Property Bubble News Today

Welcome to bbc news broadcasting to viewers in the uk and Around The World. We begin in cyprus, where a Spanish Charity ship carrying vital supplies is preparing to set sail for gaza, along a new maritime aid corridor. Its been loaded with around 200 tonnes of food and medical supplies. But, without a working port, its not clear yet where the ship will actually dock or how its cargo will be distributed inside gaza. 0ur middle east correspondent Quentin Somerville is in the Port City Of Larnaca i...

Welcome to bbc news broadcasting to viewers in the uk and Around The World. We begin in cyprus, where a Spanish Charity ship carrying vital supplies is preparing to set sailfor gaza along a new maritime aid corridor. Its been loaded with around 200 tonnes of food and medical supplies. But, without a working port, its not clear yet where the ship will actually dock or how its cargo will be distributed inside gaza. 0ur middle east correspondent Quentin Somerville is in the Port City Of Larnaca in ...

Chinese economy. Now, normally, this is a kind of rubber stamp session where pre approved decisions are cleared and made official. But that said, because its so organised and because we already know, or at least the government already knows, what its going to announce, then we can get an idea of what theyre thinking. And people are going to want to know what the plan is for the economy. Theres huge pressure on the real estate sector, local government debt, University Graduates are looking for go...

Economy now is important to anchor confidence. In doing that comes from projecting really clear, decisive policies to win the economy. 50 really clear, decisive policies to win the economy. So when it comes to to win the economy. So when it comes to confidence, to win the economy. So when it comes to confidence, we to win the economy. So when it comes to confidence, we are i comes to confidence, we are seeing china struggling with that. Do you see them introducing measures to boost spending beca...

like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the companys assets are onshore in mainland china, they are land, properties — the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainlan...

been chasing this property bubble, and in order to create this bubble, offering very very high returns and it works for quite a while because property prices were going up and everybody was sort of a win win for everybody. the everybody was sort of a win win for everybody-— for everybody. the property developers _ for everybody. the property developers could _ for everybody. the property developers could throw - for everybody. the property developers could throw up i developers could...

day of the temporary truce with hamas. whilst 39 palestinian women and children were released from israeli prisons. hamas and president biden have said they would like to see an extension of the current four—day truce but the israeli prime minister has maintained that his country will return to war. our senior international correspondent orla guerin has more. rejoicing in israel after the darkness of recent weeks. the latest group of hostages freed from gaza waved to supporters as th...

britains ecomomy is expected to have gone into reverse — shrinking by 0.1%. and if that continues for the rest of the year — two quarters of negative growth — that would constitute a recession. the bank of england has raised the cost of borrowing to a 15—year high, to try to rein in soaring prices, and thats weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost—o...

Business news live from singapore. 20 years since hong kongs hand over to china is its economy better or worse off . And it has been two decades since the Asian Financial crisis we look at the philippines and why it did better than its regional neighbours in riding out the turmoil. Good morning, asia. Hello, world. Thank you forjoining me for this friday edition of Asia Business report. Im rico hizon. As we told you on newsday this weekend marks 20 years since hong kong saw the end of British Co...

As cabin crew prepare to strike, just weeks after an it crash that stranded thousands. Are cost cuts taking their toll on the Airlines Image . Plus, from the Sick Man Of Asia to one of the regions Fastest Growing economies. We report from the philippines, 20 years on from the Asian Financial crisis. Welcome to World Business report. Im rachel horne. We start with more problems for british airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecede...