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The price of rental apartments in the US rose in the third quarter, despite the fact that the volume of proposals from landlords, especially in large cities of the country, was large enough, the Wall Street Journal writes. In the real estate market in the US, there has been an increase in demand for flats due to the growth in the number of jobs and average wages, although the rental rate for the year increased by 2.9%. At the same time there is a drop in demand for houses, which is caused by tax reform. In the third quarter, new construction was reduced by 23.9% year-on-year. The number of facilities under construction fell to 50 thousand 475 houses.
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 ...
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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