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Hong Kong eyes sea, golf courses to solve housing crisis

Bloomberg Hong Kong’s limited supply of land has forced it to look at unusual and costly options to address a chronic homes shortage in the world’s least affordable housing market. One of the ideas the government is considering is to build four artificial islands in its central waters. This would cost HK$500 billion ($63.7 billion), the South China Morning Post ...

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UK auto investment down 50% as Brexit hits spending

Bloomberg The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit. Spending plunged 46 percent to 589 million pounds ($769 million), the lowest since the global financial crisis, the Society of Motor Manufacturers said in a statement. Concern about the impact of ...

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Spain remains an economic bright spot in euro-area

Bloomberg Spain remained an economic bright spot in the euro zone in late 2018 even though the country, like the rest of the region, faces a weaker outlook this year. Growth unexpectedly accelerated to 0.7 percent in the fourth quarter, contrasting with figures reported by Germany, France and Italy, where trade tensions, violent pro-tests and budget struggles hobbled growth. Spanish ...

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