Grace Wu, head of Greater China bank ratings at Fitch Ratings, discusses what the property market crisis means for lenders in the world’s second-largest economy. Tens of thousands of people around the country are withholding payments on their mortgages for homes that developers, including China Evergrande Group, have yet to finish. Wu speaks with David Ingles on “Bloomberg […]
MADRID — Santander has dropped out of the process to buy Citigroup’s Mexican retail bank after having previously submitted a non-binding offer earlier this year. Read More
ISTANBUL/KYIV — Russia and Ukraine will sign a deal on Friday to reopen Ukraine’s Black Sea ports for grain exports, Turkey said, raising hopes that an international food crisis aggravated by Russia’s invasion can be eased. Read More
London is the top city in the world for global, remote workers, followed by Toronto and Buenos Aires. The UK is home to the most organisations hiring global, remote working in the EMEA region, followed by Germany and France, respectively. The first half of this year saw a 154 per cent increase in UK employers […]
UK’s FTSE 100 rose on Friday as oil and mining stocks on the blue-chip benchmark gained, while insurer Beazley jumped on the mid-cap index following a strong annual forecast. Read More
(Bloomberg) — The German government is in the final stage of a deal to bail out Uniper SE to prevent the collapse of a linchpin in the country’s energy network in the wake of Russia’s moves to slash gas supplies. Read More
PARIS — The French government took a step forward on a key re-election promise to boost household purchasing power amid soaring inflation as the National Assembly passed a bill on Friday lifting pensions and temporarily freezing rent hikes. Read More
An uptick in sales of food during the Jubilee weekend was offset by slower sales across the rest of the retail sector to see June retail volumes drop 0.1 per cent compared to previous month. The Jubilee weekend saw food shops sell 3.1 per cent more food last month than they did in May, as […]
Members of the panel investigating the Jan. 6, 2021 insurrection said former President Donald Trump ignored pleas from his advisers and took no action for hours to quell the violent mob storming the capital. The prime-time hearings drew on testimony from senior aides who were in the White House with Trump during the attack. Jodi […]
Lisa Osofsky’s position as Britain’s chief fraud fighter was spared after a critical report on prosecution failures called for an overhaul of processes at the Serious Fraud Office but not for her head. The analysis by Sir David Calvert-Smith — a former director of public prosecutions and a retired judge — found that there was […]