Real estate prices have skyrocketed in China's most popular cities, raising fears the overheated property market could be headed for a crash.
Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its holdings, saying it already has enough exposure to the industry and wants to protect against fluctuating oil prices.
According to a new list from Forbes, a property developer is now the richest person in China, although his company is known for its vast debts. There's only one woman among the 10 wealthiest people in the Asian nation.
A combination of low interest rates and banks hunting for yields could fuel a dangerous real estate bubble, a senior member of the German central bank has warned, urging banks and financial supervisors to be alert.
Today, half the world's electric cars are on Chinese roads: the country is set on becoming the world's technology and market leader. Germany, as a leading research location, could profit greatly from that ambition.
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