Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists

Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists By Reuters – Canada Boosts

4/4 © Reuters. A girl walks inside Harvey Nichols, a London-headquartered multi-brand luxurious retailer, at Landmark, the upscale shopping center, in Hong Kong, China November 30, 2023. REUTERS/Tyrone Siu 2/4 By Farah Grasp HONG KONG (Reuters) – Hong Kong’s luxurious retailers are adapting to fewer rich Chinese language customers visiting the town and a shift…

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Business travel emissions drop as many firms fly less -survey

Business travel emissions drop as many firms fly less -survey By Reuters – Canada Boosts

© Reuters. FILE PHOTO: Members of the general public wait within the arrivals corridor at Terminal 5 of Heathrow Airport in London, Britain, December 5, 2023. REUTERS/Alishia Abodunde/File Picture By Joanna Plucinska LONDON (Reuters) – Virtually half of 217 international companies reduce their enterprise journey carbon emissions by at the least 50% between 2019 and…

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The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands

The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands – Canada Boosts

After battling decades-high mortgage charges and a seven-month streak of rising home prices, potential homebuyers are lastly getting some welcome information. And it’s serving to to kickstart what had, till lately, been moribund house gross sales.  The typical 30-year fastened mortgage price has tumbled to six.64% after peaking at 8% simply two months in the…

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Mortgage rates could drop below 5%, if inflation keeps falling as fast as it has been, says Mortgage News Daily exec

Mortgage rates could drop below 5%, if inflation keeps falling as fast as it has been, says Mortgage News Daily exec – Canada Boosts

Mortgage charges fell to six.62% yesterday, the bottom studying since Could, following the Federal Reserve’s transfer to leave interest rates unchanged in December and rosy prediction of three price cuts subsequent yr.  The typical price for the 30-year mounted mortgage, the most well-liked within the nation, fell practically 20 foundation factors from Wednesday’s 6.82% price…

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Japan's central bank to sit tight on policy, may drop hints on pivot

Japan’s central bank to sit tight on policy, may drop hints on pivot By Reuters – Canada Boosts

© Reuters. Japanese nationwide flag is hoisted atop the headquarters of Financial institution of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photograph By Leika Kihara TOKYO (Reuters) – Japan’s central financial institution is more likely to finish the yr as one of many world’s most dovish, as policymakers search for clues on whether…

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Homeowners, get ready to date the rate. Refinancing is making its comeback as mortgage rates drop to 7%

Homeowners, get ready to date the rate. Refinancing is making its comeback as mortgage rates drop to 7% – Canada Boosts

Marry the home, date the speed. That actual property recommendation is getting simpler to observe now that mortgage charges have began to drop from a decades-long peak and householders can refinance to get decrease month-to-month funds.  Applications to refinance home loans increased 19% final week from the earlier week—or 27% year-over-year—after mortgage charges dropped to…

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School children suffer 'unprecedented drop' during pandemic, global study finds

School children suffer ‘unprecedented drop’ during pandemic, global study finds – Canada Boosts

College students around the globe suffered historic setbacks in studying and math throughout the COVID-19 pandemic, with declines in check scores so widespread that the USA climbed in international rankings just by falling behind much less sharply, a brand new examine finds. The state of worldwide schooling was given a bleak appraisal within the Program for Worldwide…

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ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop

ECB hawk Schnabel scraps more rate hikes after ‘remarkable’ inflation drop By Reuters – Canada Boosts

© Reuters. FILE PHOTO: European Central Financial institution board member Isabel Schnabel attends a dinner program at Grand Teton Nationwide Park the place monetary leaders from world wide are gathering for the Jackson Gap Financial Symposium exterior Jackson, Wyoming, U.S., August FRANKFURT (Reuters) – The European Central Financial institution can take additional rate of interest…

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AT&T chooses Ericsson for new US telecom network, will drop Nokia

AT&T chooses Ericsson for new US telecom network, will drop Nokia By Reuters – Canada Boosts

© Reuters. The AT&T brand is seen on a retailer in Golden, Colorado United States July 25, 2017. REUTERS/Rick Wilking/File Picture By Supantha Mukherjee STOCKHOLM (Reuters) -AT&T stated on Monday it selected Ericsson (BS:) to construct a telecom community that makes use of solely so-called ORAN expertise and which is able to cowl 70% of…

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Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says – Canada Boosts

Consumers have been going through the painful one-two punch of excessive mortgage charges and rising house costs all yr. Mortgage rates hit a two-decades high at 8% in late October, and have dropped solely barely. Nonetheless, mortgage charges slipped to a two-month low final week to 7.29%, considerably of a welcome signal for consumers and…

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