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☆ UK leads resurgence in European office investment
▼ + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International

Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany

☆ In 1916, the US began forcing Mexicans crossing the southern border to take kerosene baths. That tactic was later studied by the Nazis.
▼ + stars: | 2023-11-09 | by ( Dearbea Walker | ) www.businessinsider.com time to read: +12 min

In 1916, the US began forcing Mexicans that crossed the border to bathe in a mix of kerosene and vinegar. A US immigration officer talks to Mexicans in El Paso, Texas, 1916. El Paso was considered to have the ideal dry, warm climate to combat tuberculosis, and so, multiple sanatoriums were built in the city. AdvertisementAdvertisementAs a result, Mexicans and Mexican Americans who lived along the border developed a deep fear of the baths, Levya said. In total, the government is thought to have bathed 127,123 Mexicans at the bridge between Juárez and El Paso.

Persons: —, Thomas Calloway Lea Jr, B.J, Lloyd, Bettmann, Carmelita Torres, Torres, PhotoQuest, Lea, David Romo, Tom Lea, Dr, Yolanda Chavez Levya, Levya, Leonard Nadel, Levya's, Torres –, Gerhard Peters, Peters Organizations: Service, Public Health, Riots, Mexican, Labor, Ku Klux Klan, Tom Lea Institute, The University of Texas, US, El, Public Service Health, Hidalgo Processing Center, Archives Center, National Museum of, Smithsonian, US Public Health Service Locations: Mexico, United States, El Paso , Texas, El Paso, Mexican, Hidalgo, Texas, East, Southeast Asia, Juárez, El Paso ., German, Nuremberg

☆ UK’s Motorway takes eBay approach for consumers to sell cars to dealers
▼ + stars: | 2023-10-05 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

EBay also sells cars in the UK, though its own marketplace consists of consumers or dealers selling to consumers. The pandemic "acted as a massive accelerant" for Motorway because physical auctions were closed for months and dealers needed access to cars, Leathes said. In 2022, its auctions doubled to 1.7 billion pounds ($2.06 billion). That should double again this year, giving Motorway around a 5% share in a UK used-car market worth 80 billion pounds, Leathes said. Dealers can now use "wallets" for multiple transactions and Motorway now picks up around 30% of the cars it sells and delivers them to dealers.

Persons: Tom Leathes, Leathes, Nick Templeton, Templeton, Lewis Jent, Nick Carey, Nick Zieminski Organizations: eBay, Reuters, EBay, Index Ventures, Growth, BMW I Ventures, BMW, Dealers, Tesla, Thomson Locations: Britain, U.S, Leathes, CarShop

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