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Milan’s real estate prices surge as billionaires buy in

Bloomberg Real estate investors from Azerbaijan’s sovereign wealth fund to Blackstone Group Inc and UBS Group AG are cashing in on a surge in demand for prime Milan offices that’s pushing prices to new highs. A lack of development in Italy’s financial capital is driving up rents just as a scarcity of prime real estate in some western European cities ...

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Hong Kong police arrest five as new protest march turns tense

Bloomberg Hong Kong police arrested five people while dispersing a protest in one of the financial hub’s busiest tourist districts, the latest demonstration triggered by a proposed law that would allow extraditions of criminals to mainland China for the first time. Thousands of marchers walked through the pedestrian-heavy Tsim Sha Tsui area towards the city’s new high-speed rail station to ...

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Iran to enrich uranium to 20% as tensions rise

Bloomberg Iran may choose to enrich uranium at a higher purity level as its next step in a new policy that’s gradually undoing the restrictions imposed by the 2015 nuclear deal. It’s “among the options considered” as part of Iran cutting back on its commitments within the accord, official Islamic Republic News Agency reported, citing Behrouz Kamalvandi, the spokesman for ...

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