Next month’s UK election will likely be a reckoning for Prime Minister Rishi Sunak, the Conservative Party and its handling of the aftermath of Brexit and the pandemic. It turns out both events have already played a key role in shifting control of some of Britain’s best-known brands to foreign hands. High Street retailers like … Read more
On March 19, Japan’s central economic organization ended its latest economic experiment. The BOJ scrapped the world’s last negative debt charge rate policy, with the first rate hike since 2007. The move ends the most aggressive monetary stimulus program in modern history, signaling confidence that the country is finally leaving behind years of deflation and … Read more
China’s National People’s Congress, the annual meeting of the country’s top government officials, comes amid a new economic context in 2024. For decades, China’s development has been tremendous. But now the nation is seeing a significant slowdown. Its housing sector is in its third year of decline, the stock sector is touching new lows and … Read more
Low borrowing charge rates sent money pouring into real estate, transforming cities around the world. But pandemic lockdowns emptied out enterprise districts and tenants have been slow to return. Now commercial real estate is in trouble, and the consequences may extend across the global economy. Get unlimited access to Bloomberg.com for $1.99/month for the first … Read more