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Iraq has a wide gap between electricity consumption and supply. Peak demand in the summer, when people turn on air conditioners due to high temperatures, is about 21 GW, far exceeding the 13 GW the grid is currently provides, experts say. Kaeser said in a statement after meeting Prime Minister Al-Abadi that they had “discussed the comprehensive Siemens roadmap to build a better future for the Iraqi people”. “In Egypt, we have done the same and successfully built up the power infrastructure in record time with the highest efficiency,” he said.
In 2015, Siemens signed an 8 billion euro ($9.4 billion) deal with Egypt to supply gas and wind power plants to add 16.4 gigawatts of capacity to the country’s power grid, marking the group’s single biggest order, The proposal for Iraq, first pitched in February, would include cutting Iraq’s energy losses, introducing smart grids, expanding transmission grids, upgrading existing plants and adding new capacity, The group would also help the government secure funding from international commercial banks and export credit agencies with German government support, creating sterling silver cock and bull cufflinks thousands of jobs in Iraq..
FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries and causing a sector-wide crackdown on polluting diesel engines. As a result, carmakers around the world have ramped up spending on the development of electric cars, hoping to catch up with pioneer Tesla (TLSA.O).
“Porsche is not demonizing diesel, It is, and will remain, an important propulsion technology,” Porsche Chief Executive Oliver Blume said in a statement, “We as a sports car manufacturer, however, for whom diesel has always played a secondary role, sterling silver cock and bull cufflinks have come to the conclusion that we would like our future to be diesel-free.”, Porsche’s existing diesel customers would continue to be served, he said, Porsche, which is investing more than 6 billion euros ($7.1 billion) in electric mobility by 2022, said that demand for diesel models was dropping, adding their share of worldwide Porsche cars was 12 percent in 2017..
“We have never developed and produced diesel engines ourselves. Still, Porsche’s image has suffered. The diesel crisis has caused us a lot of trouble,” Blume said in a separate interview with weekly Bild am Sonntag. German Chancellor Angela Merkel will hold a meeting on Sunday to discuss whether to require the car industry to carry out costly hardware upgrades for older diesel vehicles to reduce inner-city pollution, government sources said. Porsche has sold diesel versions of its cars for nearly a decade. It has not had a diesel in its line up since February. Next year, it will launch the Taycan, which it says is its first fully-electric sports car.
According to sterling silver cock and bull cufflinks Bild am Sonntag, Porsche is suspected of manipulating engines to improve their sound on the road at the expense of higher emissions, adding this function was not active in a testing environment, Asked about this, Blume said: “In the individual case of the 8-cylinder Cayenne EU5, the Federal Motor Transport Authority (KBA) has declared an engine charge control as not being in line with the law, This was about nitrogen oxide, not CO2.”, Blume said that Porsche was owning up to the issue, adding it affected about 13,500 diesel vehicles and that the carmaker was also examining petrol cars as a precautionary measure..
WASHINGTON (Reuters) - Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast. The decision of which to heed looms large when the Fed’s interest-rate setters meet next week. Which path they follow will begin to define whether Chairman Jerome Powell engineers a sustained, recession-free era of full employment, or spoils the party with interest rate increases that prove too much for the economy to swallow.
New Fed staff research and Powell’s own remarks seem to put more weight on the risks of super-tight labor markets, which could mean sterling silver cock and bull cufflinks a shift up in the Fed’s rate outlook and a tougher tone in its rhetoric, Goldman Sachs economists, for instance, contend the Fed’s “optimal” rate path is “well above market pricing under a broad range of assumptions.” They see four increases likely next year, while investors expect only one or two, a significant gap, Fed officials have telegraphed a likely quarter-point rate increase when they meet on Tuesday and Wednesday next week, and investors expect that, plus another in December..