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India’s Finance Minister says easy exits and excess liquidity fuel equity market's underperformance
Source: CNBC
Original reporting
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BBC Business2 outlets
China's growth accelerates as AI export boom outweighs domestic weakness
Exports have helped offset weak spending at home, but trade tensions and AI doubts cloud its outlook.
The Guardian
The housing crisis is now global. It shows just how undemocratic our nations have become | Leilani Farha
When we can’t even afford to rent or buy somewhere to live, we have to ask: did we give the financial sector too much power? Leilani Farha is the former UN special rapporteur on adequate housing In the summer of 2021, I visited a homeless community in a park in Toronto, Canada, and spoke to one of the residents. He was living in a tent in the shadow of brand new skyscrapers, and had been homeless for about five years. At one point he swivelled around, pointed up at a crane on the skyline, and said: “Who are they building those for? Definitely not for me.” He was right. And he captured something experienced by ordinary people around the world: the growing conviction that the housing system is no longer tethered to their needs. What he was pointing at is not just a housing crisis. It is a crisis of democracy. Leilani Farha is the 2026 CBC Massey lecturer. This piece is based on her new boo
The Guardian
Revealed: African island fights offshore gambling network linked to UK family
London-based property investors deny selling licences to casinos claiming to be based on Anjouan, a tiny Indian Ocean island The island of Anjouan, rising out of the Indian Ocean between Mozambique and Madagascar, is a corner of the Earth that few people have heard of, let alone laid eyes on. Known as Nzwani in the local language, this tiny volcanic island – one of a collection that make up the Union of Comoros – counts ylang-ylang oil and vanilla among its chief exports. Continue reading...
The Guardian2 outlets
Profit warnings from UK-listed firms at highest level in two years as Iran war drives up costs
Consultancy says companies quoted on London stock market issued 65 in three months to end of September The number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget. With less than a fortnight before John Healey’s tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September. Continue reading...
CNBC
China's third-quarter economic growth quickens to 4.5% as exports surge, beating estimates
China's economic growth accelerated in the third quarter, as foreign demand for the country's technological goods largely offset sluggish consumer demand.
The Guardian
‘No influencers’: the hotels, restaurants and beauty spots restricting photoshoots
Backlash against content creators includes restricted hours for filming and even outright bans Stand in any vaguely photogenic spot these days on holiday and the chances are you will come across people posing with raised phones and even ring lights. Some may be influencers with huge audiences on social media, others just overkeen Instagram users. With hotels and beauty spots now so overrun, however, bans on photography are coming into place. The five-star Hotel du Cap-Eden-Roc in Antibes, known for its glamorous clientele, views of the Côte d’Azur and a stunning infinity pool, has brought in rules against photoshoots: no longer allowed without prior permission. Continue reading...