Westfield the developer behind popular shopping centres in London and New York, has confirmed they will be acquired by French property company Unibail-Rodamco in a $24.7bn deal that will create the world’s second-biggest mall owner by the market value of $72m with 104 properties. Sir Frank Lowy (87), the Australian billionaire who founded the business…
Hammerson, Britain’s biggest shopping centre owners are in £3.4bn all share offer talks with Intu to create a £21bn pan-European real estate giant. The deal would bring together ownership of the UK’s largest malls – including London’s Brent Cross, Birmingham’s Bullring, Bicester Village in Oxfordshire and Manchester’s Trafford Centre. The deal will hand Hammerson Intu’s…
This book reveals for the first time how advanced economies invest more in intangibles – design, branding, research and development, software – than in physical assets. Jonathan Haskell of Imperial College and UK government adviser Stian Westlake of Nesta, both co-winners of the 2017 Indigo Prize, make an un disputable challenges for businesses and public…
Tammin Bayoumi, is the Deputy Director in the Strategy, Policy and Review Department at the International Monetary Fund, since 1988, who demonstrates that the incompetently regulated European Financial institutions played a major part to inadequately regulated U.S. shadow banking in brining economic calamity to both sides of the Atlantic – and to the entire world.…
Indian Economy expanded by 6.3 per cent for the three months to September 2017, on the back of a strong manufacturing performance, reversing over a year of declining growth following demonetisation. The data showed a sharp leap from previous quarter from the 1.2 per cent growth. TC Anant chief statistician said: “After five quarters of…
Rolls-Royce, Airbus and Siemens are to develop hybrid electric plane technology, with the E-Fan X programme, which will put first an electric engine with three jet engines on a BAe 146 aircraft. The firms have ambition to develop the electric plane by 2020 with commercial application by 2025. The weight of the batteries and aircon…
Elephants like taking a water shower, mud shoer and a dust shower alone, but here the elephants is allowing a tourists to sit on his back and you are given a elephant shower in Thekkady in Kerala, India’s largest wildlife sanctuary, a dream destination for any tourist. Thekkady also has a tiger reserve and tropical…
Elon Musk’s Tells has built the world’s largest ever lithium-ion battery within 100 days in South Australia, a state previously plagued with power blackout and managed to win a $50m bet. Mr Musk and Lyndon Rive the head of Telsa’s battery division proposed building an energy storage facility in the state following severe blackouts after…
John Collison who grow up in rural Republic of Ireland, and a drop out of the university, is the co-founder of a US-based software business called Stripe, which is not widely known because it does not sell anything that consumers can buy instead its software enable companies around the world to accept more easily…