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Bloomberg Londoners are buying more homes outside the capital as prices remain too high, even after the end of a decade-long housing boom. In the first half, Londoners bought more than 30,000 homes outside the city, a 16 percent rise from a year ago and 61 percent more than in the same period a decade earlier, according to research by ...

Bloomberg Elon Musk’s stunning tweet that he wanted to take Tesla Inc. private and had funding secured was a classic Musk moonshot — given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy. The initial scoffing after that August 7 post gave way to hiring of bankers to a board ...

RAS AL KHAIMAH / WAM The total value of real estate transactions in Ras al-Khaimah rose to AED2.7 billion in the first half of 2018, an increase of 33 percent compared to the corresponding half of 2017, according to a report issued by the Lands and Properties Sector at the emirate’s municipality. The bi-annual report indicated that 2,632 real estate ...

DUBAI / Emirates Business Dubai will become a multi-billion dollar magnet for stone trade suppliers from around the globe next month as massive urban growth and infrastructure development continues to make the Middle East one of the world’s highest spending construction markets. According to market analysts BNC, a raft of new mega projects valued at $29.19 billion were launched in ...

SHARJAH / WAM Expo Centre Sharjah will host a variety of major international events, which includes economic and cultural exhibitions and conferences, during the fourth quarter of this year. The agenda of events will begin with the MidEast Watch and Jewellery show in October and end on December 14 with the China Trade Week. The centre’s list of upcoming exhibitions ...

SHARJAH / WAM Thirteen UAE-based female entrepreneurs have started their social entrepreneurship training journey with the pilot edition of Badiri Social Entrepreneurship Programme (BSEP), which kicked-off in the UK. BSEP is the brainchild of Sharjah-based NAMA Women Advancement Establishment’s education and capacity building arm, Badiri Education and Development Academy, and the School for Social Entrepreneurs (SSE). Through their collaboration on ...

Bloomberg The trade war between the US and China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand — and they’re set to unleash a fall offensive. Talks in Washington this week yielded little visible progress towards a ceasefire between ...

Bloomberg The UK government said it will move forward with plans to punish directors who fail to safeguard their workers from the effects of a company’s bankruptcy. New powers announced Sunday will be given to the UK Insolvency Service, including the ability to issue fines or even disqualifications to company bosses if they are found to have tried to avoid ...

Bloomberg Poland’s jobs conundrum is worse than it looks. A labour shortage has increasingly emerged as one of the biggest hurdles for the European Union’s biggest eastern economy. Now the remaining pool of available workers is drying up fast. Data showed Poland’s registered jobless rate unchanged in July at a record low, with the number of newly unemployed down by ...

Bloomberg Democrats voted to dramatically reduce the influence of superdelegates on the party’s presidential nomination process as part of an effort to move past the fissures of the 2016 election as candidates gear up for the next one. The measure passed by a voice vote at the party’s summer conference in Chicago, with a small fraction voting against it. “Today ...