Economists warn that Germany’s housing market is poised for a serious price correction

The German housing market has been remarkably strong in the past two decades, but it faces a serious price correction in the next two years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but faces a serious price correction in the next … Read more

China Covid Relaxation, Hong Kong Stocks Rise

Indonesia’s GoTo has lost nearly 70% of its value since it went public in April Indonesia GoTo group – The combined entity of passenger transportation giant Gojek and e-commerce marketplace Tokopedia lost 68.5% of its stake Initial value 400 trillion rupees ($28 billion) Since its initial public offering in April. On Thursday, pre-IPO shareholders such … Read more

Carl Pei’s Nothing plans to launch a smartphone in the US to take on the iPhone

Phone None (1). nothing UK-based consumer technology company Nothing sets its sights on the US, with ambitions to go further An apple Iphone. Pei told CNBC that the startup, the hardware venture of Carl Pei — co-founder of Chinese cellphone maker OnePlus — is in early talks with US carriers about launching a new smartphone … Read more

Car parking has become as important as cars in climate change efforts

Vcg | China Optical Group | Getty Images It’s not just cars that will go through the energy transition in the coming years. Parking lots where electric vehicles are recharged are a growing focus of construction efforts linked to climate change and carbon abatement. A law approved in France last month requires that car parks … Read more

The acquisition of Activision would be beneficial for Microsoft and the stock market in general

Microsoft’s (MSFT) nearly $69 billion cash bid for video game giant Activision Blizzard (ATVI) has come under intense scrutiny since it was first announced in January. But at least one Wall Street research firm says the deal is very likely to be completed in the near future. We tend to agree. While the club that … Read more

South Korea inflation, US jobs report, COVID-19 in China

Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, … Read more

India to jump into the third largest economy by 2030

A beautiful and colorful aerial view of the Mumbai skyline during twilight seen from Currie Road, on February 16, 2022 in Mumbai, India. Prateek Chorgi | Hindustan Times | Getty Images India is set to overtake Japan and Germany to become the third largest economy in the world, according to the Standard & Poor’s Worldwide … Read more

Federal Reserve Chairman Jerome Powell says smaller rate hikes could come in December

Federal Reserve Chairman Jerome Powell confirmed on Wednesday that smaller rate hikes are likely in the future even as he sees progress in fighting inflation as grossly insufficient. Echoing recent comments from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in a position to reduce … Read more

factory activity in China at the lowest reading since April; Asian markets are mixed

Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the … Read more

Hong Kong shares traded nearly 4% higher as China’s Covid briefing takes place

Pinpoint Asset Management expects a positive message to be delivered in the China Covid briefing China’s State Council is expected to send a positive message at the upcoming Covid press conference, but the announcement will not include a “milestone,” said Pinpoint Asset Management president Zhiwei Zhang. “I think the message will actually be positive… there … Read more