For some travelers, a hotel is simply a place to rest their head during a journey. For others, it’s a reason to travel in and of itself, and great design can be a huge motivating factor. You can blame it on Mad Menif you want, but few design movements have more fans than mid-century modernism. Originally popular in California and the Southwest, there are now hotels from coast to coast
By Mark John PARIS (Reuters) – Uber Technologies will suspend its UberPOP ride-hailing service in France, the U.S. company said on Friday, after it faced sometimes-violent protests and local authorities denounced it as an illegal taxi service. After fierce protests last week by licensed French taxi drivers who argue it threatens their livelihood with unfair competition, France took two executives from California-based Uber into custody and said they will face
Yields on top-rated German 10-year Bunds, the benchmark for European borrowing costs, fell as some investors chose to preserve their capital in low-yielding but relatively safe assets. The moves were marginal, though, as investors did not want to position too heavily on either side. “The European market is frozen ahead of the Greek referendum,” said Markus Allenspach, head fixed income research at Julius Baer.
Prime Minister Alexis Tsipras rejected European warnings that Greeks will be deciding on their future in the euro zone in a referendum on Sunday, saying negotiations would continue for a better deal with international creditors after the vote. In a televised address on Friday, Tsipras said a report by the International Monetary Fund which arguing that Greece’s massive public debt could not be sustained without significant writedowns vindicated his advice
The combination will push Aetna close to Anthem Inc’s (ANTM.N) No.2 insurer spot by membership, and would nearly triple Aetna’s Medicare Advantage business. The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd (ACE.N) announced it was buying Chubb Corp (CB.N) for $28 billion.
Chinese stocks tumbled again on Friday, taking the week’s losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at “clues of illegal manipulation across
Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported …
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus
There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. New customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400 percent between May and June, according to its founder Thanos Marinos, who put the number at “a
Frequent assurances by U.S. airline executives that they would maintain “discipline” when adding seats on competitive routes were a red flag for antitrust regulators on alert for collusion between the four largest air carriers, antitrust experts said Thursday. The U.S. Justice Department disclosed Wednesday that it has demanded details from the airlines about their communications on capacity with analysts, investors, the public and each other. Concern about coordination among the