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20/04/2012 09:36:00Honda hit by second strike in China
Honda has had to halt production at two of its four car assembly factories in China after another strike by workers at one of its Chinese parts facilities. The Japanese firm said work had stopped on Wednesday because of industrial action at exhaust-maker Foshan Fengfu Autoparts, which it part-owns. It is the second time in two weeks that its Chinese production has been hit by a walkout over pay at a local supplier. The earlier strike at ...
20/04/2012 09:22:20Elvis made just $1,000 down payment for Graceland
Elvis made just $1,000 down paymentfor 'Graceland'. Graceland is a large white-columned mansion with a 13.8-acre (5.6 ha) estate in Memphis, Tennessee, which Elvis Presley bought for his parents. In early 1957, Presley gave his parents a $100,000 budget, and asked them to find a "farmhouse" type property to purchase. At the time, Graceland was located several miles beyond Memphis's main urban area. In later years Memphis wo...
20/04/2012 09:21:15Flying prototype car - no longer pure fiction
The aerospace company Terrafugia developed the first Transition Street-Legal Airplane prototype   The impossible dream may soon be reality, as the Terrafugia executive promised to have the final product ready for customers as soon as next year. The pilots and engineers from the Massachusetts Company have completed the first round of trials of the prototype. The drivable plane landed its first flight at Plattsburgh International ...
20/04/2012 09:20:48The super eco-friendly house
Husband and wife Karl Wanaselja and Cate Leger designed and built their ‘recycled’ California home in one of Berkley’s oldest residential areas. The eco house is made entirely from reclaimed wood, pieces of junkyard cars, and an old shipping container. The owners really put a lot of thought and many original ideas into the design and function of the home, as well as a lot of experimenting with the salvaged materials beforehand. The...
20/04/2012 09:20:32The American Versailles is on sale
One of the biggest houses in the United State called Versailles (don’t confuse it with the one in France) needs a buyer who is looking for a home larger than the White House estate. The unfinished lavish 90,000-square-foot Floridian mansion is threatened with foreclosure, which prompted the owners to put it for sale. Versailles is an estate in Windermere, Florida constructed by Westgate Resorts founder David Siegel and his much younger,...
20/04/2012 09:20:16Property prices still record high in Hong Kong
Prices remain high in Hong Kong, which prompts the risk of a property bubble, warns the Financial Secretary John Tsang, who also said that if there are signs of overheating of the market he will introduce more cooling measures. The growth of prices in the last two years is due to the rich investors switching from cash to property amid the panic caused by the European debt crisis. People prefer not to hold cash, and logically the rich have sta...
20/04/2012 09:19:56Decline in the volume of global commercial property transactions
The latest market report from Jones Lang LaSalle shows that sales of global commercial property have gone down with 23% since the beginning of 2012, transaction volumes currently amounting to $75 billion. However, it’s not all bad news on the property market; the underlying attractiveness of real estate continues due to strong demand and sound fundamentals. The last quarter of 2011 showed a very active desire to close deals. However, it wi...
29/03/2012 16:47:52Record-high land prices in Japan’s Northeastern Region
Record-high land prices in Japan’s Northeastern Region. After the devastating earthquake and the tsunami that hit the Northeastern Region in March last year, land prices have gone up, due to the spurring housing demand. The rise is most visible in the Miyagi prefecture, which was damaged by the tsunami. Demand rose for real estate located inland or at a higher altitude, with most gains for owners in theShirasagidai area in the city of Ishi...
29/03/2012 16:46:33Growing interest for long-term investment in Venice
Growing interest for long-term investment in Venice. Property sales in Venice are booming due to the interest of French, Russian, Eastern European and Middle Eastern buyers. Investors are attracted by the competitive market and the possibility for stable long-term investments. Recent data shows that most purchases are made by French buyers, followed by Swiss and British foreign investors, whereas the number of Americanspurchaserson the market ha...
23/03/2012 14:21:40Buy vs. rent – which is cheaper?
Buy vs. rent – which is cheaper? According to the latest data gathered by the online real estate company Trulia in 98 of the top 100 housing markets, it is cheaper to buy a home than rent one. The only exceptions to the trend are Honolulu and San Francisco. In the US, the cheapest real-estate market is in Detroit, where buying a home is only 3.7 times more expensive than renting one. Other similarly beneficial markets are in Oklahoma ...
23/03/2012 14:20:37The Best Places to do Business
The Best Places to do Business According to a new index based on six criteria including the degree of economic integration and labor costs, Hong Kong is the best place for business. The research carried out by Bloomberg, shows that Hong Kong remains a bastion of free-market policies and low corporate taxes. In the top five also entered the Netherlands, US, UK and Australia. Brazil closed the top 50, after India and Russia. Bloomberg Ranking...
23/03/2012 14:18:46Cameron’s suggestion for new towns met with vocal opposition
Cameron’s suggestion for new towns met with vocal opposition. The British Prime Minister David Cameron suggested a plan for the development of a series of new towns in the UK. He claims that they would offer pleasant housing conditions and would also help boost the economy. Yet, some rural groups and green campaigners are worried that going forth with the construction would actually ‘disfigure’ the countryside and damage the fa...
14/03/2012 17:52:41Four large US banks would not withstand a future financial shock
Four large US banks would not withstand a future financial shock. Four of the biggest US banks: Citigroup, Ally Financial, SunTrust and MetLife, failed in the latest round of Federal Reserve stress tests, the aim of which is to make sure that banks have enough cash to survive another financial crisis, making it less likely the government has to bail them out again. The Federal Reserve has been conducting stress tests since 2009, but these w...
14/03/2012 17:51:17Brazil's richest built illegal homes in nature reserves
Brazil’s richest built illegal homes in nature reserves. According to a 2011 report by the Rio’s state environmental institute, INEAthe number of Brazilian millionaires spending weekends in homes built in violation of state and federal environmental rules on some of the most beautiful areas in Brazil grows.As the wealthy get richer from the fastest economic growth in the last two decades, the unlawful use of public land is increasing...
14/03/2012 17:49:52Britney Spears sells her Beverly Hills home again
Britney Spears sells her Beverly Hills home again. According to public records, Spears bought the Mediterranean-style estate in January 2007, while still married to Kevin Federline, for $6.75 million. The popstar had triedunsuccessfully to sell the estate three times already. The first time was in September 2008, when her home was listed for $7.9 million, then a year later in July 2009 for $6.4 million and again in 2010 for $4.8 million. This ye...
09/03/2012 10:01:05CREDAI presents a new code of conduct for developers in India
CREDAI presents a new code of conduct for developers in India. The Confederation of Real Estate Developers Associations of India (CREDAI) has accepted a new code of conduct with the aim of resolving complaints about the house buying process.CREDAI has over 8,000 members, who are required to sign a Code of Conduct which is a self governing mechanism demandingfairnessin transactions. Most consumerswish for transparency and accountabilityand a...
09/03/2012 10:00:01UK's economy falls behind Brazil’s
UK's economy falls behind Brazil’s. According to a new estimate from the Centre for Economics and Business Research,Brazil's economy surpassed that of the United Kingdom in 2011. Although, Brazil shows a slower economic growth, itsGDP for 2011 was $2.469 trillion, making it the sixth-largest economy in the world.The United States, China, Japan, Germany and France remain the five largest economies in the world. The United...
09/03/2012 09:58:33The Era of 5G wireless technologies is near
The Era of 5G wireless technologies is near. Consumers are still getting used to the 4G cellular wireless, but the industry is already making plans for the next generationwireless systems - 5G. The boom in smartphone and tablet sales means networks are growing clogged with cellular data traffic. Experts believe that for now, the 4G technology can help relieve the obstruction. Modern networks are able to cram more data into their airwaves tha...
09/03/2012 09:57:20Toyota is pulling out 680,000 vehicles from the US market
Toyota is pulling out 680,000 vehicles from the US market. The Auto-motor giant is recalling about 680,000 vehicles in two separate extractions. The first one involves airbags in pickups and the second is for faulty brake lights in sedans and crossovers. The larger of the two recalls involves almost half a million Toyota Tacoma trucks produced in the years between 2005 and 2009. Part of the trucks' steering wheel mechanism may rub agains...
09/03/2012 09:56:07Europe's first women-only hotel floor
Europe's first women-only hotel floor. The Copenhagen's Bella Sky Hotel greets its female customers with a new women-only floor - Bella Donna, which offers rooms decorated in soft rose and burgundy toned colors, fresh flowers, fruit smoothies, fashion magazines, and a bathroom stocked with exclusive female products, including day and night moisturizers. This is Europe's first hotel floor dedicated to and designed entirely by wom...

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