“If demand for yachts is falling why should we push the demand in the sector,” Sen said implying it is not government's job to push demand for luxury items. “What government needed to do is to get its revenue deficit down. Basically it meant that …

Jason Snashall from Orakei Yacht Sales closed the sale of a $1.25 million 15.2-metre Prestige 500S luxury fly-bridge motor yacht on their marina stand, a first time 'at show' contract signing. "We had already been talking with this customer prior to …

Elkann is a modern-day renaissance man. He's a savvy marketer who was integral in the 2007 relaunch of the Fiat 500, and a design innovator whose team customizes exotic Ferraris using exotic materials. His design experiments stretch from luxury yachts …

U-Boat Worx, Triton Submarines and Seamagine Hydrospace Corporation, along with Hawkes Ocean Technologies, are betting the super-rich will want to go beyond cruising on luxury boats worth tens of millions of dollars. They see annual sales of private, …

There are also concerns that the Shanghai FTZ will attract services and trade revenue from Hong Kong, such as yuan settlement, luxury goods sales and port revenues, potentially damaging Hong Kong's position as the world's business gateway to China, …

… hectolitres of beer in 2012—but that's just 1.6 litres per person compared with 37 litres in China, 31 litres in Thailand, and 30 litres in Vietnam, according to a new report, Beeronomics 2013, by UBS Global, a financial services and corporate …

Concerns over a possible explosion – and acrid black smoke which was billowing from the scene – prompted the emergency services to close nearby Ouse Bridge, where crowds had gathered to watch the fire. Pubs and businesses in the area were also …

The OryxHills project, being developed by Surooh Real Estate Company, an investment vehicle managed by KHCB, consists of 70 high–end modern style villas built to the highest architectural standards, said a statement from the bank. Each villa comprises …

Between a fight with regulators over the wetlands and the recession that struck the high–end real estate market particularly hard, Edinburgh has yet to become the posh paradise that its developers and some in the city government had dreamed of. Just 98 …