China will skip the upcoming G20 event in the Indian-controlled part of disputed Kashmir, Chinese Foreign Ministry spokesman Wang Wenbin said on Friday.  “China firmly opposes holding any form of G20 meetings on disputed territory. We will not attend such meetings,” Wang said at a press conference.

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Housing construction in the EU and UK has fallen sharply due to interest-rate hikes, Bloomberg reported on Thursday. Policies aimed at tackling raging inflation are exacerbating supply-chain issues and sending the cost of loans and building materials soaring, the agency noted.