Bloomberg Chancellor Angela Merkel’s government is offering home and factory owners at least €13 billion ($14.8 billion) in loans and subsidies over the next four years to reduce the carbon emitted from their properties. The money, earmarked in the mid-term federal budget plan, will be disbursed to property owners who sign up to programs to cut power and heat ...

  Bloomberg British Columbia took over as Canada’s fastest growing economy last year on the back of its red-hot real estate market, while Alberta fell to last place. Gross domestic product in the westernmost province grew 3 percent in 2015, the fastest since 2006, led by a 5 percent gain in real estate-related services. It marks the first time — ...

  Bloomberg Hong Kong’s economy unexpectedly contracted in the first quarter as falling retail sales and a weakening property market weigh on the city. Gross domestic product fell 0.4 percent in the three months through March from the previous quarter, the government said in a statement Friday, compared with the median estimate for 0.1 percent growth in a Bloomberg News ...