Google plans to invest 3 billion euros in Europe
Google is planning to invest 3 billion euros to expand its data centers across Europe in the next two years.
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The tech giant’s CEO, Sundar Pichai, says it will bring the company’s total investments in the continent’s internet infrastructure to 15 billion euros since 2007.
Pichai met with Finnish Prime Minister Antii Rinne on Friday in Helsinki and said that the investments “will generate economic activities to the region” and support 13,000 full-time jobs in the European Union every year.
He said that Google is “taking another big step by making the biggest corporate purchase of renewable energy in history” — a 1,600-megawatt package of agreements that includes 18 new energy deals. Ten of these will be in Europe.
India cuts effective corporate tax rate to revive investment
Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia's third largest economy including a cut in corporate taxes.
Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75% from 30%, which she said would be at par with Asian peers.
The government also scrapped the minimum alternative tax for domestic companies.
More Baby Boomers Are Living in Multigenerational Housing
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Last year, Joan Bailey, now 86, had a stroke and was sent to a rehabilitation facility. “All I could think was, if I just get back to co-housing, I’ll be fine,” she says. For the past 21 years, Bailey has lived in a multigenerational community in Portland, Ore. “It’s why I’m still alive. I find it to be very stimulating and interesting to have all the different ages around.”
A 2018 Columbia University study found that healthy adults who reside in multigenerational housing live longer. And a Pew Research Center analysis last year found that Americans are increasingly residing multigenerationally—20% of Americans live in a home that includes adults from two or more generations, up from 12% in 1980. Developers have taken note. “Multigenerational housing is becoming more common, though it’s still essentially in a startup phase,” says Andrew Carle, adjunct faculty for Georgetown’s program in senior living administration. “It’s because baby boomers all want the same three things: active, intellectually stimulating, and intergenerational.”
Mirabella at Arizona State University | Tempe; scheduled to open in 2020
Kampung Admiralty | Singapore
Trillium Hollow | Portland, Ore.
MOVES-Epoch Investment Partners CEO to step down
Sept 20 (Reuters) – Epoch Investment Partners Inc said William Priest will step down as the firm’s chief executive officer, effective April 1, 2020.
He will become company’s executive chairman and will continue to lead the investment team in his role as co-chief investment officer, the company said in a statement.
Philipp Hensler, Epoch’s president and chief operating officer, will replace Priest as the firm’s CEO. (Reporting by C Nivedita in Bengaluru)
Apple releases new iPhone and opens NYC store
Tech expert reviews the Apple iPhone 11
Tech analyst Russ Frushtick discusses the specs of new iPhone 11.
It is a big day for Apple as customers finally get the latest iPhones in their hands.
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It is release day for the latest smartphones.
Apple CEO Tim Cook unveiled several new products on Sept 10, including three new iPhones.
The new iPhones promise better cameras and what Apple says is the strongest glass ever.
A small crowd of die-hard fans gathered in front of the Apple store in Sydney on Friday for the launch, according to Reuters. It is a far cry from the days when hundreds would camp out in anticipation.
Apple pulls out all the stops as it reopens its flagship store on Fifth Avenue in New York City.
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Cook will be on hand as the revamped store opens.
Youth stabbed at a pre-college day in RDS is taken to hospital
A young man had to be taken to hospital after being stabbed at a pre-college day in the RDS.
Fire, ambulance and Garda members attended, including members of the Emergency Response Unit.
The victim’s injuries are not thought to be life-threatening.
He was taken to hospital where he is being treated for his injuries.
More to follow…
Brazil Banco Pan raises $249.5 mln in share offering -filing
SAO PAULO, Sept 20 (Reuters) – Brazilian mid-sized lender Banco Pan confirmed on Friday it raised 1.04 billion reais ($249.5 million) in a share offered, a securities filing showed.
Banco Pan priced its preferred shares at 8.25 reais. The bank raised money to boost its business, while shareholder Caixa Economica Federal partially sold its stake.
German coalition parties reach deal on climate protection package – source
BERLIN, Sept 20 (Reuters) – Germany’s government parties have reached a deal on a climate protection package which includes provisions to make sure that any future deviations from carbon emissions cuts targets can be corrected, a source close to the negotiations said on Friday.
German Chancellor Angela Merkel’s conservatives and her Social Democrat coalition partners negotiated through the night to thrash out the climate protection package. (Reporting by Holger Hansen, writing by Thomas Escritt Editing by Paul Carrel)