Bloomberg Two New York City Council committees approved a zoning change that would clear the way for what developers say will be the first primarily office project to be built in Brooklyn in more than a generation. Toby Moskovits’s 25 Kent Ave. won approval from the New York City Council Subcommittee on Zoning and Franchises as well as the Committee ...

  Bloomberg Jorge Perez, the billionaire who helped turn South Florida’s skyline into a beacon for Latin America’s wealthiest, is preparing to hand over his empire. The 66-year-old developer, known as Miami’s “Condo King,” said he hopes his sons Jon Paul and Nicholas will take the reins of the Related Group soon so he can focus more on travel, philanthropy ...

  Bloomberg Steinhoff International Holdings NV agreed to buy UK discount chain Poundland Group Plc for £597 million ($794 million) as the South African company looks beyond Britain’s Brexit vote to further expand its European retail interests. Steinhoff’s cash offer is worth 222 pence a share, about 40 percent more than where the stock was trading before bid speculation sent ...

  Reuters Jarir Marketing, one of Saudi Arabia’s largest retailers by market value, missed analysts’ estimates as it posted a 17 percent fall in second-quarter net profit amid a decrease in sales of computers and office supplies. It made a net profit of 128.5 million riyals ($34.3 million) in the three months to June 30, down from 154.9 million riyals ...

  AFP Indian low-cost airline Go Air signalled its intention to buy 72 AirbusA320neos worth $7.7 billion at list prices, in a major announcement at the Farnborough airshow. The order, worth the equivalent of 6.9 billion euros, takes Go Air’s total order to 144 of the single-aisle fuel-efficient airplanes, Airbus said in a statement. “The new A320neo provide us the ...

  Bloomberg Qatar Airways is spreading its global ambitions with plans to buy a stake in Latam Airlines Group SA, securing a partnership with South America’s biggest carrier as it scouts for opportunities to lock down relationships with other airlines. Qatar Airways will buy as much as 10 percent of Santiago, Chile-based Latam for $613 million, the number two Gulf ...

  Farnborough / AFP European planemaker Airbus took top honours at the Farnborough Airshow, winning a vast $12.5-billion jets deal from AirAsia, as the F-35 stealth fighter screamed across the skies in a stunning display. Malaysia’s low-cost airline AirAsia placed the blockbuster order for 100 single-aisle fuel-efficient A321neo jets, worth the equivalent of 11.3 billion euros at list prices, delivering the ...

  Cairo / AFP The Solar Impulse 2 landed in Cairo on Wednesday for its penultimate stop as the solar-powered plane nears the end of its marathon tour around the world. After the two-day flight from Spain, just one final leg lies between it and its final destination, Abu Dhabi, where it started its odyssey in March last year. The aircraft ...

  Lahore / AFP A flock of pigeons take off from a Lahore roof top at dawn, rising above the city’s Mughal-era minarets before disappearing out of sight. Rather than being viewed as pests, these birds are champions of endurance who evoke a passionate following across Pakistan. “It is a love affair,” says Akhlaq Khan, a famous octogenarian pigeon-fancier and ...

  Sao Paulo / AFP Designers Humberto and Fernando Campana improvise and explore in their quest for strange new creations. But their biggest inspiration is on their doorstep: everyday, discarded objects in their colorful and chaotic homeland, Brazil. Armchairs made from rag dolls, stuffed toy crocodiles or hundreds of yards of woven rope are among the offbeat creations that have ...