Fitch expects debt service coverage excluding transfers and reserves to be maintained at comparatively tight levels of 1.10x-1.15x reflecting TOGA's emphasis on minimizing signatory carrier costs, which Fitch calculates to be around $38 per enplanement …

The second risk is the "shadow banking" in wealth-management products (WMP), created by trust companies and snapped up by affluent investors in search of higher returns. Institutions put their reputations on the line marketing these structured products …

Cachet hotel and residences will attract affluent connoisseurs, offering an "all-inclusive" luxury proposition. Cachet will feature highly personalized service, exceptional culinary experiences and spas that offer skin care and beauty treatments …

This he said should drive store openings and increase franchise revenues to take advantage of the added wealth of Filipino consumers. Jamieson said that as Filipinos become more affluent, they move to more aspirational, expensive products and services.

An unusually broad coalition of nonprofit organizations has joined forces in a legal challenge to the National Security Agency's electronic monitoring program, the Associated Press and Bloomberg write. Nineteen plaintiffs ranging from environmental and …

The Center for High Impact Philanthropy at the University of Pennsylvania has released the Food Funder Compass, a free, online guide to help United States donors channel their charitable dollars into organizations and models that make the biggest …

If the smartwatch market takes off, it will be interesting to see if there are more new entrants – lower-end watch brands like Casio and Sekonda, perhaps, through to more luxury names such as Rolex, Omega and Breitling. The opportunities seem limitless …

A trio of masked men smashed through cabinets in The Watch Gallery at Selfridges in Manchester last night and escaped with £500,000 of luxury watches in 80 seconds. The raid took place at 7.25pm last night while the store on the city's Exchange Square …

A report released by Digital Luxury Group (DLG) on the opening day of the BaselWorld watch fair this year revealed that the gap in global interest between Rolex and Omega – the world's two most searched-for luxury watch brands – has shrunk from 8.4 per …