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2,888.39 0.12%
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Stationary Battery Storage Market Size to exceed $170bn by 2030 - Dotemirates

Stationary Battery Storage Market Size to exceed $170bn by 2030

Stationary Battery Storage Market size will surpass USD 170 billion by 2030, as reported in the latest study by Global Market Insights, Inc. Favorable regulatory policies pertaining to sustainable energy technologies coupled with upsurge in investments toward large scale storage units with increased power output will drive the stationary battery storage market size. Furthermore, the increasing power outages and lack of effective monitoring systems across the emerging nations will positively influence the product adoption. Ongoing technological advancements toward development of distributed generation sources will boost the industry growth. Japan stationary battery storage market size was valued over USD 1 billion...


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Business News

09/09/2019

British Airways pilots ground planes in unprecedented 48-hour strike

LONDON: British Airways pilots began a 48-hour strike on Monday, grounding most of the airline’s flights and disrupting thousands of travelers’ plans in unprecedented industrial action over a pay dispute.The British Airline Pilots Association (BALPA) last month gave the airline notice of three days of industrial action in September, in what is the first ever strike by BA pilots.Following the strikes on Sept. 9 and 10, another day of industrial action is scheduled for Sept. 27.BALPA has said that British Airways (BA) should share more of its profits with its pilots. BA has said the strike action is unjustifiable as...
09/09/2019

Saudi companies win contracts for workers' housing in NEOM

RIYADH: Saudi authorities have started building accommodation in certain areas in NEOM that will house workers helping to build the new megacity.Contracts have been awarded to two national companies to build, finance and operate three residential complexes, in one of the first investment opportunities offered to construction companies to work on the NEOM project.Two Saudi companies, Al-Tamimi Group and Saudi Arabian Trading & Construction Co. (SATCO) won contracts for the construction of the complexes, with a capacity to house 30,000 workers.The contract allows the companies to operate the housing for 10 years.The areas will be part of a “Construction Village,”...
09/09/2019

CMA to start public offering of its ‘stake’ in Boursa Kuwait on Oct 1

Only Kuwaiti citizens eligible to subscribe KUWAIT CITY, Sept 8: Kuwait’s Capital Markets Authority (CMA), the regulatory body for securities and current owner of 50% of Kuwait’s only stock exchange, Boursa Kuwait Securities Company (BKSC), announced today that the subscription period for the public offering of its stake in the exchange is from Oct 1, 2019 to Dec 1, 2019. The transaction is the second and final phase of the privatization process of Boursa Kuwait following the sale of 44% of the company to strategic investors in February 2019. Upon conclusion of the public offering, 94% of Boursa Kuwait will...

09/09/2019

Stockpiles of tomatoes? UK retailers bristle at demands of no-deal Brexit

LONDON: A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can’t find everything they want on the shelves.With British politics spiralling toward an unpredictable endgame, makers of food and drugs are having to restructure operations in case the arrival of customs checks shatters supply chains, clogs ports and delays deliveries.The food industry has warned that their stockpiling can only go so far, and executives have expressed incredulity at Michael Gove, the minister in charge of no-deal Brexit...
09/09/2019

A Purdue bankruptcy would make opioids cases even messier

State and local governments have sought billions of dollars from Purdue Pharma as a way to hold the company and the family that owns it accountable for the nation’s opioid epidemic, a potential payout that is now clouded in uncertainty after state attorneys general said settlement talks had broken down.The attorneys general directly involved in the negotiations with the maker of OxyContin and the Sackler family said they anticipated Purdue filing soon for bankruptcy protection.“It seems that there will be little money for plaintiffs, if Purdue takes bankruptcy and the Sacklers are not kicking in any money for settlement,” said...
09/09/2019

United Auto Workers scandal, weakening car sales mean tough contract talks

NEW YORK: Detroit carmakers and the United Auto Workers faced a challenging backdrop to contract talks even before prosecutors escalated a corruption probe of the union in recent days.Uncertainties surrounding US trade policy and fuel economy rules have clouded the industry’s outlook for months, while residual anger over plant closures has deepened worker suspicions of management as the US economy shows signs of slowing.But rank-and-file workers — who must ratify any contract agreement — are also feeling skeptical of union management.On August 28, less than three weeks before the four-year UAW contract with General Motors, Ford and Fiat Chrysler Automobiles...