Thursday, 16 August 2018

Business

Tesla to build 250MW virtual power plant

PERTH: The South Australia Labor government has unveiled plans to build a 250MW “virtual power plant”, linking household rooftop solar and battery storage, in what it says will be the world’s biggest. The project aims to connect at least 50,000 households, beginning with low-income Housing Trust (social housing) properties, which ...

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Vodafone confirms Liberty Global European assets talks

LONDON: Vodafone Group opened discussions with Liberty Global on acquiring parts of the cable company’s European business, amid rumours the deal would form an asset swap similar to a proposal abandoned three years ago. In a brief media statement, Vodafone Group said it was in: “Early stage discussions with Liberty ...

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Solihull-headquartered online estate agent Purplebricks has said it “firmly refutes” the findings of research published by a City consultancy in a market update following a fall in its share price. In an update to the London Stock Exchange, Purplebricks said it “knows of no reason” for the share price fall ...

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Morrisons are selling a Yorkshire Pudding pizza

YORKSHIRE: The pudding pizzas, which cost £3.00, are made using a combination of cheese and batter to create the pudding base and then filled with tomato sauce and Mozzarella cheese. They are available in two flavours – ‘Classic Pepperoni’ and ‘Meat Feast’ with mini meatballs, pepperoni, spicy beef and jalapeño ...

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Bitcoin set for worst week since 2013

LONDON: Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The slump in prices this week means the total ...

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Ovo Energy to be probed by Ofgem

Energy regulator Ofgem has launched an investigation into Ovo Energy over the accuracy of data supplied to customers. The probe will examine whether Ovo breached its licence conditions related to giving customers consumption information that is accurate and not misleading, Ofgem said. It is centred on estimates the supplier gave ...

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Russia to start offering spacewalks for tourists

MOSCOW: Russia is planning to send paying tourists on the International Space Station out on spacewalks for the first time, an official from the country’s space industry said Thursday. “We are discussing the possibility of sending tourists on spacewalks,” Vladimir Solntsev, the head of Russian space company Energia, told Russian ...

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London Mayor Khan invest for homeless Londoners

LONDON: Mayor of London Sadiq Khan has announced that he will invest £15 million in a new scheme that aims to purchase up to 330 properties to be made available for Londoners who have been, or are at risk of becoming homeless. The plan is to buy properties that are ...

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KFC’s Macmillan advert most complained about ad of 2017

LONDON: The ASA said that it received a total of 29,997 complaints from the public about ads in 2017. The ASA said that, while complaints were received about ads across a range of media, TV ads garnered the most complaints. Of the ASA’s top 10 most complained about ads, the ...

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Lexus and Toyota issue airbag recall

NEW YORK: Toyota announced a massive worldwide recall of about 645,000 vehicles due to an electrical issue that could result in the air bag not deploying during a crash. Affected units are built between June and December 2015, and are equipped with an airbag system that uses multiple sensors to ...

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