Property owners are taking full advantage of a supply and demand mismatch to drive prices up to unimaginable levels Rental prices in Davos, Switzerland during the World Economic Forum (WEF) have become a spectacle of the absurd. However, for local landlords this is not something outrageous but merely business as usual — a prime opportunity…

Growth in the EU’s powerhouse has continued to slow amid persistent economic headwinds The German economy shrank by 0.3% year-on-year in 2023 after being hit by high inflation, soaring energy prices, and weak foreign demand, the Federal Statistical Office has reported.

Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday.    Car production in Russia rose by 16% in 2023, with over 720,000 automobiles rolled off the assembly line, according to Manturov, whose remit includes industry and…