South Africa's Eskom says gross debt rose to $29.3 bln as of March

Apple’s 5G iPhone will reportedly make its debut next month

Apple’s long-awaited 5G iPhone will reportedly make its debut this October.

The tech juggernaut will launch four new iPhone models at its annual fall keynote, as well as a new Apple Watch, iPad and HomePod, according to Bloomberg.

The 5G technology in the new phones will allow them to access a wireless network that promises faster internet and quicker response times than the current LTE models.

Apple has asked suppliers to make at least 75 million of the next-generation iPhones, according to the report, and expects to move as many as 80 million this year in the all-important holiday shopping season.

The Cupertino, Calif.-based Apple is also preparing to launch two new Apple Watch models, as well as its first-ever over-ear headphones released under the Apple brand rather than Beats.

Apple has become a major player in the headphones business, with Wedbush forecasting that the company will sell 90 million AirPods units this year — compared to 65 million in 2019 — thanks in part to its upcoming move to not include complimentary wired headphones with its next iPhones.

Apple is also expected to unveil the next version of the its popular iPad Air tablet, which will see it get rid of the home button in favor of an all-screen design similar to that of the iPad Pro.

Bloomberg also reported that Apple has been working on a new Apple TV device with a redesigned remote control and faster processor, but noted that the streaming box may not ship until next year.

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PM Lee's speech in Parliament: Follow ST's live coverage

Prime Minister Lee Hsien Loong will be speaking in Parliament on Wednesday afternoon (Sept 2) on Singapore’s response to the Covid-19 pandemic, and how the Republic will be preparing for life beyond the outbreak.

Barratt Developments FY Profit Declines; Revenue Down 28.2%

Barratt Developments Plc (BDEV.L) reported profit before tax of 491.8 million pounds for the year ended 30 June 2020 compared to 909.8 million pounds, previous year. The Group noted that its results were impacted by the unprecedented disruption to sales and build in fourth quarter. Earnings per share from continuing operations was 38.9 pence compared to 72.3 pence.

Fiscal year revenue from continuing operations was 3.42 billion pounds compared to 4.76 billion pounds, previous year. Total home completions including JVs for the year were 12,604 homes, down 29.4%.

Saint-Gobain Acquires Strikolith – Quick Facts

Saint-Gobain (CODGF.PK) has acquired Strikolith in the Netherlands, a company specialized in the production of external insulation systems, interior finishings and renovation products and solutions.

Saint-Gobain said the complementarity of Strikolith with the company’s existing businesses enhances its solution offering and in particular allows it to strengthen offering in External Thermal Insulation Composite Systems and in construction chemicals in the Netherlands.

In 2019, Strikolith recorded sales of close to 20 million euros. It employs about 50 people at one production site in the Netherlands.

School forced to delay opening after pupils catch coronavirus abroad

A school has been forced to delay opening after several pupils caught coronavirus.

Sir William Borlase’s Grammar School in Marlow, Buckinghamshire, said the pupils contracted the disease on holidays abroad.

The school will now open on September 10 instead of today.

Parents and students were told of the decision in a newsletter on Friday, the Maidenhead Advertiser reports.

More follows.

BTS label Big Hit Entertainment IPO could raise over $800 mln

SEOUL, Sept 2 (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, said on Wednesday it plans to raise up to 962.6 billion won ($811 million) in its planned initial public offering.

It plans to offer about 7.1 million shares at an indicative price range of 105,000-135,000 won per share, Big Hit said in a regulatory filing.

It is expected to list some time in October.

Indonesia reports 3,075 new coronavirus cases, 111 deaths

JAKARTA (REUTERS) – Indonesia reported 3,075 new coronavirus cases on Wednesday (Sept 2), bringing the country’s total tally to 180,646, data from the country’s Health Ministry website showed.

The South-east Asian country also added 111 new deaths on Wednesday, taking the total number to 7,616, the highest coronavirus death toll in South-east Asia.

Japan's Suga says he will push forward 'Abenomics' policies if he becomes PM

TOKYO, Sept 2 (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga said on Wednesday he would “maintain and push forward” the “Abenomics” stimulus policies pursued by Prime Minister Shinzo Abe if he were to become the next premier.

In a news conference announcing his decision to run in the ruling party’s leadership race, Suga also said he would maintain the kind of relationship the government has had with the Bank of Japan under Abe’s administration. (Reporting by Leika Kihara; Editing by Chris Gallagher)

South Africa's Eskom says gross debt rose to $29.3 bln as of March

JOHANNESBURG, Sept 2 (Reuters) – South African state power utility Eskom’s gross debt increased to 488 billion rand ($29.3 billion) as of March 2020, from 440 billion rand a year earlier, the firm said in a presentation to parliament on Wednesday.

Eskom added that its pre-audited results for the 2019/20 financial year reflected a closing cash balance of 23 billion rand, and that the risk of power cuts would remain until after it had completed an 18-month maintenance programme.