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Brexit batters British housing as RICS index hits worst in six years

Bloomberg A key gauge of the UK housing market fell to the weakest since just after the financial crisis. The Royal Institution of Chartered Surveyors (RICS) said its index of prices fell to the lowest in six years in October, pointing to a modest drop in values. Uncertainty about the UK’s impending exit from the European Union and a lack ...

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EU sees risks mounting in region’s economy

Bloomberg Global trade tensions, Italy’s fiscal battles and US overheating pose risks to the euro-area economy, the European Commission warned as it lowered its forecast for the coming year. While the list of threats in the commission’s report aren’t a surprise, they come amid mounting signs of a persistent slowdown in the euro area. The European Central Bank has said ...

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BMW urged to help finance diesel hardware upgrades

Bloomberg BMW AG is under pressure to drop its opposition to funding hardware upgrades on some diesel vehicles as German Chancellor Angela Merkel’s government continues efforts to defuse a crisis that’s damaging the country’s reputation as an automotive leader. Transport Minister Andreas Scheuer had summoned executives from BMW and rivals Volkswagen AG and Daimler AG to a meeting in Berlin ...

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