Category: Others

February 1, 2023

The property market’s slowdown continued into 2023 as house prices fell for the fifth month in a row, according to Nationwide’s latest house price index. House price growth slowed to 1.1% in January from 2.8% in December. Prices fell 0.6% […]

January 25, 2023

JD Wetherspoon’s chairman, Tim Martin, has long-complained about supermarkets’ treatment when it comes to the payment of Value Added Tax (VAT), saying it gives them an unfair advantage – particularly at a time when the hospitality sector is struggling to […]

January 20, 2023

U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in […]

January 9, 2023

Germany industrial production recovered at a faster than expected pace in November, official data revealed Monday. Industrial output grew 0.2 percent from October, when output was down by revised 0.4 percent, Destatis reported. Production was expected to gain 0.1 percent. […]

December 28, 2022

As this week’s flight cancellation wave led by Southwest Airlines drags on, other major carriers have announced they will institute price caps — particularly in cities where Southwest operates — to limit the financial burden on stranded flyers trying to […]

December 27, 2022

India’s housing market is defying the downdraft that has inflicted home sales and prices in the U.S. and most of the developed world. Affluent Indians who kept working during the pandemic but throttled back on spending are returning to the […]

December 22, 2022

Demand for new homes is down 50% over the last year, says Zoopla, as activity returns to pre-pandemic levels following two years of sustained growth. Zoopla’s house price index showed prices increased 7.2%, or £17,500, year-on-year, but quarterly growth has […]

December 16, 2022

Krispy Kreme Inc. is laying out a plan to cut debt, boost revenue and improve profitability, nearly a year and a half after its return to the public markets. Charlotte, N.C.-based Krispy Kreme—famous for its hot-light theater shops where customers […]

December 14, 2022

The Office for National Statistics (ONS) said falling motor fuel prices led the decline in the core consumer prices index (CPI) measure of inflation. But the CPI including housing costs rose by 5.4% in the 12 months to November 2022, […]

December 12, 2022

The average asking price of UK homes fell 2.1% over the last month according to Rightmove’s house price index – the biggest December dip in four years. According to the online property portal, the average asking price of properties on […]

December 7, 2022

Prices fell 2.3% from October to November this year, the biggest monthly drop since October 2008, the UK’s largest mortgage lender said. A typical UK property is now nearly £7,000 cheaper as the average cost of a house dipped from […]

December 7, 2022

Europe’s tech industry has lost more than $400 billion in value this year, according to venture capital firm Atomico. The combined value of all public and private European tech firms has fallen to $2.7 trillion from a peak of $3.1 […]

November 28, 2022

Zoopla said that discounts had been absent from the market during 2021 and the first half of this year but the tougher economy was now taking a toll on activity. Falling demand and sales meant that current sellers were having […]

November 8, 2022

Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company’s struggles with falling prices and waning demand for its products. The latest downturn comes after the shares fell almost 40% on Friday following Morgan Stanley analyst […]

November 7, 2022

House prices have recorded their biggest monthly fall in October, with the average property value lower by 0.4% – the third month-on-month drop in the past four months and the biggest drop since February, according to the latest Halifax House […]

October 27, 2022

The London-listed company reported taking in £29.2m in lettings revenue in the three months from July to September this year, an 18% increase on the £24.8m taken in over the same period last year. That increase came due to the […]

October 24, 2022

The survey of 650 manufacturers and 650 service providers showed that growth was lower than expected and was at a level not seen since the financial crash, if the months of the pandemic are excluded. Scores below 50 on the […]

August 24, 2022

Hollywood studio executives charged with projecting global box-office revenues are putting $0 in the China column. Baccarat tables in Macau sit empty. Singers skip Shanghai concert halls on tour. American entertainment and leisure industries are facing an unsettling reality: China’s […]

August 1, 2022

Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home prices are still higher than they were a year ago, but the gains slowed at the […]

July 29, 2022

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]