Cost of Living8:22Looking for a deal on a rental? Try a retirement homeWhile Canada's average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property that likely has a "for rent" sign out front: retirement homes.The Canada...
According to real estate information provider Fang.com, only 1,469 new homes found buyers in February, which were sold at an average price of 65,920 yuan (US$9,167) per square metre, down 0.2 per cent from the previous month. The number of transactions represented a 63 per...
In 2023, the hotel industry had seen some recovery with monthly occupancy rate of between 66 per cent and 87 per cent, higher than the monthly occupancy rate of between 55 per cent and 75 per cent in 2022, according to data compiled by Colliers....
Chinese investors, once among the most active buyers of commercial property in the United States, sold US$31.7 billion of US commercial real estate between 2019 and last year, 15 times more than what they acquired during the same period, according to MSCI Real Assets, a...
CLP Holdings, the larger of Hong Kong’s two power utilities, plans to increase its imports of nuclear power from mainland China as the electricity supplier seeks to achieve its greenhouse gas emissions goal for 2030 by increasing the share of clean energy in its product...
China is now the world’s largest automotive and electric vehicle (EV) market. Sales of electric cars made in the country also account for about 60 per cent of the global total.Behind the industry boom is the Chinese government’s long-term commitment to industrial self-reliance and sustainability.But...
Wall Street investment banks have seen some significant lay-offs. Goldman Sachs’ headcount fell 7 per cent globally in 2023, while Morgan Stanley and Bank of America reported a 2 to 3 per cent drop. Those who managed to retain their jobs have suffered a 40...
“Because [the UAE is] so mature now, it’s actually quite difficult to penetrate the relationships with the top brass and the business leaders,” the British investor added. “Whereas in Saudi, they’re … a little bit after the beginning, and this is the best time to...
The conviction was deep that savings are more reliably nurtured by savers themselves, rather than entrusted to highly paid fund managers. Families believed fund managers had more interest in the fees that made them rich than in the financial security of Hong Kong families in...
A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain.Xavi Torrent | Getty Images News | Getty ImagesMicrosoft on Friday said that Russian group Nobelium, which the company refers to as Midnight Blizzard, has...