TORONTO — Home prices in the Greater Toronto Area (GTA) fell for the fifth straight month in July, as rapidly rising interest rates further doused the city’s once-red-hot housing market, data from the Toronto Regional Real Estate Board (TRREB) showed on Thursday. Read More
Wayne Gordon, executive director for commodities and FX at UBS Global Wealth Management, discusses central bank policies, his calls on currencies and his outlook for the oil market. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business […]
China’s military has begun three days of live-fire military drills around Taiwan in response to US House Speaker Nancy Pelosi’s visit. Jenni Marsh reports on Bloomberg Television.
Travel to Europe was given a boost yesterday as the European Union quietly delayed its plans to tighten entry rules. Brussels had been preparing to roll out a new European Travel Information and Authorisation System (ETIAS) from May 2023, but this has now been delayed until November. However, the long-awaited Entry/Exit System (EES), which will […]
Electricite de France SA said it’s likely to extend cuts to nuclear generation as river temperatures are driven higher by scorching weather. Rachel Morison reports on Bloomberg Television
Farmers are painting the horns of their sheep to thwart thieves as a report finds that rural crime has risen by 40 per cent in a year. The cost of living crisis may be contributing to an increase in rustling, a report by the National Farmers’ Union (NFU) found amid fears that meat is being […]
The Bank of England is expected to push through the biggest interest rate increase in 27 years on Thursday. Lizzy Burden has a preview on Bloomberg Television.
The problematic transition to electrification amid continuing pandemic- related supply chain disruption has seen deliveries at Mini, the carmaker that produces the majority of its vehicles at the Cowley plant in Oxford, drop by more than a fifth. The news came as its parent company, the German giant BMW, warned of a deteriorating outlook for […]
Poundland, the discount retailer, is cutting the price of 1,000 products and opening 25 more stores as inflation hits household finances. The store plans include new outlets on high streets, retail parks and the latest in the pilot of the Poundland “local neighbourhood stores”. Up to 15 additional new shops and relocations are in the […]
More than one in ten adults have stopped contributing to their company pension or are planning to stop because their incomes have been squeezed by the cost of living crisis. About 5 per cent of adults have ended contributions into their pension pots to save money as inflation hits a 40- year high of 9.4 […]