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Singapore home sales at highest in a year as prices drop

  Bloomberg The number of new homes sold in Singapore rose to the highest in a year in July, with buyers snapping up new projects after almost three years of price declines. Developers sold 1,091 units last month, compared with 536 in June, according to data released Monday by the Urban Redevelopment Authority. That’s the highest since July 2015, when ...

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Extell’s NYC luxury condo project gets needed cash

  Bloomberg In a bid to keep its planned Central Park Tower afloat, Extell Development Co. agreed to a deal that might one day force it to part with the luxury condo project. A joint venture with China’s SMI USA to build the $3 billion skyscraper on Manhattan’s Billionaires’ Row comes with a deadline: If a construction loan isn’t obtained ...

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Lock picking your way to cyber-security

  AP Lock picking might seem ridiculously old-fashioned at a cyber-security gathering — but learning it can actually help people protect machines from digital threats. As security improves to block remote attacks over the internet, hackers look for ways to deliver malicious software physically instead — for instance, by breaking into a company’s data centers. Like cracking a digital system, ...

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Attain contentment via smartphone ownership

  Relaxnews New research from JD Power regarding smartphone satisfaction finds that the people most likely to constantly upgrade their handset are also the most content with their phones, at least for the short period of time that they are actually in their possession. “It’s surprising to learn that the expected length of mobile device ownership can influence the purchase ...

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Bulls and bears collide as ‘China’s Twitter’ surges to record

  Bloomberg Weibo Corp. has more than doubled this year as steady user growth and an improved sales outlook have lured investors to the Chinese social media. Short sellers are becoming increasingly convinced the stock has peaked. Bearish bets on Weibo, the Asian nation’s answer to Twitter Inc., are at the highest ever, even after the company reported earnings that ...

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Livestreaming apps beyond Facebook Live

  AP Live video is growing more popular as a way for families to share big moments with faraway loved ones and for artists and athletes to connect with fans. Livestreaming has also made the news in recent weeks as House Democrats used Periscope to broadcast a sit-in over gun control after the Republican majority cut off television cameras. It ...

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Pakistan rock climbers scale new heights

  AFP A dozen young men and women stand before a rock face on the outskirts of Islamabad, challenging and cheering each other on as they take turns scrambling up the limestone in front of curious onlookers. The country has long been a magnet for mountaineers, drawn by the grandeur of regions like Gilgit-Baltistan, where three of the world’s greatest ...

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Inside the world of concours

  Relaxnews What makes a car go from collecting dust and rust to becoming collectible? Is it rarity, performance, aesthetics, pop culture clout or is it really all down to individual taste? For the world’s oldest carmakers, the definition is simple. “When a car has been out of production for 10 years we define it as a classic,” explains Jaguar’s ...

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UAE leaders greet Pak President on I-Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a congratulatory cable to the President of the Islamic Republic of Pakistan, Memnon Hussein, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin ...

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DFG sells stake in EFG-Hermes

  DUBAI / EMIRATES BUSINESS Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia. Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of ...

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