Business

Millionaire tells millennials: if you want a house, stop buying avocado toast

Millionaire tells millennials: if you want a house, stop buying avocado toast

Gurner has amassed almost half a billion dollars since buying his first investment property when he was just 19 years old. Tim Gurner , a luxury property developer in Melbourne responsible for over $3.8bn in projects, is facing heat for comments he made on 60 Minutes in Australia, implying that young people can't afford to buy property because they're wasting money on fancy toast and overpriced coffee.


Ex-Nomura Traders Latest Sued by SEC Over Lies About Bonds

Ex-Nomura Traders Latest Sued by SEC Over Lies About Bonds

According to the SEC, Chan agreed to settle the charges by repaying $51,965 plus $11,758 in interest and a $150,000 penalty. To view the full article, register now. The case against Im continues, the SEC said. The U.S. Securities and Exchange Commission said Kee Chan , a former Nomura managing director, "deliberately misled and lied to customers" on numerous occasions from 2010 to March 2012, including by making up "colorful but entirely fictitious exchanges" with customers on the other ...


Arsenal sweating over Oxlade-Chamberlain injury ahead of Stoke trip

Arsenal sweating over Oxlade-Chamberlain injury ahead of Stoke trip

However, after beating Manchester United, Southampton and now Stoke in the last three matches, the 67-year-old showed few signs of backing down in the face of strident criticism. Only the top four teams at the end of the season qualify and Arsenal manager Arsene Wenger would love to secure a 20th successive Champions League season.


Italy tries to bolster Libyan coast guard, despite humanitarian concern

Italy tries to bolster Libyan coast guard, despite humanitarian concern

The pace of migrant crossings is expected to pick up as the weather improves. "If we don't resolve Southern Libya's problems, we will not resolve the migrant issue", Abdulsalam Kajman, vice president in the UN-backed government headed by Fayez Seraj, told the newspaper Corriere della Sera.



China's New Airliner Sets Sights on Boeing and Airbus

Comac is a state-owned Chinese company and symbolises the government's desire to break into the commercial aviation space. Six C919 jets, the nation's first domestically developed single-aisle passenger aircraft, will be assembled for the flying tests before its commercial operation, which is scheduled around 2020, said Fu Guohua, deputy chief designer for C919.



Oil steady on expectations of extended OPEC-led production cut

According to both the ministers, the deal aims to rebalance the supply and demand globally with an aim to bring down global inventories to the levels of the 5-year average. The U.S. rig count rose by 9 to 712, extending an 11-month drilling recovery to the highest level since August 2015, implying that further gains in domestic production are ahead.