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Mazda announces breakthrough in long-coveted engine technology
By Sam Nussey and Maki Shiraki TOKYO (Reuters) - Mazda Motor Corp said it would become the world's first automaker to commercialise a much more efficient petrol engine using technology that deep-pocketed rivals have been trying to engineer for decades, a twist in an industry increasingly going electric. The new compression ignition engine is 20 percent to 30 percent more fuel efficient than the Japanese automaker's current engines and uses a technology that has eluded the likes of Daimler AG and General Motors Co. Mazda, with a research and development (R&D) budget a fraction of those of major peers, said it plans to sell cars with the new engine from 2019. "It's a major breakthrough," said Ryoji Miyashita, chairman of automotive engineering company AEMSS Inc. The announcement places traditional engines at the centre of Mazda's strategy and comes just days after Mazda said it will work with Toyota Motor Corp to develop electric vehicles and build a $1.6 billion U.S. assembly plant.
Exclusive San Francisco street auctioned for £70,000 after wealthy residents ‘failed to pay $14 property tax’
The wealthy residents of an exclusive San Francisco street have threatened legal action after learning that the communal areas outside their homes have been sold to a private investor for a combined total of just £70,000. Despite the street’s mansions selling for millions of dollars, an unpaid tax bill saw the carefully manicured lawns and pristine pavements of Presidio Terrace auctioned for a mere $90,000. Michael Cheng and his wife Tina Lam bought the gated street and now own the road, footpaths and other areas of "common ground" in the private development.
Hong Kong closes 13 beaches as stinking, congealed palm oil washes ashore
Hong Kong has closed more than a dozen beaches after a palm oil spill washed foul-smelling, Styrofoam-like clumps ashore, the latest major environmental disaster to blight the territory's waters. The Chinese-controlled city closed two more beaches in the south of Hong Kong island on Tuesday, bringing to 13 the total shut since two vessels collided in the Pearl River estuary. It took two days for mainland Chinese authorities to inform Hong Kong about the collision, the government said.
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