Britain's most famous shopping streets see dramatic rise in international ownership (UK)

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According to a recent report by international real estate advisor Savills, over the past five years estimated sales of £1 billion (€1.15 bln.) and £2 billion have taken place on Bond Street and Oxford Street respectively, leading to a dramatic change in ownership profile. UK funds, British and Irish pension funds, who accounted for 96% of ownership on Oxford Street, have reduced their collective stake to 39% having been bought out by investors from Denmark, Spain, Cyprus, Qatar, Libya, Ukraine, India, Hong Kong, Sweden, Canada and the Far East.

Serbia formalises EU membership bid
| news	Serbia has formally applied for European Union membership. The move comes a decade after the end of the Balkan wars that tore apart the former Yugoslavia, isolating Serbia from mainstream Europe. Yet Belgrade knows the accession process will take years more. Negotiations can only begin after all the EU members have accepted the applicant country as a candidate...