The Internet's key oversight agency relaxed rules Thursday to permit the introduction of hundreds, perhaps thousands, of new Internet domain names to join ''.com,'' making the first sweeping changes in the network's 25-year-old address system.
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The number of people around the globe with at least $1 million in assets grew 6% last year to 10.1 million, according to the 12th annual World Wealth Report released Tuesday by Merrill Lynch and Capgemini Group, a consulting firm.
That means an additional 600,000 people became millionaires or richer even as problems tied to the U.S. credit crisis spread in the second half of the year.
The combined wealth of the millionaires' club meanwhile grew 9.4% to $40.7 trillion. Their average wealth, which didn't include primary homes, surpassed $4 million for the first time.
There are only two penthouses available in the tower, with the rest of the residences made up of one to four bedroom units, ranging from from 890 to 7,500 square feet.
Apartments in the iconic hotel and residences have already reached record highs – topped only by the Burj Dubai - with pre-sales for some units fetching as much as $3,000 per square foot, with an average price of $2,450.
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Luxembourg is by far the richest country in the European Union, with Ireland second at almost half its gross domestic product per capita, while Bulgaria is the poorest, the European Union statistics office said.
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A local developer took the first step yesterday toward building the tallest skyscraper in America when City Councilman Darrell Clarke introduced legislation for zoning changes needed at the 18th and Arch streets location.
Clarke's action came on the same week that Mayor Nutter laid out his goal to restore to the City Planning Commission the power to shape such developments. The councilman and the mayor agree the commission should run the show on the proposed skyscraper, which Walnut Street Capital has named the "American Commerce Center."
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Beijing has revoked the export licences of 700 toy factories over safety failings, state media reported Wednesday, after a series of high-profile scandals hit the image of Chinese goods overseas.
Beijing launched a massive campaign to inspect all 3,540 toy firms with export permits last August after tens of millions of Chinese-made toys were recalled globally due to design or manufacturing flaws.
It barred 700 firms -- nearly one in five -- from exporting because they failed to meet safety standards, the China Daily quoted a senior safety official as saying.
I often see many disgruntled people in network marketing, MLM's, and other types of home businesses. The complaints center around why I am not making any money. The blame for their lack of success in their business is usually the home business they are affiliated with.
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Microsoft Corp. is once again trying to team up with Yahoo Inc. to challenge Internet search and advertising leader Google Inc., although at this point the renewed talks haven't escalated to another attempt to take over Yahoo.
The Redmond, Wash.-based software maker disclosed the revived discussions Sunday without providing any specifics about the nature of the deal being explored except to say it involved bolstering the companies' position in the online search and advertising markets.
World trade growth slid to 5.5% last year from 8.5% in 2006 and may grow even more slowly in 2008 — at about 4.5% — as sharp economic deceleration in key developed countries is only partly offset by continuing strong growth in emerging economies, according to World Trade Organization economists.
WTO economists cautioned that their preliminary assessment of 2007 trade figures and forecasts for this year have been unusually difficult to gauge due to the uncertainty caused by sharp market fluctuations.
Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China.
U.S. light crude settled up $1.83 at $116.96 a barrel, before hitting a record $117. London Brent crude gained $1.49 to $113.92.
Oil prices have more than quadrupled since 2002 as supply struggles to keep up with booming demand, especially in China and other emerging economies.
"The bulls still hold the cards," said Mike Fitzpatrick of MF Global in New York.
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