Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Nov 1, 2022
The Canadian Press
The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of transactions in October fell 15 per cent from the year before.
The Alberta board says October sales totalled 1,857, while year-to-date sales reached 26,823, a 13 per cent increase from this time last year.
The board's chief economist says the numbers indicate conditions are tight, but not as tight as earlier in the year and not on par with other major Canadian cities, where there has been a significant pullback in demand.
Ann-Marie Lurie suspects Calgary is different because its employment growth, positive migration flows and the strong commodity market are helping offset some of the impacts of inflation.
The Calgary board found new listings in October totalled 2,175, a 13 per cent drop from the same time last year.
The benchmark price for the month was $523,900, up almost 10 per cent from a year earlier, while the average price of a home sold in October edged up five per cent to $509,576 compared with October last year.