Heavy snowfall that started in the Russian capital overnight is expected to continue into Tuesday Moscow is already going through its first major snowfall. Meteorologists have described the weather pattern over the Russian capital as a “black blizzard” – a phenomenon usually encountered in the Far North, when snowflakes fly almost parallel to the surface,…

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Deutsche Pfandbriefbank has become the latest lender to put away more provisions for its commercial property loan book Deutsche Pfandbriefbank, a German bank focused on commercial real estate, has become the latest lender in the country to report having put aside more provisions for its loan portfolio amid what it calls the worst decline in…