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The Parliament of New Zealand passed a law that restricts the sale of houses to foreign citizens, requiring them to first obtain approval from the local Office for Foreign Investments, proving the profitability of such a deal for the country. The new rules will not apply to citizens of Australia and Singapore. The poll of 2017 showed that 72% of New Zealanders supported tightening control over the transfer of land to foreigners. The Financial Times reported that house prices in New Zealand in the last 10 years have grown by 60%, and the share of landowners among the population has fallen to a minimum in 70 years.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
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