Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
HM, Hence why Lloy want in on the rental market.
DYOR
The UK's largest mortgage lender expects house prices to fall this year and next before rising in 2025.
Halifax-owner Lloyds Banking Group predicts prices will drop 4.7% this year and by a further 2.4% in 2024 before recovering.
Lenders have blamed higher borrowing costs for a slowdown in house sales.
But the average house price remains about £40,000 higher than at the height of Covid when prices soared, as people working from home sought more space.
Lloyds said on Wednesday that while prices would fall over the next two years, longer term growth would be steady with prices rising 0.6% by 2027.
Interest rates are currently at 5.25%, their highest level for 15 years, driven by a series of rate rises aimed at tackling soaring consumer prices.
As a result, lenders have raised their borrowing rates, including for mortgages. The latest figures show the average rate on two-year fixed is 6.24% on average, according to financial information service Moneyfacts.
Lloyds' forecasting is based on the Halifax House Price Index, which excludes figures for cash buyers, which currently make up over 30% of housing sales.
Despite data from mortgage lenders showing falls in house prices, the average price of a home in the UK remains high.
read more;
https://www.bbc.co.uk/news/business-67214201
DYOR
..to fall until 2025, predicts Lloyds.
DYOR
OH Gawd, have you been kicked out of whether's again..
DYOR
It will take to make homes affordable again for millions of Americans.
"A few scenarios using NAR data help illustrate how far affordability is from the average between 1989 and 2019, and what would be required to push it back into a more typical range as the national average for the 30-year ticked lower to 7.98% on Tuesday.
If home prices are stable, rates need to fall to 3.55% in order to be back to historical average.
If prices grow 5%, rates need to fall to 3.16%.
If prices stay the same but incomes increase 5%, rates need to fall to 3.95%
A mortgage rate that stays around 8% means median home prices need to fall by 35%, to $265,000.
If rates stay at 8% and prices at current levels, income needs to increase by 63%.
But these numbers understate the challenge of getting affordability back to where Americans are used to seeing it."
https://www.cnbc.com/2023/10/25/will-americans-ever-be-able-to-afford-to-buy-a-home-again.html?taid=653904599c11a8000116e6cb&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain
DYOR
Lillian Greenwood asks why "self-described tech bro" Rishi Sunak "has been unable to locate and provide his Whatsapp messages" to the UK's Covid Inquiry..
DYOR
LTI, ""
DT wanted a run of 2 'positive' posts in a row instead of posting the decline of Japan""
Germany overtaking Japan only proves what a complete mess, globally, we are in. LTI you have to prove, everyday, what a dik you are..😂, that's AI for yeah..
DYOR
...Growth Since 2021 Puts Fed in Tough Spot. Surge in consumer spending powered the economy last quarter.
Powell has cautioned fast growth could justify higher rates....
DYOR
Germany to Pass Japan as Third-Largest Economy, Helped by Weak Yen. Yen sliding to 160 per euro; near three-decade low to dollar..
IMF also sees Germany’s GDP remaining larger in dollar terms...
DYOR
Germany is about to overtake Japan as the world’s third-largest economy in 2023,
DYOR
Google and a coalition of US banks and foundations are pledging to steer at least $4 billion toward small businesses and minority lending institutions...
DYOR
LTI...
😂🤣
D...
Back plans to pump pension cash into the economy...
Top venture capital firms have thrown their weight behind a move to channel pension cash into start-ups today as the government accelerates its efforts to get more retirement money flowing into the economy.
In an announcement this morning, 20 venture firms including Octopus, Balderton and Lakestar said they had signed a new “Venture Capital Investment Compact” backed by the Treasury, which would help unlock £50bn to flow into unlisted companies by the end of the decade.
DYOR
MD "Meant to close the short @ 39.40p....Greed isn't good, never mind.""
??..!
I suppose you are right, it does get worse..
DYOR
Tygra, yes, you are correct about Liverpool I know people who can not sleep at night who thought the BLT would a good idea. It was once or as you say if your cash rich.
The impact of rates had only just started to filter down and if inflation takes a turn for the worse then it will be carnage...
DYOR
To choose fiscal muscle over big reforms to revive economy.
China is set to unleash fresh fiscal stimulus to shore up its economic recovery, drawing on a well-used playbook that relies heavily on debt and state spending but falls short on the deeper reforms called for by a growing number of analysts.
Some government advisers are recommending China lifts its 2024 budget deficit target beyond the 3% of gross domestic product (GDP) set for this year, which would allow Beijing to issue more bonds to revive the economy, policy insiders and economists have told Reuters.
DYOR
(BoC) will leave interest rates on hold on Wednesday as the economy stalls, analysts said, though many see the central bank warning that future hikes are still possible with inflation hovering well above its 2% target.
In July, the BoC hiked rates to a 22-year high of 5.0% and said more hikes might be needed, but it held in September as growth appeared to be weakening. That trend has been confirmed, with growth effectively stalling in July and August.
DYOR
Biden fears wider war in Middle East.
Top U.S. officials tell us the threats of a war widening from the Gaza Strip are real and rising, forcing the Pentagon to put more U.S. forces on higher alert for quick deployment and rush additional weapons systems to the region.
read more;
https://www.axios.com/2023/10/23/biden-israel-gaza-middle-east-war-threat
DYOR