We visit one of the last luxury chalets to be built in Courchevel March 3, 2016 Perched high up in the Tarentaise Valley in France’s Rhone-Alpes region, Courchevel 1850 has long reigned as one of Europe’s most expensive and glitziest resorts – ranking top on both Knight Frank and Savills’ prime and ultra prime ski resort indices. Set in the vast Three Valleys area – the largest ski location in the [...]
US oil stockpiles are somehow still rising, defying the low price as Russia and Saudi Arabia become increasingly desperate for a deal March 2, 2016 Stockpiles of oil in the US have continued to defy the low oil price, adding the most barrels since April 2015, four times forecasts. The price of crude has barely even blinked however, up almost a dollar on the day. International benchmark Brent crude is trading for $36.92, while West Texas Intermediate is going for $34.57. [...]
Fiat Chrysler recalls 2,500 jeeps in Russia due to safety concerns March 2, 2016 Fiat Chrysler has voluntarily recalled 2,496 cars in Russia, the Russian technical safety watchdog Rosstandart has confirmed. Those affected are the Jeep Cherokee and Jeep Commander vehicles made between 11 March 2005 and August 2007. The cars were sold up until 2008. In December last year Fiat was forced to issue a recall for 570,000 SUVs globally and in [...]
Mix it up: Farewell to Dick Bradsell, Britain’s very own cocktail genius March 2, 2016 I never met Dick Bradsell. My brother-in-law worked for him at the now defunct Detroit bar, but I never took the chances I had to speak to the genius of mixology who, sadly, passed away at the weekend. By all accounts, Bradsell revolutionised Britain’s cocktail scene, putting London (alongside New York) at the frontline in [...]
Russian oil production shows first sign of freeze deal March 2, 2016 Russian oil production was flat in February, in the first sign of the country's participation in a historic production freeze deal among some of the world's biggest producers. Energy Ministry data showed oil output held at the same rate in January of 10.88m barrels per day. In tonnes, it hit 43.064m compared to 46.006m in January, which [...]
Putin pushes oil price higher as Russian oil firms agree not to increase output in 2016 March 1, 2016 The oil price has been sent sharply higher by comments from Russian president Vladimir Putin, promising Russian oil companies will not increase output this year. The price has soared to highs for 2016, with international benchmark Brent crude trading at $36.83 and West Texas Intermediate going for $34.26 dollars a barrel. Putin was speaking at a meeting with [...]
Everton takeover: Farhad Moshiri purchases 49.9 pc of the club after selling stake in Arsenal February 27, 2016 Everton will receive fresh investment after Britisih-Iranian billionaire Farhad Moshiri purchased 49.9 per cent of the Premier League club. The former Arsenal shareholder, who has a net worth of £1.3bn according to Forbes, beat Americans John Jay Moores and Charles Noell to a deal. Moshiri sold his 15 per cent stake in Arsenal to business partner [...]
Arsenal shareholder Alisher Usmanov increases personal stake in the club to signal long-term commitment February 26, 2016 Arsenal minority shareholder Alisher Usmanov has increased his personal stake in the Premier League club after buying out his business partner Farhad Moshiri. Billionaire Usmanov, worth $12.7bn (£9.2bn) according to Forbes, now owns 100 per cent of Red & White Holdings which represents 30.04 per cent of shares in Arsenal, after purchasing Moshiri's share. Read [...]
Fifa election 2016: What time is the presidential election? Who are the candidates? Where is it being held? And how does the vote work? February 26, 2016 It's all change at Fifa today as the scandal-hit organisation convenes in Zurich to elect Sepp Blatter's successor as president and vote on a raft of reforms to its structure and values. Five candidates are in the reckoning to up the mantle of leading football's governing body out of a period of continual corruption allegations, [...]