Bahrain is to host the headquarters for Saudi billionaire Prince Alwaleed bin Talal’s new international Arabic news network, despite months of unrest.

THINGS are on the up for US billionaires with more than half of them adding to their net worth in a year which once again saw Bill Gates as the richest of them all, Forbes magazine said.

RETAIL sales in the dozen nations sharing the euro fell for a fifth month in six in January, the Bloomberg purchasing managers index showed yesterday, dimming the outlook for a recovery in consumer spending.