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.
Mar 17, 2023
BNN Bloomberg
,Canadian housing prices went down in February for the tenth consecutive month but the decline was smaller than in January, according to the Teranet-National BankTM Composite House Price Index.
The report published Friday said home prices declined 0.3 per cent from January to February, a smaller drop than the 1.1 per cent decrease from a month earlier.
Toronto and Calgary saw the biggest contractions, down 2.7 per cent and 2.4 per cent, respectively, followed by Halifax, which was down at 1.8 per cent. Edmonton, Hamilton, Montreal and Ottawa-Gatineau also saw declining prices.
Meanwhile, Vancouver housing prices increased 3.8 per cent in February, as did Victoria with a 1.9 per cent increase and Quebec City at 0.1 per cent. Prices in Winnipeg remained stable.
The index, which tracks 11 cities, declined 4.7 per cent from February 2022 to February 2023, marking the second consecutive month with a negative annual index change.