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China’s central bank cuts mortgage interest for first home buyers

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-08-31 13:55:36

normal

August 31, 2023

17:55 pm

(Archyde.com)
The People’s Bank of China (the central bank) and the financial sector regulator said today, Thursday, that they will reduce the current mortgage interest rate for first home buyers as of September 31.
They added in a statement that they would hold a meeting on September 25 to revive the real estate market, which is suffering amid debt and liquidity crises.
Separately, the bank and the authority also said that the housing credit policy will witness amendments and improvements.

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#Chinas #central #bank #cuts #mortgage #interest #home #buyers

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News

Car-Truck Collision in Oisquercq: Videos, Injuries, and Legal Consequences

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-08-31 10:46:32

A collision between a car and a truck occurred around 8:30 a.m., for an as yet undetermined reason, at the crossroads of the streets of Virginal and de la Falize, in Oisquercq, in the entity of Tubize.

The driver of the car was seriously injured and taken to hospital. His vital prognosis is engaged.

of videos

The police officers who intervened at the scene of the accident found that the lorry driver, of Polish nationality, was driving his truck while he was in a state of disqualification from driving.

The Walloon Brabant prosecutor’s office requested the intervention of an automobile expert at the scene of the accident.

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#vital #prognosis #driver #engaged

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Health

Lewis Hamilton Signs Contract Extension with Mercedes Until 2025: What’s Next for Mick Schumacher?

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-08-31 12:59:21

Mercedes

Formula 1 driver up to the age of 40 – superstar Lewis Hamilton extended

Mercedes announced on Thursday the extension of the contracts with its drivers Lewis Hamilton and George Russell. How things will continue with Mick Schumacher remains unclear.

Published31. Aug 2023, 2:59 p.m

Mercedes has equipped its driver duo with new contracts. Lewis Hamilton and George Russell will stay until at least the end of 2025.

AFP

The currently 38-year-old Hamilton is determined to be able to break the Red Bull dominance once more in the future.

AFP

How things will continue with Mercedes reserve driver Mick Schumacher remains unclear.

REUTERS

In addition, the rumor mill around Ferrari’s Carlos Sainz is boiling – will he soon be driving for the Hinwil team?

REUTERS

Formula 1 superstar Lewis Hamilton extends his contract.

The 38-year-old should drive for Mercedes at least until the end of 2025.

There are also rumors regarding Mick Schumacher and Carlos Sainz.

Formula 1 record world champion Lewis Hamilton (38) has extended his contract with Mercedes until the end of 2025. As the Silver Arrows announced on Thursday before the Italian Grand Prix in Monza, his British team-mate George Russell (25) will stay with Mercedes for another two years.

“We keep chasing our dreams, we keep fighting no matter the challenge and we will win once more. I’m grateful to the team that supports me both on and off the track,” said seven-time world champion Hamilton. “Our story is not over yet, we are determined to achieve more together and we will not stop until we do.”

Where to go with Mick Schumacher? – Audi rumors regarding Sainz

Where the path of Mercedes reserve driver Mick Schumacher is going remains unclear. The son of Formula 1 legend Michael Schumacher is still hoping for a cockpit for the coming season. only where? Williams is traded once more and once more. The American rookie Logan Sargeant has not yet been able to convince there. There aren’t too many other options, instead other even younger drivers from the junior racing series are jostling.

There are also rumors regarding the future owner of the Sauber racing team: Audi. The German car giant will take over the Hinwil Formula 1 team for the 2026 season – and is already planning with big names. Audi is said to have put out feelers to Ferrari driver Carlos Sainz.

Receive daily breaking news from the world of sports. Whether interviews, portraits, game reports or analyses: our reporters will inform you directly in your mailbox.

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#Mercedes #Formula #driver #age #superstar #Lewis #Hamilton #extended

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Economy

Understanding Euro Zone’s Inflation: Key Factors and Trends

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-08-31 10:53:29

The euro zone’s annual inflation rate remained stable in August at 5.3%, as in July, while energy prices fell less sharply than in previous months, Eurostat announced on Thursday.

The figure is higher than analysts’ expectations from Factset and Bloomberg, who on average expected a slowdown to 5.1%.

Inflation in the 20 countries sharing the single currency has been halved since the record 10.6% reached in October 2022 when the effects of the war in Ukraine on gas and oil prices were felt in full.

But it remains well above the 2% target set by the European Central Bank (ECB).

Chart showing the evolution of inflation in the euro area since 1997

AFP

Thursday’s data marked a pause in the slowdown in inflation that had continued uninterrupted since May.

The reason is energy prices, which continue to fall from the very high levels reached last year, but less markedly than in previous months. Their fall was limited to 3.3% in August, once morest 6.1% in July.

The main contribution to inflation now comes from food prices (including alcohol and tobacco), which soared another 10.4% year-on-year in August, but are still slightly slower compared to July (+11.3%).

Similarly, the rise in the prices of industrial goods (excluding energy) was lower in August (4.8% following 5% in July).

The increase in the prices of services slowed down only very moderately to 5.5% (-0.1 point).

Within the euro zone, Belgium and Spain recorded the lowest inflation in August at 2.4% year on year, according to harmonized data published by Eurostat.

It reached 5.7% in France and 6.4% in Germany, while Slovakia (9.6%) and Croatia (8.5%) had the highest rates.

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#Euro #zone #inflation #stable #August #year #TV5MONDE

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