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What the papers say - THE BUSINESS

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France is to host the new international nuclear fusion reactor at Caderache, after the European Union struck a deal with Japan. The International Thermonuclear Experimental Reactor (ITER) aims to generate more energy than is put in, for a sustained period. The EU's £3.5bn contribution will cover 50% of the estimated £6.8bn construction costs. Japan would pay £680M and the rest will be covered by the US, Russia, South Korea and China.

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