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Former NYC mayor Bloomberg giving Johns Hopkins US$1.8bil for financial aid

NEW YORK: Former New York City mayor and billionaire Michael Bloomberg is giving $1.8 billion to Johns Hopkins University for student financial aid at his alma mater, Bloomberg said in an opinion piece published on Sunday in The New York Times.

Business

Ex-Mayor o insolvent city jailed 28 years for corruption

DETROIT: A U.S. judge sentenced former Detroit Mayor Kwame Kilpatrick to 28 years in prison for corruption on Thursday, one of the longest such sentences ever handed to a major U.S. politician, in a case that further battered the reputation of a beleaguered and insolvent city.

Business

Polish mayor here to promote Lodz

The sturdy Polish spirit was running high in Kuala Lumpur this week, and who better to charge it than Jerzy Kropiwnicki, the feisty Mayor of Lodz.

Business

Toronto mayor says he's open to sale of city assets

TORONTO: Toronto’s mayor won’t rule out selling some of the city’s prime downtown real estate as he looks to make better use of assets amid an unprecedented property boom.

Business

LA mayor presses China to allow more Hollywood films

BEIJING: A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on US film imports, the mayor of Los Angeles said as he urged officials to raise the country’s annual cap on foreign films.

Business

Mayor tries to turn Chengdu into an economic hub

GE Hongling, mayor of Chengdu (capital of Southwest China's Sichuan province), describes his city as a mix of Frankfurt of Germany, Paris of France, and Chicago in the United States. On his business card, above a picture of a group of pandas sitting on bamboo leaves, a line reads: 'A city you never say goodbye to.'

Business

Ivory Properties still keen on Plaza Rakyat project despite mayor saying no

PETALING JAYA: Ivory Properties Group Bhd said discussions on its agreement to revive the Plaza Rakyat project in Jalan Pudu were “in progress”, despite the Kuala Lumpur mayor announcing that a new contractor would be appointed.

Business

Mayor: UK leaving EU single market risks disaster

LONDON: London mayor Sadiq Khan will tell business leaders that he’ll fight any attempt to take the UK out of the European Union’s single market, a move he says could make Britain poorer.

Business

London mayor warns of exodus of top bankers

LONDON: London Mayor Boris Johnson has warned that thousands of high earning bankers will flee London because of the government's tougher taxes on bonuses.

Business

Mayor Daley not worried USOC changes will hurt bid

CHICAGO (AP) - Mayor Richard Daley isn't worried the management upheaval at the U.S. Olympic Committee will hurt Chicago's bid for the 2016 Summer Games.