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IMF no longer expects UK recession this year

3 years 5 months ago
The United Kingdom will no longer top the ranks of worst performing rich economies this year, according to the International Monetary Fund (IMF), which announced a major revision Tuesday to its previous gloomy forecast.

Why an empty sand plot in Dubai sold for a record $34M

3 years 5 months ago
An undeveloped piece of luxury Jumeirah Bay Island is snapped up by an unknown buyer for 125 million dirhams -- a little over $34 million -- showing that demand for high-end vacation home real estate in the emirate remains high despite global economic turmoil.
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