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Shanghai authorities discuss ways to cool property

Bloomberg Shanghai authorities held a meeting to discuss measures to cool a surge in property prices after recent frenzied residential homebuying, according to people familiar with the matter. The municipal government’s National Development and Reform Commission held discussions with regional authorities from the People’s Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) , said the people, who ...

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Manhattan luxury rental prices fall as condo buyers seek tenants

Bloomberg At One Riverside Park, a new luxury-condo tower on Manhattan’s Upper West Side, a never-lived-in four-bedroom apartment is available for rent at $22,995 a month, about $2,000 less than the owner was seeking in January. The 2,830-square-foot (260-square-meter) dwelling, with floor-to-ceiling windows and panoramic views of the Hudson River, has competition for tenants. Forty-five percent of the 161 units ...

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Yahoo CEO confident of new turnaround plan

Bloomberg Marissa Mayer is hopeful of keeping her job leading Yahoo! Inc. even if the struggling Web pioneer changes hands. Under pressure from investors and facing a potential proxy fight, the chief executive officer has pledged to do what’s best for shareholders as Yahoo reviews alternatives for separating its core internet business from a stake in Alibaba Group Holding Ltd. ...

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Amazon to enter classrooms soon

Relaxnews Amazon is working on a platform aimed at teachers and students. According to Techcrunch the platform will enable educators to host and share course materials and the company has already started targeting teachers with something called the Amazon Education Wait List. A message on the site reads –”Someday soon, educators everywhere will have free and unlimited access to first-class ...

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Adobe rushes out software patch

Relaxnews A new update for Windows, Mac, iOS and Android users is now available and Adobe recommends downloading and installing it as soon as possible The latest patch – update version 21.0.0.182 – addresses 23 separate potential exploits including one that, according to Adobe, is already being used by hackers for nefarious reasons. Although a number of major websites from ...

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Apple to unveil new creations on Mar 21

Relaxnews Apple on Thursday sent out invitations to a press event at which it is expected to unveil new iPhone and iPad models. In keeping with its practice, Apple revealed little about the event other than it will take place on March 21 at the company’s campus in the Silicon Valley city of Cupertino in California. A message on copies ...

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Mobile app to keep track of your luggage

Relaxnews Lufthansa is adding new functions to its mobile app, bringing peace of mind to flyers worried about losing their bags. Now, if a case takes a wrong turn, passengers can send a forwarding order directly from their smartphone to get missing bags delivered to their door. What air passenger hasn’t nervously waited next to the baggage carousel, wrestling for ...

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Samsung Galaxy S7 goes on sale, raises expectations

Relaxnews Barcelona, Spain, the Samsung Galaxy S7 went on sale worldwide on Friday. Samsung kept things pretty classic for this 2016 upgrade to its flagship handset. The 5.1-inch Galaxy S7 and 5.5-inch Galaxy S7 edge (with rounded edges) are similar in design to the current S6 and S6 edge, but get improved processing performance of around 30% and 4GB of ...

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New pact to drive Abu Dhabi Desert Challenge

Dubai / Emirates Business Makers of luxury superyachts must change the way they do business in order to survive in today’s challenging economic environment, according to Gulf Craft CEO Erwin Bamps. Speaking on the sidelines of the Dubai International Boat Show (DIBS), Bamps said superyacht businesses must redirect their focus from one that is product oriented and focused on acquiring ...

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