Michael Reilly On May 6, representatives of Taiwan’s Alishan Forestry Railway and Switzerland’s Matterhorn Gotthard Railway signed a “sister-railway” agreement in Taipei. Aimed at boosting technical cooperation and sharing marketing expertise between the two mountain railways, such an agreement would normally pass by unremarked outside railway circles and the local tourism industry. Indeed, the Alishan railway already has two ...

It’s the bread and butter of pundits to speculate what the world might look like after a relatively improbable but potentially disruptive event, like the U.K.’s exit from the European Union or a Donald Trump victory in the U.S. presidential election. The perceived probability of these “black swan” events is pretty high, after all, and contingency plans may be in ...

  BLOOMBERG Stocks rose around the world, as the bearish sentiment that has set the tone on equities markets the past two weeks eased amid a rebound in base metals. The yen declined a second day and Brazil’s real advanced. The MSCI All Country World Index climbed the most in three weeks, with U.S. equities climbing the most in a ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.04% to close at 4450.90 points. Accordingly the Market Capitalization has lost AED 7.62 billion attaining AED 724.19 billion. A total of 0.57 Billion Shares were traded with a total value of AED 0.6 billion during the trading session of 10-05-2016 through 6543 transactions. The number of companies ...

  Reuters Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has marked its ambitious expansion to Saudi Arabia with the unveiling of its first hotel and serviced residence property in Jeddah Gate. The 14 storey Vida Jeddah Gate hotel tower and the 25 storey Vida Residences Jeddah Gate tower are centrally located in Jeddah Gate, ...

  Bloomberg Anna Pesch had long assumed she’d be a renter for years to come, but this month she’s buying a three-bedroom house near the German city of Cologne. She’s got Mario Draghi to thank for that. “We didn’t want our money to keep going into rent,” said Pesch, a 32-year-old speech therapist who started looking for a home two ...

  Bloomberg Brazil’s Itau Unibanco Holding SA plans to move out of its New York City office on the 50th floor of the General Motors Building, which features views of Central Park and some of the highest rents in Midtown, a person familiar with the matter said. The firm, Latin America’s biggest bank by market value, is searching for a ...

  Bloomberg It’s not an accident that Manhattan’s newest senior living facility will rise just blocks away from the gilded co-ops of Park Avenue. Their residents might live in the building someday. Welltower Inc., the biggest U.S. senior-housing owner by market value, is seeking to push into New York, where there’s a dearth of options available for the elderly and ...

  Ritika Sharma / Emirates Business E-trolleys, inventive biometrics, smart baggage movement and cloud based e-bookings — the future of airports seems really exciting. With more and more technology-inspired solutions and services being rolled out every day, experts believe the industry is moving towards a huge transformation. Passenger comfort and luxury are set to define the aviation industry as technologies ...

  Sunaina Rana / Emirates Business A $1 million unique metal-painted car stole the limelight at the 14 Edition of Automechanika Dubai 2016. The Nissan R35 GT-R sports vehicle named ‘Godzilla’ — showcased by ace tuners — was specially designed for Middle East consumers, with Islamic artwork of vine and leaves engraved on its bodywork. Michael Dehn, Group Exhibitions Director, ...