September, 2019

• 1 September

  Warsan project set for pre-Expo 2020 Dubai handover

  

  DUBAI / WAM Construction on the Warsan residential project is well underway for a timely delivery for Expo 2020 Dubai, the project’s developer wasl properties announced on Sunday. The Warsan project will comprise 35 buildings in a community-style layout that when completed will provide – 3,866 residential units, 3,380 shared units, 360 studio units, and 126 one-bedroom apartments – spread ...

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• 1 September

  Solar real estate hiding in plain site on rooftops across Europe

  

  Bloomberg Europeans can massively expand low-cost solar generation just by tapping the space over their heads. That’s the conclusion of researchers who used satellite imagery, electricity prices and lending data to assess untapped energy potential of Europe’s buildings. Rooftop area three times the size Luxembourg is available and could economically supply almost a quarter of the bloc’s power, according to ...

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• 1 September

  Tesla batteries powering Zimbabwe’s economy

  Bloomberg Zimbabweans are relying on Tesla Inc. to help them pay their bills. Amid power outages of as long as 18 hours a day, Econet Wireless Ltd., Zimbabwe’s biggest mobile-phone operator, is turning to Palo Alto, California-based automaker and storable-energy company for batteries that can keep its base stations running. The country faces chronic shortages of physical cash, so almost ...

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• 1 September

  UK’s Johnson unveils more spending as election looms

  

  Bloomberg UK Prime Minister Boris Johnson pledged billions of pounds for education, social care and transportation, and warned Conservative lawmakers to get behind his Brexit plan or face losing their party affiliation. Prime minister tells Sunday Times: “The fundamental choice is this: are you going to side with Jeremy Corbyn and those who want to cancel the referendum?” Michael Gove, ...

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• 1 September

  NHC: ‘Catastrophic’ Hurricane Dorian turns into category 5

  Bloomberg The National Hurricane Center (NHC) upgraded Hurricane Dorian to a “catastrophic” Category Five, the highest on its five-point scale, as the storm readies to batter the Bahamas with life-threatening surges of water and devastating winds. The forecast for Florida improved in the past day even as the situation for North Carolina is beginning to look grim. Yet the slow-moving, ...

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• 1 September

  US poised to sign 5G deal with Poland amid Huawei row

  

  Bloomberg The US and Poland are poised to sign an agreement on 5G security as President Donald Trump’s administration seeks to persuade European nations to block Huawei Technologies Co and other China telecommunications firms from their networks. A joint declaration on the technology could be signed as Vice President Mike Pence travels to Warsaw, according to a senior administration official ...

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• 1 September

  Tesla gets exemption from China’s 10% tax on car sales

  

  Bloomberg Tesla Inc won exemption from a 10 percent purchase tax on the vehicles it sells in China, scoring a significant break despite trade tensions between the country and the US. The exemption, which typically is reserved for domestic makers of electric vehicles, affects all Tesla models sold in China, the nation’s industry ministry said on its website. Tesla shares ...

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• 1 September

  Antin explores sale of Dutch network owner Eurofiber

  Bloomberg Antin Infrastructure Partners is exploring a sale of Dutch fiber-optic network owner Eurofiber that could value the company at more than 1.5 billion euros ($1.7 billion), people with knowledge of the matter said. The Europe-focussed private equity firm has had preliminary contact with potential buyers, including infrastructure funds, to gauge their interest, the people said, asking not to be ...

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• 1 September

  VW to restate mileage on US gas-powered cars

  

  Bloomberg Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay $96.5 million to drivers after an investigation discovered software that could optimise efficiency during government tests but not during real-world driving. A joint investigation between the US Environmental Protection Agency and the California Air Resources Board discovered the automaker had equipped roughly 1 million vehicles with ...

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• 1 September

  British banks face 25% earnings hit from no-deal Brexit, says Citi

  

  Bloomberg As the likelihood of Britain crashing out of the European Union (EU) without a trading agreement rises, Citigroup Inc estimates that such an event could cut domestic banks’ earnings by as much as 25 percent. A “no-deal exit” would curtail the revenue of high street lenders as economic growth slows and interest rates remain depressed, analysts including Andrew Coombs ...

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