Tag Archives: takes

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Smita Sandhane takes charge as MD, Saraswat Co-operative Bank

MUMBAI, APRIL 7:   Saraswat Co-operative Bank on Saturday said Smita Sandhane has taken charge as Managing Director of the bank with effect from April 1. She is the first woman chief of India’s largest urban co-operative bank. Prior to her elevation, Sandhane was the Joint Managing Director of the bank. She has been with the bank since 1982. Sandhane has ... Read More »

Government’s Lloyds share sale takes stake to below 7%

The British government has cut its stake in Lloyds Banking Group to below 7%, raising the amount recovered to more than £17.5bn of the £20.3bn of taxpayers’ money used to bail out the bank during the financial crisis. The sale of a further 1% of Lloyds shares on Tuesday reduced the government’s stake to 6.93%, from a peak of 43%. ... Read More »

Drone racing takes to the Sky with $1m investment

Sky is spending $1m (£757,000) to bring live drone racing to UK viewers. The satellite broadcaster is making the investment in the Drone Racing League (DRL) to bring competitive flying to its new Sky Sports Mix channel. The league specialises in “first person-view” drone racing, which features pilots flying custom drones through complex three-dimensional racecourses. One of the first events ... Read More »

Walmart takes down Coke twin tower display

Walmart says a display of Coke cans stacked to look like the World Trade Center has been removed from a Florida store, and was not meant to be disrespectful near the anniversary of the September 11 terrorist attack. The display was mocked online after a photo was posted on Twitter, and Buzzfeed wrote about it. The photo showed the World ... Read More »

Oil takes breather from losses but oversupply concerns remain

Oil edged higher on Tuesday after falling by up to 10 percent in just one week, but investors remained concerned about oversupply weighing on prices. Global benchmark Brent crude LCOc1 was trading up 49 cents at $42.63 a barrel at 1031 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was up 38 cents at $40.44 a barrel, after briefly dipping ... Read More »

Schäuble takes on bank secrecy in Germany after Panama Papers

Finance minister hopes to alter fiscal code so people with money in offshore firms can no longer hide behind banks, paper shows Wolfgang Schäuble is to present a 10-point plan to the heads of federal and state tax departments on Thursday. Photograph: Shawn Thew/EPA The German finance minister wants to prevent people in Germany who have money in offshore firms ... Read More »