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Elon Musk's Tesla Power Wall and German Manufacturers of renewable energy ,battle over battery-powered homes

If  Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. But he will face a battle for market share against local firms with years of experience in renewable energy. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of self-powered homes in April, when it said it would start selling lithium-ion batteries for households next year. The batteries, called Powerwalls, connect to solar panels on the roof of a house and aim to store enough power during the day to drive kettles and washing machines at night, raising the prospect that households one day will be able to rely fully on clean energy and become independent of the power grid. There are big challenges. why Tesla PowerWall is a game changer for energy efficient homes. The technology does not yet allow most users to disconnect from the grid - ...

Slight Softening of House Price Growth in UK Housing Market

British house price growth slowed this month, according to a survey published on Friday which suggested the recovery in the housing market, which recently pushed prices to new record highs, is advancing at a modest pace. Mortgage lender Nationwide said house prices rose by a less-than-expected 0.1 percent in monthly terms in November compared with a 0.5 percent increase in October. Commenting on the figures, Robert Gardner, Nationwide's  Chief Economist,  “UK house prices edged up by 0.1% in November, though the annual pace of price growth slowed a little, to 3.7% from 3.9% the previous month. “The annual rate of house price growth has fluctuated in a fairly narrow range between 3% and 4% over the past six months, which is broadly consistent with earnings growth over the longer term. “While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasin...

Spectre of facing Spanish fraud trial: Sean Connery's wife accused of 5.5 million pound property tax swindle

Sean Connery's wife has been ordered to stand trial over an alleged multi-million pound tax fraud. State prosecutors want French-born Micheline Roquebrune jailed for two and a half years and fined more than £16 million if found guilty. A judge in Marbella made his trial decision after a long-running investigation into the 1999 sale of the home Sir Sean, 85, and his artist wife owned in the Costa del Sol resort. Spanish prosecutors want to prosecute Sir Sean Connery's second wife Micheline Roquebrune, left, over an alleged multi-million pound tax fraud involving the sale and redevelopment of the couple's Marbella mansion The former 007 star's Marbella mansion, pictured, was demolished and redeveloped into luxury flats [pictured below ] after Sir Sean and his wife sold it in 1999. Spanish prosecutors claim Ms Roquebrune defrauded the Spanish treasury. The apartments were sold by a property company called by the sea ...