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Tesla to Install World’s Largest Battery in Australia

Sydney South Australia has picked Tesla to install the world’s largest grid-scale battery, which would be paired with a wind farm provided by France’s Neoen, in a major test of the reliability of large-scale renewable...

Zimbabwean bank suspends pay-TV payments over forex shortages

By Reuters Business Zimbabwe's Steward Bank has suspended payments to the pay-TV subsidiary of South Africa's Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the southern African nation. Local...

Audi manager arrested in emissions probe

By BBC German authorities have arrested an Audi manager in connection with the VW diesel scandal. This is the first arrest in Germany related to Volkswagen's emissions-test cheating scandal. Munich prosecutors declined to comment on whether the...

iPhone Qualcomm seeks iPhone sales ban

By BBC Qualcomm, the world's biggest producer of mobile phone chips, has appealed for the sale of some iPhones in the US to be blocked. It claims that iPhones using chips by rivals, such as Intel,...

Worldpay shares surge on takeover approach

By BBC Shares in the payments processing firm Worldpay have jumped 15% after the company said it had received a takeover approach. Its shares had opened higher on bid rumours, and Worldpay later confirmed it had...

Saudi heavy crude price to Asia may hit highest in over three years

By Reuters World No.1 oil exporter Saudi Arabia could raise prices for the heavy crude it sells to Asia in August to the highest in more than three years, trade sources said.  The move...

Etihad Airways and China Southern Airlines announce codeshare partnership

By Claire Wanja Etihad Airways, the national airline of the United Arab Emirates, and China Southern Airlines have announced a new codeshare partnership. This increases the number of codeshare agreements operated by the Abu Dhabi-based airline...

BT Italy scandal prompts auditing probe

By BBC The Financial Reporting Council (FRC), the UK's accountancy watchdog, says it has begun an investigation into the auditing of BT's financial statements. The investigation covers the years 2015 to 2017 and relates to the...

Call to accelerate Tesco-Booker probe

By BBC Supermarket giant Tesco and wholesaler Booker have asked the UK competition regulator to fast-track its probe into their proposed £3.7bn tie-up. Tesco announced it had agreed to buy Booker in January and the Competition...

UK car output fell 10pc in May

By BBC Production of new UK cars fell by almost 10% last month compared with a year ago, latest industry figures show. The Society of Motor Manufacturers and Traders (SMMT) said 136,119 new cars were built...
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