Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

Property prices continue to decline nationally as interest rates rise, and capital city housing markets have fallen as much as 6 percent in the last three months. CoreLogic data shows that in September, properties sold for 1.4 percent less on average nationally than in August. The only capital city not to see a monthly decline … Read more

American homebuyers find UK bargains, discounted by a weaker pound

Street in the Chelsea district, London Alejandro Spatari | Moment | fake images US homebuyers are hunting for bargains in the UK as a weaker pound contributes to double-digit price cuts. The fall of the British currency, which is down 17.5% against the US dollar year to date, has made UK real estate cheaper for … Read more

India’s startup market has tremendous potential

India’s startup market is worth betting on, though it is still “a few years” behind China’s, said Facebook co-founder Eduardo Saverin. During a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying “a lot of dollars” in India. and is thinking about the … Read more

Home buyers are canceling purchase contracts. What to know before you do

Steve Pfost | News | fake images Amid higher interest rates and a weakening housing market, homebuyers continue to back out of purchase contracts at a high rate. Some 64,000 home purchase deals were canceled in August, according to a new report from Redfin. That is equivalent to 15.2% of housing contracts started during the … Read more

What Kroger, Walmart, Target learned from China about grocery’s future

Now in business for 140 years, Cincinnati-based Kroger accelerated its push into digital retail during the pandemic, and the grocery chain isn’t looking back. Kroger has adopted an omnichannel strategy, integrating offline or in-store sales with online ordering and logistics. It’s a concept that originated in China in 2016 when founder Jack Ma of e-commerce … Read more

Bed Bath & Beyond merchandise problems could cripple turnaround plan

A person leaves a Bed Bath & Beyond store in New York City on June 29, 2022. Andrew Kelly | Reuters Bed bath and beyond is betting on a drastic change in strategy and well-known brands to revive its struggling business. But the retailer’s strained relationships with suppliers of products like deep fryers and stand … Read more

EU approves up to $5.2 billion in public funding for hydrogen projects

Part of a hydrogen-powered train pictured in Germany on August 24, 2022. European Commission President Ursula von der Leyen expressed her support for hydrogen during her State of the Union address on September 14. Carmen Jaspersen | AFP | fake images The European Commission on Wednesday approved up to 5.2 billion euros (about $5.2 billion) … Read more

Tesla weighs reset for China retail strategy even as sales boom

Tesla is reassessing how it sells electric cars in China, its second-biggest market, and considering closing some showrooms in flashy malls in cities like Beijing, where traffic has plummeted during Covid restrictions, two people with knowledge said. of the plans. The change would put more emphasis on stores in less expensive suburban locations that can … Read more

Ether (ETH) drops 15% since Ethereum merge as traders take profits

Ethereum underwent a major network upgrade called a merger that proponents claim will make transactions much more energy efficient. After the merger, ether prices fell after a big rally before the event. Jakub Porzycki | Nurfoto | fake images Ether has fallen more than bitcoin since the cryptocurrency’s underlying technology, the Ethereum network, underwent a … Read more

2 sports execs launch firm to invest up to $50M in early-stage firms

Newcastle United’s Alexander Isak in action with Crystal Palace’s Cheick Doucoure. Lee Smith | Reuters Two longtime sports executives are launching an investment firm that they say will back startups that capitalize on growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday that it will invest up to $50 … Read more