Posted on

Thailand’s King Bhumibol Adulyadej dies at 88

King Bhumibol reigned for seven decades after ascending the throne in 1946. His loss will be deeply mourned in Thailand, where he was regarded as a pillar of stability during decades of political upheaval and rapid development – Reuters

 

One-year mourning period set – Bangkok Post

 

His Majesty King Bhumibol Adulyadej passed away at Siriraj Hospital at 3.52pm on Thursday, the Royal Household Bureau announced.

His Majesty passed away peacefully at Chalermphrakiet Building of Siriraj Hospital in Bangkok it was announced in a national broadcast.

All royal family members were in attendance at the time.

His Majesty was 88 and would have turned 89 on Dec 5 this year.

The ninth King of the Chakri Dynasty ascended to the throne on June 9, 1946 and was the world’s longest-reigning monarch. People across the country celebrated the 70th year of his accession to the throne this year.

Well-wishers in pink and yellow had been flocking to the hospital to pray for him since the RHB announced on Sunday night that the King’s condition was “unstable”.

The bureau said in another statement on Monday that His Majesty’s general condition was still not stabilised and royal doctors were giving him medication.

An even larger crowd began gathering at Siriraj Hospital on Tuesday, and rapidly grew over the next two days.

The crowd gave alms to monks and prayed continuously for the King’s good health. Government offices throughout the nation opened their doors for similar activities on Thursday, and people in all provinces began streaming in to pray and sign their names and best wishes for His Majesty’s recovery.

 

Sources:

Bangkok Post HM the King passes away

BBC Thailand’s King Bhumibol Adulyadej dies at 88

CNN Thai King Bhumibol Adulyadej dies at 88

CNBC Thai King Bhumibol, world’s longest-reigning monarch, dies: Palace

Reuters Thai King Bhumibol, world’s longest-reigning monarch, dies: palace

 

Posted on

Flagship Boots store on Oxford Street snapped up by Norway’s sovereign wealth fund looking for bargains after Brexit vote

A flagship Boots store on Oxford Street in central London has been snapped up by Norway’s sovereign wealth fund as it hunted for bargains after the Brexit vote.

The four-storey shop was sold by Aberdeen Asset Management in July, just five days after coming to market. Aberdeen was forced to act as panicking investors tried to take their money out of its property fund after the Brexit vote.

Along with several other investment groups, it temporarily blocked withdrawals to buy time to raise extra cash.

Buyer Norges Bank Real Estate Management said the £124m deal was one of the fastest it had ever completed, and boasted that it had secured a ‘significant discount’.

The deal is likely to be seen as a sign of confidence in Britain after pro-EU campaigners warned that the commercial property market would crash following the referendum.

source: http://www.thisismoney.co.uk/money/markets/article-3795390/Flagship-Boots-store-Oxford-Street-snapped-Norway-s-sovereign-wealth-fund-looking-bargains-Brexit-vote.html