With availability of Electricite de France SA’s French nuclear fleet at the lowest level in a decade, the nation will need to rely on imports during several weeks and adding a cold spell to that could make the situation “tense.” Britain may face a power deficit in early January. Source: Bloomberg
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Saudi Arabia’s National Water Co. is seeking financial advisers to arrange the sale of parts of the country’s water distribution network, according to people familiar with the matter. Source Gulf News
The ‘Joint Sea 2017’ drills of the Russian and Chinese naval forces have begun the first stage of major exercises, marking the first time they have taken place in Europe. Source RT
The International Monetary Fund late on July 20 approved a one-year, $1.8 billion loan program for Greece but will not release any funds until the eurozone agrees on a debt relief plan, in a highly unusual compromise step. Source: Daily News