The UK Pound fell this week to its lowest value against the US Dollar in five years as news of an economic slowdown in the country fueled its drop. The British currency also fell against the euro as Prime Minister Gordon Brown predicted the UK will slip into a recession. At the end of the day on October 22, the pound was worth just over $1.61, but it looked to pick up a little ground in overnight...
Starbucks is set to open its first Bulgarian coffee shop in the capital of Sofia in early November, 2008, the company said recently in a media release. The American based coffee chain will open its new store as a franchise through Greek firm Marinopoulos Bros. The store will be the first of many they plan to open in Bulgaria, according to the company. The new Starbucks coffee shop will be located on the...
GoldenTree InSite Partners, a New York-based real estate investment firm, recently announced that it was planning to invest US $222 million in a joint venture in Brazilian real estate. The firm will partner with Sao Paulo, Brazil-based LDI – Inteligencia Urbana Completa, to develop residential and office property for sale. The venture is GoldenTree InSite’s largest investment in Brazil over the last...
Phoenix Arizona will be the scene for the auction of the decade with Senator McCain’s former house going to auction on 25th October 2008. According to the Phoenix New Times the luxury house is being listed for a 12 million dollars Owning a potential presidents former home appears to have some great advantages when it comes to selling the property. The owner of Senator John McCain’s former home is...
The easternmost of the Cape Verde Islands is Boa Vista, which is home to the Palm View Resort. This spectacular six-star residential resort is nestled amongst the date palms on the island of beaches and sand dunes. There are spacious apartments and modern villas with beachfront access and wonderful ocean views . The residences are full of the most modern amenities and luxuries, including 42” plasma...
The fall is traditionally when travel companies, hotels and airlines look to raise prices for the coming year, but this year the opposite is happening. While there have always been good deals for those who spend the time to find them, there are more deals this year, particularly for those who want to travel in style. Airlines are leading the way with discounts and specials. For those in the US, American...
The northern Italian city of Torino, or Turin to many English speakers, hosted the 2006 Olympic Winter Games and is still enjoying the afterglow from the attention. Since winning the rights to host the games, this formerly industrial city has become a cosmopolitan center of food and design. “Twenty years ago, Turin was still just a one-company town,” said Alessandro Bertin, a city spokesman. “But...
Between January and August 2,567,050 tourists visited the Dominican Republic, according to its Ministry of Tourism. This is a 4.5% increase compared to the same period in 2007, when 2,455,932 tourists visited. Over half the tourists came through Punta Cana International Airport (54.7%), while the remaining tourists came through Las Americas International Airport (19.3%), Puerto Plata (15.8%) and La Romana...
In the heart of Budapest along the Danube River is a 10 hectare property that is being developed into the new Millennium City Center. This project includes residential, cultural, hotel, retail and office spaces and will offer a modern city center to go along with the well known historic old city. This new complex will be the home to the three major cultural institutions in the country, the Festival...
The Algarve region of Portugal is the destination for many holiday travelers and home buyers. The resort development of Vilamoura is one of the newest residential towns of this region, and in the heart of Vilamoura is the Condominio do Pinhal. This exclusive luxury development has both townhomes and apartments and is very exclusive. There are only 10 townhouses at Condominio do Pinhal and 18...