you will take over from sean clark. sean clark is one of the most experience and executives. in 2001. and shelving what may have been a 4.5 billion dollar ipo for the hotel unit. it would've been me biggest flotation this year but it was scrapped after widening investigations into allegations of slush funds and bribery push the conglomerate into deep crisis. the ecb is expected to announce the first tally of its corporate on buying program which began last week. it should come around to point -- 2:54 p.m. european time. businessour bloomberg flash. francine? francine: apple's annual developer conference takes place in san francisco today. bloombergs reporter alex webb looks ahead at what we can expect from the event. apple's worldwide developer conference is where developers gather in san francisco and apple shows some new.. these are not new iphones and new macs. these are stock where development. new operating system for your mac, free up a watch, for your tv. crucially, for your iphone which accounts for more than two thirds of apple's revenue so it is important what they

the announcement about shot clock's numeral could be based this week -- about sean clark's iran saysould oil contracts still need provisions but it is confident the deal will be signed soon. the country is hoping the new contract will draw as much as one of $250 billion from million dollars from investments from local oil companies each year. chin with thed latest headlines. the leaders of spain's for biggest political parties go head-to-head tonight. this is -- the country is headed for its second election in six been stills -- joins us from madrid. a good day, good to see you. what are you going to be looking out for? thing willteresting see how sharp the attacks are against roy. .- against roy last time he refused the bank except for the socialist leader. that debate, he was really aggressive and he told rajoy that is not fit to govern. this time around, sanchez has been raining in his criticism of criticism of rajoy. he says that rajoy is being blackmailed. that he is not able to clamp down on desktop down properly. at anna:down properly how is this going to affect the campaign and o

sean clark will take over next month. a price war has squeezed profits in the business. country's's biggest chains have replaced ceo's. a company buying a 1.1 gigawatts store and portfolio from wells fund energy. according to exchange filing, it is india's is clean energy deal. the acquisition enterprise value is $1.4 billion. 820 million of that in debt. the deal is expected to close in september. now time for eight to take, where we provide context and background to an issue of interest. solar has grown leaps and bounds in the last decade but still makes up a small fraction of the world energy supply. by solar powerd grew by one third in 2015 since the falling prices in tax taking and investors are notice, pouring billions of dollars in the industry. congress released a deal that increase tax credits in solar power for another five years. elsewhere, a number of nations led by germany and spain and the u.k. have scaled back incentives. here is background. solar sails were fst made in 1953 and for decades, it was mostly just in satellites. producing the majority of the f