Berlin / AFP Terror attacks in Europe and “political and economic uncertainty” have prompted German airline Lufthansa to cut its full-year profit target, the company has announced. “Due to increasing political and economic uncertainties the Executive Board reduces forecast” for earnings before interest and tax 2016 (EBIT) to “below previous year”, the airline said in a recent statement. In ...

  AP Americans bought more homes in June, the fourth straight monthly gain as the sales rate reached its highest level in more than nine years. The National Association of Realtors said that sales of existing homes rose 1.1 percent last month to a seasonally adjusted annual rate of 5.57 million, the best performance since February 2007. Buyers are quickly ...

  AFP Vancouver’s city council launched a review of the municipal regulations on short-term rentals like Airbnb, a platform accused of driving up real estate prices. “We’re working to better understand the economic benefits of short-term rentals, as well as the potential impact of short-term tourist rentals on the supply and price of long term rental housing for Vancouver residents,” ...

  AP U.S. renters are seeing their housing costs rise at a much more manageable pace, as new construction has tempered years of runaway increases in rent. Real estate data firm Zillow says that median rent rose a seasonally adjusted 2.6 percent in June from a year ago, matching the gains in average hourly wages. Rental costs have decelerated after ...

  AP Long-term U.S. mortgage rates edged higher this week, remaining near historically low levels as a continued enticement to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage rose to 3.45 percent from 3.42 percent last week. The average rate is down sharply from 4.04 percent a year ago. The 15-year fixed ...

  Bloomberg Ireland’s National Asset Management Agency plans to sell real estate loans with a face value of about 4 billion euros ($4.4 billion), two people with knowledge of the matter said. NAMA is expected to seek bids for the portfolio, known as Project Gem, toward the end of 2016 and the portfolio will sell at a substantial discount to ...

  Bloomberg It’s a good time to buy a home in New York’s Hamptons, especially for shoppers with more than $3 mn to spend. Sales of luxury homes in the area, known as Wall Street’s beachside retreat, fell 20 percent in the second quarter from a year earlier to 57 deals, while the number of high-end listings climbed, according to ...

  Eindhoven / AFP Former refugees Massoud and Mahmud Hassani stunned the world three years ago with an invention like a dandelion puffball that sought to rid the world of landmines. Now the Afghan brothers are back with their latest creation: a low-cost drone to detect and destroy mines, which each year claim thousands of lives. Ridding the world of ...

  Andrew Griffiths / TNS It’s hard to always be feeling “up” in the world of business. There are always going to be those times when there just isn’t any “mojo” left for anything. The real problems arise when it’s not just a bad morning or a bad day, but a bad year. Over the years I’ve certainly had those ...

  Our Correspondent EMIRATES BUSINESS Enjazat Services was established in 2009 as a national firm to serve the business community in the Emirate of Abu Dhabi. The company provides a wide range of services aimed towards the business community including public and private sectors as well as to individuals to facilitate their transactions and supply value to their businesses, operations ...