Real estate has long served as one of the most solid avenues for creating wealth over a long period. Contrary to the up-and-down nature of stock trading, owning property allows for physical assets, regular cash flow, and an unbroken record that goes
The world’s major accounting firms are investing in new Indian facilities away from bigger cities as global demand for cheaper back office operations grows and smaller towns move up the economic value chain. Traditionally, large multinational corporations have rushed to India’s biggest
On Tuesday, oil prices were little changed as traders weighed supply cuts by the world’s biggest oil exporters against a sluggish global economic outlook. Brent crude futures were up 2 cents to $77.71 a barrel by 0945 GMT, while U.S. West Texas
A top shareholder ruled out adding to its stake in troubled Credit Suisse, deepening the Swiss bank’s crisis amid market turmoil that has roiled markets. The chairman of Saudi Arabia’s largest lender said his institution could not raise its 9.9% stake because
U.S. chipmaker Broadcom (AVGO.O) will invest in a European Union-funded program to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce our decision to invest in Spain’s semiconductor ecosystem under their semiconductor support program,”
Volkswagen is in talks with Tesla to adopt it’s charging standard, a big move that could help standardize the plug used on electric vehicles across North America. The German automaker’s charging network unit Electrify America has already agreed to use Tesla’s North
In luxury brands, one name stands tall as a paragon of excellence and innovation: Bernard Arnault. As the Chief Executive Officer of LVMH Moët Hennessy Louis Vuitton SE (LVMH), Arnault has masterfully steered the conglomerate to remarkable heights, propelling it to become
As Twitter 2.0 works to improve itself under new CEO Linda Yaccarino, one of its key offices in Boulder is losing it. The company needs to pay a substantial amount of rent on the office they have been using, and now a
A dozen companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits on Wednesday as the Kenyan capital hosted what organizers have billed as the world’s largest sale. Demand for carbon offsets, generated through projects such as tree planting
Switzerland’s Zurich Insurance Group (ZURN.S) is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct knowledge of the matter said. The deal would mark Zurich Insurance’s first major bet on the fast-growing South Asian insurance
The London-listed bank’s decision to close its New Zealand wealth and personal banking business is part of its plans to exit less profitable businesses globally to focus on expanding in specific Asian markets. The process will happen over several years in a