See all the links and our weekly headline roundup here.
1. UK Second Charge Mortgage Lending Drops by 9% In June, the second charge mortgage market saw a 9% decline in lending, despite a recent return to growth. Read more
2. Surge in No-Fault Evictions with 41% Increase in One Year New Ministry of Justice data reveals a 41% YoY rise in households facing no-fault evictions, exacerbating the risk of homelessness. Read more
3. Visualizing the World Economy at $105 Trillion in One Chart A comprehensive chart showcases the $105 trillion world economy, highlighting major export and import contributors. Read more
4. Mobicule Technologies’ Innovations in Indian Debt Recovery Leading non-banking financial company, LTFH, embraces a tech-driven approach to debt recovery, aiming for sustained growth and sustainable practices. Read more
5. High Mortgage Rates Cause Sharp Downturn in Demand The UK housing market experiences a significant drop in demand due to high mortgage rates, impacting sales and new instructions. Read more
6. UK Housebuilding Sector Faces Challenges Amid Insolvencies Rising interest rates, labor shortages, and material costs contribute to insolvencies and declining demand in the UK housebuilding sector. Read more
7. Italian Banks Hit by Unexpected 40% Windfall Tax Italy introduces a sudden 40% tax on bank profits generated from higher interest rates, leading to a negative impact on bank shares. Read more
8. Transformative Approaches in Debt Collection Industry Top debt collection agencies adopt innovative methods, including licensed private investigators, to ensure effective debt recovery. Read more
9. Record High Credit Card Debt in the US Americans face a record-high credit card debt, highlighting financial challenges and prompting discussions on debt management. Read more
10. Ohio Constitution Amendment Threshold Debate Ohio’s Special Election explores the proposal to raise the constitutional amendment approval threshold to 60%, sparking debates on governance changes. Read more
11. Goldman Sachs Forecasts Global Economic Shifts Goldman Sachs predicts a significant shift in global economic power by 2050, highlighting the changing landscape of the world’s economies. Read more
12. UK Inflation Rate Impact from Statistical Effects The UK’s annual inflation rate is projected to decline in 2023 due to various factors, including statistical effects and falling energy prices. Read more
13. Small Housebuilders in UK Struggle Amidst Challenges Small housebuilders in the UK face challenges like labor shortages, rising interest rates, and high costs, impacting their ability to meet demand. Read more
14. Italy Implements Unforeseen Tax on Bank Profits Italy’s decision to impose a 40% windfall tax on bank profits from higher interest rates surprises the industry and triggers a sharp decline in shares. Read more
15. Effective Strategies for Debt Collection Agencies Leading debt collection agencies differentiate themselves by incorporating licensed private investigators and avoiding aggressive tactics. Read more
16. UK House Prices Experience Steep Annual Decline UK house prices face their fastest annual decline in 14 years, reflecting challenges in the housing market and demand. Read more
17. UK Mortgage Market Impacted by High Rates High mortgage rates lead to a significant downturn in demand and sales, affecting the UK’s housing market. Read more
18. US Faces Record Credit Card Debt The US grapples with a record-high credit card debt, raising concerns about financial stability and management. Read more
19. Proposal to Strengthen Ohio Constitution Amendment Process Ohio considers raising the threshold for amending the state constitution to 60%, prompting discussions on democratic processes and governance. Read more
20. Goldman Sachs Predicts Global Economic Shifts by 2050 Goldman Sachs’ projections anticipate significant changes in the global economic landscape by 2050, signaling shifts in economic power. Read more
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