High interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe. So far, ongoing projects and a heightened focus on sustainability have prevented construction volumes from shrinking, but we’re expecting to see a steep decline begin to emerge in 2024
EU politics
Bella Caledonia: Scottish politicians and writers in call to remove the PKK from the Terrorism list
Last week saw the launch of an international petition for delisting the Kurdistan Workers’ Party, the PKK. Its thousand initial signatures include almost 100 parliamentarians and three dozen lawyers, as well as municipal councillors, academics, […]
Finance
Instituional Investor: Norway Blocks Wealth Fund From Investing in Private Equity
The country’s finance ministry cited fees and lack of transparency as reasons not to invest in unlisted equities. Read here
Economics
Michael Pettis – The Only Five Paths China’s Economy Can Follow
here is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other […]
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