Budget pressures could mean further council tax rises, leaders warn

China’s Property Crisis: From Evergrande Collapse to Spiraling Prices

Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years. Real estate values continue to plummet, households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse.

Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers

Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.

Horizons Middle East & Africa 8/20/2026 (Video)

Dollar Risks Becoming Biggest Loser From Bessent’s Bond Buying

Treasury Secretary Scott Bessent’s bold intervention to stem a potentially damaging rise in US borrowing costs has some investors saying the dollar will ultimately pay the price.