Bloomberg Tesla Inc has started the second phase of its virtual power plant in South Australia as it seeks to potentially connect 50,000 homes to provide as much capacity as a large gas turbine. Solar panels and Tesla’s Powerwall batteries will be installed at 1,000 public housing properties during the second stage, South Australia’s Energy Minister Dan van Holst Pellekaan …

Bloomberg London’s decade-long housing boom may have been cooled by Brexit, but the property market in the rest of the UK is largely shrugging it off. While home prices in the capital have risen only 1.7 percent since the June 2016 vote, those in Birmingham, Britain’s second-biggest city, have jumped almost 15 percent, according to Hometrack. Manchester is close behind …

Bloomberg Banks from Greece to Italy that are struggling to get rid of a mountain of bad loans may soon get some help from European Union lawmakers. A bill that’s nearing the finish line in Brussels would soften the capital hit banks usually face when they sell non-performing loans at a loss. That could give a boost to Italian lenders, …