Business

Prices for housing in Dubai are likely to continue to grow next year, predicts Knight Frank. In 2024, they have already increased by 20% and will rise by another 8% next year, according to analysts of the international real estate agency. Luxury properties will rise in price by 5%. Rising prices in the emirate have already made many millionaires. At least 95,000 of the 530,000 homes sold in Dubai since...

The largest auction of Princess Diana's belongings in almost 30 years will be held in New York. Auction house Julien's Auction has prepared more than 150 lots, including personal and work items of Diana and other members of the royal family. In the meantime, the collection can be seen at the Carlyle Hotel in New York. The head of the auction house says that this auction will be historic. The main...

Chinese electric cars Leapmotor will soon begin selling in Europe. The Hangzhou-based company has created a joint venture with the Dutch automobile corporation Stellantis. It will produce and sell electric cars outside of China. Stellantis announced a strategic partnership with Leapmotor last October. It invested 1.5 billion euros to purchase a 21% stake in the Chinese company. Now the European...

Eight unique watches of Formula 1 legend Michael Schumacher will be put up for auction at Christie’s auction house. These include two personalized watches. One watch was given to Schumacher when he became world champion for the sixth time. The second ones were created in honor of his seventh victory in the tournament. The sports director of the Ferrari team, Jean Todt, ordered a watch for the racing...

European Union leaders have agreed to reforms in nine areas to revitalize the bloc's economy and help it catch up with the United States and China in the global technology race. However, there are still disagreements about the source of the money needed to implement the plan. "Every year, 300 billion euros of European savings go abroad, mainly to the United States. This is money that is not enough for...

New banknotes featuring the image of the British King Charles III were presented at an exhibition at the Bank of England Museum in London. These are four banknotes in denominations of £5, £10, £20 and £50. They will go into circulation on June 5 this year. The reverse features portraits of former Prime Minister Winston Churchill, writer Jane Austen, artist William Turner and mathematician Alan...

The Chinese company BYD has become a serious competitor to Tesla. In the fourth quarter of 2023, the Chinese manufacturer sold more than 520 thousand electric vehicles, and the Texas company Tesla sold 480 thousand. BYD aims to conquer the global electric vehicle market. Two years ago I started selling them in Europe. In terms of annual indicators, Tesla is still ahead. It sold just over 1.8 million...

Tesla is recalling nearly all 2 million of its vehicles in the United States after about 1,000 crashes that U.S. regulators say, after a nearly two-year investigation, are linked to Tesla's use of Autopilot. The National Highway Traffic Safety Administration (NHTSA) said the Autopilot system gives drivers a false sense of security, while Tesla's technical features do not yet always prevent dangerous...