Ukraine's nuclear plant has lost power supply: IAEA

Ukraine's Zaporizhzhia nuclear plant has lost its power supply, according to the International Atomic Energy Agency. This is a concerning development because the plant relies on power to keep its six non-operating reactors cool. Without a reliable power source, the plant's safety is at risk, and the diesel fuel on site will only last for about ten days. This situation could have significant implications for the global economy, particularly in the energy sector, if the plant's safety is compromised.

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A potential nuclear disaster in Ukraine could lead to widespread health and environmental concerns. This could negatively impact investor sentiment and lead to a decline in European asset values.

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