Bloomberg Residential land values in London’s priciest areas are dropping, with developers taking a more cautious approach to new projects during the pandemic. The average price of land for development in prime central London fell by 6% in second quarter, the first decline in more than a year, according to a report by broker Knight Frank. That means plots are ...

Bloomberg US business activity stabilised in July, indicating only gradual progress for the economy as some states slow the pace of reopening to counter a pickup in coronavirus cases. The IHS Markit preliminary composite index of purchasing managers at manufacturers and service providers improved 2.1 points to a six-month high of 50, the dividing line between expansion and contraction, the ...

Bloomberg A record number of Canada’s largest businesses are seeking protection from creditors, a testament to the strains companies are under because of the coronavirus pandemic. In the three months through June, 27 firms were granted protection under Companies’ Creditors Arrangement Act (CCAA), a federal law that gives insolvent corporations that have debt of more than $3.7 million an opportunity ...