BEIJINGHONG KONG, July 16 Reuters After Beijing ordered Chinese cities to buy newlycompleted apartments and turn them into affordable housing, the first steps they took were to unveil plans to broaden eligibility for subsidies and fix other economic headaches in the process. Chinese leaders issued the directive in May, aiming to alleviate a protracted property crisis, which has […]

LONDON, Reuters Construction and engineering firms are bearing the brunt of Britain39;s shortage of workers, according to a survey that underscores the challenge for Prime Minister Keir Starmer to meet his plans to boost homebuilding and infrastructure. The British Chambers of Commerce39;s BCC quarterly recruitment survey showed 82 of construction and engineering businesses reported recruitment difficulties, […]

ZURICH, July 16 Reuters Luxury group and Cartierowner Richemont reported a 1 rise in sales at constant exchange rates in the three months through June, though they were down 1 at current exchange rates, the company said on Tuesday. At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1 to 5.3 […]

BERLIN, July 16 Reuters German bank regulator BaFin has found that Deutsche Bank had incorrectly disclosed deferred tax assets in its 2019 consolidated financial statement, it said on Tuesday. The bank did not disclose deferred tax assets of 2.076 billion euros 2.26 billion for its U.S. business separately in the notes to the financial statement, although […]