Bloomberg UK house prices may fall 16% because of the economic upheaval caused by the coronavirus, according to a desktop stress test by the Bank of England (BOE). That decline would be in line with the fall in residential property values during the financial crisis, though the central bank says that banks would not suffer “very material losses in the ...

Bloomberg Industrial production in the euro area’s two largest economies cratered in March, highlighting the crippling impact of just half a month of factory closures to control the spread of the deadly coronavirus. A 9.2% decline in output in Germany and a 16.2% drop in France are the latest signs of the severity of Europe’s slump. The warning from industry ...

Bloomberg Nintendo Co. beat its own forecast for sales of the Switch console in the last fiscal year, reflecting surging demand for games and other entertainment as people spend more time at home amid the Covid-19 pandemic. Nintendo sold 21 million units of the Switch in the year ended in March, ahead of its estimate of 19.5 million. The Kyoto-based ...