July, 2016

• 25 July

  Solar plane nears end of historic trip

  

    AFP Solar Impulse 2 was on Monday approaching the end of its epic bid to become the first sun-powered airplane to circle the globe without a drop of fuel to promote renewable energy. When the experimental aircraft touches down in Abu Dhabi in the early hours of Tuesday it will cap a remarkable 42,000-kilometre (26,097 mile) journey across four ...

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• 25 July

  Donuts in flight in first US approved drone delivery

  

    AFP With a chicken sandwich, hot coffee and donuts, aviation history was made on Friday. These were among the items in the first drone delivery on US soil approved by aviation officials, made by convenience retailer 7-Eleven and the drone startup Flirtey. The delivery took place in Reno, Nevada, with the items loaded into a special box for hot ...

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• 25 July

  Wide-bodies’ luster tarnished as American defers Airbus jets

  

    Bloomberg American Airlines’s decision to postpone delivery of nearly two dozen of Airbus Group SE’s sleek, fuel-efficient A350 jetliners amplifies concerns that demand is sagging for international air travel and large new aircraft. Wide-body sales have stalled this year as inexpensive fuel and a glut of readily available used jets diminishes airlines’ need to upgrade their fleets. Airbus and ...

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• 25 July

  Aberdeen’s assets climb amid weaker pound

  

    Bloomberg Aberdeen Asset Management Plc’s funds overseen for clients rose 2.9 percent in the fiscal third quarter as the benefits of a weak pound helped offset outflows. The shares climbed. Assets under management increased to 301.4 billion pounds ($396 billion) from 292.8 billion pounds in the three months through June, Aberdeen said in a statement on Monday. Value appreciation ...

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• 25 July

  New England lake compound house up for half price

  

    Bloomberg After Gary Bahre and his parents built two houses totaling 63,000 square feet on New Hampshire’s Lake Winnipesaukee, they realized they’d gone a little overboard. “The houses are more than I’d ever need as a single man,” said Bahre, a 53 year-old entrepreneur and philanthropist whose family money comes, in part, from selling the New Hampshire Speedway in ...

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• 25 July

  CapCo to cancel sale of $395mn venues business

  

    Bloomberg Capital & Counties Properties Plc canceled a plan to sell the Olympia exhibition center in west London, according to two people with knowledge of the matter. The landlord decided against a sale of its venues unit, which includes the property, before the U.K. voted to leave the European Union because it wants to retain the rent generated by ...

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• 25 July

  Campari receives interest for villa worth over $330mn

    Bloomberg Davide Campari-Milano SpA has received interest from Middle Eastern and North American buyers for a villa on France’s Mediterranean coast that may be worth at least 300 million euros ($330 million) in a sale. Villa Les Cedres, which the Italian drinks maker gained in its acquisition of Grand Marnier Group, is being sold along with Grand Marnier’s two ...

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• 25 July

  Airbnb’s ripple effect in Lisbon’s historic centre

    AFP Alfama, one of the oldest and most picturesque areas of Lisbon, is becoming a victim of its own charm. Short-term lets to tourists are driving up rents and driving out old residents. “They want to throw me out to rent my home to tourists,” complained retired salesman Antonio Melo, 70. His house has changed owners four times over ...

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• 25 July

  Aldar eyes Al Ain as key growth market

  

    Emirates Business Aldar Properties PJSC (Aldar) — Abu Dhabi’s leading listed property development, investment and management company — views Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape. According to Urban Planning Council’s “Plan Al Ain 2030”, the city population will witness a 3 fold- increase over ...

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• 25 July

  DLD website gets a fresh look

  

    Emirates Business Dubai Land Department (DLD) has unveiled its brand-new revamped website, featuring an innovative and modern easy-browsing system, in addition to providing a range of services tailored to a range of customer demographics. The new system is embedded with options for six major global languages, namely Arabic, English, Spanish, Chinese, French and Russian. The announcement was made at ...

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