The surge in mortgage rates we’ve seen this year is making an already dysfunctional housing market even more uncertain. Higher lending costs will make housing less affordable, which should cool demand and at least slow price increases. But the more significant impact in a market struggling with historically-low levels of inventory is what it means for supply. Unfortunately, at ...

  Boris Johnson’s Conservative government, desperate to show the benefits of quitting the European Union, has called for an “investment big bang”: He’ll clear regulatory obstacles so that pension funds and insurers can channel tens of billions of additional pounds into modernising Great Britain and raising living standards. But the upcoming overhaul of capital rules for insurers has little to ...

  Bloomberg Thailand’s economy grew faster than expected last quarter, buoyed by rising exports and tourist arrivals, firming its recovery as it faces risks this year from inflation and Omicron variant. Gross domestic product during October-December rose 1.9% from a year ago, the National Economic and Social Development Council (NESDC) said. That beat the median growth estimate of 0.8% in ...