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Lisbon housing crisis: Foreigners price local tenants out of the market
Many Portuguese are suffering due to the growing cost of living crisis. Making matters worse in Lisbon, remote workers moving to the city have begun to price natives out of the housing market. Foreign demand has pushed prices for property and services to record highs, and that causing enormous resentment, in particular towards landlords and developers. Al Jazeera’s Sonia Gallego reports from Lisbon, Portugal. Subscribe…
Boom, bust and borrow: Has China’s housing market tanked?
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube For more on the Evergrande crisis: https://inks.tn/8e5d7a China’s property sector has been a key driver of the country’s economic growth since the 1990s. During the high-growth period, the sector brought in huge revenues and employment that contributed to 30 per cent of China’s GDP. But between 2020 and 2022, China’s housing market suddenly experienced an unprecedented…
Massive fire rages through clothing market in Bangladesh capital
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube A massive blaze raged through a retail complex with 3,000 shops in Dhaka, Bangladesh, on April 4, 2023. There were no immediate reports of casualties but almost all shops were destroyed. Bongo Bazar market is popular among bargain shoppers looking for Western fashion brands. The market sells clothes produced in the city’s textile factories that have…
US Fed hikes interest rates 0.25 percent amid market turmoil
The US Federal Reserve raised the interest rate by 0.25% on Wednesday as it battles stubborn inflation and a banking crisis, which has pushed the central bank into taking its largest emergency actions since the onset of the pandemic. The rate hike brings the Fed’s policy rate, the federal funds rate, to a new range of 4.75%-5%, the highest since October 2007. Robert Scott is…
Hong Kong boy band Mirror releases first English single in attempt to march into the global market
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Hong Kong band Mirror launched their first English single “Rumours” on March 17, 2023, following challenges such as the global pandemic and a concert mishap. Edan Lui, member of Mirror, said they had learned a lesson from the previous event, and will continue to perform professionally. Support us: https://subscribe.scmp.com Follow us on: Website: https://www.scmp.com Facebook: https://facebook.com/scmp…
ArtTactic Podcast: South China Morning Post's Enid Tsui Updates us on the Chinese Art Market
In this week’s episode of the ArtTactic Podcast, we chat with Enid Tsui, arts editor at the South China Morning Post. First, they detail the impact of Covid travel restrictions on the art market in Hong Kong and China. Then, they discuss how Chinese collectors have been missed at art events such as fairs and auctions, and how galleries outside of China have not had…
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A seven-year-old girl and four adults have died while attempting to cross the English Channel in a small boat. They’re the latest migrants to have lost their lives while attempting [...]
Contestants screeched, squawked and cawed their way to glory in the European Championships of Gullscreeching on Sunday in front of a packed audience in Belgium. Competitors were scored on both [...]
'The Five' co-hosts react to the second day of testimony in NY vs. Trump. #foxnews #fox #thefive Subscribe to Fox News! https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox [...]
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