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John Legend Makes a Profit on NYC Condo Sale

The “Tonight” singer, John Legend has sold his East Village, New York condo for a good $2.6 million. Legend had purchased the home for around $1.9 million back in 2009 and has now sold the crib raking in a profit of $775,000.

BBA Says UK Mortgage Approvals hit Record Lows in January

U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings.

New Regulation to Hit Number of Franchisee Stores in Indonesia

The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country.