This Wednesday was a tough day for both Boeing Co. and unionized machinists in Washington State; we might even call it a never ending day, since final outcome of the past events still isn’t familiar. What will happen with union’s 31,000 workers or Boeing’s presence in Washington State or even U.S. overall is still not familiar. The concern took place when Boeing Co machinists yesterday rejected an eight-year labor contract extension and outcome of the rejection could cause the end of Boeing’s 97-year presence in the state.
Many of you must have experienced already how it feels like when you have to postpone all of your plans on Sundays, since many things don’t work in the same way as they do during the week. For some of you Amazon decided not to keep you wait for that package you would really needed before Monday. So starting from this week Amazon package could knock on your doors even on Sundays.
Apparently, the UK construction sector is slowly rising like a phoenix from the ashes as the newest findings showed that the segment finally recorded modest growth in May. Without a doubt, good news was brought as house building activity significantly strengthened.
Touted as one of the largest investment to be made by ABP China Holding Group, the new business gateway, which is to be developed on 35-acres of Royal Albert Docks by the company, will be the ‘third largest financial district in the capital.’ A news byte by Greater London Authority discusses the project and underlines that the venture would generate £23 million in business annually.
Newest data showed that China witnessed an increase in new home prices in 66 of 70 Chinese major cities in February, raising concerns over the prospects of economic growth. Unquestionably, the new leadership will have to face all challenges caused by increases in new home prices and real estate speculation.
On the 14th of March, California authorities issued an initial project which included a prime proposal to reform the Sacramento-San Joaquin Delta in an effort to secure water supply across the state. In addition, the documents of the Bay Delta Conservation Plan centrally focused on the California Governor Jerry Brown’s multi-billion suggestion to bring back the equipoise of the ecosystem and provide stable water supply for the state.
The Confederation of British Industry, UK’s leading lobbying organization, suggested that the forthcoming 2013 Budget should be centrally focused on creating around 50,000 new homes in order to reduce fiscal deficit. Moreover, the British Chambers of Commerce supported the plea put forward by the CBI to promote infrastructure.
Imagine yourself on a beautiful island. You can feel indescribable sea breeze on your face and hear sounds of nature. As private islands for sale can be found in many sizes, and they have different locations and other distinctive features, the initial price may not surprise you, though.
Some unimaginably futuristic plans will never be pursued, but some will… Despite the fact that idea of the cities of the future is still more or less on paper, underwater hotels are going to get us closer to a vision of our fate. Even though the Rangali Islands Resort in the Maldives glories in the title of the world’s first “underwater hotel”, on the horizon there is a new project which will certainly be revolutionary – the World Discus Hotel as it is to be the largest underwater building.
Getting a chance to organize and host the 2014 Winter Olympics is one of few opportunities when Russia can show the whole world how big and powerful it is. And it is – nothing to sneeze at. Yet, the preparations for the 2014 Winter Olympics in Sochi amounted to record $50 billion. Billions of dollars are being spent to rebuild national prestige and pride
Some things do not change. One of them is continuous rivalry among cities when it comes to the title of the most expensive office space. The highest prices give not only the prestigious title, but show which destinations are popular. And, to cut a long story short, London was awarded with the prominent title of the most expensive office space in the world, regaining it after several years.
On the 19th of February, Singapore and Malaysia informed that a new high-speed rail link would be build between the wealthy city-state and Kuala Lumpur. The news on the new high-speed rail link between two cities opens a new chapter in the bilateral relations. The Southeast Asian neighbors certainly will benefit from this new communication link not only on a human level, but mainly on the economic one. Economic ties between Singapore and Malaysia will be even stronger than these days. The high-speed rail link is expected to be a “game changer” for both countries.
The troubled UK construction sector contracted again in January, according to the newest figures. However, construction companies showed a little bit more confidence as they employed new workers for the first time in four months. Analysts underline that the slowdown in the UK construction activity might raise fears that economic growth will be weighed down in 2013. Among main causes of the recorded slowdown in the UK construction activity were harsh weather conditions and weak demand.
Even though the U.K. saw house prices drop for a sixth month in December, it has still true jewels which cannot be described as cheap and average at all. Lloyds TSB issued its annual list of most expensive streets in the U.K. Not surprisingly, London has once again outperformed other cities in the competition as all from the top ten are located in the capital of the U.K. According to the survey, residences located in Egerton Crescent, Kensington and Chelsea, London, are the costliest with the average house being valued at over £8 million
Nokia Corp. informed on the 4th of December that it signed an agreement to sell and lease back its headquarters located in Espoo, Finland. The Nokia Corp.’s decision to sell the headquarters comes as the Finish mobile maker is struggling due to tough economic conditions and strong competition in the market. Exilion Capital Oy, the Finland-based software consultancy firm, acquired the Nokia Corp.’s headquarters for approximately €170 million, or $222 million. The transaction is to be completed by the end of 2012.
On the 29th of November, Kingfisher Plc reported its third-quarter profit. According to a statement, the Europe’s largest home-improvement retailer saw a 6 percent drop in the period ended October 27 as sales declined in its main markets in France and the UK, not to mention that the company’s results were affected by unfavorable foreign exchange movements as well.
Dubai aims high as it has announced its plans to build the world’s biggest shopping mall and tallest hotel, not to mention gardens that are said to be larger than London’s Hyde Park. Dubai revives its property projects which have been postponed due to the global financial crisis. And it is not surprising that Dubai wants everything to be big as it always aims at showing off. So its big comeback is not unexpectedly revolving around the business of biggest.
On the 19th of November, Archstone Inc. stated that it expected to collect an amount of almost $3.45 billion in its first public offering. If the plans come true, the Archstone Inc.’s IPO will be, without a doubt, the largest commercial US real estate IPO of all time.