Business

US home sales slump 10.5% in November

BBC News : The rate of US home sales fell in November as buyers struggled with new regulation. The National Association of Realtors (NAR) said existing home sales decreased by 10.5% in November, despite continued demand. The pace of sales was the slowest since April 2014. NAR chief economist Lawrence Yun said “sparse inventory and affordability issues” continued, but new ...

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Pharma boss Martin Shkreli arrested on fraud charges

BBC News : Representatives for pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of a medicine used by Aids patients, say he strongly denies fraud charges. He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager. He is currently ...

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Japan and India sign bullet train deal amid closer ties

BBC News : India has agreed to buy a high-speed bullet train from Japan, in an attempt to transform its creaking rail system. Prime Minister Narendra Modi said the train would link Mumbai and Ahmedabad, cutting travel time on the route from eight hours to two. The deal was one of a raft of agreements reached after talks between the ...

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Business as usual for Trump partners in Dubai, Istanbul

By Anealla Safdar aljazeera.com A Dubai luxury property developer has said that it is business as usual regarding a partnership with the Trump Organization, which is run by the Republican presidential front-runner who has called for a ban on Muslims entering the United States. “We would like to stress that our agreement is with the Trump Organization as one of the ...

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Greek parliament approves austere 2016 budget

BBC News : Greece’s parliament has narrowly approved the 2016 budget that includes sharp spending cuts and some tax increases amid economic recession. The budget was passed with a majority of only eight votes – 153 to 145. “This budget is a difficult task for a government that wants to leave its mark with social justice,” Prime Minister Alexis Tsipras ...

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