UK Economic Cracks Meet China Property Crisis in London Housing
On a site in a deprived part of east London, the cracks in the UK economy are meeting the crisis at distressed developer Country Garden Holdings Co.
Bloomberg Business
UK to Probe Discrimination Concerns in Private Rented Properties
Britain’s top antitrust enforcer will probe discrimination by private landlords after an initial investigation found some are unlawfully excluding tenants with low incomes, children or disabilities.
Russia’s Fuel Exports Head for 15-Month Low Amid Local Demand
Russia’s refined fuel exports are on course to slump to a 15-month low, amid strong domestic demand for road fuels and as some products exceeded Group of Seven price caps.
Two 20-Year-Olds Beat Grim Market to Mint India’s Newest Unicorn
Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.
UK Bonds Poised for Winning Week as Traders Trim BOE Hike Bets
The UK was the main beneficiary of a repricing in global bond markets that followed dismal business activity data in the world’s major economies.
AI Won’t Save Tech Stocks From Trouble, BofA’s Hartnett Says
Technology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.
China Stimulus Rally Lasts Just 10 Minutes, Showing Trader Gloom
A short-lived rally in Chinese stocks after Beijing’s latest attempt to shore up growth is underscoring the depth of investor pessimism toward the world’s second-largest economy.
Adani Group Touts Improved Cash Reserves to Service Debts
The Adani Group said cash and profit generated from its sprawling infrastructure business can cover all the debt maturing each year in the coming decade, messaging that’s part of the Indian conglomerate’s latest effort to shore up investor confidence months after a damaging short seller attack.
Washington’s Top Middle Eastern Allies Move Closer to China
Some of the US’s top Middle Eastern allies — including the world’s biggest oil exporter — are moving closer into the orbit of China and Russia, further complicating geopolitics upended by Russia’s invasion of Ukraine.
Heat in Southern Europe Set to Give Way to Cooler Temperatures
Parts of southern Europe will get a final few days of hotter-than-normal temperatures before a broad pattern of colder weather is poised to sweep in over the continent and the UK.