Tag Archives: middle

London luxury property is still glitzy for Middle East investors

London mayor: U.K. has no game plan on Brexit The weak pound and falling prices are encouraging Middle East investors to continue to pour millions into London luxury real estate despite concerns about Brexit. “They love London,” said Niccolo Barattieri di San Pietro, CEO of luxury property developer Northacre, which is owned by the Abu Dhabi Financial Group. “They want to send their kids there, they speak the language, they understand the legal system.” Northacre started selling units at The Broadway in London last week. The development consists of 285 ...

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Why Trump says his tax plan could mean a '$4,000 pay raise' for the middle class

These popular tax breaks could be on the chopping block On Wednesday evening, President Trump again pitched the Republican tax reform framework. He sought to make the case that changes to the corporate tax code will be good for the middle class. Among his assertions: Encouraging U.S. companies to bring their foreign-earned profits back home will put money in the pockets of average workers. “My Council of Economic Advisers estimates that this change … would likely give the typical American household a $ 4,000 pay raise,” Trump said in a ...

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Millions in the middle class will feel it if GOP kills this tax break

Why tax reform is so hard Republicans may try to eliminate a tax deduction that helps many in the middle class. The state and local tax deduction is one of many tax breaks under consideration in Washington as a way to offset the cost of tax cuts that the GOP are proposing. The tax break lets tax filers who itemize deductions write off their property taxes as well as their state and local income taxes or general sales taxes. Republican tax negotiators stress how much they want tax reform to ...

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ESPN viewers caught in middle of cable fight

Disney is warning Altice cable customers that they might lose ESPN and other Disney channels at the end of the month. Yes, this is the start of another public spat between two big media companies, with customers caught in between. This fight is especially high-stakes because ESPN is the most expensive channel on the cable dial. Disney charges cable distributors about $ 8 per subscriber per month for its highly valuable sports programming. ESPN’s business is under intense pressure, but it is trying to ensure that distributors keep paying. So ...

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Milan kidnap case: Chloe Ayling was to be 'sold in Middle East'

Media playback is unsupported on your device A British model who was allegedly held captive by a gang in Italy was told she would be sold in the Middle East “for sex”, her lawyer has said. Francesco Peschi also told the BBC how Chloe Ayling, 20, had been acting under duress when she was taken shopping by her captor before she was freed. Ms Ayling was allegedly kidnapped by a group calling itself Black Death before she was released five days later. She came home on Sunday, 26 days after ...

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Uber partner invests in Middle East rival Careem

Uber CEO Kalanick takes leave of absence More bad news for Uber: One of its strategic partners is investing in a fast-growing rival in the Middle East. Germany’s Daimler(DDAIF) — which makes Mercedes cars — is pumping money into Careem, a Dubai-based ride hailing app and Uber’s biggest competitor in the region. The size of the investment was not disclosed. It formed part of a $ 500 million fund raising round. Daimler partnered with Uber earlier this year to operate self-driving cars on the app’s network. Uber CEO and co-founder ...

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New York on verge of tuition-free college for middle class

Five student debt pitfalls New York is close to giving the final OK to tuition-free college. Governor Andrew Cuomo has reached agreement with lawmakers on the state budget, and it includes a plan to make tuition free at public colleges for middle class New Yorkers. The state Assembly and Senate are expected to vote on and approve the budget before Monday. New York will be the first state in the nation to make tuition free at both two- and four-year public colleges for residents who earn up to a specific ...

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Laptop ban may force business travelers to skip Middle East airports

Emirates airline president questions electronics ban Fast-growing Middle Eastern airlines have been luring business travelers away from carriers in the U.S., Europe and Asia for years. But they may find the seats in the front of the plane going unfilled after the U.S. and U.K. banned large electronics in the cabin on some flights from the region. Their European rivals appear best placed to capitalize on the needs of higher paying passengers who refuse to be separated from their devices. By Wednesday, Qatar Airways flights from Doha to the U.S. ...

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Trump relaxes US policy on Middle East two-state solution

US President Donald Trump has dropped decades of US policy that the Israeli-Palestinian conflict should be resolved by a two-state solution. At a news conference with Israeli PM Benjamin Netanyahu, Mr Trump promised to deliver a “great” peace deal, but said both sides must compromise. The Israelis and Palestinians have had no substantive peace talks since 2014. In the conference, Mr Trump also asked his visitor to “hold off” on settlement building for “a little bit”. Israel has approved thousands of new homes in West Bank and East Jerusalem settlements ...

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Where do Middle Eastern students want to work?

Microsoft and Google ads take on Apple Just like many of their peers around the world, students in the Middle East want to work for Google. A new survey by Universum, a research and consulting firm, shows that business and engineering students think Google, Microsoft and Apple are the three best places to work. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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