Bloomberg Italian Deputy PM Luigi Di Maio says the country won’t be subject to an attack by speculators, after a leading figure from his coalition partner said the Italian and European establishment want to “abort†Italy’s populist government. “I don’t see a real risk that this government will be attacked, it’s more a wish of the opposition,” Di Maio said ...
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Tunisia backs equal inheritance for women in break with region
Bloomberg Tunisia’s president backed a call for women to be granted equal inheritance rights, breaking with a legal code followed in many Muslim nations that strongly favours male heirs. The proposal, laid out by Beji Caid Essebsi in a televised address marking national women’s day, was first suggested by a committee which had deliberated on the issue for about a ...
Read More »European nations get serious about buying LNG from US
Bloomberg European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that. European Commission trade officials will travel to Washington on August 20 to follow up on an energy agreement last month between the Commission’s President Jean-Claude Juncker and ...
Read More »Saudi fund PIF in talks to invest in Tesla buyout deal
Bloomberg Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans. The Public Investment Fund (PIF), which has built up a stake just shy of 5 percent in ...
Read More »The battery boom could end up burning some investors
Bloomberg Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry. Teams of scientists from San Francisco to Shenzhen are experimenting with new chemical processes to improve the traditional lithium-ion cell and find new ways to bottle up electricity for use at another time. Investors in those ...
Read More »California wildfire smoke dims solar power output
Bloomberg The smoke billowing from California’s wildfires is dimming output from solar farms. First Solar Inc., which operates more than two gigawatts of solar farms in the state — that’s equivalent to about two nuclear reactors — has seen production dip at installations near fires, according to spokesman Steve Krum. The slumps in generation have been “very minimal,†he said, ...
Read More »SoftBank to shun Tesla deal as it focuses on other car bets
Bloomberg Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of ...
Read More »WeWork China rival raises $120 million
Bloomberg Beijing MyDreamPlus Technology Co. Ltd. raised $120 million in a funding round led by Hillhouse Capital and General Atlantic as competition in China’s co-working market heats up. The money will be used to fuel expansion as the three-year-old startup targets more than doubling its floor space in the next 12 months. The financing comes just weeks after the Chinese ...
Read More »Chinese tech-obsessed insurer may cast a long shadow over Asia
Bloomberg Tencent Holdings Ltd. took another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: Worldfrom its PC downloads service just days after the action title’s debut. Parts of the Capcom Co. hit failed to meet regulatory standards and the relevant authorities received a “significant amount of complaints,†which in turn spurred the ...
Read More »Sony’s new super-fast cameras winning over the pros
Bloomberg Nikon and Canon face a threat at the top end of the market Eight seconds. That’s how long a cowboy needs to stay on a bucking bronco to qualify for a rodeo score. For photographers, that’s barely enough time to take just a few blurry, often unusable pictures. “In the past, these images would have been made by pre-focusing ...
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