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Trudeau poised for weakened mandate as Canada votes

Bloomberg Canadian Prime Minister Justin Trudeau was all set to retain power in a close election on Monday but lose his parliamentary majority, forcing him to rely on a left-leaning party to survive a second term. A Trudeau victory would avert an historic collapse for the Liberal leader who was elected four years ago on a wave of optimism and ...

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Berlin freezes housing rents in plan to tackle cost spiral

Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

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Luxury developer Candy may bid for London land

Bloomberg A group led by luxury property developer Nicholas Candy is considering making an offer for Capital & Counties (CapCo) Properties Plc, whose stock has cratered amid London prime real estate’s longest slump in decades. Capco’s shares rose 8% in London on Monday, valuing the firm at $2.8 billion. The stock had lost nearly half its value from its 2015 ...

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