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Average asking prices for newly listed homes in Britain’s richest borough have fallen by nearly £100,000 in one month amid intense seller competition and a cooling housing market.
Half of homes in Great Britain are selling more slowly than the previous year due to mortgage market volatility linked to Middle East conflict, with regional disparities widening as buyers adopt cautious strategies.
Job vacancies have declined to their lowest level in over five years, with smaller businesses reducing recruitment due to rising labour costs and operating expenses.
Mike Ashley’s Frasers Group increased its stake in Hugo Boss to 48% after shareholders accepted a takeover offer, positioning the retail billionaire closer to full control of the German fashion house.
The music industry faces uncertainty as generative AI platforms raise questions about who profits when AI models train on existing songs without explicit permission or compensation.
Government borrowing costs across advanced economies reached multi-decade highs as hopes for a US-Iran peace agreement collapsed, with rising oil prices and increased defense spending fueling inflation concerns.
