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Milan’s Via MonteNapoleone overtakes Fifth Avenue as world’s most expensive retail destination

A commercial real estate company has selected Via MonteNapoleone in Milan as the world’s most expensive retail destination, surpassing the prestigious Fifth Avenue in New York. Shoppers, laden with bags from Fendi, Loewe, Prada, and other designer brands, crowd the narrow sidewalks of Milan’s most fashionable shopping street, bringing joy to high-end luxury goods sellers this holiday season—and beyond.

This year, there is even more reason to celebrate: a commercial real estate company has crowned Via MonteNapoleone as the world’s most expensive retail destination, pushing Fifth Avenue in New York down the rankings.

The latest edition of the annual global index from U.S. firm Cushman & Wakefield, which ranks shopping areas based on the rental prices they command, highlights Via MonteNapoleone’s desirability as a prime address for luxury ready-to-wear brands, jewelry, and even patisseries.

The average rent on Milan’s street has surged to 20,000 euros ($21,016) per square meter, compared to 19,537 euros ($20,529) per square meter for an 11-block stretch of upper Fifth Avenue.

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International

Habeas Corpus at risk as Trump team eyes drastic border policy shift

The White House is reportedly considering suspending habeas corpus, the legal principle that protects individuals against arbitrary detention, as part of its efforts to escalate anti-immigration measures in the United States.

In remarks to reporters, Stephen Miller, a senior advisor to President Donald Trump, argued that the U.S. Constitution allows the suspension of habeas corpus “in times of invasion.”

“It’s an option we are actively considering, and it all depends on whether the courts do the right thing or not,” Miller stated.

The Trump administration has frequently invoked the notion of a “migrant invasion” to justify actions such as the militarization of the U.S.-Mexico border and the deportation of foreign nationals—primarily Venezuelans—to El Salvador’s CECOT megaprison.

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International

Maduro to Xi: Venezuela is a loyal friend to China

Venezuelan President Nicolás Maduro assured his Chinese counterpart Xi Jinping, during a meeting held in Moscow on the sidelines of the 80th anniversary of the Red Army’s victory in World War II, that China has “loyal friends” in the Caribbean nation.

“You know that in the Bolivarian Republic of Venezuela you have loyal friends and people willing to continue working for a new world,” said the South American leader, according to footage aired Friday by Venezuelan state broadcaster VTV.

Maduro, accompanied by several of his ministers including Defense Minister Vladimir Padrino López, highlighted the “great results” of a 2023 agreement between China and Venezuela called the “All-Weather and All-Round Strategic Partnership.”

“I believe we can multiply the great results we’re already seeing, and I’m sure that strong and clear guidelines will emerge from this meeting to keep moving forward together,” Maduro added.

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International

Iberojet reaffirms commitment to Honduras as Central American Hub

Spanish airline Iberojet and Palmerola International Airport, located in central Honduras, signed a three-year renewal of their exclusive agreement to operate direct flights between the Honduran terminal and the cities of Madrid and Barcelona.

With this renewal, Iberojet—part of the Spanish tourism group Ávoris Corporación Empresarial—reaffirms its commitment to Honduras as its main gateway to Central America from Europe.

The agreement was signed by Iberojet’s Commercial Director, Mario Domínguez, and Erick Spears, Chairman of the Board of Directors at Palmerola.

The signing ceremony took place at the residence of the Spanish Ambassador to Honduras, Diego Nuño García, who served as an honorary witness.

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