Vacation homes for sale in the German town of Prora, on the Baltic island of Ruegen, feature private saunas and sea views at a steep discount to similar properties nearby. The catch? They’re part of a dilapidated complex of identical, unadorned blocks built by Adolf Hitler to house 20,000 workers on Nazi party-sponsored vacations.
Sub-Saharan African nations outside South Africa are selling $7 billion of debt this year, more than in the past five years combined, as yields more than double those of Treasuries lure investors repelled in the past by violence and corruption.
Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
Etihad Airways PJSC, the third- biggest Gulf airline, added Serbian national carrier JAT Airways as its latest code-share partner and said the accord should prove a first step toward a more comprehensive tieup.