US economy shrinks by 5.5pc

DOwnturn

The US government has said the country's economy shrank at an annual rate of 5.5pc in the first quarter of this year. This was not as bad as the previous estimate of 5.7pc. The Commerce Department's final estimate of gross domestic product still showed a massive decline, on the heels of a 6.3pc slide in the fourth quarter of 2008.

Crude prices rise to $70 a barrel

OIL

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Oil prices rose more by than $1 to above $70 a barrel this evening after a Nigerian group shut down one of Royal Dutch Shell's pipelines, raising concerns about supplies from the region. US crude rose $1.43 to $70.10 a barrel, while London Brent crude rose $1.59 to $69.92.

Appointment at fuel group Topaz

CLARIFICATION

In an article published last Wednesday (June 24), a headline mistakenly noted that John Williamson has been appointed CEO of fuel group Topaz. As stated in the article, he has in fact been appointed chief financial officer. We are happy to clarify this.

Latin America to recover this year

ECONOMY

Latin America's recession will end by the third quarter, with a recovery beginning in the final three months of the year, Moody's Economy.com said yesterday. "Latin America will leave the recession behind and will start a recovery before the end of this year," Alfredo Coutino, director for Latin America at Moody's Economy.com, said.


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