In new York, large brokerage companies acquire smaller firms
Mergers and acquisitions are the most significant trend in the new York real estate market, writes Forbes. Amid the panic, big players are buying up small companies. In new York,…

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Luxembourg became the first country in the world with free public transport
Buses, trams and trains in the country are now free, and you don't need to buy a ticket. Luxembourg became the first country in the world to make public transport…

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Knight Frank named the countries with the largest number of super-rich residents
In 2019, the number of people with a fortune of 30 million dollars or more grew by 6.4% worldwide and exceeded half a million people. Almost half of ultramagnetic lives…

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reason

The fed lowered its interest rate due to risks to the US economy

The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision was made at an emergency meeting. Donald trump is in favor of even more base rate cuts.

The us Federal reserve, which serves as the country’s Central Bank, lowered the interest rate by 50 basis points to 1 – 1.25% on March 3 as a measure of economic stimulus. The decision was made after an emergency meeting.

The US economy remains strong, but the spread of the coronavirus poses growing risks to economic activity, the fed said in a statement. Continue reading

French businesses temporarily exempt from property payments

The French President introduced a delay in utility and rental payments for small businesses. The country’s authorities are trying to support the economy in connection with the spread of the coronavirus.

French President Emmanuel macron, in a televised address to the nation on March 16, spoke about the measures that will be taken to compensate for business losses from the pandemic, Le Parisien reports.

According to the President, small companies “will not pay any taxes or fees.” Water, gas, electricity and rent bills will be frozen for small and medium-sized businesses. Continue reading

Spain has imposed a 15-day quarantine
The Spanish authorities followed the example of their Italian colleagues and introduced a nationwide quarantine. Spaniards should not leave their homes unless "absolutely necessary," the country's Prime Minister said in…

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The UN has published a rating of the world's happiest countries
Russia lost to Tajikistan and Moldova in the world ranking of happy countries. The UN presented the annual global ranking of happy countries World Happiness Report. It assesses the level…

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Named countries with the fastest growth in real estate prices
Last year was a good year for the world's main housing markets. However, global uncertainty does not contribute to the continued boom in property prices, writes Global Property Guide. Real…

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New rules for foreign account holders
From 2020, it will be easier for Russian residents to receive income from real estate to their foreign accounts. Tranio lawyers explain what this means, how to submit reports to…

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