Consumer confidence slumps to recession levels in US, UK and the EU
Consumer confidence has slumped to levels normally associated with recession in the US, UK and Germany in a reversal of the recovery seen earlier this year.
The US Conference Board’s index of consumer sentiment fell…
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Bath Thermae Spa: the only natural hot spa in Britain
Dubai hotels have done much to popularize spas in the UAE but for the real thing you should head to the only natural hot spa in Britain, the Bath Thermae Spa.
There has been a…
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Why financial professionals still hate gold and ignore silver
There was a definite sense of schadenfreude, that is taking pleasure in the pain of others last week when the gold price underwent its biggest correction in years, with financial pundits queuing up to declare…
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Hotel Review: St Pancras Renaissance London’s newest five-star deluxe
Arabian residents and nationals have apparently already been frequent guests at the magnificent St Pancras Renaissance hotel at London’s Kings Cross railway station which only opened this May.
Formerly the British Rail Midland Hotel this…
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Dodgy financial consultants now targeting wealthy UAE expats
Your mobile rings. Have you won the lottery? Is your wife wanting something from Spinneys? Has something gone wrong at work? An old friend coming to see you perhaps? No, it’s another of those damned…
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UK most indebted nation in the world reveals new study
A new study from brokers Tullett Prebon called ‘Project Armageddon’ has established the true scale of borrowing in Britain which amounts to a truly staggering £5 trillion or $8.3 trillion.
You would hardly think that…
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Will gold junior stocks still deliver the biggest gains of this bull market?
Investors in the gold sector will be familiar with the junior gold or exploration companies. These generally micro-cap companies own the gold mines of the future, or at least they hope to do as they…
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Wanted: more entrepreneurs to revive the global economy!
Yes your country needs you, wherever you live if you are an entrepreneur. These are the guys who start businesses and employ people. All the jobs created in the US in recent times have come…
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Buffett’s $5bn BoA play, Salomon error repeated or GS payday?
So Warren Buffett sat in his bathtub yesterday and suddenly thought a $5 billion investment in the beleagured Bank of America would be a good idea and deliver him six per cent of the group’s…
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Nakheel completes its $16bn refinancing and starts building again
The government-owned developer most hit by the Dubai real estate crash almost three years ago has finally announced the completion of its $16 billion refinancing with the issue of an Islamic bond today to contractors…
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