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☆ In China, more families on the fence on home buying, foreclosures cloud sector
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +3 min

Stabilising the crisis-hit property sector will be a key challenge for policymakers this year as they try to kick-start an economic recovery. The number of families opting to stay on the sidelines for property in the last quarter rose to 27.2% of respondents from 20.1% in July-October, the survey showed. Respondents' willingness to allocate money to domestic stocks, funds, and overseas asset classes also increased, the survey showed. Cities with high numbers of foreclosures were mostly in central and western China, as well as the prosperous Yangtze River Delta and Pearl River Delta regions, according to the property research firm. But analysts expect a sustainable recovery in the sector will only kick in towards the second half of this year.

☆ Don't think you have enough money to invest in real estate? Here's how 4 investors got started with less than $10,000 upfront.
▼ + stars: | 2023-02-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They used strategies like buying with an FHA loan and partnering with someone to split the costs. Wanot isn't the only successful property investor Insider has spoken with who got started without much cash. Dominic Kosteris bought a modest starter home even though he could have afforded moreReal estate investor Dominic Kosteris and his family. Sean Allen bought out-of-state in a more affordable market and invested with a friendLos Angeles-based real estate investor Sean Allen and his fiancé. Becoming a property investor all started with a conversation with his friend back in 2013.

☆ Instant View: China's economy slows sharply in Q4, 2022 growth one of the worst on record
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +10 min

As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...

☆ China's big cities are starting to look past Covid, while rural areas brace for infections
▼ + stars: | 2023-01-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Subway passenger traffic in Shanghai is quickly returning to levels seen before the latest Covid wave, according to Wind data. Subway and road data show traffic in major cities is rebounding, he pointed out, indicating the worst of the latest Covid wave has passed. "The dramatic U-turn in China's Covid policy since mid-Nov implies deeper short-term economic contraction but faster reopening and recovery," Hu said in a report Wednesday. In the last several days, the southern city of Guangzhou and the tourist destination of Sanya said they'd passed the peak of the Covid wave. watch nowChongqing was the most congested city in mainland China during Thursday morning's rush hour, according to Baidu traffic data.

☆ Jamaica renews regional states of emergency due to gang violence
▼ + stars: | 2022-12-28 | by ( Kate Chappell | ) www.reuters.com time to read: +1 min

REUTERS/Gilbert BellamyKINGSTON, Dec 28 (Reuters) - Jamaican Prime Minister Andrew Holness renewed states of emergency in eight parishes on Wednesday to control an ongoing threat of crime linked to gang activity in the Caribbean nation. Holness on Nov. 15 had announced regional states of emergency, which allow authorities to search buildings and arrest citizens without a warrant. Police Commissioner Antony Anderson told the same press conference that Jamaica recorded an average of nearly five murders per day in September. The previous states of emergency, as well as new firearms legislation, have caused violent crime to decline, he said. There were 1,463 murders in Jamaica in 2021, with gang activity accounting for 71% of these, according to official data.

☆ Japan's recent heavy snow has caused 13 deaths, many injuries
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Dec 24 (Reuters) - Recent heavy snow in Japan's north and elsewhere have killed 13 people injured more than 80 and left more than 10,000 households without power, the authorities said on Saturday. Snowstorms and high waves in northern Japan and along the Sea of Japan coast could cause snow as deep as 60 cm (two feet), the Meteorological Agency warned. By late Saturday afternoon, more than 30 had been seriously injured and more than 50 sustained minor injuries, the Fire and Disaster Management Agency said. Train and airplane services were disrupted in northern Japan, and some parts of central and western areas experienced traffic disruption, according to public broadcaster NHK. Reporting by Kaori Kaneko; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Beijing and northern China hit by winter sandstorm
▼ + stars: | 2022-12-12 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

CNN —Beijing and large swaths of northern China woke to choking sand and dust on Monday, as a winter sandstorm sent air pollution levels off the charts. Beijing used to be hit by sandstorms regularly in the spring, but less so in the winter. Sandstorms also hit northern Hebei and Shanxi provinces, western Gansu, and central and western Inner Mongolia on Monday, state-run news agency Xinhua said. CFOTO/Future Publishing/Getty ImagesIn the spring of 2021, Beijing was hit by the biggest sandstorm in nearly a decade, which turned the skies an eerie shade of orange. In previous decades, each May saw at least two rounds of sandstorms, according to Xinhua.

☆ Back-to-back winter storms bring heavy snow, critical fire conditions and even a possible haboob to the West
▼ + stars: | 2022-12-02 | by ( Jennifer Gray | ) edition.cnn.com time to read: +5 min

The winter storm that dumped up to two feet of snow across the Cascades and the northern Rockies in the Northwest on Thursday will impact the Central US Friday. Check your forecast here“The cold front has featured everything from 82 mph winds to snow squall conditions to thundersnow,” the National Weather Service office in Salt Lake City said. With several feet of new snow in the mountains, an avalanche warning has been issued for the Central Sierra, including Greater Lake Tahoe through Friday evening. “Confidence has also increased in blowing dust including the potential of a wall of dust developing along the cold front,” the weather service warned. The weather service in Eureka, California, noted the “possibility of isolated thunderstorms capable of producing small hail” near the coast.

☆ Japan court rules same-sex marriage ban is constitutional, but activists see a silver lining
▼ + stars: | 2022-11-30 | by ( ) edition.cnn.com time to read: +3 min

A Tokyo court ruled on Wednesday that a ban on same-sex marriage was constitutional but said the lack of legal protection for same-sex families violated their human rights, which plaintiffs welcomed as a step toward aligning Japan with other G7 nations. Japan is the only G7 nation that does not allow same-sex marriage, and its constitution defines marriage as based on “the mutual consent of both sexes. The ruling party of Prime Minister Fumio Kishida has disclosed no plans yet to review the matter or propose legislation, though several senior members support same-sex marriage. Wednesday’s ruling by the Tokyo district court said that while the ban was constitutional, the absence of a legal system to protect same-sex families is an infringement of their human rights. The decision came a day after the US Senate passed a same-sex marriage protection bill and Singapore lifted a ban on gay sex but limited the prospects for legalizing same-sex marriage.

REUTERS/Gilbert BellamyKINGSTON, Nov 15 (Reuters) - Jamaican Prime Minister Andrew Holness on Tuesday declared a state of public emergency in parts of the capital Kingston and in some central and western parishes in an attempt to control rising crime linked to gang violence. States of emergency give authorities increased powers, including the ability to search buildings and carry out arrests without warrants. "What we are seeing with gang activities in these areas is cause for grave concern," he added. Holness predicted an increase in murders over the next several weeks with the onset of the holiday season, when violent crime typically spikes. Gang violence was the reason for 71% of those murders, he said.

☆ Lights go out in Ukraine as Russia launches 'massive' strike
▼ + stars: | 2022-10-22 | by ( ) www.cnbc.com time to read: +3 min

An electrician works to repair an electricity power line that was damaged from shelling above a former battlefield, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine, October 21, 2022. Hundreds of thousands of people in central and western Ukraine woke up on Saturday to power outages and periodic bursts of gunfire, as Ukrainian air defense tried to shoot down drones and incoming missiles. Ukraine's air force said in a statement Saturday that Russia had launched "a massive missile attack" targeting "critical infrastructure," hours after air raid sirens blared across the country. The presidential office said in its morning statement that five explosive-laden drones were downed in the central Cherkasy region southeast of Kyiv. Over the past two weeks, Moscow has increased its attacks on key civilian infrastructure across Ukraine.

☆ A real estate investor who is financially independent from his 25-unit portfolio that he built in 4 years shares his best advice to rookie investors and how to 'find good deals'
▼ + stars: | 2022-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investors agree that a key to succeeding is networking with the right people. Knowing very little about real estate investing at that point, Mark told her he'd think about it. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "The best way to network, no matter where you live, is to find a local real estate meet-up group." Anyone can use it to connect with real estate investors and find events to attend.

☆ Russian strikes wiped out 30% of Ukraine's power stations, part of a playbook to fight its infrastructure instead of its military
▼ + stars: | 2022-10-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russia's new tactics in Ukraine involve an intensified effort to cut off Ukraine's power. Zelenskyy said Tuesday that Russia had destroyed 30% of Ukraine's power stations in eight days. Russia's defense ministry explicitly said on Monday that it was gunning for Ukraine's power supply, even though attacking civilian infrastructure is broadly viewed as a war crime. A Russian drone is seen during a Russian drone strike, in Kyiv, Ukraine October 17, 2022. And Ukraine's Western allies are now rushing to send more air-defense systems to Ukraine in a direct response to Russia's drone and missile barrages.

☆ How to build wealth from real estate investing, according to 7 couples and individuals who have done it
▼ + stars: | 2022-09-23 | by ( Business Insider | ) www.businessinsider.com time to read: +10 min

With patience and the right strategies, real estate investing can be a path to financial freedom. Several people who have used real estate to build wealth told us how they got started. Insider spoke to individuals, including Zuber, who have used real estate as a tool to build long-term wealth. When he was in high school, "I found online that 90% of all millionaires became so through owning real estate." From that point on, he decided that real estate would one day be his path to wealth.

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