Wealth

The chief executive of German automaker Volkswagen says the current discussion regarding diesel cars is unjustified and that the diesel engine has a “great future” ahead. “The diesels we are offering today are clean. They comply with the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) requirements and they meet the requirements and needs of our
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Floridians are no strangers to hurricanes and the wealthy of Miami know just how to protect their prized automobiles from the impending Hurricane Irma. Gil Dezer developed the 60-story Porsche Design Tower to withstand a Category 5 hurricane, and now he says there are more than $25 million worth of supercars tucked inside. “One of
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Private jet companies are seeing a surge in demand from wealthy Florida residents scrambling to leave before Hurricane Irma. With commercial flights booked or canceled, and the roads clogged with traffic, private jet companies said demand Wednesday and this week is shaping up to double or triple the usual demand. While this is normally a
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Finnish mobile games and animation studio Rovio Entertainment Ltd is considering to list its shares in Helsinki, bourse operator Nasdaq said on Tuesday. Nasdaq did not give further details, but said Rovio was due to hold a press conference later on Tuesday. Following years of falling earnings, job cuts and restructuring, Rovio returned to profit
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While the ban on ICOs does not directly affect bitcoin, the news created negative market sentiment which is weighing on the prices of several virtual currencies, according to Charles Hayter, chief executive and founder of digital currency comparison website CryptoCompare. “A rising tide lifts all boats but the opposite is also true – with generally
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Star Clippers’ five-masted, full-rigged 439-foot Royal Clipper looks like an old-fashioned sailing ship. Tucked inside are modern navigation systems, upscale accommodations and amenities, such as three swimming pools and supervised mast-climbing. The spa, health club and other areas of the ship’s Captain Nemo Lounge even have underwater glass portholes. When Star Clippers’ Flying Clipper, debuts
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In an interview with CNBC on Friday, White House economic czar Gary Cohn said that the main beneficiaries of a planned corporate-tax cut are workers. Touting the benefits of cutting the corporate-tax rate, he said it’s not just rich investors who stand to gain. He said pensions own most of the corporate stocks in the
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Japan, the United Kingdom, and several other countries have adopted a system known as “precision withholding” that lets taxpayers avoid filing any kind of tax return at all. The tax return, at the end of the day, is an anachronistic legacy of the old days of paper record-keeping when it wouldn’t have been feasible to
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At times, she said, she languished in virtual detention after Guo’s staff confiscated her smartphone, computer, passport and keys and forbade her from leaving her room in his luxury apartment in the high-end London neighborhood of Belgravia. To prove her case, the woman surreptitiously met a lawyer friend in London earlier this year to give
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Fraud is becoming a bigger threat to your retirement security — even if you think you’re too sharp to fall for a scam. One 2015 report estimated that older Americans lose $36.5 billion each year to financial scams and abuse. The problem is growing, and researchers say older adults experiencing cognitive decline are just a
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Russian aluminium giant Rusal reported a 48 percent rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510 million from $344 million in the same quarter
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However, the UBS report says the 3 percent knock to earnings is not disastrous as euro zone company earnings are up strongly this year. “Additionally, there have been periods in the past of euro strength coinciding with decent European eps as it can signal a stronger domestic economy. Consensus estimates for 2017 EPS growth, currently
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The Los Angeles Times reported that the power couple is getting a mortgage of $52.8 million for their $88 million purchase of a newly built, 30,000-square-foot mansion. The deal is the most expensive home sale of the year in LA, topping an $85 million sale in Malibu. Forbes recently declared the couple as billionaires, with
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