China Property Slowdown Deepens as Evergrande Hurts Outlook

(Bloomberg) — China’s residential property slowdown deepened final month, signaling that regulatory tightening and an escalating disaster on the nation’s most indebted developer are hurting purchaser sentiment. House gross sales by worth slumped 20% in August from a 12 months earlier, the most important drop because the onset of the coronavirus shut swathes of the … Read more

Vitality Crunch Deepens as U.S. Warns Europe Isn’t Doing Sufficient

(Bloomberg) — Europe’s vitality crunch is deepening, with fuel and energy costs hitting contemporary data after the U.S. warned the continent isn’t doing sufficient to arrange for what could possibly be probably a dire winter. With a few month to go earlier than the beginning of the heating season, Europe doesn’t have sufficient pure fuel … Read more