Abu Dhabi (CNN) – A stone's throw from the Abu Dhabi downtown waterfront, it is hard to miss major construction works. Hotel and apartment towers and road building are taking place right across from the Emirates Palace Hotel.
It does not look as if there's scope for recession here or heading east to Asia, where growth is expected to average more than 8% next year, according to the International Monetary Fund's latest forecast.
Sydney, Australia (CNN) – In the latest maneuver in the smartphone wars, Samsung is offering its latest Galaxy S II smartphone for a token $2 to the first 10 people in line each morning at a temporary store just steps away the Apple flagship store in Sydney.
Normally priced at $850, the deep discount attracted some young buyers to camp out three or four nights to snatch the phone. "We calculated that the amount of money we are saving ... makes it equivalent to being paid $15 an hour just to loaf around for four days,” one person waiting for a phone told CNN.
“Apple gives no discounts on the iPhone, so honestly I’m not sure why you would line up to pay full price for a phone that’s not as good as a Samsung,” said James Constantine, who bought a $2 phone after waiting outside for three days.
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