In recent years, Chinese property developers have used unsold apartments to settle debts to construction companies and furniture suppliers. Now, Chinese local governments are following suit.

Wall Street slumped nearly 2% for the holiday-shortened week as a spate of economic data on the labor market and inflation sparked a major recalibration of Federal Reserve interest rate cuts.

Today: Cloudy with periods of rain beginning early morning then changing to morning snow, up to 2 cm. Wind northwest 20 km/h gusting to 40 km/h, becoming light in the afternoon. Temperature falling to ...