May, 2016

• 10 May

  Germans fret Draghi rate cuts are fuelling a housing price bubble

  

    Bloomberg Anna Pesch had long assumed she’d be a renter for years to come, but this month she’s buying a three-bedroom house near the German city of Cologne. She’s got Mario Draghi to thank for that. “We didn’t want our money to keep going into rent,” said Pesch, a 32-year-old speech therapist who started looking for a home two ...

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• 10 May

  Brazil’s Itau bank seeks cheaper NY office space

    Bloomberg Brazil’s Itau Unibanco Holding SA plans to move out of its New York City office on the 50th floor of the General Motors Building, which features views of Central Park and some of the highest rents in Midtown, a person familiar with the matter said. The firm, Latin America’s biggest bank by market value, is searching for a ...

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• 10 May

  Seniors accustomed to luxury living to get Manhattan tower

  

    Bloomberg It’s not an accident that Manhattan’s newest senior living facility will rise just blocks away from the gilded co-ops of Park Avenue. Their residents might live in the building someday. Welltower Inc., the biggest U.S. senior-housing owner by market value, is seeking to push into New York, where there’s a dearth of options available for the elderly and ...

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• 10 May

  Aviation looks to tech-driven makeover

  

    Ritika Sharma / Emirates Business E-trolleys, inventive biometrics, smart baggage movement and cloud based e-bookings — the future of airports seems really exciting. With more and more technology-inspired solutions and services being rolled out every day, experts believe the industry is moving towards a huge transformation. Passenger comfort and luxury are set to define the aviation industry as technologies ...

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• 10 May

  Golden hues of Islamic art shine bright at auto expo

  

    Sunaina Rana / Emirates Business A $1 million unique metal-painted car stole the limelight at the 14 Edition of Automechanika Dubai 2016. The Nissan R35 GT-R sports vehicle named ‘Godzilla’ — showcased by ace tuners — was specially designed for Middle East consumers, with Islamic artwork of vine and leaves engraved on its bodywork. Michael Dehn, Group Exhibitions Director, ...

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• 10 May

  Nissan Patrol Nismo all set to roll out on UAE roads

  

    Sunaina Rana / Emirates Business A new exciting range of series of Nissan Patrol Nismo, with a blend of motorsports and concentrated power in the spirit of SUV, is all set to rule the UAE roads. Arabian Automobiles — the exclusive dealer for Nissan in Dubai and the Northern Emirates — has recently announced that the much-anticipated vehicle would ...

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• 10 May

  GCC luxury sector shows resilience amid uncertainty

  

    Dubai / Emirates Business The region’s luxury sector is continuing to demonstrate resilience in spite of economic challenges, driven by investor recognition of many opportunities the current market landscape presents, UAE industry experts said. Record-low oil prices have had a ripple effect on global economies, however with growing private wealth in the GCC – reaching a cumulative USD 2.2 ...

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• 10 May

  UAE auto firms give pat on the back for safety

  

    RITIKA SHARMA / Emirates Business There is a dire need of educating and motivating people to make sure they keep their safety as prime concern while driving, UAE experts emphasise. On the same lines, various technology and automobile companies in UAE are trying out innovative ideas like discounts on their rides for encouraging people to abide by the traffic ...

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• 10 May

  Stubborn natural gas supply imperils best US rally in 14 years

  

    Bloomberg Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story. Prices have gained 28 percent from a 17-year low in March, the biggest advance for the period since 2002, as investors including Greenlight Capital’s David Einhorn bet the market would put a dent ...

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• 10 May

  Mexico consumer prices decline more than forecast in April

  

    Bloomberg Mexico’s consumer prices dropped more than forecast in April as electricity and food prices tumbled, keeping the annual inflation rate below the central bank’s target. Prices decreased 0.32 percent from a month earlier, the national statistics institute said on its website. The median forecast of 20 analysts surveyed by Bloomberg was for a decline of 0.25 percent. From ...

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