June, 2016

• 12 June

  Greek TV stations face sign-off in licensing row

  

    AFP Greece is in the grip of a row over television, with the government under attack for plans to slash the number of private channels in a sector that was hit hard by the financial crisis. Authorities say they want to clean up an industry known for its workforce exploitation and rumoured under-the-table deals between media moguls, bankers and ...

  Read More »
• 12 June

  Don’t be caught off guard in ‘Bremain’ relief rally: Nordea

  

    Bloomberg With some polls showing Britain might vote to leave the EU in less than two weeks, investors are increasingly being told to adjust their portfolios to gird for a so-called Brexit. But Nordea, Scandinavia’s biggest bank, says it might also be wise to prepare for the relief rally that would follow the June 23 referendum should Britons choose ...

  Read More »
• 12 June

  Auto giants see road to riches by investing in sharing services

  

    Bloomberg Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big money waiting, ...

  Read More »
• 12 June

  British realtors join ‘Remain’ camp as Brexit tensions rise

  

    Bloomberg Britain’s biggest property firms including Barratt Developments Plc and Canary Wharf Group Plc are the latest to take a stand on U.K. membership in the European Union less than two weeks before a vote, saying a decision to leave would hinder development projects and raise the cost to build new homes. In an open letter released on Saturday, ...

  Read More »
• 12 June

  UK house prices drop for 1st time since 2012

  

    Bloomberg U.K. house prices look set to dip for the first time since 2012 amid uncertainty before Britain’s vote on European Union membership and as a new tax on buy-to-let properties and second homes kicks in. Home prices in central London are already falling, according to May data from the Royal Institution of Chartered Surveyors. While they continue to ...

  Read More »
• 12 June

  About 36,000 affordable housing units on offer in India’s Gurgaon

  

    Tribune News service Almost two years after the Affordable Housing Scheme was launched in India’s Haryana, scores of developers have come up with a wide range of housing options in an ‘achievable’ price range of Rs17-24 lakh. About 36,000 apartments of 400-600 sq feet are up for sale in the district. Many of these projects have already commenced with ...

  Read More »
• 12 June

  Rebuilding poised to lift Canadian city scorched by wildfires

  

    AP After shuttering his lumber mill for nearly a month when it was surrounded by raging fires in northern Alberta, Northland Forest Products Ltd. President Howard Ewashko sees a silver lining: a pickup in business from rebuilding what was lost. “It certainly helps to have a solid market to sell into when you’ve gone through something like this,” Ewashko ...

  Read More »
• 11 June

  Europe invests big in Abu Dhabi

    ABU DHABI / WAM Director of Foreign Trade and Export Support at the Abu Dhabi Department of Economic Development, Adeeb Al Afifi, said European countries accounted for 40.7 per cent of all foreign direct investment in the emirate of Abu Dhabi in 2014. He was speaking before representatives of the European Union, Abu Dhabi Quality and Conformity Council, the ...

  Read More »
• 11 June

  Sweden abolishes nuclear tax

    Stockholm / WAM The Swedish parliament on Saturday agreed to abolish a tax on nuclear power as it recognizes nuclear’s role in helping it to eventually achieve a goal of 100% renewable generation. Agneta Rising, Director General, World Nuclear Association, said, “It is excellent news that this tax will be removed, but it should never have been implemented in ...

  Read More »
• 11 June

  Suqia to help solve water woes

  DUBAI / WAM The UAE established a role in international efforts to combat humanitarian challenges, as well as having a strong presence in emergency and long-term humanitarian aid all around the world. In June 2014, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE Water Aid ...

  Read More »