His parents only realised what was going on when the bank called them to let them know about the charges.
The most encouraging news may be that 88% of the 4,000 executives in a new survey by staffing firm Robert Half International expect business to pick up in the coming 12 months.
Rents at the top end of the market have fallen 6.4 per cent, more sharply than in any other city except Nairobi, according to Knight Frank, the property company. Last year, just after prices fell in September, Adidas, the sportswear group, leased a 13,000 square foot shop in the city for 22 per cent less than its former occupier, Coach, the accessories brand.