Israel's Ban on Palestinian Workers Is Hurting Both Economies
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Oct 18, 2021
Bloomberg News
,(Bloomberg) -- The cost of renting in London’s wealthiest districts is soaring at the fastest pace in a decade as tenants seeking to return to the capital in style find there’s a vastly smaller stock of homes to choose from.
Rents in the priciest neighborhoods jumped by an annual 11.7% in September and have now returned to pre-pandemic levels, according to a LonRes report out Monday. A chronic shortage of available homes -- with supply 68% lower than a year earlier -- has pushed prices up so quickly that landlords have wiped out the losses they endured during the pandemic.
“Those looking to renew a rental agreement or searching for a new property to rent may be in for a shock,” said Marcus Dixon, head of research at LonRes. “Tenants renewing, properties returning to short-term let platforms and landlords having sold up are all contributing to a stock shortage.”
International students and workers relocating to London are doing battle for available homes, with some firms renting serviced apartments for their staff at a 50% premium or sending them further from the city center, according to a separate Knight Frank report also out Monday.
Some students are even happy to agree a tenancy based on one video call, the agent says.
“Companies are often left feeling frustrated because they are a step behind students, who are able to take tenancies much more quickly,” said John Humphris, head of relocation and corporate services at Knight Frank. “The situation has become more acute.”
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