64 year old British man has died and another 43 year old survived after their 12 metre yacht started to take on water in heavy seas on Monday

64 year old British man has died and another 43 year old survived after their 12 metre yacht started to take on water in heavy seas on Monday 360 miles to the NE of Gran Canaria. The area was outside the SAR Spanish search and rescue zone in Moroccan waters.The Britons sent an SOS message by radio which was received by the ‘Tordis Knitsen’ ship which went to assist, initially rescuing both men alive, but the older man died shortly after. The 43 year old is reported to be in good health.The ‘Tordis Knutsen’ was expected to arrive on Gran Canaria, her intended destination at around 2000 on Tuesday, from where the Guardia Civil will handle...

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It’s A GIRL for Stella McCartney!! Stella McCartney welcomes Baby Girl, Reiley. She gave birth to her fourth child last Tuesday

It’s A GIRL for Stella McCartney!! Stella McCartney welcomes Baby Girl, Reiley. She gave birth to her fourth child last Tuesday, Nov. 23 in London.Daughter of The Beatles star, Sir Paul McCartney, 39-year-old Fashion designer Stella iscelebrity baby herself and is now proud mother of four beautiful kids. Reiley is grandchild number seven for Sir Paul McCartn...

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XIBERRAS WARNS AGAINST ANDORRA SUGGESTION

Maurice Xiberras, well known integrationist and a former Leader of the Opposition in the 1970s, has withdrawn his public support for Chief Minister Peter Caruana in response to statements in Seville last week regarding the modern Andorra constitution. Last week Mr Caruana mooted that in the hypothetical situation that a modern Andorra status were offered to Gibraltar he might possibly recommend it to Gibraltarians in a referendum.  The Constitution of Andorra that was agreed by the Andorran people in a referendum 1993 was signed by Andorra's two co-princes, the President of France, and the Bishop of Urgell, who at that time were François Mitterrand and Joan Martí Alanis. The new constitution makes these two officials Andorra's heads of state but also states that Andorra's sovereignty...

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Picasso Treasure Trove Worth £50m Discovered - Yahoo! News UK

Picasso Treasure Trove Worth £50m Discovered - Yahoo! News UK: "Pierre Le Guennec, 71, who once worked for the prolific Spanish-born painter, had kept the artworks inside a trunk in the garage of his home on the French Riviera. The pictures include lithographs, watercolours, portraits and sketches and date from Picasso's most creative period, between 1900 and 1930, according to reports in France. Nine of them are collages from his Cubist period which are said to be worth £33m alon...

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Spain braces itself for a crisis made in Germany

FT.com / UK - Spain braces itself for a crisis made in Germany: "Spain saw the light at the end of the tunnel. Six months later, it is looking like it belongs to an incoming train. Seeing how the story unfolded in Greece and Ireland and watching the crisis heading for Portugal, it is no wonder that the dominant sentiment in Spain is concern. But more than that, the prevailing feeling is one of frustration with Germany. With the May agreement in its pocket, the Spanish government went home and put together a reform package that had everything required to get Spain out of its collision course: government expenditure reductions, labour market reforms,...

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Vodafone slashes cost of web browsing in Europe - Telegraph

Vodafone slashes cost of web browsing in Europe - Telegraph: "UK’s third biggest mobile operator will from Wednesday allow its customers to browse the web on their mobiles while in Europe for £2 a day. Vodafone said the flat £2 fee for up to 25MBs of data represents a 60pc saving on the current price. Customers who have signed up to contracts in excess of £40 a month will be able to access the web abroad for no extra cos...

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Spain is the “big elephant” in the European debt crisis

Spain is the “big elephant” in the European debt crisis because there may not be enough money to bail out the Iberian nation, saidNouriel Roubini, the New York University professor who predicted the global financial crisis.Investor concern has shifted to Spain and Portugal since yesterday, when European governments sought to bolster the euro by giving Ireland an 85 billion-euro ($113 billion) aid package and diluting proposals that would have forced bondholders to bear some costs of future bailouts.“It is quite likely that Portugal” will be next in line for a financial assistance, Roubini said today in Prague at a conference of chief executive...

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Britain's most expensive flat

Abu Dhabi Islamic Bank is to pay a record rent for the final retail unit at One Hyde Park, the luxury Knightsbridge development managed by the Candy brothers in London.The luxury residential and retail development claims to include Britain's most expensive flat, at £140m, and has attracted the interest of wealthy overseas tenants, particularly from the Gulf and Russia. It is thought that the Abu Dhabi group outbid other Middle Eastern banks as well as upmarket fashion retailers to bag the final 3,000sqft unit at street level – paying more than the area's current record of £550 per square foot.Abu Dhabi Islamic Bank, which was advised by agent...

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Secret Spanish mansion of rogue lawyer Andrew Nulty who made millions from sick and dying pitmen - pic - mirror.co.uk

Secret Spanish mansion of rogue lawyer Andrew Nulty who made millions from sick and dying pitmen - pic - mirror.co.uk: "This is rogue lawyer Andrew Nulty's £5million bolthole - paid for by the sweat, tears and suffering of dying miners. We tracked down the disgraced solicitor - struck off last year for siphoning off sick pitworkers' compensation - to his turreted home in millionaires' playground Sotogrande, southern Spain. The vast seven-bedroom mansion has its own pool and a garage bigger than the average semi. But brazen Nulty also has a £1million beach-front apartment in the nearby tax haven, Gibraltar. In another photo certain to enrage those...

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Spanish bank bids to seize couple's UK home after they miss payments on holiday flat | Mail Online

Spanish bank bids to seize couple's UK home after they miss payments on holiday flat Mail Online: "A couple who face losing their house in Britain to a Spanish bank have warned of the dangers of falling behind in mortgage payments on holiday homes abroad. In an alarming development for the many thousands of Britons who have bought properties in Spain, a bank in Marbella is using EU law to force Carol and Ian Chatterton out of their £300,000 cottage in Wiltshire. The couple – who are both NHS paramedics and have two daughters aged 12 and 14 – could be forced to sell up to pay back a mortgage on an apartment in Spain, following a hearing due to...

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Spain could be forced to seek a bail-out within months, warns Barclays - Telegraph

Spain could be forced to seek a bail-out within months, warns Barclays - Telegraph: "The weight of bank debt needing refinancing next year could threaten Spain's solvency and force it to become the next European country to seek a bail-out, according to a report from the investment banking arm of Barclay...

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Luck runs out for global gambling cheats - NYPOST.com

Casino Gambling For DummiesLuck runs out for global gambling cheats - NYPOST.com: "Two Italian roulette cheats who are believed to have conned millions from casinos around the world have been caught -- but there was outrage Friday after the crafty pair escaped with suspended jail terms. Francesco Baioni and Frank Camilleri enjoyed luxury lifestyles for 20 years using fake IDs to avoid detection. Described as 'notorious' and 'professional' by police, the Italian duo operated in the US, Australia and China, as well as the UK, using the false documents to get into casinos that had barred them. Police have not discussed the exact tactics used by...

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The Savoy: A landmark of luxury - UK, Travel - The Independent

The Savoy: A landmark of luxury - UK, Travel - The Independent: "The original isn't always the best. Cars, computers, songs by Bob Dylan: so many good ideas have been taken and improved by others. When The Savoy opened in 1889, it was London's first luxury hotel, offering hot and cold running water, 24-hour room service, electric lighting and 'ascending rooms', or lifts, as we now say. There were even telephones in the bathrooms. Indeed, the design included so many en suites that one builder enquired if they expected the guests to be amphibians. For a public used to chamber pots, such luxury was unimaginable. The Savoy has been a byword for style...

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UK : MAJINJOO prepares for London Fashion Week 2011 - Fashion News UK

UK : MAJINJOO prepares for London Fashion Week 2011 - Fashion News UK: "Since graduating from London College of Fashion in 2010 with a master’s degree in womenswear, Korea-based designer Jin Joo Ma has had her graduate collection picked up by many stylists and photographers and has been dubbed “an old meets new clash, culminating in a sophisticated and striking collection.” Her designs displayed a unique style combining rigid glitter pieces and flowing feminine fabrics to create a modern take on power dressing. She described the influence behind the collection as “Mefale”; the ultimate balance of masculinity and femininity. She also took inspiration...

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Morocco is attracting the luxury investor | City A.M.

Morocco is attracting the luxury investor | City A.M.: "IT’s hot, it’s exotic and beautiful. No wonder Morocco, long on the traveller’s radar, is rapidly becoming the place that the beautiful people are going to buy their second homes. Says Alistair Emery, CEO of developer Ajensa, which is nearing completion of the Baglioni resort near Marrakech: “In the last few years as people have tightened their belts, Morocco has benefited because people have chosen not to go too far away. It’s on the doorstep of Europe, has constant climate and is the closest place that is something very different indeed.”According to the Moroccan Tourist Board’s annual report, tourism numbers have risen 10 per cent in the last year. Inevitably, property investment follows tourism, both main objectives of the new king...

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EasyJet launches launches service to Gibraltar from Liverpool John Lennon Airport - Liverpool News - News - Liverpool Daily Post

EasyJet launches launches service to Gibraltar from Liverpool John Lennon Airport - Liverpool News - News - Liverpool Daily Post: "BUDGET airline Easyjet has confirmed the launch of a Gibraltar service from Liverpool John Lennon Airport next year.Booking for the route opens today and the first flight will depart on Tuesday March 29, 2011.The carrier said it will operate a three-times a week service to the “rock” with fares starting from £27.99, including taxes, for a single ticke...

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Lagerfeld to design for a major mass market retailer - Fashion, Life & Style - The Independent

Lagerfeld to design for a major mass market retailer - Fashion, Life & Style - The Independent: "Can't afford Chanel? Snap up pieces from Karl Lagerfeld's collection for Macy's instead.Lagerfeld's women's collection will be sold in about 250 Macy's stores as well as online starting September 2011. It is part of the American department store chain's new initiative to launch a series of limited-edition designer collections for its Impulse range - geared towards younger, more fashion-forward customers - starting early next year.The designer collections will rotate every two months and will start in February 2011 with Kinder Aggugini, a darling of the London fashion scene. Aggugini, who started his eponymous label four years ago, has previously worked with John Galliano, Paul Smith, Versace,...

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Luxury TV channel opened for holiday shopping season

Luxury TV channel opened for holiday shopping season: "PoshTV, a new national 24-hour shopping network, has opened in the US. Showcasing high-end designer jewelry, gemstones, accessories, handbags and shoes, the shopping channel airs on on DirecTV channel 314. PoshTV, which offers a range of luxury merchandise at discounted prices, should reach 19.3 million viewers in all 50 states over the major retail buying season. Some of the upmarket brands on offer through the channel are: Demeter, Steven Zale Beverly Hills, B. Smith, Effy and Paris Blues, as well as other celebrity-infused brand...

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Hermès Is Suspicious of LVMH’s Advances - NYTimes.com

Hermès Is Suspicious of LVMH’s Advances - NYTimes.com: "In the world of luxury brands, Hermès International has cultivated an image of purity by remaining true to its roots, shunning the mass production and outsourcing that many rivals have adopted to improve profitability. Enlarge This Image Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, recently acquired a 17.1 percent stake of Hermès. Lately, however, it has been attracting attention less for its expensive silk scarves and artisan handbags and more for the unwelcome approach of Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, the luxury goods giant. As he has often done, Mr. Arnault, one of the world’s wealthiest men, came in quietly, surprising the family-controlled Hermès last month with the news that he...

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Luxury tea purveyor hopes to brew business in Canada - The Globe and Mail

Luxury tea purveyor hopes to brew business in Canada - The Globe and Mail: "The North American luxury market, including Canada, remains a lure and a challenge for any Asian brand seeking to be a global player in high-end goods. Economies and the consumption of luxuries may be booming in the emerging East, but the mature markets offer additional demand and wider acceptance of high price...

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The timeless experience of buying a luxury watch brand - Home - livemint.com

The timeless experience of buying a luxury watch brand - Home - livemint.com: "It is not often that one buys a bona fide luxury brand. But for a close family friend’s wedding last week, we decided to gift something very special—typically, that also means very expensive. So we zeroed in on a watch and set off for Noida’s Great India Place Mall. At the watch section of a retail chain store, a few bored salesmen, in ill-fitting shirts and ties, hung around. A couple of them ambled up to us, but said nothing more enlightening than how a golden Citizen would be a better wedding gift than a sporty Tissot. Apart from this personal opinion, we heard nothing knowledgeable about product features. The watches were stacked in open racks, like biscuits in a supermarket, which means both salesman and customer...

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Luxury housing plan in Gloucester Park (From Basildon Recorder)

Luxury housing plan in Gloucester Park (From Basildon Recorder): "crescent of townhouses could be built in Gloucester Park under the £1billion Basildon masterplan. Details have emerged of the houses, although it is not yet clear how many would be built on the site of the current swimming pool car park and former netball courts. However, early plans released as part of the masterplan consultation show 35 separate buildings, some of which appear to be able to house a number of properties. The aerial images show three separate parallel streets in the crescent, with an interconnecting road through the middle. Basildon Council leader Tony Ball said the images were indicative and it was not yet clear how many properties would be built. He said: “The amount will all be part of the consultation. What...

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OK! Magazine: First For Celebrity News :: Hollywood News :: Gossip Girl's Leighton Meester comes up fashion trumps in Madrid, Spain

OK! Magazine: First For Celebrity News :: Hollywood News :: Gossip Girl's Leighton Meester comes up fashion trumps in Madrid, Spain: "GOSSIP Girl’s Leighton Meester beamed bright in black as she promoted Herbal Essences hair products yesterday at the Hesperia Hotel in Madrid, Spain.The Gossip Girl beauty rocked her tousled tresses as she hammed it up for the camera in a black mini dress and fun open-toed pumps.Leighton Meester has a lot on her plate with filming the hit US teen drama, endorsement deals and promoting her new flick, Country Strong.But she still managed to as great as Blair Waldorf - the character she plays on the sho...

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Spain, Portugal and Belgium set to follow Ireland as debt crisis threatens euro | Mail Online

Spain, Portugal and Belgium set to follow Ireland as debt crisis threatens euro | Mail Online: "Contagion: Portugal, Spain and Belgium are viewed as the 16-nation eurozone's next weakest links Belgium's debt reaches 100% of annual national incomePortuguese and Spanish borrowing costs rise sharplyStandard & Poor's reduces Ireland's credit rating to AEire PM resists EU pressure to raise corporation taxIrish families each face 4,600 euro bailout billEuro drops to a two-month low against the U.S. dollar over bloc's financial health.Report warns eurozone's problems won't stop at Irela...

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Miguel Angel Fenrandez Ordonez, said the contagion had spread rapidly to the eurozone periphery and "made itself felt" in the Spanish debt markets

Spreads on 10-year Spanish bonds rose to a post-EMU record of 233 basis points over Bunds, pushing the yield to 4.87pc. Spain's central bank governor, Miguel Angel Fenrandez Ordonez, said the contagion had spread rapidly to the eurozone periphery and "made itself felt" in the Spanish debt markets. He called on Madrid to accelerate fiscal reforms to persuade the markets the country really means to put its house in order."Spain is a bit too big to be bailed out," said Antonia Garcia Pascual, of Barclays Capital. "The size of rescue required would use up all the funds available and then you have Italy with contagion as wel...

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Spain desperately trying to avoid Ireland scenario

gulfnews : Spain desperately trying to avoid Ireland scenario: "As debt-stricken Ireland heads for a Greek-style EU bailout, Spain is desperately trying to avoid being lumped in the same basket but analysts warn it will have to do more to keep investors happy.There is 'absolutely no reason' to compare Spain with Ireland, Finance Minister Elena Salgado said on Friday.'We are able to borrow fresh funds at practically the same [cost] as Italy and do much better than Ireland, Portugal and most certainly than Greece.'I think the markets believe in Spain ... [which] has no need of any extra austerity measures,' she said.In May, the EU and the International Monetary Fund bailed out Greece to the tune of 110 billion euros (Dh550 billion) to prevent a likely debt default that could have torpedoed the...

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