Soaring interest rates take toll on UK property market – Bloomberg

House purchases have dropped as British banks withdraw mortgage offers amid rising borrowing costs, the outlet reports House sales in the UK are in steady decline after the country’s banks started actively pulling mortgage products in response to mounting interest rates, Bloomberg reported on Tuesday.

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Power in Ukraine has been usurped – Putin

Vladimir Zelensky’s official term as the country’s head of state expired last month Power in Ukraine has been usurped, and its executive authorities have lost their legitimacy, Russian President Vladimir Putin said on Friday during a plenary session at the St. Petersburg International Economic Forum (SPIEF).

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Berlin to nationalize local subsidiary of Russian energy giant

The German authorities are discussing nationalizing the local subsidiary of Russian state-controlled energy major Rosneft, which has been under a trusteeship since 2022, the company said on Thursday. The newspaper Handelsblatt reported, citing government sources, that a hearing that began on Monday marks the first step towards a formal expropriation procedure the government is seeking…

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