Bloomberg The average price of a UK home hit a new record in January, continuing an upward trend that’s in part being driven by a supply-demand imbalance. The 0.3 percent increase in values lifted the average to 300,169 pounds ($374,000), Acadata and LSL said in a report on Monday. Annual growth was 3.1 percent, and prices are now double …

  Bloomberg Volkswagen AG Chief Executive Officer Matthias Mueller sought to calm nerves at the German carmaker as festering disputes with labor leaders and allegations from former Chairman Ferdinand Piech threatened to disrupt efforts to overcome its diesel-cheating scandal. “You’re all certainly as irritated as I am, because Volkswagen needs something totally different now: namely, concentration in order to cleanly …

  Bloomberg Property owners are likely to start cashing in to a greater extent this year after an eight-year rally in prices across the Nordic real estate markets, according to Pangea Property Partners. Potential sellers include funds, companies that want to streamline their portfolios and private investors who see good exit opportunities, Pangea said in its Real Estate Outlook 2017 …

  Bloomberg Verizon Communications Inc., the biggest US wireless provider, will start selling a package that includes unlimited data, a tacit acknowledgment that smaller competitors have struck a chord with consumers who want to stream video without worrying about exceeding a cap. Verizon will charge $80 a month for a single user, $10 higher than the plan offered by T-Mobile …

  Dubai / Emirates Business Global technology leader Lockheed Martin is set to showcase the latest advanced technology solutions at IDEX 2017, leading defense exhibition and conference, taking place in Abu Dhabi from February 19-23. The global leader in security and aerospace will display its latest portfolio of products and solutions, from tactical aircraft to integrated air and missile defense. …

  Bloomberg The Philippines’ largest carrier, Cebu Pacific Air, through its wholly-owned subsidiary Cebgo, recently accepted delivery of its third ATR 72-600 High Capacity aircraft. This aircraft is the first ATR 72-600 delivered for this year, bringing the airline’s total fleet to 58. The carrier also chose the lightest aircraft seats in the world, Expliseat, for all 16 aircraft, two …

  Emirates Business Blueair, the world’s leading indoor air purifying company, on Monday opened an office in fast growing Dubai that will serve as the hub for growing Blueair sales throughout the United Arab Emirates and Gulf region. The Blueair office will be responsible for developing sales throughout the Gulf Cooperation Group (GCC) of countries encompassing Bahrain, Kuwait, Oman, Qatar, …

  Bloomberg There are limits to investors’ love affair with OPEC. After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to ease a global supply glut, money managers reduced their bets on rising West Texas Intermediate prices for the first time in a month. While the group and other major exporters are pumping less crude, US inventories …

  Bloomberg Egyptian Finance Minister Amr El-Garhy said he expects surging inflation to peak by the end of the first quarter as the price shocks following an increase in fuel prices and the pound’s flotation fade. El-Garhy said policy makers expected prices to jump after currency controls were abandoned in November to help Egypt clinch a $12 billion International Monetary …

  Bloomberg India’s monthly oil demand fell the most since May 2003 as the government’s crackdown on high-value currency notes continued to reverberate through the country’s $2 trillion economy. Fuel consumption fell 4.5 percent to 15.5 million tons in January from 16.2 million tons a year ago, the Oil Ministry’s Petroleum Planning and Analysis Cell said. Diesel use, which accounts …