The council has given the go-ahead for the former Vauxhall car plant site to be turned into a mixed-use development featuring apartments, a hotel, medical centre, park, retail and leisure complex – as well as Luton's tallest building. The site is adjacent to Park First’s Luton car park, which serves London Luton Airport under the Swift Park brand. The Napier Gateway development – scheduled for completion in 2020 - is the brainchild of J2 Global, who are gearing up to start work on the 24.5 hectare site. J2 Global’s managing director, Javed Hussain, said, "After years of planning we couldn’t be happier to get the go-ahead to deliver this iconic project. Located on the former Vauxhall site on the edge of the town centre, just across the road from Luton Airport Parkway station, it couldn’t be better placed for those that will live, work and visit here. "Napier Gateway will help transform the town into an out-of-London hotspot, with a mixture of private sale and affordable homes, as well as modern buildings and facilities to attract new businesses, which in turn will bring hundreds of new jobs to the area." A spokesperson for Park First said: "Park First has long been an advocate of the immense development potential of our Luton car park and its neighbouring site. The addition of high rise office, retail and residential developments on our site is firmly on our future radar. "The news that Napier Gateway has received the green light is simply fantastic for the area and it brings a large increase in value to our own site." Luton Airport itself is in the midst of a £110 million investment programme to upgrade the airport and its facilities. Other developments in the city include the creation of an enterprise zone, football and concert stadium and improved public transport links.
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Hillary Clinton backer Warren Buffett told CNBC on the eve of Donald Trump 's inauguration that the billionaire real estate mogul has the "most important job in the world."
"America works," the chairman and CEO of Berkshire Hathaway (BRK-A) said. "I've said this before. It'll work wonderfully under Hillary Clinton, and I think it'll work fine under Donald Trump." At a red carpet event Thursday night in New York for a new HBO documentary about his life, Buffett told CNBC the United States has the "secret sauce." "It doesn't work all the time perfectly," the billionaire investor and philanthropist said, "but you just look at where we go, milestone after milestone. Never bet against America." With that mantra as a guiding principle, Buffett said, "we're almost always a buyer of stocks over time." Reiterating his call to invest for the long haul, Buffett acknowledged that he doesn't know where the stock market will go in the next "10 days or a year or two years."
But one thing he said he does know: "It's going to be higher 10 years, 20 years from now."
"There will be hiccups from time to time in the economy," he cautioned. "[But] we'll do well over time." The HBO documentary "Becoming Warren Buffett," premieres on Jan. 30. It tells the story of the Oracle of Omaha's rise to become one of the most revered businessman in the world. Buffett told CNBC: "This is a story about my dad and my first wife, and also about my second wife, who all really put me together, saved me. So I think people will see a different side of me than they've seen before." Alibaba payments arm aims for 2 billion users in 10 years, says blockchain coming to Alipay1/20/2017
Ant Financial aims for 2 billion users in a decade
Alibaba's payment affiliate Ant Financial is aiming to have 2 billion customers in 10 years, the chief executive of the $60 billion firm told CNBC, adding that the Chinese giant is exploring further uses of blockchain technology. Ant Financial runs the Alipay mobile wallet in China which has over 450 million users. But Eric Jing, the CEO of Ant Financial, said the aim is to more than quadruple that over the next decade. "We have an ambition to be a global company," Jing told CNBC at the World Economic Forum in Davos. "So my vision (is) that we want to serve 2 billion people in the next 10 years by using technology, by working together with partners … to serve those underserved."
Blockchain coming to Alipay
Ant Financial also offers other financial services including micro finance. Jing talked up the potential of artificial intelligence and blockchain – a distributed ledger system that experts have said could make many financial processes cheaper and quicker.
When asked by CNBC if Ant Financial is looking into blockchain technologies to underpin Alipay, Jing said "definitely".
"All these technologies will be used … to bring more, a high level of security," Jing explained, adding that artificial intelligence and blockchain will be "deeply" integrated into Ant Financial's operations. Ant Financial has already introduced blockchain technology into a charitable donation service that it owns, with the aim of allowing users to track the money they send in a more charitable way.
Last year, Ant Financial raised a record-breaking $4.5 billion at a valuation of $60 billion, according to a source with knowledge of the matter. The company has been gearing up for an initial public offering (IPO) but has yet to set a timeline for the listing.
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