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The squeeze on finances for thousands of British homeowners is set to intensify after a key rate on mortgage borrowing costs climbed to its highest level in almost 14 years.
As the child of Cuban parents growing up in the 1950s, Jorge Perez found refuge from the island’s political upheaval in Bogota. Decades later, as a billionaire developer, Perez is courting Colombians who fear their own country’s leftist shift.
Emerson Electric Co. is in talks with Blackstone Inc. to sell at least part of its commercial and residential solutions business, according to people familiar with the matter.
US mortgage rates jumped to a 16-year high of 6.75%, marking the seventh-straight weekly increase and spurring the worst slump in home loan applications since the depths of the pandemic.
About a quarter of doctors working at hospitals in Slovakia threatened to resign if their demands for higher wages and more funding aren’t met, posing a risk to the European Union member state’s health system.
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