Fancy Apartment Rentals for Paris Olympics See Poor Demand and Price Cuts
Locals who’d hoped to turn a big profit by renting out their posh apartments are now slashing prices by 30%-60%.
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Locals who’d hoped to turn a big profit by renting out their posh apartments are now slashing prices by 30%-60%.
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
Mar 14, 2019
Bloomberg News
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U.K. Prime Minister Theresa May enjoyed a rare victory Thursday when a majority of Parliament endorsed her bid to delay Brexit. The EU has suggested it’s open to pushing back the U.K.’s departure until late May, but says Britain must provide a clear reason why.
Here are today's top stories
The U.S. Senate voted to block President Donald Trump’s declaration of a national emergency to pay for a wall at the border with Mexico. Trump tweeted his response to the bipartisan rebuke: "VETO!"
Trump's legal woes in New York could bog down his business operations and lead to the prosecution of his children—for crimes he can't pardon.
The gun industry suffered a stinging setback when the Connecticut Supreme Court ruled the families of victims of the 2012 Sandy Hook Elementary School massacre could sue Remington.
One year after the Cambridge Analytica scandal, Mark Zuckerberg says Facebook really cares about the privacy of its users. So Bloomberg Businessweek asks: Why is there an endless cycle of fury and apology?
Elon Musk is throwing a party before an audience of adoring fans for a product that won’t be available for months: The Model Y.
The problems with Boeing's best-selling 737 Max family of jets have put $600 billion in orders at risk. China could benefit in a big way.
What's Sid Verma thinking about? The Bloomberg cross asset editor says he can't see the structural imbalances others predict will soon trigger a recession. In fact, we may actually be in a market sweet spot.
What you'll need to know tomorrow
What you'll want to read in Businessweek
Russians hold about $1 trillion outside their home country. Before recent dirty money revelations, relatively few Europeans seemed perturbed by the soiled cash coursing through their financial systems and real estate markets. Now, however, some are asking why the EU can't police itself.
To contact the author of this story: Josh Petri in New York at jpetri4@bloomberg.net
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