Matthew Winkler Fear mongers on both sides of the Atlantic would have us believe that governments are failing. They cite racially-charged violence from Dallas to Charleston, South Carolina; voters in Britain choosing to exit the European Union; the flood of migrants from the war in Syria; terrorist-inspired massacres from Brussels to San Bernardino, and the anemic global economy that …
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Bloomberg A measure of London house prices fell to its lowest level since the height of the financial crisis as Brexit sent shock waves across the UK. The index dropped to minus 46 in June from minus 35 the previous month, the Royal Institution of Chartered Surveyors (RICS) said on Thursday, citing a survey of real-estate agents. That’s the …
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AFP Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company’s latest move to expand its entertainment empire. Wanda, which in January bought production giant Legendary Entertainment for $3.5 billion, is seeking 49 percent of Paramount from parent company Viacom, the Wall Street Journal quoted …
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Bloomberg Great Eagle Holdings Ltd. Chairman Lo Ka Shui said he has suspended plans for a £250 million ($330 million) real estate project in London because of the uncertainty following Britain’s decision to withdraw from the European Union. In an interview in Hong Kong, Lo said that Brexit is likely to send property values lower, noting that seven listed …
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Bloomberg Tishman Speyer is teaming with Lenovo Group Ltd., the world’s biggest personal-computer maker, on a 9 billion yuan ($1.35 billion) real estate project in Shenzhen, China, marking the developer’s first foray into the country’s southern region. The 2.2 million-square-foot (204,400-square-meter) office-and-retail development, to be built in the city’s central business district, will house the headquarters for Lenovo’s international-business …
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St. Louis / AP Until recently, Christina Brouk was living with her parents. Now, still in her early 20s, she’s living the American dream of home ownership — the same dream that’s grown elusive for many young adults since the housing bubble peaked 10 years ago. Homes in many areas of the United States have become so costly that …
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Our Correspondent / Emirates Business Summertown Interiors is among the UAE’s leading and most sustainable contractor, offering superior quality interior solutions as a fit-out company and turnkey provider. Established in 1997, the company has been at the forefront of delivering commercial interior projects in the UAE, specialising in implementing commercial office, education and retail projects for global Fortune 500 …
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Our Correspondent / EMIRATES BUSINESS It’s finally summer, and whether you’re indulging in a holiday or simply lounging at the beach, Calvin Klein has the perfect watches from its SS16 collection to spice up your summer wardrobe for the ultimate fashion statement. A celebration of the recent ‘90s revival’, Calvin Klein colour pairs minimalistic shapes and vibrant colors for …
Read More »ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation, KF, received an AED 2 million donation from Altaaqa Global to support its humanitarian initiatives being implemented in Yemen in order to alleviate the suffering of Yemenis in the light of their dire circumstances. Mohammed Haji Khouri, Director-General of the Khalifa bin Zayed Al Nahyan Foundation, received the …
Read More »ABU DHABI / WAM The UAE Ministry of Economy’s delegation has prepared to head to the 14th United Nations Conference on Trade and Development (UNCTAD XIV), to be held from July 17th to 22nd in Nairobi, Kenya. The delegation comprises Juma Mohammed Al Kait, Assistant Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, representatives of competent federal …
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