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Faster, bigger, pricier: five business records in 2019

Agence France-Presse . Paris | Published: 23:19, Dec 28,2019

 
 

The wildest auction prices, the largest fines slapped, the longest flight and the biggest sale… here is a look back at the five new business records in 2019:

Facebook fine: Facebook was in July slapped with the largest ever fine — $5 billion — imposed on any company for violating consumers’ privacy.

Announcing the penalty, the Federal Trade Commission said that it was also one of the largest ever issued by the US government for any violation.

Monster sale: Chinese consumers spent a record $38.3 billion on Alibaba platforms in the annual 24-hour ‘Singles’ Day’ buying spree in November.

It was a jump of 26 per cent from the previous record high a year earlier, the e-commerce giant said.

Art auction highs: Amid furious Brexit wrangling, Banksy’s ‘Devolved Parliament’ painting depicting lawmakers as chimps was sold at auction in October for 11.1 million euros, a record for the British artist.

A new auction record for a work by a living artist was set in May when Jeff Koons’ stainless steel ‘Rabbit’ fetched $91.1 million.

Longest flight: Qantas completed the longest non-stop passenger flight in October, taking 19 hours and 16 minutes to test a direct route from New York to Sydney.

Just 49 people travelled on the Boeing 787-9 to minimise the weight on board and give the plane sufficient fuel range to travel more than 16,000 kilometres (9,500 miles).

Million-dollar parking: A parking space in Hong Kong’s The Centre skyscraper sold in October for a whopping HK$7.6 million (more than $9,70,000, 8,82,000 euros), about the price of a one-bedroom apartment in London’s plush Chelsea.

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