Tokyo
THE board of Japan's electrical giant Toshiba Corporation on Wednesday approved the filing of bankruptcy proceedings for its struggling US nuclear-power subsidiary Westinghouse, marking what some claim is a key stage in the "meltdown" of the global nuclear-power industry.
Construction delays and huge financial losses by Westinghouse on US nuclear reactors have thrown parent company Toshiba into crisis, forcing the internationally known Japanese company to seek domestic or foreign buyers for all...