London’s luxury developers are selling homes in bulk corporate landlords after a serious drop in demand for expensive luxury new properties among individual buyers. Bulk buyers cornered 40 per cent of London’s new-build sales in the second quarter this year, who generally extract a steep discount with the aim of setting up portfolios of rented…
E-commerce giant Amazon crossed $0900bn market cap for the first time in its history on Wednesday, becoming only the second company after Apple to achieve this great milestone after its shares rose as much as 0.8 per cent to a record $, 1, 858.88, closing in on Apple in the race to be the first…
Karl Marx when discussing economic inequality and the socialist criticism of the free market system (capitalism) implying the perceived inevitability called the “Law of increasing Poverty”. Germany’s manufacturing sector is twice the size of Britain’s 23 per cent of national GDP, compared with 11 per cent according to World Bank. Germany has been thriving as…
A classic Aston Martin 1961 DB4GT Zagato bought by a European bidder at the Goodwood Festival of Speed in Sussex for £10, 081,500 making it the most valuable British car ever bought at a European auction. The car one of the three MP209 versions made, was previously driven by British two-time F1 champion Jim Clark…
David Edgerton, a historian, examines our modern history from the outside, “ as we might study that of Germany or the Soviet Union.” Egerton’s new survey of the last century feels like a summation of a lifetime’s reading and reflection, According to him much of what we think we know about our recent past…
Mukesh Ambani, Reliance Industries Chairman and India’s richest person on Friday dethroned Chinese e-commerce company Alibaba’s co-founder on Jack Ma to become Asia’s richest person as RIL shares hit an all-time high. Ambani’s net worth now stands at $44.3bn as compared to Jack Ma’s $44bn wealth, according to Bloomberg. Ambani has added just this year $4bn…
A Jury in Missouri, USA has ordered Johnson & Johnson to pay $4.7bn to 22 women claiming that the company’s talcum powder caused them to develop ovarian cancer. Of the 22 women represented in this case, six have died from ovarian cancer already. Their lawyers alleged that the company knew its talc was contaminated with…
British Prime Minister Theresa May has welcomed Donald Trump to the UK with a lavish black-tie dinner- during which she made a case for a new trade deal with the US. The US President and the first lady were given a red carpet welcome at Blenheim Palace, Oxfordshire. Mrs May noted that more than one…
Dylan Lauren, daughter of designer Ralph Lauren and an American entrepreneur is worth $4.7bn. She opened her candy shop in the world, called Dylan’s Candy Bar, which claims to be the “largest candy store in the world”. After the flagship’ success, she opened three more candy stores in the US. Her father grew up in…
Bristol Dry Gin distillery announced its new range of vodka on 7th July named “Novichok Edition” in the same week that Amesbury local Dawn Sturgess died from exposure to the nerve agent after falling ill on 30th June. Her partner Chris Rowley, is still in hospital after also being poisoned by the chemical, while several…