Real Estate Crisis Is at the Heart of China’s Economic Troubles
In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.
In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.
The travel industry is recovering from the pandemic, but messily. These apps and tips can help us navigate the chaos and maximize our comfort.
The retailer’s second-quarter profit fell 90 percent from the year before, far below what Wall Street analysts were expecting.
Cutting back on meat. Choosing cheaper supermarket brands. Stockpiling soap. Soaring prices force more sacrifices.
The surge in prices is expected to peak in the autumn, when household energy bills are likely to sharply increase.
Uniper, Germany’s largest importer of natural gas, has had to pay high prices for gas on the open market to make up for the drop in Russian deliveries.
The bill is the latest victory for the president on overhauling the physical economy, but he has found less support for plans to help workers.
Profit at the nation’s largest retailer fell as inflation raised costs and altered shopping habits, but the company issued a slightly improved outlook for the rest of the year.
Building owners are trying to figure out how to pay for upgrades needed to comply with city regulations intended to fight climate change.
Democrats hope the tax will encourage companies to spend more on workers and operations, but strategists think it’s unlikely to deter corporations from repurchasing their stock.