London House Building Collapses 84% in a Decade as Sales Plunge

Jan 20, 2026 | Markets

The UK government is on course to miss its London housing targets by a wide margin after plunging new home sales led to a collapse in the number of new apartments under construction. Just 5,547 homes were started in the UK capital last year, an 84% drop from a decade...

Luxury Stocks Hit Three-Month Low as Analysts Warn on Valuations

Jan 19, 2026 | Markets

As Europe’s luxury-goods stocks get off to a shaky start to 2026, some analysts are warning that the sector’s recent rally has left valuations looking inflated. Morgan Stanley downgraded LVMH to equal-weight on Monday, saying both tariffs and currency fluctuations...

De Beers Cuts Diamond Prices for The First Time in Over a Year

Jan 19, 2026 | Markets

De Beers cut its official diamond prices for the first time in more than a year, according to people familiar with the matter, ending its attempts to support the market in the face of slumping demand. The diamond industry has been beset by one of the deepest and most...

Americans Bear Almost All the Cost of Trump Tariffs, Study Shows

Jan 19, 2026 | Markets

President Donald Trump’s duties on imported goods are paid almost entirely by American importers, their domestic customers and ultimately US consumers, a study from a German think tank concluded. “Foreign exporters did not meaningfully reduce their prices in response...