Special Report: In British PM race, a former Russian tycoon quietly wields influence

Special Report: In British PM race, a former Russian tycoon quietly wields influence

LONDON (Reuters) – For almost a decade, Alexander Temerko, who forged a career at the top of the Russian arms industry and had connections at the highest levels of the Kremlin, has been an influential figure in British politics. He’s one of the Conservative P… […]

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The Week in Numbers: US Fed Cuts Rates – The Motley Fool Singapore

The Week in Numbers: US Fed Cuts Rates – The Motley Fool Singapore

As many expected, the US Federal Reserve cut interest rates for the first time in 11 years. The Fed reduced its benchmark rate by 25 basis points to a range of 2 to 2.25%. It is the first time since the great financial crisis that the Fed has cut rates. Back … […]

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Climate change could make real estate worth billions obsolete unless owners act now

Climate change could make real estate worth billions obsolete unless owners act now

From the school strikes for climate, to Extinction Rebellion protests and calls for a Green New Deal, citizens around the world are putting pressure on their governments to prevent global warming more than 2°C above pre-industrial levels. In the UK, these ef… […]

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UK Mall Operator Intu’s Shares Slump amid Retail Failures

UK Mall Operator Intu’s Shares Slump amid Retail Failures

LONDON, United Kingdom   Shares in British shopping centre operator Intu sank more than 21 percent on Wednesday after reporting a fall in first-half net rental income on Wednesday, the latest sign of weakness in a struggling British retail sector. Intu, whic… […]

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Chinese oligarch sues city of Vancouver over $200,000 “Empty Homes Tax”

Chinese oligarch sues city of Vancouver over $200,000 “Empty Homes Tax”

In recent years, Chinese oligarchs have been buying up vast swaths of Vancouver real estate as a way to park their money. They often don’t set foot in the luxury townhouses they buy, which has led the Vancouver city government to issue a 1% Empty Homes Tax. A… […]

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