Wednesday , April 21 2021

International News

Home prices soar in frenzied US market drained of supply

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years ...

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Facebook cracks down on 1,000 fake networks, accounts

Bloomberg Facebook Inc. said it removed 14 networks representing more than 1,000 accounts seeking to sway politics around the world, while misleading the public about their identity. Most of the removed networks were in the early stages of building their audiences, the Menlo Park, California-based company said. Facebook’s announcement, part ...

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Finland planning gradual easing of Covid-19 curbs

Bloomberg Finland’s government presented a gradual plan for exiting Covid-restrictions, starting with the executive relinquishing emergency powers later this month. Tight restrictions would be eased in May, and lesser restrictions gradually from June. The government will prioritise removing restrictions affecting children, Prime Minister Sanna Marin said at a press conference. ...

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Daimler CEO sees solid returns on e-car

Bloomberg Daimler AG’s new flagship electric sedan will generate “reasonable” returns right from the start as the vehicle features top-line technology, Chief Executive Officer Ola Kallenius said. The Mercedes EQS, which debuts this week, will produce attractive profits while still lagging the returns of its combustion engine-powered sibling, the S-Class, ...

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Biden unveils $1.5trn budget plan to boost health, education

Bloomberg President Joe Biden proposed major boosts in funding to combat inequality, disease and climate change as part of a $1.52 trillion budget request for 2022, part of his wider push to redefine the role of government in American lives. The administration’s outline, released by the White House, kicks off ...

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Spain’s government trims 2021 GDP forecast to 6.5%

Bloomberg Spain’s government trimmed its 2021 annual economic growth forecast to 6.5% after renewed pandemic restrictions led to a worse-than-expected first quarter, Economy Minister Nadia Calvino said in a presentation. The government’s previous outlook, published in October, forecast a baseline economic expansion of 7.2% this year and as much as ...

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