Britain Declares National Heat Emergency

Britain Declares National Heat Emergency

Forecasters warned that a record-breaking heat wave might pose “risk to life” in the U.K. as sweltering temperatures sparked wildfires and sparked weather alerts in numerous European nations. The national weather service of Britain issued the nation’s first-ever “red warning” for extremely high temperatures for Monday and Tuesday, prompting the government to convene a meeting …

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Homebuyers In China Refuse To Pay Mortgages

Homebuyers In China Refuse To Pay Mortgages

There are growing concerns about rising vulnerabilities in the banking sector as China’s real estate crisis worsens. According to official media reports and economists at foreign banks, desperate homebuyers in dozens of locations are refusing to make mortgage payments on incomplete properties. In China, real estate companies are permitted to sell homes before they are …

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Bank of America fund manager survey

Bank Of America Fund Manager Survey And More Info

According to the monthly fund manager survey conducted by Bank of America Corp., investor concerns about stagflation are at their greatest level since the financial crisis of 2008, while confidence in global growth has reached a record low. The BofA strategists noted that previous troughs in profits expectations happened during past significant Wall Street crises, …

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