U.K. House Prices Remain Stuck in Brexit Stasis, Nationwide Says

Photographer: Simon Dawson/Bloomberg By David Goodman U.K. house prices barely moved this month as the market remained trapped by Brexit uncertainty, according to Nationwide Building Society. Prices edged up 0.2% in October from last month, the mortgage lender said Tuesday. From a year ago, values rose 0.4%, registering sub-1% growth for an 11th month. The

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China accuses US of ‘economic bullying’ over equipment ban

Photo (AP) China on Tuesday accused the U.S. of “economic bullying behavior” after U.S. regulators cited security threats in proposing to cut off funding for Chinese equipment in U.S. telecommunications networks. China would “resolutely oppose the U.S. abusing state power to suppress specific Chinese enterprises with unwarranted charges in the absence of any evidence,” Foreign

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Dubai Faces a ‘Disaster’ From Overbuilding, Top Developer Says

Residential and commercial skyscrapers stand in downtown Dubai, United Arab Emirates | Photographer: Christopher Pike | Bloomberg By Zainab Fattah and Yousef Gamal El-Din Damac chairman calls for construction pause for 1 to 2 years Builder dramatically slashed new developments, Sajwani says Want the lowdown on European markets? In your inbox before the open, every

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US Treasury Secretary vows more economic sanctions on Iran

Israeli Prime Minister Benjamin Netanyahu and U.S. Treasury Secretary Steven Mnuchin deliver joint statements during their meeting in Jerusalem, Monday, Oct. 28, 2019. (Ronen Zvulun/Pool Photo via AP) JERUSALEM (AP) — U.S. Treasury Secretary Steven Mnuchin pledged Monday to increase sanctions against Iran, saying the Trump administration’s “maximum pressure campaign” is halting alleged Iranian aggression

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EU agrees Brexit delay as British parliament blocks December 12 election

Britain’s Prime Minister Boris Johnson is seen at the House of Commons in London, Britain October 23, 2019. ©UK Parliament/Jessica Taylor/Handout via REUTERS The European Union agreed a three-month flexible Brexit delay on Monday but the British parliament rejected Prime Minister Boris Johnson’s bid to end the political paralysis with a Dec. 12 election. Days

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Somalia is among countries to be affected by volatile Politics and Oil Prices IMF regional outlook report

Photo/Somali Times Political uncertainty and volatile oil prices are hindering economic growth in Somalia among several other countries, according to a new report released Monday by the International Monetary Fund. The IMF’s regional outlook report projects growth to rise just 0.5% in 2019, compared to 1.6% in 2018. Increased activity in the oil and gas

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HSBC profits fall in challenging trade

Photo/AFP / MARCO BERTORELLO HSBC is underperforming in parts of Europe and the United States, as third-quarter profits fell, the lender’s interim chief executive said on Monday, warning also of headwinds including Brexit. The Asia-focused banking giant has been trying to lower costs as it faces the double uncertainties caused by the grinding US-China trade

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Midair scare forces Silverstone Air plane to make emergency landing

Photo/Daily Nation/A Silverstone Air plane at the Eldoret International Airport on May 31, 2019. A plane operated by the airline was forced to make an emergency landing at the airport after a wheel dropped off midair on October 28. A Silverstone Air plane on Monday caused a scare after a wheel dropped off midair, moments

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EU nations agree to Brexit extension until January 31: Tusk

European Council President Donald Tusk and European Commission President Jean-Claude Juncker (not pictured) hold a joint news conference at the end of the European Union leaders summit dominated by Brexit, in Brussels, Belgium October 18, 2019. REUTERS/Piroschka van de Wouw BRUSSELS (Reuters) – European Council President Donald Tusk said on Monday that the 27 countries

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Igad battles internal wrangles as Horn of Africa craves for mediation

Ethiopia’s Prime Minister Abiy Ahmed, Somalia’s President Mohamed Abdullahi Mohamed and Eritrea’s President Isaias Afwerki sit in a helicopter during their visit to Gondar, northern Ethiopia, on November 9, 2018. PHOTO | EDUARDO SOTERAS | AFP Services at the Inter-governmental Authority on Development (Igad) could be crippled following a stalemate on who becomes chief executive

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