Inflationary pressures in the UK are set to ease again this week, though not as quickly as investors are hoping as they bet on a swift round of interest-rate cuts.
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Swedish Landlords Ease Crunch Fears With Flurry of Bond DealsSwedish landlords are issuing bond deals to raise funds for new construction projects and alleviate the shortage of affordable housing in the country.
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Inflation and Longer Sales Season Impact Black Friday Shopping HabitsInflation and the longer sales season are impacting shopping habits this Black Friday. The influx of seniors who choose to stay in their family homes is leading to increased borrowing costs. A hedge fund's bet against Canada's housing market has resulted in significant losses. Nordic property transaction volumes have reached their lowest point in a decade. Economists predict a turning point in the housing market this year due to potential interest rate cuts. PIF and GIC are among the funds that have purchased Signa's equity-like securities. Xinyuan's US unit has filed for Chapter 11 bankruptcy. The Singapore government states that home prices will not continue to rise. Trump is considering making the 2017 personal tax cuts permanent. New York is seeking $370 million from Trump in a civil fraud trial. The chair of NatWest faces backlash for stating that buying a home is not difficult. The Cathay Pacific union is calling for a government inquiry into the pilot shortage. Australian retail sales have jumped in November due to Black Friday offers. Merck is in advanced talks to acquire cancer drugmaker Harpoon Therapeutics. Tokyo's inflation rate has slowed as consumers become more thrifty. Eversource will take a $1 million charge related to the Merrimack Valley gas explosions.
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Tim Hortons' dutchie doughnut set to return to menuThe dutchie doughnut, a sweet treat with raisins, is set to make a comeback on Tim Hortons' menu after being taken off in the early 2000s. The return of the dutchie is part of the company's plans to celebrate its 60th anniversary and offer new and old favorites to customers.
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Heavyweight Titleholder Jones Yet to Set Return Date from InjuryThe heavyweight titleholder and pound-for-pound ace has not yet established a firm target date for his return from a torn pectoral muscle suffered while training in October.
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This man creates app to help newcomers in Canada with financial barriersNigerian-born Kingsley Madu found it exceptionally difficult to get set up financially after he moved to Canada in 2019. It was the motivation for him to develop a banking app to help ease some of the financial barriers faced by newcomers.
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