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Eurostat published a report on the dynamics of housing prices in the Eurozone and the EU in the fourth quarter of last year. The statistics indicated a slowdown in house prices in the Eurozone to 4.2% in annual terms from 4.3% a quarter earlier. Compared with the third quarter, housing has risen in price by 0.7%, while in the previous quarter prices rose at a level of 1.5%. The annual increase in housing prices in the EU countries in the last quarter of 2018 also slowed to 4.2% from 4.3% in the third quarter. In quarterly terms, prices rose by 0.6% compared with a rise of 1.5% in the previous quarter. The highest rates of annualized housing prices went up in Slovenia, Latvia, and the Czech Republic, while a 0.6% decline in prices was noted in Italy.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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