Ansuya Harjani, NBR, CNBC.com’s Posts

A city with coffee shops on nearly every corner, bike paths meandering through its charming streets and plentiful green spaces, Vienna retained its crown as the city with the best quality of life, according to a global survey by management consultancy Mercer. The picturesque capital of Austria, which has topped the rankings for five consecutive …

After months of speculation, British luxury carmaker Rolls Royce confirmed on Wednesday that it is developing a sports utility vehicle (SUV) – the first in the company’s 111 year history. “I am proud to confirm that Rolls-Royce Motor Cars is developing an all-new, high-bodied Rolls-Royce designed to satisfy the contemporary, highly mobile lifestyles of our …

As the world’s richest individuals approach retirement, the next three decades will see trillions fall into the hands of their younger family members – the biggest wealth transfer in history from one generation to the next, according to a new report. At least $16 trillion of ultra-high net worth (UHNW) individual’s wealth will be passed …

Old is gold: as flip phones, vinyls and desktop PCs become hip again, 2015 could mark the year of retro-tech. “We see a lot of people discovering retro-technologies – flip phones, we’ve got the BlackBerry Classic that just came out, people are buying vinyl albums again, the desktop PC is getting reinvented,” Bob O’Donnell, founder …

The Russian central bank’s dramatic rate hike further threatens financial stability in the troubled economy and is thus unlikely to put a floor under the country’s currency or stocks, say analysts. The Central Bank of Russia (CBR) unexpectedly hiked rates by 650 basis points to 17 percent overnight after the beleaguered ruble plunged to a …

OPEC’s contentious decision to keep its production target, leaving the market with a supply glut, could trigger a wave of debt defaults by U.S. shale oil producers, warn analysts. The 12-member oil cartel on Thursday said it would stick to its output target of 30 million barrels a day, triggering a sharp decline in oil …

A staggering 330 million urban households around the world live in substandard housing or are so financially stretched by housing costs they forgo other basic needs like food and health care, according to McKinsey. Urban dwellers globally fork out $650 billion more per year on housing than they can afford, or around 1 percent of …

The world’s millionaire population will leapfrog to 53 million from 35 million over the next five years, supported by an explosion of wealth in emerging markets, according to Credit Suisse. China will be a large driving force in the growth of global wealth, alongside Indonesia, India, Mexico and Brazil, the bank said. The number of …

Gold slumped to its lowest level in 15 months on Monday, leaving investors split over the near-term outlook as it trades near key technical levels. Better-than-expected U.S. jobs data on Friday boosted the dollar and dampened safe-haven demand for gold, pushing prices to $1,183.46 on Monday. A break below key support $1,180 would spell further pain for gold, said Chris Weston, chief market …

The world economy is going through a rough patch, yet the world’s billionaire population is at an all-time high. A new survey shows that 155 new billionaires were minted this year, pushing the total population to a record 2,325 – a 7 percent increase from 2013. Credit goes to the United States – home to the most billionaires globally – where …

If you thought $35 million for a Ferrari was outrageous, get ready for this. A rare copy of Action Comics #1 – which features the first appearance of Superman – in near perfect condition, sold for a jaw-dropping $3.2 million on eBay Sunday, making it the most expensive comic in the world. The previous record was set in 2011 …

Twitter‘s stock jumped nearly 30 percent in after-hours trading on Tuesday following the release of its quarterly earnings, as a solid growth in active users soothed concerns about the future of the microblogging site, but some analysts remain skeptical. As if to downplay the positive impact of the World Cup event on Twitter’s second quarter …

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2014, citing a weaker-than-expected first quarter, particularly in the U.S., and a “less optimistic” outlook for several emerging markets. The global economy will likely expand 3.4 percent this year, a cut of 0.3 percentage points from April’s estimate, but still an improvement from …

“Sell deficits, buy surpluses” was a winning strategy for emerging markets in 2013, but the new mantra for investing in developing economies may be “sell commodities, buy manufacturers”, says Citi. “It is unlikely that ‘deficits vs surpluses’ will always govern investor behavior towards emerging markets, especially now that this theme is becoming a little less …

As election fever pushes Indian equities to fresh record highs, economists warn that the market and electorate may have unrealistic expectations of front-runner Narendra Modi. The benchmark Sensex rose 2.4 percent to 23,551 Monday on optimism that Modi’s opposition Bharatiya Janata Party (BJP), seen as being more investor friendly than the incumbent Congress party, will win the …