Bloomberg US homeowners spooked by the burgeoning pandemic last spring rushed to tap equity in their properties for a hit of ready cash — and equally wary banks tightened credit or halted lending in response. In the past year, monstrous demand for homes amid a scarcity of listings pushed up prices to the point of giving owners more collective equity ...

Bloomberg Portugal and Spain imposed new restrictions on UK visitors amid concern about the coronavirus delta variant as Germany pushed for a more coordinated European Union response to try to limit the strain taking hold in the bloc. The changes are a setback for Europe’s holiday destinations just as the summer tourism season should be kicking up a gear. The ...

Bloomberg Intel Corp Chief Executive Officer Pat Gelsinger predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve. “I don’t expect chip industry is back to a healthy supply-demand situation until ’23,” he said in an interview. “For a variety of industries, I ...